SPHD vs. NOBL
Compare and contrast key facts about Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
SPHD and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013. Both SPHD and NOBL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPHD or NOBL.
Performance
SPHD vs. NOBL - Performance Comparison
Returns By Period
In the year-to-date period, SPHD achieves a 21.33% return, which is significantly higher than NOBL's 12.04% return. Over the past 10 years, SPHD has underperformed NOBL with an annualized return of 8.66%, while NOBL has yielded a comparatively higher 10.11% annualized return.
SPHD
21.33%
-1.88%
11.75%
31.17%
7.36%
8.66%
NOBL
12.04%
-2.48%
5.91%
19.92%
9.50%
10.11%
Key characteristics
| SPHD | NOBL | |
|---|---|---|
| Sharpe Ratio | 2.75 | 1.94 |
| Sortino Ratio | 3.94 | 2.72 |
| Omega Ratio | 1.51 | 1.34 |
| Calmar Ratio | 2.13 | 2.71 |
| Martin Ratio | 18.92 | 8.70 |
| Ulcer Index | 1.62% | 2.27% |
| Daily Std Dev | 11.16% | 10.18% |
| Max Drawdown | -41.39% | -35.43% |
| Current Drawdown | -2.00% | -2.62% |
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SPHD vs. NOBL - Expense Ratio Comparison
SPHD has a 0.30% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Correlation
The correlation between SPHD and NOBL is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPHD vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SPHD vs. NOBL - Dividend Comparison
SPHD's dividend yield for the trailing twelve months is around 3.41%, more than NOBL's 2.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.41% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.01% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
SPHD vs. NOBL - Drawdown Comparison
The maximum SPHD drawdown since its inception was -41.39%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for SPHD and NOBL. For additional features, visit the drawdowns tool.
Volatility
SPHD vs. NOBL - Volatility Comparison
The current volatility for Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) is 2.62%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 3.00%. This indicates that SPHD experiences smaller price fluctuations and is considered to be less risky than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.