NOBL vs SUB

Comparison between PROSHARES S&P 500 DIVIDEND ARISTOCRATS ETF (NOBL, ETF) and ISHARES SHORT-TERM NATIONAL MUNI BOND ETF (SUB, ETF).

5-Year PerformanceNOBL has outperformed SUB, delivering a return of +5.0% compared to +1.4%

NOBL vs SUB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOBL(ETF)	SUB(ETF)
Net Assets	$11B	$11B
Expense Ratio	0.35%	0.07%
Max Drawdown	35.43%	11.72%
Sharpe Ratio	0.68	-0.24
5Y Beta	0.53	0.00
P/E Ratio	24.47	N/A
Forward P/E	18.05	N/A
PEG Ratio	2.38	N/A
5Y Dividends CAGR	5.62%	19.17%
5Y EPS CAGR	7.00%	N/A
Debt to Equity	6.02%	N/A
P/S Ratio	1.79	N/A
P/B Ratio	3.30	N/A

Net Assets

Winner

NOBL

$11B

SUB

$11B

Expense Ratio

NOBL

0.35%

Winner

SUB

0.07%

Max Drawdown

NOBL

35.43%

Winner

SUB

11.72%

Sharpe Ratio

Winner

NOBL

0.68

SUB

-0.24

5Y Beta

NOBL

0.53

Winner

SUB

0.00

P/E Ratio

NOBL

24.47

SUB

N/A

Forward P/E

NOBL

18.05

SUB

N/A

PEG Ratio

NOBL

2.38

SUB

N/A

5Y Dividends CAGR

NOBL

5.62%

Winner

SUB

19.17%

5Y EPS CAGR

NOBL

7.00%

SUB

N/A

Debt to Equity

NOBL

6.02%

SUB

N/A

P/S Ratio

NOBL

1.79

SUB

N/A

P/B Ratio

NOBL

3.30

SUB

N/A

NOBL vs SUB - Historical Returns

Returns include dividend reinvestment.

Period	NOBL	SUB
1 month	-0.74%	+0.05%
3 months	-5.01%	-0.17%
6 months	+6.21%	+1.24%
1 year	+10.97%	+3.43%
5 years(CAGR)	+5.05%	+1.43%
10 years(CAGR)	+9.59%	+1.45%
Max(CAGR)	+10.22%	+1.58%

NOBL

-0.74%

Winner

SUB

+0.05%

NOBL

-5.01%

Winner

SUB

-0.17%

Winner

NOBL

+6.21%

SUB

+1.24%

Winner

NOBL

+10.97%

SUB

+3.43%

5Y(CAGR)

Winner

NOBL

+5.05%

SUB

+1.43%

10Y(CAGR)

Winner

NOBL

+9.59%

SUB

+1.45%

Max(CAGR)

Winner

NOBL

+10.22%

SUB

+1.58%

NOBL vs SUB - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	NOBL	SUB
2026	+3.00%	+0.51%
2025	+7.59%	+3.55%
2024	+6.48%	+2.26%
2023	+8.00%	+2.83%
2022	-6.00%	-2.02%
2021	+27.46%	+0.17%
2020	+8.22%	+2.58%
2019	+28.20%	+3.00%
2018	-3.36%	+1.88%
2017	+20.64%	+0.83%
2016	+13.46%	+0.01%
2015	+0.50%	+0.71%
2014	+16.55%	+0.54%
2013	+8.60%	+0.77%
2012	N/A	+0.41%
2011	N/A	+3.85%
2010	N/A	+0.55%
2009	N/A	+4.28%
2008	N/A	+1.68%

NOBL vs SUB Drawdown Comparison

The maximum drawdown for NOBL was -35.43%, occurring on Mar 23, 2020. Recovery took 183 trading sessions.

The maximum drawdown for SUB was -9.46%, occurring on Mar 19, 2020. Recovery took 51 trading sessions.

The current NOBL drawdown is -6.11%. The current SUB drawdown is -0.35%.

Rank	NOBL	SUB
#1	-35.43% Jan 17, 2020 - Oct 8, 2020	-9.46% Mar 6, 2020 - May 19, 2020
#2	-17.91% Jan 4, 2022 - Jul 20, 2023	-6.40% Jan 16, 2009 - Sep 12, 2011
#3	-15.37% Nov 29, 2024 - Jan 6, 2026	-4.92% Jan 13, 2009 - Jan 16, 2009
#4	-15.27% Sep 21, 2018 - Mar 28, 2019	-4.35% Jul 22, 2021 - Dec 13, 2023
#5	-12.92% Jul 26, 2023 - Feb 22, 2024	-2.43% Mar 1, 2013 - Oct 24, 2013
#6	-10.39% Jan 26, 2018 - Sep 12, 2018	-1.71% Aug 24, 2016 - May 23, 2017
#7	-9.84% Aug 17, 2015 - Mar 3, 2016	-1.46% Jan 17, 2012 - Mar 1, 2013
#8	-9.11% Feb 27, 2026 - Mar 20, 2026	-1.25% Sep 7, 2017 - Nov 29, 2018
#9	-7.85% Jul 20, 2016 - Feb 13, 2017	-1.23% Apr 4, 2025 - May 29, 2025
#10	-7.09% Oct 12, 2020 - Nov 9, 2020	-0.92% Oct 2, 2024 - Jan 27, 2025
#11	-7.05% Dec 30, 2013 - Mar 4, 2014	-0.87% Jan 30, 2015 - Oct 2, 2015
#12	-6.33% Aug 16, 2021 - Nov 2, 2021	-0.80% Feb 23, 2026 - Mar 24, 2026
#13	-5.69% Mar 28, 2024 - Jul 30, 2024	-0.77% Aug 15, 2019 - Nov 27, 2019
#14	-5.50% Apr 30, 2019 - Jun 13, 2019	-0.75% Sep 12, 2011 - Dec 2, 2011
#15	-5.45% Jul 30, 2019 - Sep 6, 2019	-0.68% Dec 27, 2023 - May 8, 2024

Correlation

Correlation between NOBL and SUB is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2008 - 2026)

NOBL vs SUB dividend yield comparison.

Year	NOBL	SUB
2026	0.48%	0.85%
2025	2.14%	2.42%
2024	2.05%	2.10%
2023	2.09%	1.73%
2022	1.94%	0.86%
2021	1.89%	0.72%
2020	2.14%	1.23%
2019	1.89%	1.58%
2018	2.37%	1.32%
2017	1.74%	0.95%
2016	2.13%	0.75%
2015	2.02%	0.77%
2014	1.59%	0.76%
2013	0.30%	0.84%
2012	0.00%	0.99%
2011	0.00%	1.27%
2010	0.00%	1.28%
2009	0.00%	1.44%
2008	0.00%	0.33%