NOBL — ProShares S&P 500 Dividend Aristocrats ETF
Dividend Income Ranked #265 of 458 tracked ETFs · Issued by ProShares
NOBL Price Performance — Growth of $10,000
Value of a $10,000 investment in NOBL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
NOBL Drawdown
The "underwater" chart: NOBL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in NOBL?
See what a lump sum in NOBL would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
ProShares S&P 500 Dividend Aristocrats ETF, with the ticker NOBL, is a Dividend Income ETF. It is managed by ProShares, a well-established issuer in the ETF space. The ETF currently ranks #265 out of 458 tracked ETFs, indicating a modest position in the overall market. It carries an expense ratio of 0.35%, which is relatively low, and offers a dividend yield of 2.04%, providing a steady income stream for investors. The ETF's assets under management (AUM) stand at $11.7B, suggesting significant investor adoption and a substantial asset base, despite its ranking being in the middle of the pack. This combination of a moderate expense ratio, dividend yield, and substantial AUM indicates that the ETF is a popular choice for those seeking a low-cost, income-generating investment in the Dividend Aristocrats segment of the market.
The performance of NOBL has shown a mix of short-term and long-term gains. Over the past year, the ETF has delivered a return of 14.38%, which is notable given its ranking in the category. Over the past three years, the returns have been even more impressive at 33.64%, indicating a strong performance trajectory. However, the returns over the past six months at 4.45% and the past month at 4.41% are more modest, suggesting a deceleration in the growth rate. Additionally, the 1-day and 1-week returns of +0.55% and +0.39%, respectively, suggest that the ETF can be somewhat volatile on a daily basis, but the longer-term trends are more positive, reflecting a generally bullish market environment for this ETF.
The risk profile of NOBL is characterized by a low volatility label, a beta of 0.59, a Sharpe ratio of 0.79, and a maximum drawdown of -15.36%. The low volatility label and beta suggest that the ETF is less sensitive to market movements compared to the broader market, making it a potentially attractive option for risk-averse investors. The Sharpe ratio of 0.79 indicates that the ETF provides a reasonable risk-adjusted return, meaning that the returns per unit of risk are relatively high. The maximum drawdown of -15.36% reflects the largest peak-to-trough decline in the ETF's value, indicating that while the fund has experienced losses, they have not been extreme. Taken together, these figures imply that NOBL is a relatively stable investment with moderate risk, suitable for investors who are seeking a balance between income generation and capital preservation in a diversified portfolio.
AI-generated summary based on the data on this page.
NOBL Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Nucor Corp. | 1.76% | $195M |
| 2 | West Pharmaceutical Services, Inc. | 1.72% | $191M |
| 3 | International Business Machines Corp. | 1.71% | $189M |
| 4 | Archer-Daniels-Midland Co. | 1.67% | $185M |
| 5 | Franklin Resources, Inc. | 1.67% | $185M |
| 6 | Colgate-Palmolive Co. | 1.61% | $179M |
| 7 | Caterpillar, Inc. | 1.60% | $178M |
| 8 | Automatic Data Processing, Inc. | 1.60% | $177M |
| 9 | Hormel Foods Corp. | 1.60% | $177M |
| 10 | JM Smucker Co. (The) | 1.58% | $175M |
Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 16.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how NOBL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With NOBL
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with NOBL's top 10 — XLB overlaps most, holding 1 of the same companies as NOBL's top 10 (1.8% of NOBL's assets).
| ETF | Name | Shared Companies | NOBL Weight | Examples |
|---|---|---|---|---|
| XLB | State Street Materials Select Sector SPDR ETF | 1 | 1.8% | Nucor Corp. |
| VAW | Vanguard Materials Index Fund ETF Shares | 1 | 1.8% | Nucor Corp. |
| PAVE | Global X U.S. Infrastructure Development ETF | 1 | 1.8% | Nucor Corp. |
| XME | State Street SPDR S&P Metals & Mining ETF | 1 | 1.8% | Nucor Corp. |
| IYM | iShares U.S. Basic Materials ETF | 1 | 1.8% | Nucor Corp. |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.69% (as of 2026-08-20) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 16.01 (as of 2026-08-20) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What NOBL's Fees Cost You
NOBL charges an expense ratio of 0.35% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
NOBL Dividend Income Estimator
NOBL currently yields 2.04%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
See it in a portfolio
NOBL isn't one of the twelve funds in the portfolio game, but SCHD — Dividend Payers — sits in the same category and is. It is an equivalent, not a substitute: different holdings, different fee, different returns.
Free, no sign-up, virtual money only.
NOBL Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 1.02% and average daily volume is 1.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $11.7B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: NOBL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
NOBL Performance History
| Period | Return |
|---|---|
| 1-Day | +0.55% |
| 1-Week | +0.39% |
| 1-Month | +4.41% |
| 3-Month | +10.09% |
| 6-Month | +4.45% |
| YTD | +13.66% |
| 1-Year | +14.38% |
| 3-Year | +33.64% |
How NOBL Compares to Other Dividend Income ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #1 | A |
VYMI | Vanguard International High Dividend Yield Index Fund ETF Shares | +29.48% | 0.07% | $21.9B |
| #3 | B+ |
SCHD | Schwab U.S. Dividend Equity ETF | +32.31% | 0.06% | $104B |
| #10 | B+ |
VYM | Vanguard High Dividend Yield Index Fund ETF Shares | +22.88% | 0.04% | $99.2B |
| #11 | B+ |
HDV | iShares Core High Dividend ETF | +26.40% | 0.08% | $14.9B |
| #15 | B+ |
DGRO | iShares Core Dividend Growth ETF | +22.52% | 0.08% | $42.8B |
| #16 | B+ |
IDV | iShares International Select Dividend ETF | +29.39% | 0.5% | $8.45B |
| #31 | B+ |
FDL | First Trust Morningstar Dividend Leaders Index Fund | +26.09% | 0.43% | $7.77B |
| #51 | B+ |
VIG | Vanguard Dividend Appreciation Index Fund ETF Shares | +18.13% | 0.04% | $131B |
| #56 | B |
SCHY | Schwab International Dividend Equity ETF | +22.57% | 0.08% | $2.52B |
| #61 | B |
RDVY | First Trust Rising Dividend Achievers ETF | +27.80% | 0.47% | $24.9B |
| #71 | B |
DVY | iShares Select Dividend ETF | +21.95% | 0.38% | $23.5B |
| #109 | B |
DIVO | Amplify CWP Enhanced Dividend Income ETF | +19.83% | 0.56% | $7.58B |
| #149 | B |
SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | +19.53% | 0.07% | $8.69B |
| #202 | B |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | +15.77% | 0.28% | $16.7B |
| #220 | C |
SDY | State Street SPDR S&P Dividend ETF | +14.99% | 0.35% | $23.5B |
| #232 | C |
PEY | Invesco High Yield Equity Dividend Achievers ETF | +24.46% | 0.54% | $1.13B |
| #242 | C |
VIGI | Vanguard International Dividend Appreciation Index Fund ETF Shares | +12.03% | 0.07% | $9.44B |
| #251 | C |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | +13.76% | 0.3% | $4.04B |
| #265 | C |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | +14.38% | 0.35% | $11.7B |
| #279 | C |
FVD | First Trust Value Line Dividend Index Fund | +12.11% | 0.62% | $8.29B |