NOBL — ProShares S&P 500 Dividend Aristocrats ETF
Dividend Income Ranked #239 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
The ProShares S&P 500 Dividend Aristocrats ETF, trading under the ticker NOBL, operates within the Dividend Income category managed by issuer ProShares. With assets under management totaling $11.5 billion, the fund holds a price of $58.43 and offers a dividend yield of 2.07%. It carries an expense ratio of 0.35% and has received an ETFValuer grade of C, reflecting a score of 60.5 out of 100. In terms of broader market positioning, the fund ranks #239 among 458 tracked ETFs across all categories. This ranking places it within a specific segment of the 20 ETFs that ETFValuer tracks in the Dividend Income category. The substantial asset size and established yield suggest significant investor adoption relative to the fund's cost structure and overall category performance metrics.
Recent performance data shows a 1-day return of +1.67% and a 1-week gain of +3.75%, indicating short-term momentum. Over the past month, the fund posted a +3.80% return, which accelerated into an 8.78% gain over the three-month period. The six-month return stands at +7.79%, while year-to-date performance has reached +13.04%. Annual returns show a +14.11% gain over the last year, and the three-year return totals +29.42%. This trajectory demonstrates a pattern where short-term gains have contributed to stronger cumulative results over the longer three-year horizon. The data reflects a consistent upward trend across the measured timeframes without immediate signs of deceleration in the most recent periods.
The fund is classified with a Low volatility label and exhibits a beta of 0.60, suggesting price movements that are less sensitive to broader market fluctuations. A Sharpe ratio of 0.77 indicates the return generated per unit of risk taken is moderate relative to the risk-free rate. During market stress, the fund experienced a maximum drawdown of -15.36%, representing the largest peak-to-trough decline recorded. This combination of a low beta and moderate Sharpe ratio implies the fund may offer some downside protection while still participating in market gains. The maximum drawdown figure provides a specific historical benchmark for the potential magnitude of losses an investor might face during adverse conditions.
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. |
| 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. |
| FMAT | Fidelity MSCI Materials Index ETF | 1 | 1.8% | Nucor Corp. |
| SKYY | First Trust Cloud Computing ETF | 1 | 1.7% | International Business Machines 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 2.07%. 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.
NOBL Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 9.04% 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 $11.5B 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 | +1.67% |
| 1-Week | +3.75% |
| 1-Month | +3.80% |
| 3-Month | +8.78% |
| 6-Month | +7.79% |
| YTD | +13.04% |
| 1-Year | +14.11% |
| 3-Year | +29.42% |
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 | +29.61% | 0.07% | $20.4B |
| #4 | B+ |
VYM | Vanguard High Dividend Yield Index Fund ETF Shares | +22.93% | 0.04% | $96.2B |
| #6 | B+ |
SCHD | Schwab U.S. Dividend Equity ETF | +28.60% | 0.06% | $95.7B |
| #8 | B+ |
HDV | iShares Core High Dividend ETF | +25.72% | 0.08% | $13.7B |
| #11 | B+ |
DGRO | iShares Core Dividend Growth ETF | +22.76% | 0.08% | $41.2B |
| #14 | B+ |
IDV | iShares International Select Dividend ETF | +27.66% | 0.5% | $8.03B |
| #18 | B+ |
FDL | First Trust Morningstar Dividend Leaders Index Fund | +25.80% | 0.43% | $7.29B |
| #23 | B+ |
SCHY | Schwab International Dividend Equity ETF | +24.69% | 0.08% | $2.31B |
| #27 | B+ |
VIG | Vanguard Dividend Appreciation Index Fund ETF Shares | +17.47% | 0.04% | $129B |
| #32 | B+ |
DVY | iShares Select Dividend ETF | +24.14% | 0.38% | $22.9B |
| #41 | B+ |
RDVY | First Trust Rising Dividend Achievers ETF | +27.21% | 0.47% | $24.5B |
| #70 | B |
SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | +20.03% | 0.07% | $7.37B |
| #123 | B |
DIVO | Amplify CWP Enhanced Dividend Income ETF | +16.48% | 0.56% | $7.19B |
| #133 | B |
SDY | State Street SPDR S&P Dividend ETF | +16.47% | 0.35% | $21.4B |
| #184 | C |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | +13.36% | 0.28% | $16.6B |
| #192 | C |
PEY | Invesco High Yield Equity Dividend Achievers ETF | +22.32% | 0.54% | $1.09B |
| #199 | C |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | +14.71% | 0.3% | $3.31B |
| #223 | C |
FVD | First Trust Value Line Dividend Index Fund | +13.80% | 0.62% | $8.04B |
| #239 | C |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | +14.11% | 0.35% | $11.5B |
| #248 | C |
VIGI | Vanguard International Dividend Appreciation Index Fund ETF Shares | +10.11% | 0.07% | $9.08B |