Category Review
Index option income was not one bet this year
ProShares - S&P 500 Dividend Aristocrats ETF
$55.66+0.16 (+0.29%)
- 0.35%
- $11.2B
- +12.0%
- 2.11%
- 1.1M sh
- $55.51
- low $50.12high $59.30
The ETF.net NOBL Grade
A
Score 70 out of 100
- 2 of 7
Score 70 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 2 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A88 out of 100Rank 3 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 6 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A87 out of 100Rank 1 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 2 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 2 of 7
Our read on NOBL
ADividend investing without the yield chase. NOBL holds roughly 70 S&P 500 companies picked for their records as dividend growers, not for the fattest payout on the screen. A purist's take on the theme, running since 2013.
The fund seeks to track, before fees and expenses, the S&P 500 Dividend Aristocrats Index.
Why people hold it
- The screen is the product: a slice of about 70 names pulled from the S&P 500 on dividend-growth credentials, not headline yield.
- At 0.35% a year, it sits below the typical fee in its dividend-growth peer group and matches SDY, the other big S&P dividend index fund.
- A multi-billion-dollar fund that trades actively, and it has tracked its index tightly. One of the stronger builds in its niche.
Worth knowing
- Mid-priced, not cheap. Broad sector-neutral dividend index funds such as SPDG charge a fraction of NOBL's 0.35%.
- Roughly 70 stocks means real single-name and sector concentration next to the full S&P 500, and it is all-equity, so market drawdowns come through.
- Cash lands quarterly, not monthly, and the mandate rewards payout consistency rather than the biggest current yield.
NOBL Holdings
- Stocks
- 70
- 17%
- BDX
Sectors
- Consumer Staples22.7%
- Industrials20.1%
- Financials13.1%
- Health Care11.1%
- Materials10.1%
- Consumer Discretionary5.7%
- Utilities5.4%
- Technology4.8%
- Real Estate3.9%
- Energy3.2%
Geography
- United States92.85%
- Switzerland2.90%
- United Kingdom2.64%
- Ireland1.60%
NOBL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
NOBL$11,200
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NOBL |
|---|---|
| Year to date | +8.3% |
| 1 month | −0.8% |
| 3 months | −1.8% |
| 1 year | +12.0% |
| 3 years | +10.7% |
| 5 years | +6.5% |
| 10 years | +10.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NOBL |
|---|---|---|
| 2026 YTD | +8.3% | |
| 2025 | +6.8% | |
| 2024 | +6.7% | |
| 2023 | +8.1% | |
| 2022 | −6.5% | |
| 2021 | +25.5% | |
| 2020 | +8.4% |
NOBL in the news
NOBL Dividends
- 2.11%
- $1.17
- $0.28 per share
- Quarterly
Distribution history
NOBL Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.40
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NOBL Cost
0.35%
NOBL0.35%
- The middle half of Dividend Aristocrats funds
- Median 0.40%
1 of the 7 Dividend Aristocrats funds charge less.
Other funds in Dividend Aristocrats
- ASDYState Street SPDR S&P Dividend ETFExpense ratio 0.35%1 year return +12.3%
- BWDIVState Street SPDR S&P Global Dividend ETFExpense ratio 0.40%1 year return +18.7%
- BREGLProShares - S&P MidCap 400 Dividend Aristocrats ETFExpense ratio 0.40%1 year return +8.4%
- CKNGZFirst Trust S&P 500 Diversified Dividend Aristocrats ETFExpense ratio 0.50%1 year return +22.3%
- CSNPDXtrackers S&P Dividend Aristocrats Screened ETFExpense ratio 0.15%1 year return +14.3%