KNGZ vs NOBL: Grades, Fees and Holdings Compared

First Trust S&P 500 Diversified Dividend Aristocrats ETF

KNGZCNasdaq

ProShares S&P 500 Dividend Aristocrats ETF

NOBLACboe

Overlap

20.1%by weight

Expense ratio

NOBL −0.15pt a year

KNGZ0.50%NOBL0.35%

Avg volume · 30D

NOBL 187.7×the volume

KNGZ5.75KNOBL1.08M

5Y return · a year

KNGZ +4.0pt

KNGZ+11.0%NOBL+7.0%

KNGZ vs NOBL Performance

Oct 29, 2021 – Oct 30, 2026

+68.4%KNGZ+40.1%NOBL

Expense ratio: KNGZ 0.50%; NOBL 0.35%, better
Fund size: KNGZ $69M; NOBL $11.9B
1Y total return: KNGZ +25.9%, better; NOBL +19.0%
Yield (12M): KNGZ 2.45%, better; NOBL 1.98%
Holdings: KNGZ 99; NOBL 69
Avg volume (30D): KNGZ 5.75K sh; NOBL 1.08M sh, better
NAV per share: KNGZ $43.39; NOBL $59.15
52W range

ETF.net Grade

Pillar letters and Scores for KNGZ, NOBL, with each pillar’s weight
Pillar	KNGZ	NOBL
Cost30% weight	F23	B65Higher
Mission25% weight	A73	A88Higher
Risk15% weight	C44Higher	C41
Tradability15% weight	D30	A87Higher
Holdings10% weight	D28	B67Higher
Durability5% weight	C44	B69Higher

Rank among Dividend Aristocrats funds

How we build Categories ›

Same Category. KNGZ and NOBL are both graded against the same 7 Dividend Aristocrats funds, so their Grades compare head to head.

Dividend Aristocrats⁠

Category · 7 funds

See all 7 ›

NOBL ranks 2nd and KNGZ 5th of 7 funds in the Dividend Aristocrats Category.

Rank 1ASDYState Street SPDR S&P Dividend ETFScore 75
Rank 2ANOBLProShares S&P 500 Dividend Aristocrats ETFScore 70
Rank 3BREGLProShares S&P MidCap 400 Dividend Aristocrats ETFScore 57
Rank 3BWDIVState Street SPDR S&P Global Dividend ETFScore 57
Rank 5CKNGZFirst Trust S&P 500 Diversified Dividend Aristocrats ETFScore 41
Rank 6CSNPDXtrackers S&P Dividend Aristocrats Screened ETFScore 40

Our read on each fund

ETF.net Research

KNGZCFirst Trust S&P 500 Diversified Dividend Aristocrats ETF

NOBLAProShares S&P 500 Dividend Aristocrats ETF

In short

KNGZ Dividend Aristocrats with a diversification rule bolted on: KNGZ tracks a sector-neutral S&P 500 dividend-grower index, so sector weights are set by design instead of drifting toward wherever the dividend growers happen to cluster.

NOBL Dividend 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.

Stated mandate

KNGZ The Fund seeks to track the price and yield of the S&P 500 Sector-Neutral Dividend Aristocrats Index. It normally invests at least 90% of assets in index securities and uses an indexing approach.

NOBL The fund seeks to track, before fees and expenses, the S&P 500 Dividend Aristocrats Index.

Why people hold it

KNGZ The "diversified" in the name is structural: a sector-neutral index of roughly 100 dividend payers, so no single sector quietly becomes the whole portfolio.ftportfolios.com
Plain index plumbing: normally at least 90% of assets in index securities, no manager discretion, and it has stayed close to the benchmark it names.ftportfolios.com
Live since 2017 as a First Trust index tracker, with distributions on a quarterly schedule.

NOBL 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

KNGZ Cost is the trade-off: 0.50% a year against a 0.40% peer median, and SPDG runs sector-neutral S&P dividend exposure for 0.05%.
Thinly traded with a modest asset base, so spreads and order type matter more here than in the category's household names.
It sits in the lower half of its dividend-aristocrat peer group overall, with fee and trading costs, not index tracking, driving that.

NOBL 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.

Full KNGZ profile⁠

Full NOBL profile⁠

KNGZ vs NOBL Holdings

How KNGZ and NOBL differ

Overlap by weight

20.1%

Shared holdings make up 43.7% of NOBL and 23.3% of KNGZ.

Level by level

Holdings29 in both20.1%
Sector11 Sectors48.1%
Countryby domicile97.1%
Asset classEquity100%

Sector

Sector weights in KNGZ and NOBL, widest gap first
Sector	More in KNGZMore in NOBL	KNGZ	NOBL
Technology	KNGZ +38.4 points	43.6%	5.2%
Consumer Staples	NOBL +18.7 points	4.0%	22.7%
Industrials	NOBL +13.5 points	6.4%	19.9%
Communication	KNGZ +9.4 points	9.4%	0.0%
Materials	NOBL +9.2 points	0.8%	10.0%
Consumer Discretionary	KNGZ +4.1 points	9.7%	5.6%
Utilities	NOBL +3.6 points	1.8%	5.4%
Financials	NOBL +2.5 points	10.7%	13.2%
Real Estate	NOBL +2.2 points	1.6%	3.8%
Health Care	NOBL +1.8 points	9.2%	11.0%
Energy	NOBL +0.4 points	2.9%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in KNGZ and NOBL, widest gap first
Country	More in KNGZMore in NOBL	KNGZ	NOBL
China	KNGZ +2.9 points	2.9%	0.0%
Switzerland	NOBL +1.5 points	0.0%	1.5%
United Kingdom	NOBL +0.8 points	0.7%	1.5%
United States	NOBL +0.6 points	96.4%	97.0%

Concentration

Weight in the 10 largest Holdings

KNGZ36.1%
NOBL16.6%

Securities held

KNGZ98
NOBL68

Asset class

KNGZ: Equity
NOBL: Equity

Holdings

Only in KNGZ69
In both29
Only in NOBL39

Only in KNGZ

69 securities, 76.4% of KNGZ by weight

Accenture plc4.20%
Texas Instruments Incorporated4.13%
Microchip Technology Incorporated3.92%
QUALCOMM Incorporated3.62%
HP Inc.3.59%
Comcast Corporation (Class A)3.40%
Verizon Communications Inc.3.38%
TE Connectivity Plc2.92%
Oracle Corporation2.91%
Omnicom Group Inc.2.34%
Analog Devices, Inc.2.13%
Pfizer Inc.1.61%
Hewlett Packard Enterprise Company1.52%
United Parcel Service, Inc. (Class B)1.35%
NIKE, Inc. (Class B)1.34%
Microsoft Corporation1.32%
Broadcom Inc.1.25%
ONEOK, Inc.1.24%
Best Buy Co., Inc.1.24%
Corning Incorporated1.17%
General Mills, Inc.1.08%
Bristol-Myers Squibb Company1.07%
Prudential Financial, Inc.1.02%
The Home Depot, Inc.0.96%
Altria Group, Inc.0.94%
Truist Financial Corporation0.94%
Hasbro, Inc.0.93%
Regions Financial Corporation0.93%
Paychex, Inc.0.85%
KeyCorp0.84%
Huntington Bancshares Incorporated0.83%
CVS Health Corporation0.78%
Starbucks Corporation0.77%
U.S. Bancorp0.77%
Lennar Corporation0.77%
The PNC Financial Services Group, Inc.0.75%
EOG Resources, Inc.0.74%
Fifth Third Bancorp0.69%
UnitedHealth Group Incorporated0.64%
Principal Financial Group, Inc.0.63%
Merck & Co., Inc.0.61%
The Cigna Group0.59%
M&T Bank Corporation0.57%
Lockheed Martin Corporation0.55%
MetLife, Inc.0.50%
Broadridge Financial Solutions, Inc.0.48%
Fox Corporation (Class A)0.47%
Everest Group, Ltd.0.47%
Edison International0.46%
Snap-on Incorporated0.46%

Only in NOBL

39 securities, 55.8% of NOBL by weight

Pentair PLC1.77%
Erie Indemnity Company-Cl A1.51%
Nextera Energy Inc1.51%
S&P Global Inc1.48%
Ecolab Inc1.48%
West Pharmaceutical Services1.48%
Walmart Inc1.48%
Cincinnati Financial Corp1.47%
Consolidated Edison Inc1.47%
Dover Corp1.46%
Nucor Corp1.46%
Atmos Energy Corp1.45%
Aflac Inc1.45%
Factset Research Systems Inc1.45%
Procter & Gamble Co/The1.45%
Linde PLC1.45%
Chubb Ltd1.44%
Church & Dwight Co Inc1.44%
Mccormick & Co-Non Vtg Shrs1.44%
Colgate-Palmolive Co1.44%
Pepsico Inc1.44%
Brown-Forman Corp-Class B1.43%
Jm Smucker Co/The1.43%
Coca-Cola Co/The1.43%
Target Corp1.43%
Emerson Electric Co1.42%
Sysco Corp1.42%
Expeditors Intl Wash Inc1.42%
Ww Grainger Inc1.42%
Cintas Corp1.41%
Brown & Brown Inc1.39%
Sherwin-Williams Co/The1.39%
Nordson Corp1.37%
Cardinal Health Inc1.37%
Archer-Daniels-Midland Co1.36%
Essex Property Trust Inc1.36%
Albemarle Corp1.36%
C.h. Robinson Worldwide Inc1.25%
Caterpillar Inc1.18%

Weight gaps

All 29 Holdings in both funds, largest gap first.

Holding weights in KNGZ and NOBL, widest gap first
Holding	More in KNGZMore in NOBL	KNGZ	NOBL
International Business Machines CorporationIBM	KNGZ +2.56 points	4.00%	1.44%
Kimberly-Clark CorporationKMB	NOBL +1.87 points	0.72%	2.59%
PPG Industries, Inc.PPG	NOBL +1.22 points	0.31%	1.53%
Federal Realty Investment TrustFRT	NOBL +1.22 points	0.25%	1.47%
Air Products and Chemicals, Inc.APD	NOBL +1.20 points	0.27%	1.47%
General Dynamics CorporationGD	NOBL +1.15 points	0.37%	1.52%
Eversource EnergyES	NOBL +1.12 points	0.35%	1.47%
Realty Income CorporationO	NOBL +1.11 points	0.34%	1.45%
Fastenal CompanyFAST	NOBL +1.02 points	0.37%	1.39%
A.O. Smith CorporationAOS	NOBL +1.01 points	0.48%	1.49%
Illinois Tool Works Inc.ITW	NOBL +0.94 points	0.48%	1.42%
Automatic Data Processing, Inc.ADP	NOBL +0.95 points	0.46%	1.41%
Johnson & JohnsonJNJ	NOBL +0.93 points	0.56%	1.49%
ExxonMobil Holdings Corp.XOM	NOBL +0.85 points	0.63%	1.48%
Amcor plcAMCR	NOBL +0.83 points	0.64%	1.47%
Becton, Dickinson and CompanyBDX	NOBL +0.81 points	0.62%	1.43%
Stanley Black & Decker, Inc.SWK	NOBL +0.80 points	0.73%	1.53%
Abbott LaboratoriesABT	NOBL +0.79 points	0.70%	1.49%
AbbVie Inc.ABBV	NOBL +0.75 points	0.71%	1.46%
Lowe's Companies, Inc.LOW	NOBL +0.69 points	0.81%	1.50%
Hormel Foods CorporationHRL	NOBL +0.64 points	0.83%	1.47%
Roper Technologies, Inc.ROP	KNGZ +0.61 points	2.26%	1.65%
Chevron CorporationCVX	NOBL +0.60 points	0.86%	1.46%
The Clorox CompanyCLX	NOBL +0.59 points	0.87%	1.46%
Franklin Templeton, Inc.BEN	NOBL +0.57 points	0.84%	1.41%
Medtronic PlcMDT	NOBL +0.56 points	0.90%	1.46%
McDonald's CorporationMCD	NOBL +0.50 points	0.98%	1.48%
Genuine Parts CompanyGPC	NOBL +0.44 points	0.92%	1.36%
T. Rowe Price Group, Inc.TROW	NOBL +0.39 points	1.03%	1.42%

All 98 KNGZ holdings⁠All 71 NOBL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

KNGZ vs NOBL Cost

Overpaying KNGZ vs NOBL

$2,853

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

KNGZ 0.50%
$9,979
NOBL 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

KNGZ 0.50%
NOBL 0.35%
Overpaying

Year by year

Year	KNGZ	NOBL	Overpaying
10	$900	$634	$266
20	$3,460	$2,454	$1,006
30	$9,979	$7,126	$2,853

Expense ratio

0.50%KNGZ
0.35%NOBL, cheaper

NOBL0.35%KNGZ0.50%

0.15%0.60%

Middle half of Dividend Aristocrats funds
Median 0.40%

NOBL 2nd cheapest of 7 funds

KNGZ 6th cheapest of 7 funds

KNGZ vs NOBL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): KNGZ 2.45%, better; NOBL 1.98%
Payout (12M): KNGZ $1.06; NOBL $1.17
Last payment: KNGZ $0.26; NOBL $0.28
Ex-dividend: KNGZ Sep 24, 2026; NOBL Sep 23, 2026
Paid on: KNGZ Sep 30, 2026; NOBL Sep 29, 2026
Frequency: KNGZ Quarterly; NOBL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

KNGZQuarterly · 37 paymentsAll KNGZ payments⁠

NOBLQuarterly · 39 paymentsAll NOBL payments⁠

KNGZ vs NOBL Risk

Fall from peak · 5 years

KNGZ
NOBL

Risk facts

VolatilityStd dev, 3 years: KNGZ 13.8%NOBL 13.5%, better
Return per unit of riskSharpe ratio, 3 years: KNGZ 1.17, betterNOBL 0.70
Worst fallMax drawdown, 5 years: KNGZ −19.7%NOBL −17.9%, better
Market sensitivityBeta, 5 years: KNGZ 0.90NOBL 0.64; Market = 1

KNGZ and NOBL in the news

All news⁠

Category Review
Index option income was not one bet this year
Updated Oct 5, 2026NOBL
First-Year Review
Liberty One's Spectrum ETF returned 6.4%, 8.9 percentage points behind an S&P 500 fund
Oct 1, 2026NOBL

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