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NOBL vs REGL

ProShares S&P 500 Dividend Aristocrats ETF

NOBLACboe

ProShares S&P MidCap 400 Dividend Aristocrats ETF

REGLBCboe

Overlap

0.2%by weight

Expense ratio

NOBL −0.05pt a year

NOBL0.35%REGL0.40%

Avg volume · 30D

NOBL 18.9×the volume

NOBL1.08MREGL57.3K

10Y return · a year

NOBL +1.1pt

NOBL+10.9%REGL+9.8%

NOBL vs REGL Performance

Oct 29, 2021 – Oct 30, 2026

+40.1%NOBL+46.5%REGL

Oct 29, 2021 to Oct 30, 2026. NOBL +40.1%. REGL +46.5%. Use the arrow keys to read each point.−10%0%10%20%30%Oct 2021Apr 2024Oct 2026
Expense ratio
NOBL 0.35%, better
REGL 0.40%
Fund size
NOBL $11.9B
REGL $1.74B
1Y total return
NOBL +19.0%, better
REGL +15.2%
Yield (12M)
NOBL 1.98%
REGL 2.16%, better
Holdings
NOBL 69
REGL 66
Avg volume (30D)
NOBL 1.08M sh, better
REGL 57.3K sh
NAV per share
NOBL $59.15
REGL $91.90
52W range

ETF.net Grade

NOBL: Cost 65, Risk 41, Mission 88, Tradability 87, Holdings 67, Durability 69. REGL: Cost 41, Risk 30, Mission 86, Tradability 63, Holdings 64, Durability 56.
Pillar letters and Scores for NOBL, REGL, with each pillar’s weight
PillarNOBLREGL
Cost30% weightB65HigherC41
Mission25% weightA88HigherA86
Risk15% weightC41HigherD30
Tradability15% weightA87HigherB63
Holdings10% weightB67HigherB64
Durability5% weightB69HigherB56

Rank among Dividend Aristocrats funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NOBL and REGL 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 REGL 3rd of 7 funds in the Dividend Aristocrats Category.

  1. Rank 1ASDYState Street SPDR S&P Dividend ETFScore 75
  2. Rank 2ANOBLProShares S&P 500 Dividend Aristocrats ETFScore 70
  3. Rank 3BREGLProShares S&P MidCap 400 Dividend Aristocrats ETFScore 57
  4. Rank 3BWDIVState Street SPDR S&P Global Dividend ETFScore 57

Our read on each fund

ETF.net Research

NOBLAProShares S&P 500 Dividend Aristocrats ETF

REGLBProShares S&P MidCap 400 Dividend Aristocrats ETF

In short

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.

REGL The Dividend Aristocrats formula, one size down. REGL screens the S&P MidCap 400 for companies that have raised their dividend at least 15 straight years, landing on a compact roster of about 60 mid-cap payers.

Stated mandate

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

REGL REGL seeks pre-fee and pre-expense investment results that track the S&P MidCap 400 Dividend Aristocrats Index.

Why people hold it

  • 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.
  • REGL The 15-year raise streak is a quality filter in disguise: a company needs a decade and a half of intact cash flow to get in, and it drops out when the streak breaks.proshares.comyahoo.com
  • Mid-cap dividend growth is a thin shelf. Running since 2015 and now a multi-billion-dollar fund, this is the established wrapper for the idea, not a lightly used experiment.proshares.com
  • It sticks close to its index, so the methodology on paper is what actually shows up in the portfolio. No manager discretion to second-guess.
  • Cash comes back quarterly, in step with the payout rhythm of the companies inside.

Worth knowing

  • 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.
  • REGL 0.40% is dead-on the median for aristocrat-style funds, but broad dividend index products price near 0.05% (SPDG). The mid-cap screen is what the extra buys.
  • About 60 names is a narrow roster carved out of a 400-stock universe, so individual companies and sector tilts carry real weight here.
  • Trading is moderate rather than heavy, which matters more on size than on a small order.

Full NOBL profile⁠

Full REGL profile⁠

NOBL vs REGL Holdings

How NOBL and REGL differ

Overlap by weight

0.2%

Shared holdings make up 0.5% of NOBL and 0.2% of REGL.

Level by level

  • Holdings0 in both0.2%
  • Sector10 Sectors66.0%
  • Countryby domicile97.0%
  • Asset classEquity100%

Sector

Sector weights in NOBL and REGL, widest gap first
SectorMore in NOBLMore in REGL
Consumer StaplesNOBL +19.6 points
FinancialsREGL +17.8 points
UtilitiesREGL +8.2 points
Health CareNOBL +6.1 points
Consumer DiscretionaryREGL +4.4 points
IndustrialsNOBL +4.0 points
Real EstateREGL +3.5 points
TechnologyNOBL +3.5 points
EnergyNOBL +0.4 points
MaterialsNOBL +0.3 points

Country, concentration and asset class

Country by domicile

Country weights in NOBL and REGL, widest gap first
CountryMore in NOBLMore in REGL
United StatesREGL +3.0 points
United KingdomNOBL +1.5 points
SwitzerlandNOBL +1.5 points

Concentration

Weight in the 10 largest Holdings

  • NOBL16.6%
  • REGL16.8%

Securities held

  • NOBL68
  • REGL65

Asset class

NOBL
Equity
REGL
Equity

Holdings

  • Only in NOBL68
  • In both0
  • Only in REGL65

Only in NOBL

68 securities, 99.5% of NOBL by weight

  • Kimberly-Clark Corp2.59%
  • Pentair PLC1.77%
  • Roper Technologies Inc1.65%

Only in REGL

65 securities, 99.8% of REGL by weight

  • Ryder System Inc1.76%
  • Evercore Inc - A1.72%
  • Churchill Downs Inc1.71%

Weight gaps

NOBL and REGL share no securities.

All 71 NOBL holdings⁠All 67 REGL 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.

NOBL vs REGL Cost

Overpaying REGL vs NOBL

$964

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

  • NOBL 0.35%

    $7,126

  • REGL 0.40%

    $8,090

$10,000
30 years

Cost over time

  • NOBL 0.35%
  • REGL 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530REGL $8,090NOBL $7,126

Year by year

YearNOBLREGLOverpaying
10$634$723$89
20$2,454$2,793$339
30$7,126$8,090$964

Expense ratio

  • 0.35%NOBL, cheaper
  • 0.40%REGL
  • Middle half of Dividend Aristocrats funds
  • Median 0.40%

NOBL 2nd cheapest of 7 funds

REGL 4th cheapest of 7 funds

NOBL vs REGL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NOBL 1.98%
REGL 2.16%, better
Payout (12M)
NOBL $1.17
REGL $1.99
Last payment
NOBL $0.28
REGL $0.40
Ex-dividend
NOBL Sep 23, 2026
REGL Sep 23, 2026
Paid on
NOBL Sep 29, 2026
REGL Sep 29, 2026
Frequency
NOBL Quarterly
REGL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NOBLQuarterly · 39 paymentsAll NOBL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.10; Jun 21, 2017 $0.11; Sep 27, 2017 $0.17; Dec 26, 2017 $0.19; Mar 21, 2018 $0.12; Jun 20, 2018 $0.21; Sep 26, 2018 $0.17; Dec 26, 2018 $0.21; Mar 20, 2019 $0.12; Jun 25, 2019 $0.19; Sep 25, 2019 $0.18; Dec 24, 2019 $0.22; Mar 25, 2020 $0.17; Jun 24, 2020 $0.21; Sep 23, 2020 $0.21; Dec 23, 2020 $0.27; Mar 23, 2021 $0.19; Jun 22, 2021 $0.22; Sep 22, 2021 $0.21; Dec 23, 2021 $0.32; Mar 23, 2022 $0.18; Jun 22, 2022 $0.19; Sep 21, 2022 $0.20; Dec 22, 2022 $0.30; Mar 22, 2023 $0.18; Jun 21, 2023 $0.23; Sep 20, 2023 $0.26; Dec 20, 2023 $0.33; Mar 20, 2024 $0.19; Jun 26, 2024 $0.28; Sep 25, 2024 $0.26; Dec 23, 2024 $0.29; Mar 26, 2025 $0.23; Jun 25, 2025 $0.28; Sep 24, 2025 $0.27; Dec 24, 2025 $0.33; Mar 25, 2026 $0.26; Jun 24, 2026 $0.30; Sep 23, 2026 $0.28. Use the arrow keys to read each point.$0$0.502017202020232026YTD
REGLQuarterly · 39 paymentsAll REGL payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.18; Jun 21, 2017 $0.22; Sep 27, 2017 $0.22; Dec 26, 2017 $0.27; Mar 21, 2018 $0.26; Jun 20, 2018 $0.24; Sep 26, 2018 $0.32; Dec 26, 2018 $0.27; Mar 20, 2019 $0.18; Jun 25, 2019 $0.32; Sep 25, 2019 $0.33; Dec 24, 2019 $0.35; Mar 25, 2020 $0.39; Jun 24, 2020 $0.30; Sep 23, 2020 $0.30; Dec 23, 2020 $0.51; Mar 23, 2021 $0.33; Jun 22, 2021 $0.49; Sep 22, 2021 $0.43; Dec 23, 2021 $0.59; Mar 23, 2022 $0.37; Jun 22, 2022 $0.37; Sep 21, 2022 $0.38; Dec 22, 2022 $0.55; Mar 22, 2023 $0.38; Jun 21, 2023 $0.34; Sep 20, 2023 $0.40; Dec 20, 2023 $0.64; Mar 20, 2024 $0.31; Jun 26, 2024 $0.53; Sep 25, 2024 $0.39; Dec 23, 2024 $0.61; Mar 26, 2025 $0.52; Jun 25, 2025 $0.38; Sep 24, 2025 $0.44; Dec 24, 2025 $0.61; Mar 25, 2026 $0.51; Jun 24, 2026 $0.46; Sep 23, 2026 $0.40. Use the arrow keys to read each point.$0$0.502017202020232026YTD

NOBL vs REGL Risk

Fall from peak · 5 years

  • NOBL
  • REGL
Oct 29, 2021 to Oct 30, 2026. Worst fall: NOBL −17.9% · Sep 2022. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
NOBL 13.5%, betterREGL 15.1%
Return per unit of riskSharpe ratio, 3 years
NOBL 0.70REGL 0.72, better
Worst fallMax drawdown, 5 years
NOBL −17.9%REGL −17.0%, better
Market sensitivityBeta, 5 years
NOBL 0.64REGL 0.64Same figure. Both funds show the same value, so neither comes out ahead.

NOBL and REGL in the news

All news⁠

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