SUB vs NOBL

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

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

SUB vs NOBL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SUB

$11B

Winner

NOBL

$11B

Expense Ratio

Winner

SUB

0.07%

NOBL

0.35%

Max Drawdown

Winner

SUB

11.72%

NOBL

35.43%

Sharpe Ratio

SUB

-0.24

Winner

NOBL

0.68

5Y Beta

Winner

SUB

0.00

NOBL

0.53

P/E Ratio

SUB

N/A

NOBL

24.47

Forward P/E

SUB

N/A

NOBL

18.05

PEG Ratio

SUB

N/A

NOBL

2.38

5Y Dividends CAGR

Winner

SUB

19.17%

NOBL

5.62%

5Y EPS CAGR

SUB

N/A

NOBL

7.00%

Debt to Equity

SUB

N/A

NOBL

6.02%

P/S Ratio

SUB

N/A

NOBL

1.79

P/B Ratio

SUB

N/A

NOBL

3.30

SUB vs NOBL - Historical Returns

Returns include dividend reinvestment.

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

Winner

SUB

+0.05%

NOBL

-0.74%

Winner

SUB

-0.17%

NOBL

-5.01%

SUB

+1.24%

Winner

NOBL

+6.21%

SUB

+3.43%

Winner

NOBL

+10.97%

5Y(CAGR)

SUB

+1.43%

Winner

NOBL

+5.05%

10Y(CAGR)

SUB

+1.45%

Winner

NOBL

+9.59%

Max(CAGR)

SUB

+1.58%

Winner

NOBL

+10.22%

SUB vs NOBL - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

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

SUB vs NOBL Drawdown Comparison

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

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

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

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

Correlation

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

0.94

-101

Dividend Comparison (2008 - 2026)

SUB vs NOBL dividend yield comparison.

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