ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
$57.15+0.51%close of Oct 16, 2026
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund (ETF) run by ProShares. This fund owns S&P 500 companies that have raised their dividends every year for at least 25 years. It charges 0.35% a year. From October 2013 to October 2026 it returned about 10.5% a year, and its worst drop was −35.4%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.35%
- about $35 on $10,000
- 1-year return
- 15.1%
- to Oct 16, 2026
- Return per year
- 10.5%
- since October 2013
- Worst drop
- −35.4%
- since 2013
- Below its high
- −2.8%
- now
- Volatility
- 15.8%
- yearly swings
- Issuer
- ProShares
- Tracks
- S&P 500 Dividend Aristocrats Index
- Started trading
- October 9, 2013
- Type
- US stocks, ETF
- Holdings
- 71 holdings as of August 31, 2026
- Expense ratio
- 0.35% a year
How has NOBL done since 2013?#
From October 2013 to October 2026, NOBL returned about 10.5% a year. The S&P 500 returned about 14.2% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $36,658 at the end, with every dividend reinvested.
| Period | NOBL | S&P 500 (SPY) |
|---|---|---|
| 1 month | 2.9% | 1.5% |
| 3 months | 0.2% | 1.9% |
| 6 months | 7.2% | 9.3% |
| Year to date | 11.5% | 12.8% |
| 1 year | 15.1% | 16.8% |
| 3 years per year | 11.4% | 22.0% |
| 5 years per year | 6.7% | 12.8% |
| 10 years per year | 10.4% | 15.4% |
| Since 2013 per year | 10.5% | 14.2% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
NOBL returns by month and year#
NOBL rose in 101 of its 157 months (64%). Its best month was November 2020, at 12.0%. Its worst was March 2020, at −13.7%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.5% | 5.7 | 4.2 | −7.0 | 2.3 | −1.0 | 5.2 | 1.6 | 1.4 | −6.0 | 5.6 | ||
| 2025 | 6.8% | 2.8 | 1.7 | −1.3 | −3.9 | 2.2 | 0.9 | 1.1 | 3.0 | −1.1 | −1.4 | 3.5 | −0.4 |
| 2024 | 6.7% | −0.5 | 2.7 | 4.6 | −4.7 | 1.5 | −1.4 | 5.2 | 3.7 | 2.4 | −3.1 | 4.9 | −7.7 |
| 2023 | 8.1% | 3.2 | −2.4 | 1.0 | 2.1 | −5.9 | 8.1 | 2.6 | −2.3 | −5.7 | −3.5 | 6.6 | 5.2 |
| 2022 | −6.5% | −4.1 | −2.6 | 3.9 | −3.4 | 0.3 | −6.7 | 6.6 | −2.8 | −9.1 | 10.3 | 7.1 | −4.1 |
| 2021 | 25.5% | −2.0 | 2.9 | 7.6 | 4.4 | 2.5 | −1.3 | 2.1 | 1.9 | −5.7 | 6.0 | −1.8 | 7.3 |
| 2020 | 8.3% | −2.6 | −8.6 | −13.7 | 10.3 | 5.2 | 1.3 | 5.1 | 4.1 | −1.5 | −1.9 | 12.0 | 1.5 |
| 2019 | 27.4% | 5.4 | 4.7 | 1.9 | 1.7 | −5.5 | 7.1 | 0.9 | −0.6 | 3.4 | 1.2 | 3.1 | 1.8 |
| 2018 | −3.3% | 3.6 | −4.9 | −0.9 | −1.0 | 1.0 | 0.9 | 4.9 | 1.8 | 0.9 | −5.5 | 4.8 | −7.9 |
| 2017 | 21.0% | 0.7 | 3.7 | 0.2 | 1.5 | 0.8 | 0.9 | 1.1 | −0.6 | 3.0 | 1.4 | 4.6 | 2.1 |
| 2016 | 11.7% | −2.2 | 1.9 | 6.9 | 0.8 | 0.8 | 2.9 | 2.3 | −0.5 | −1.3 | −4.6 | 3.5 | 1.3 |
| 2015 | 0.4% | −2.7 | 4.7 | −1.1 | −1.0 | 1.3 | −1.8 | 2.5 | −5.0 | −2.4 | 7.3 | 0.2 | −0.8 |
| 2014 | 15.6% | −4.6 | 4.7 | 1.1 | 1.1 | 1.7 | 1.4 | −2.7 | 3.9 | −0.1 | 4.3 | 4.0 | 0.1 |
| 2013 | 8.6% | 4.7 | 1.7 | 2.1 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is NOBL compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 0.63. When the S&P 500 moved 1% in a day, NOBL tended to move about 0.63%.
- Correlation 0.75. NOBL moved with the S&P 500 some of the time.
- Up and down months. In months the S&P 500 rose, NOBL rose 76% as much on average. In months it fell, NOBL fell 91% as much.
| Measure | NOBL | S&P 500 (SPY) |
|---|---|---|
| Return per year | 6.8% | 12.8% |
| Volatility | 14.4% | 17.1% |
| Worst drop | −17.9% | −24.5% |
| Sharpe ratio | 0.53 | 0.79 |
| Sortino ratio | 0.76 | 1.15 |
| Calmar ratio | 0.38 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is NOBL above its 200-day average?#
NOBL closed 4.2% above its 200-day average on October 16, 2026. A rule that holds NOBL only above that average would hold it today.
- vs 200-day average
- +4.2%
- above it
- 50-day vs 200-day
- +3.0%
- trend rising
- vs 52-week high
- −2.8%
- high of $58.77
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for NOBL and backtest it in a minute.
What was NOBL’s worst drop?#
A drawdown is how far a fund falls from its last high point. NOBL’s worst fall was −35.4%, from January 17, 2020 to March 23, 2020. It got back to that high on October 8, 2020. On October 16, 2026 it was 2.8% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −35.4% | Jan 17, 2020 | Mar 23, 20202 months | Oct 8, 20207 months |
| −17.9% | Jan 4, 2022 | Sep 30, 20229 months | Jul 20, 202310 months |
| −15.4% | Nov 29, 2024 | Apr 8, 20254 months | Jan 6, 20269 months |
| −15.3% | Sep 21, 2018 | Dec 24, 20183 months | Mar 28, 20193 months |
| −12.9% | Jul 26, 2023 | Oct 27, 20233 months | Feb 22, 20244 months |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does NOBL hold?#
This fund owns S&P 500 companies that have raised their dividends every year for at least 25 years. Each company gets about the same weight. It still goes up and down with the stock market.
It tracks the S&P 500 Dividend Aristocrats Index. It had 71 holdings as of August 31, 2026, according to ProShares.
What is the NOBL expense ratio?#
NOBL charges 0.35% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.35% fee comes to about $35 a year. Of the 162 ETFs on Tactfolio, 19% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold NOBL?#
No classic strategy holds NOBL yet. You can add it to your own rules in the builder and see how they would have done.
How does NOBL compare with similar ETFs?#
Funds that can stand in for NOBL:
- VIG: Vanguard Dividend Appreciation ETF, 0.04% a year
- DGRO: iShares Core Dividend Growth ETF, 0.08% a year
- DGRW: WisdomTree U.S. Quality Dividend Growth Fund, 0.28% a year
- VYM: Vanguard High Dividend Yield ETF, 0.04% a year
See all 8 NOBL alternatives, compared on the same dates as NOBL.
Test NOBL in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add NOBL, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for NOBL and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from ProShares. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of NOBL?#
NOBL charges 0.35% a year, according to ProShares as of October 17, 2026. That is about $35 a year for every $10,000 you hold.
When did NOBL start trading?#
NOBL started trading on October 9, 2013. It is run by ProShares.
What does NOBL track?#
NOBL tracks the S&P 500 Dividend Aristocrats Index. This fund owns S&P 500 companies that have raised their dividends every year for at least 25 years.
How much has NOBL returned per year?#
From October 2013 to October 2026, NOBL returned about 10.5% a year with dividends reinvested. Its worst drop was −35.4%. Past returns do not tell you what it will do next.
Is NOBL above its 200-day moving average?#
On October 16, 2026, NOBL closed 4.2% above its 200-day moving average. This page updates after each US market close.
Which strategies use NOBL?#
None of Tactfolio’s classic strategies hold NOBL yet. You can test it in your own rules in the builder.