I reiterate a 'Buy' rating on the ProShares S&P 500 Dividend Aristocrats ETF despite recent underperformance vs. the S&P 500. NOBL offers a high-quality, value-tilted portfolio of U.S. dividend growers, with a 2.1% yield and moderate 35bps expense ratio. Valuation stands at 18.4x P/E, about 2.5 points below the S&P 500, though the PEG ratio above 2 signals no deep-value opportunity.
The ProShares S&P 500 Dividend Aristocrat ETF (NOBL) underperformed SPY in March and is lagging again in April, with wide dispersion among individual Aristocrats. Dividend growth among Aristocrats remains modest in 2026, with a current average increase of 3.49%, up slightly from last month's 3.40%. 33 Dividend Aristocrats are identified as potentially undervalued, each offering an estimated long-term annualized return of at least 10%.
While the Trump tariff policies have given an unprecedented boost to US business and manufacturing in particular, there are both geopolitical and domestic question marks that can rock the markets in the near future, which retirees may find unpalatable.
The ProShares S&P 500 Dividend Aristocrats ETF has delivered average annual returns of 11% for the past 12 years. The fund holds only 69 stocks and is heavy on consumer staples, industrials, and financials.
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) made its debut on 10/09/2013, and is a smart beta exchange traded fund that provides broad exposure to the Style Box - Large Cap Value category of the market.
HDV charges a significantly lower expense ratio and offers a higher dividend yield than NOBL. HDV has posted stronger 1-year and 5-year total returns, with less severe drawdowns and lower beta.
Oil turmoil, inflation worries and market volatility are reviving interest in dividend growth ETFs that offer steady income and quality exposure.
After decades of hard work and diligent saving, you want to sleep well in your Golden Years.
Dividend Aristocrats underperformed the S&P 500 in 2025, with NOBL returning 6.82% versus SPY's 17.70%. 2026 began strong for Aristocrats, with NOBL gaining 5.67% in January, outpacing SPY's 1.47%. Dividend growth for Aristocrats averaged 5.52% in 2025, but early 2026 increases trend slightly lower, raising questions for the year's outlook.
Launched on 10/09/2013, the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Value category of the market.
The ETF universe continued to expand in 2025, with a growing number of high-income products incorporating options strategies to enhance payouts. However, for many investors and advisors, traditional ETFs that own dividend-paying stocks remain a core component of a well-rounded portfolio.
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is initiated at Hold, favored over some dividend peers but not top-ranked. NOBL offers strong diversification, equal-weighting, and low sector concentration, with a 0.35% fee and $11.1B AUM across 69 holdings. Recent performance lags the S&P 500 and key dividend ETF peers; NOBL returned 6.8% in 2025 versus SPY's 17.7%.