TDIV vs. NOBL
Compare and contrast key facts about First Trust NASDAQ Technology Dividend Index Fund (TDIV) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
TDIV and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 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 TDIV 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: TDIV or NOBL.
Key characteristics
| TDIV | NOBL | |
|---|---|---|
| YTD Return | 26.37% | 13.37% |
| 1Y Return | 35.99% | 21.77% |
| 3Y Return (Ann) | 12.30% | 5.56% |
| 5Y Return (Ann) | 16.19% | 9.78% |
| 10Y Return (Ann) | 13.87% | 10.32% |
| Sharpe Ratio | 2.25 | 2.37 |
| Sortino Ratio | 3.03 | 3.33 |
| Omega Ratio | 1.38 | 1.42 |
| Calmar Ratio | 3.43 | 3.22 |
| Martin Ratio | 12.86 | 10.87 |
| Ulcer Index | 3.05% | 2.26% |
| Daily Std Dev | 17.40% | 10.37% |
| Max Drawdown | -31.97% | -35.43% |
| Current Drawdown | -2.44% | -1.46% |
Correlation
The correlation between TDIV and NOBL is 0.72, 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.
Performance
TDIV vs. NOBL - Performance Comparison
In the year-to-date period, TDIV achieves a 26.37% return, which is significantly higher than NOBL's 13.37% return. Over the past 10 years, TDIV has outperformed NOBL with an annualized return of 13.87%, while NOBL has yielded a comparatively lower 10.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TDIV vs. NOBL - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
TDIV vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) 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
TDIV vs. NOBL - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.56%, less than NOBL's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.56% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% | 2.31% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.99% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% | 1.60% | 0.30% |
Drawdowns
TDIV vs. NOBL - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for TDIV and NOBL. For additional features, visit the drawdowns tool.
Volatility
TDIV vs. NOBL - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 4.73% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.97%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.