ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
Market Price (5/21/2026): $106.7
ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
Market Price (5/21/2026): $106.7
Asset Allocation with NOBL
Valuation & Yield
| 5/21/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Share Price CYE | $106.64 | $104.07 | $97.41 | $91.28 | $84.45 | $90.34 |
| Dividend/Share TTM | $1.76 | $2.23 | $2.05 | $1.99 | $1.74 | $1.86 |
Valuation [1] | ||||||
| P/S TTM | 1.78 | 1.82 | 1.91 | 1.90 | 1.87 | 2.39 |
| P/E TTM | 22.53 | 24.07 | 23.32 | 22.83 | 21.24 | 24.65 |
Yields TTM | ||||||
| Earnings Yield | 4.44% | 4.15% | 4.29% | 4.38% | 4.71% | 4.06% |
| Dividend Yield | 1.65% | 2.14% | 2.10% | 2.18% | 2.07% | 2.06% |
| Total Yield (TY) | 6.09% | 6.29% | 6.39% | 6.56% | 6.77% | 6.12% |
Risk Premium [2] | ||||||
| Risk Free Rate (Rf) | 4.67% | 4.18% | 4.58% | 3.88% | 3.88% | 1.52% |
| Risk Prem. (TY - Rf) | 1.42% | 2.11% | 1.81% | 2.68% | 2.89% | 4.60% |
[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Top 20 Holdings for NOBL
Total Weights Top 5: 8.4% | Top 10: 16.3% | Top 20: 31.5%
| Ticker | Holding | Weight |
|---|---|---|
| BEN | Franklin Resources | 1.72% |
| ADM | Archer-Daniels-Midland | 1.70% |
| CAT | Caterpillar | 1.68% |
| WST | West Pharmaceutical Services | 1.68% |
| NUE | Nucor | 1.63% |
| KO | Coca-Cola | 1.58% |
| CL | Colgate-Palmolive | 1.58% |
| GD | General Dynamics | 1.57% |
| ESS | Essex Property Trust | 1.57% |
| GWW | W.W. Grainger | 1.56% |
| ADP | Automatic Data Processing | 1.55% |
| SJM | JM Smucker | 1.54% |
| NEE | NextEra Energy | 1.54% |
| FRT | Federal Realty Investment Trust | 1.53% |
| TROW | T. Rowe Price | 1.53% |
| ALB | Albemarle | 1.53% |
| SWK | Stanley Black & Decker | 1.52% |
| APD | Air Products and Chemicals | 1.52% |
| ES | Eversource Energy | 1.52% |
| EXPD | Expeditors International of Washington | 1.51% |
Performance for NOBL Top Holdings
| Ticker | Holding | Weight | Mkt Price5/20 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 100.00% | 106.64 | 0.2% | -2.2% | 2.5% | 6.7% | 23.9% | 28.4% | 141.2% |
| BEN | Franklin Resources | 1.72% | 31.20 | 1.3% | 12.5% | 32.5% | 48.8% | 49.9% | 19.0% | 43.5% |
| ADM | Archer-Daniels-Midland | 1.70% | 77.55 | -1.7% | 14.2% | 36.8% | 61.1% | 17.0% | 33.3% | 161.6% |
| CAT | Caterpillar | 1.68% | 872.56 | 1.4% | 9.3% | 53.0% | 152.4% | 325.1% | 302.2% | 1,467.2% |
| WST | West Pharmaceutical Services | 1.68% | 305.50 | 0.5% | 10.0% | 11.2% | 42.3% | -12.4% | -7.2% | 335.8% |
| NUE | Nucor | 1.63% | 225.67 | 1.8% | 11.6% | 38.8% | 99.2% | 70.0% | 138.4% | 506.0% |
| KO | Coca-Cola | 1.58% | 81.55 | -0.5% | 8.0% | 17.5% | 17.1% | 41.9% | 73.3% | 153.8% |
| CL | Colgate-Palmolive | 1.58% | 90.35 | 0.4% | 8.2% | 15.8% | 0.7% | 21.3% | 20.8% | 63.3% |
| GD | General Dynamics | 1.57% | 339.75 | -0.1% | 2.3% | 1.8% | 22.9% | 71.5% | 99.1% | 192.1% |
| ESS | Essex Property Trust | 1.57% | 275.03 | 0.9% | 6.4% | 7.3% | -0.5% | 47.0% | 14.2% | 71.9% |
| GWW | W.W. Grainger | 1.56% | 1,244.05 | -0.0% | 7.2% | 23.8% | 15.0% | 87.2% | 187.7% | 552.2% |
| ADP | Automatic Data Processing | 1.55% | 220.69 | 0.1% | 9.0% | -13.5% | -29.9% | 9.3% | 25.8% | 220.8% |
| SJM | JM Smucker | 1.54% | 100.48 | -2.5% | 5.7% | 4.9% | -8.9% | -25.8% | -11.3% | 9.3% |
| NEE | NextEra Energy | 1.54% | 88.27 | -2.0% | -4.1% | 10.7% | 22.2% | 29.4% | 35.0% | 281.9% |
| FRT | Federal Realty Investment Trust | 1.53% | 116.06 | 1.1% | 3.3% | 17.7% | 25.9% | 49.0% | 27.2% | 11.4% |
| TROW | T. Rowe Price | 1.53% | 101.83 | 0.1% | 3.8% | 0.9% | 10.5% | 10.3% | -33.5% | 96.4% |
| ALB | Albemarle | 1.53% | 170.21 | 0.7% | -12.6% | 20.6% | 192.0% | -12.8% | 13.2% | 155.1% |
| SWK | Stanley Black & Decker | 1.52% | 74.98 | 1.5% | -0.2% | 2.1% | 11.4% | 3.6% | -57.6% | -13.6% |
| APD | Air Products and Chemicals | 1.52% | 289.19 | -0.9% | -2.4% | 18.7% | 7.7% | 12.0% | 9.9% | 183.9% |
| ES | Eversource Energy | 1.52% | 69.05 | 0.3% | 2.0% | 4.9% | 10.2% | 8.3% | 0.2% | 79.7% |
| EXPD | Expeditors International of Washington | 1.51% | 158.42 | 0.5% | 6.1% | 6.3% | 37.8% | 43.3% | 37.4% | 271.0% |
Guidance Updates for NOBL Top Holdings
| Ticker | Company | Earnings Date | Guidance Metric | Midpoint Value | % Change | Guidance Change | |
|---|---|---|---|---|---|---|---|
| ALB_5062026 | ALB | Albemarle | 5/6/2026 | 2026 Specialties Net Sales | 1.40 Bil | 7.7% | RaisedRaised Prior Guidance of 1.30 Bil for 2026 |
| GWW_2032026 | GWW | W.W. Grainger | 2/3/2026 | 2026 Revenue | 18.90 Bil | 5.6% | RaisedRaised Prior Guidance of 17.90 Bil for 2025 |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NOBL Return | 25% | -7% | 8% | 7% | 7% | 2% | 48% |
| Peers Return | 27% | -5% | 13% | 17% | 15% | 9% | 100% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| NOBL Win Rate | 67% | 42% | 58% | 58% | 58% | 60% | |
| Peers Win Rate | 67% | 43% | 53% | 75% | 70% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| NOBL Max Drawdown | -6% | -18% | -13% | -8% | -13% | -9% | |
| Peers Max Drawdown | -5% | -18% | -10% | -6% | -14% | -7% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VIG, SCHD, VYM, DGRO, CGDV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 4302026.How Low Can It Go
| Event | NOBL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -10.7% | -18.8% |
| % Gain to Breakeven | 12.0% | 23.1% |
| Time to Breakeven | 38 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.7% | -9.5% |
| % Gain to Breakeven | 14.5% | 10.5% |
| Time to Breakeven | 95 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -17.0% | -24.5% |
| % Gain to Breakeven | 20.5% | 32.4% |
| Time to Breakeven | 286 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -35.0% | -33.7% |
| % Gain to Breakeven | 54.0% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -13.7% | -19.2% |
| % Gain to Breakeven | 15.9% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
In The Past
ProShares S&P 500 Dividend Aristocrats ETF's stock fell -10.7% during the 2025 US Tariff Shock. Such a loss loss requires a 12.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | NOBL | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -35.0% | -33.7% |
| % Gain to Breakeven | 54.0% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
In The Past
ProShares S&P 500 Dividend Aristocrats ETF's stock fell -10.7% during the 2025 US Tariff Shock. Such a loss loss requires a 12.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -6.5% | 106.64 | 5202026 | 114.03 | 3012026 | 80 |
| ARKK | ARK Innovation ETF | -8.9% | 75.84 | 5202026 | 83.21 | 1132026 | 127 |
| URA | Global X Uranium ETF | -22.3% | 48.04 | 5202026 | 61.81 | 1282026 | 112 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -5.7% | 39.25 | 5202026 | 41.63 | 5132026 | 7 |
| LIT | Global X Lithium & Battery Tech ETF | -8.9% | 83.49 | 5202026 | 91.62 | 5112026 | 9 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5202026 | 36.67 | 2252026 | 84 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.9% | 51.66 | 5202026 | 56.11 | 1062026 | 134 |
| XLV | State Street Health Care Select Sector SPDR ETF | -7.8% | 147.13 | 5202026 | 159.54 | 3012026 | 80 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -5.1% | 117.94 | 5202026 | 124.27 | 1122026 | 128 |
| XLU | State Street Utilities Select Sector SPDR ETF | -6.1% | 44.51 | 5202026 | 47.40 | 3012026 | 80 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.9% | 49.72 | 5202026 | 53.38 | 2112026 | 98 |
| IBB | iShares Biotechnology ETF | -5.4% | 167.91 | 5202026 | 177.51 | 1222026 | 118 |
| XBI | State Street SPDR S&P Biotech ETF | -5.0% | 131.71 | 5202026 | 138.67 | 4192026 | 31 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.8% | 223.28 | 5202026 | 250.42 | 3022026 | 79 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -7.1% | 174.73 | 5202026 | 188.18 | 3292026 | 52 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.9% | 83.91 | 5202026 | 90.16 | 3012026 | 80 |
| VGLT | Vanguard Long-Term Treasury ETF | -6.1% | 53.73 | 5202026 | 57.20 | 3012026 | 80 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.4% | 25.52 | 5202026 | 27.28 | 3012026 | 80 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.9% | 98.09 | 5202026 | 104.25 | 3012026 | 80 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.7% | 61.68 | 5202026 | 68.33 | 3012026 | 80 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5202026 | 31.85 | 3182026 | 63 |
| GLD | SPDR Gold Trust | -15.8% | 417.40 | 5202026 | 495.90 | 1292026 | 111 |
| IAU | iShares Gold Trust | -15.8% | 85.53 | 5202026 | 101.57 | 1292026 | 111 |
| GLDM | SPDR Gold MiniShares Trust | -15.7% | 89.96 | 5202026 | 106.77 | 1292026 | 111 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5202026 | 51.41 | 1292026 | 111 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5202026 | 53.16 | 1292026 | 111 |
| SLV | iShares Silver Trust | -34.9% | 68.73 | 5202026 | 105.60 | 1282026 | 112 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5202026 | 110.87 | 1282026 | 112 |
| PPLT | ETFS Physical Platinum Shares | -29.3% | 17.84 | 5202026 | 25.23 | 1252026 | 115 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5202026 | 38.71 | 1292026 | 111 |
| PALL | ETFS Physical Palladium Shares | -32.7% | 25.01 | 5202026 | 37.18 | 1282026 | 112 |
| USO | United States Oil Fund LP | -5.7% | 144.27 | 5202026 | 152.96 | 5192026 | 1 |
| UNG | United States Natural Gas Fund LP | -32.0% | 11.49 | 5202026 | 16.90 | 2012026 | 108 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5202026 | 60.13 | 5042026 | 16 |
| IBIT | iShares Bitcoin Trust ETF | -20.7% | 43.99 | 5202026 | 55.44 | 1142026 | 126 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -20.6% | 67.57 | 5202026 | 85.12 | 1142026 | 126 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5202026 | 76.31 | 1142026 | 126 |
| ETHA | iShares Ethereum Trust ETF | -36.9% | 16.14 | 5202026 | 25.59 | 1142026 | 126 |
About NOBL
| Holdings Count: 70Expense Ratio: 0.35%Inception Date: 2013-10-09 | ProShares - S&P 500 Dividend Aristocrats ETFThe fund will invest at least 80% of its total assets in component securities of the index. The index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the index weight. It seeks to remain fully invested at all times in securities and/or financial instruments that, in combination, provide exposure to the returns of the index without regard to market conditions, trends or direction.Asset Class: Equity | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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