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UYM vs. NOBL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UYM vs. NOBL

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).

UYM and NOBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (200%). It was launched on Jan 30, 2007. 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 UYM 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.

Performance

UYM vs. NOBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). The values are adjusted to include any dividend payments, if applicable.

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UYM vs. NOBL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UYM
ProShares Ultra Basic Materials		21.88%9.46%-8.00%17.47%-23.10%54.58%16.56%35.09%-35.68%51.51%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		2.32%6.84%6.72%8.09%-6.52%25.46%8.35%27.39%-3.26%21.02%

Returns By Period

In the year-to-date period, UYM achieves a 21.88% return, which is significantly higher than NOBL's 2.32% return. Over the past 10 years, UYM has outperformed NOBL with an annualized return of 12.79%, while NOBL has yielded a comparatively lower 9.54% annualized return.

UYM

1D
2.07%
1M
-10.24%
YTD
21.88%
6M
26.46%
1Y
28.20%
3Y*
9.93%
5Y*
6.72%
10Y*
12.79%

NOBL

1D
-0.04%
1M
-6.79%
YTD
2.32%
6M
4.06%
1Y
6.18%
3Y*
7.40%
5Y*
6.30%
10Y*
9.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Basic Materials

ProShares S&P 500 Dividend Aristocrats ETF

Often compared with UYM:
UYM vs. FXZUYM vs. PYZUYM vs. QLDUYM vs. XLBUYM vs. TQQQUYM vs. QQQUYM vs. IYW
Often compared with NOBL:
NOBL vs. SCHDNOBL vs. VIGNOBL vs. SPYNOBL vs. DGRONOBL vs. SDYNOBL vs. VOONOBL vs. KNG

UYM vs. NOBL - Expense Ratio Comparison

UYM has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.

UYM
ProShares Ultra Basic Materials
NOBL
ProShares S&P 500 Dividend Aristocrats ETF

Return for Risk

UYM vs. NOBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UYM
UYM Risk / Return Rank: 3636
Overall Rank
UYM Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
UYM Sortino Ratio Rank: 4040
Sortino Ratio Rank
UYM Omega Ratio Rank: 3636
Omega Ratio Rank
UYM Calmar Ratio Rank: 3737
Calmar Ratio Rank
UYM Martin Ratio Rank: 3333
Martin Ratio Rank
NOBL
NOBL Risk / Return Rank: 2323
Overall Rank
NOBL Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
NOBL Sortino Ratio Rank: 2323
Sortino Ratio Rank
NOBL Omega Ratio Rank: 2222
Omega Ratio Rank
NOBL Calmar Ratio Rank: 2424
Calmar Ratio Rank
NOBL Martin Ratio Rank: 2525
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UYM vs. NOBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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.

UYMNOBLDifference

Sharpe ratio

Return per unit of total volatility

0.67

0.41

+0.27

Sortino ratio

Return per unit of downside risk

1.20

0.70

+0.50

Omega ratio

Gain probability vs. loss probability

1.15

1.09

+0.07

Calmar ratio

Return relative to maximum drawdown

1.04

0.54

+0.51

Martin ratio

Return relative to average drawdown

3.22

1.89

+1.33

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYM vs. NOBL - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 0.67, which is higher than the NOBL Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of UYM and NOBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UYMNOBLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

0.41

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.17

0.44

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.30

0.58

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

0.64

-0.56

Correlation

The correlation between UYM and NOBL is 0.80, 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.

Dividends

UYM vs. NOBL - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.24%, less than NOBL's 2.14% yield.

TTM20252024202320222021202020192018201720162015
UYM
ProShares Ultra Basic Materials		1.24%1.47%0.98%0.28%0.88%0.52%0.56%1.24%0.94%0.38%0.55%0.42%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF		2.14%2.14%2.05%2.09%1.94%1.89%2.14%1.89%2.37%1.74%2.13%2.02%

Drawdowns

UYM vs. NOBL - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for UYM and NOBL.

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Drawdown Indicators

UYMNOBLDifference

Max Drawdown

Largest peak-to-trough decline

-92.77%

-35.43%

-57.34%

Max Drawdown (1Y)

Largest decline over 1 year

-28.11%

-11.20%

-16.91%

Max Drawdown (5Y)

Largest decline over 5 years

-48.25%

-17.92%

-30.33%

Max Drawdown (10Y)

Largest decline over 10 years

-73.31%

-35.43%

-37.88%

Current Drawdown

Current decline from peak

-11.72%

-7.07%

-4.65%

Average Drawdown

Average peak-to-trough decline

-42.41%

-3.45%

-38.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.12%

3.18%

+5.94%

Volatility

UYM vs. NOBL - Volatility Comparison

ProShares Ultra Basic Materials (UYM) has a higher volatility of 11.88% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.55%. This indicates that UYM'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.

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Volatility by Period

UYMNOBLDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.88%

3.55%

+8.33%

Volatility (6M)

Calculated over the trailing 6-month period

25.01%

8.06%

+16.95%

Volatility (1Y)

Calculated over the trailing 1-year period

42.04%

15.24%

+26.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.32%

14.39%

+24.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.73%

16.59%

+26.14%