- ISIN
- US74348A4673
- CUSIP
- 74348A467
- Issuer
- ProShares
- Inception Date
- Oct 9, 2013
- Region
- North America (U.S.)
- Category
- Dividend, S&P 500, Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Dividend Aristocrats Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $11B
Share Price Chart
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Performance
NOBL Performance Chart
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is up 6.9% since the beginning of the year. NOBL is currently trading at $55 per share. Investors who bought $1,000 worth of NOBL shares 5 years ago would now be looking at an investment worth $1,328.
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Returns By Period
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has returned 6.85% so far this year and 12.41% over the past 12 months. Over the last ten years, NOBL has returned 9.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.
ProShares S&P 500 Dividend Aristocrats ETF
- 1D
- 0.75%
- 1M
- 3.77%
- YTD
- 6.85%
- 6M
- 6.04%
- 1Y
- 12.41%
- 3Y*
- 8.70%
- 5Y*
- 5.83%
- 10Y*
- 9.89%
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
NOBL Monthly Returns History
Based on dividend-adjusted daily data since Oct 10, 2013, NOBL's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +12.0%, while the worst month was Mar 2020 at -13.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NOBL closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.67% | 4.20% | -7.04% | 2.25% | -1.00% | 3.11% | 6.85% | ||||||
| 2025 | 2.81% | 1.66% | -1.34% | -3.90% | 2.21% | 0.88% | 1.06% | 3.01% | -1.15% | -1.43% | 3.45% | -0.36% | 6.84% |
| 2024 | -0.47% | 2.72% | 4.60% | -4.69% | 1.45% | -1.40% | 5.15% | 3.69% | 2.36% | -3.10% | 4.85% | -7.69% | 6.72% |
| 2023 | 3.23% | -2.36% | 0.99% | 2.12% | -5.90% | 8.08% | 2.59% | -2.34% | -5.73% | -3.49% | 6.60% | 5.22% | 8.09% |
| 2022 | -4.08% | -2.59% | 3.85% | -3.42% | 0.31% | -6.73% | 6.56% | -2.78% | -9.15% | 10.31% | 7.12% | -4.12% | -6.52% |
| 2021 | -2.05% | 2.89% | 7.63% | 4.37% | 2.45% | -1.27% | 2.14% | 1.87% | -5.68% | 5.95% | -1.76% | 7.25% | 25.46% |
Benchmark Metrics
ProShares S&P 500 Dividend Aristocrats ETF has an annualized alpha of 0.53%, beta of 0.81, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since October 10, 2013.
- This ETF participated in 90.21% of S&P 500 Index downside but only 84.08% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.53%
- Beta
- 0.81
- R²
- 0.77
- Upside Capture
- 84.08%
- Downside Capture
- 90.21%
Expense Ratio
NOBL has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
NOBL ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.52 | -1.15 |
| Martin ratioReturn relative to average drawdown | 3.50 | 11.31 | -7.81 |
Dividends
Dividend History
ProShares S&P 500 Dividend Aristocrats ETF provided a 2.05% dividend yield over the last twelve months, with an annual payout of $1.14 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.11 | $1.02 | $1.00 | $0.87 | $0.93 | $0.85 | $0.72 | $0.72 | $0.56 | $0.57 | $0.50 |
Dividend yield | 2.05% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares S&P 500 Dividend Aristocrats ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.33 | $1.11 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.29 | $1.02 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.33 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.30 | $0.87 |
| 2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.32 | $0.93 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares S&P 500 Dividend Aristocrats ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares S&P 500 Dividend Aristocrats ETF was 35.43%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The current ProShares S&P 500 Dividend Aristocrats ETF drawdown is 2.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.43%Mar 2020 | 2mo 2d | 6mo 19d | 8mo 21dJan 2020 - Oct 2020 |
Bear market2022 | -17.92%Sep 2022 | 8mo 28d | 9mo 23d | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -15.36%Apr 2025 | 4mo 7d | 9mo 3d | 1y 1moDec 2024 - Jan 2026 |
Rate-hike selloffLate 2018 | -15.27%Dec 2018 | 3mo 1d | 3mo 4d | 6mo 5dSep 2018 - Mar 2019 |
2023 correction2023 | -12.92%Oct 2023 | 3mo 2d | 3mo 28d | 7moJul 2023 - Feb 2024 |
Drawdown Indicators
| NOBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -56.78% | +21.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.11% | -9.10% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -18.90% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -25.43% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -35.43% | -33.92% | -1.51% |
Current DrawdownCurrent decline from peak | -2.96% | -2.83% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -10.72% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.02% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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