VBAIX vs. NOBL
Compare and contrast key facts about Vanguard Balanced Index Fund Institutional Shares (VBAIX) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
VBAIX is managed by Vanguard. It was launched on Dec 1, 2000. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBAIX or NOBL.
Key characteristics
| VBAIX | NOBL | |
|---|---|---|
| YTD Return | 15.97% | 13.49% |
| 1Y Return | 24.28% | 25.68% |
| 3Y Return (Ann) | 2.61% | 5.81% |
| 5Y Return (Ann) | 7.89% | 9.92% |
| 10Y Return (Ann) | 7.77% | 10.34% |
| Sharpe Ratio | 2.63 | 2.37 |
| Sortino Ratio | 3.59 | 3.35 |
| Omega Ratio | 1.51 | 1.42 |
| Calmar Ratio | 1.76 | 2.37 |
| Martin Ratio | 16.34 | 10.96 |
| Ulcer Index | 1.42% | 2.25% |
| Daily Std Dev | 8.83% | 10.40% |
| Max Drawdown | -35.82% | -35.43% |
| Current Drawdown | 0.00% | -1.36% |
Correlation
The correlation between VBAIX and NOBL is 0.83, 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
VBAIX vs. NOBL - Performance Comparison
In the year-to-date period, VBAIX achieves a 15.97% return, which is significantly higher than NOBL's 13.49% return. Over the past 10 years, VBAIX has underperformed NOBL with an annualized return of 7.77%, while NOBL has yielded a comparatively higher 10.34% 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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VBAIX vs. NOBL - Expense Ratio Comparison
VBAIX has a 0.06% expense ratio, which is lower than NOBL's 0.35% expense ratio.
Risk-Adjusted Performance
VBAIX vs. NOBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Balanced Index Fund Institutional Shares (VBAIX) 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
VBAIX vs. NOBL - Dividend Comparison
VBAIX's dividend yield for the trailing twelve months is around 2.02%, more than NOBL's 1.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBAIX Vanguard Balanced Index Fund Institutional Shares | 2.02% | 2.05% | 1.94% | 1.39% | 1.66% | 2.13% | 2.32% | 1.96% | 2.10% | 2.10% | 1.93% | 1.85% |
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
VBAIX vs. NOBL - Drawdown Comparison
The maximum VBAIX drawdown since its inception was -35.82%, roughly equal to the maximum NOBL drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for VBAIX and NOBL. For additional features, visit the drawdowns tool.
Volatility
VBAIX vs. NOBL - Volatility Comparison
The current volatility for Vanguard Balanced Index Fund Institutional Shares (VBAIX) is 2.47%, while ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has a volatility of 3.07%. This indicates that VBAIX 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.