ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is a passively managed exchange-traded fund (ETF) that seeks to track the investment results of the S&P 500 Dividend Aristocrats Index. The index is a benchmark for high-quality, dividend-paying companies that have consistently increased their dividends over the past 25 consecutive years. These companies are considered to be financially solid and stable, and they may offer the potential for both capital appreciation and income.
The NOBL ETF was launched on October 9, 2013, with an expense ratio of 0.35% and is managed by ProShares. The fund might be suitable for investors looking for a low-cost way to gain exposure to a portfolio of high-quality, dividend-paying companies or who intend to generate constant money flow through distributions.
ETF Info
| ISIN | US74348A4673 |
|---|---|
| CUSIP | 74348A467 |
| Issuer | ProShares |
| Inception Date | Oct 9, 2013 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities, Dividend |
| Index Tracked | S&P 500 Dividend Aristocrats Index |
| ETF Home Page | www.proshares.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
The ProShares S&P 500 Dividend Aristocrats ETF has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in ProShares S&P 500 Dividend Aristocrats ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
ProShares S&P 500 Dividend Aristocrats ETF had a return of -0.15% year-to-date (YTD) and 11.75% in the last 12 months. Over the past 10 years, ProShares S&P 500 Dividend Aristocrats ETF had an annualized return of 10.34%, outperforming the S&P 500 benchmark which had an annualized return of 9.79%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -6.14% | -5.02% |
| 6 months | -1.91% | 4.35% |
| Year-To-Date | -0.15% | 11.68% |
| 1 year | 11.75% | 17.79% |
| 5 years (annualized) | 8.10% | 8.05% |
| 10 years (annualized) | 10.34% | 9.79% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -2.36% | 0.99% | 2.12% | -5.90% | 8.08% | 2.59% | -2.34% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 0.61 | ||||
^GSPC S&P 500 | 0.89 |
Dividend History
ProShares S&P 500 Dividend Aristocrats ETF granted a 2.19% dividend yield in the last twelve months. The annual payout for that period amounted to $1.94 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.94 | $1.74 | $1.86 | $1.71 | $1.43 | $1.44 | $1.11 | $1.15 | $1.00 | $0.80 | $0.13 |
Dividend yield | 2.19% | 1.97% | 1.96% | 2.26% | 2.05% | 2.62% | 1.97% | 2.46% | 2.38% | 1.92% | 0.37% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | ||||
| 2022 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.63 |
| 2020 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.53 |
| 2019 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.44 |
| 2018 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.42 |
| 2017 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.37 |
| 2016 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.42 |
| 2015 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 |
| 2014 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 |
| 2013 | $0.13 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the ProShares S&P 500 Dividend Aristocrats ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the ProShares S&P 500 Dividend Aristocrats ETF is 35.44%, recorded on Mar 23, 2020. It took 139 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.44% | Jan 21, 2020 | 44 | Mar 23, 2020 | 139 | Oct 8, 2020 | 183 |
| -17.92% | Jan 5, 2022 | 186 | Sep 30, 2022 | 200 | Jul 20, 2023 | 386 |
| -15.27% | Sep 24, 2018 | 64 | Dec 24, 2018 | 64 | Mar 28, 2019 | 128 |
| -10.39% | Jan 29, 2018 | 67 | May 3, 2018 | 91 | Sep 12, 2018 | 158 |
| -9.84% | Aug 18, 2015 | 6 | Aug 25, 2015 | 131 | Mar 3, 2016 | 137 |
Volatility Chart
The current ProShares S&P 500 Dividend Aristocrats ETF volatility is 3.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIG | Apr 21, 2006 | 0.06% | 3.9% | 10.5% | 2.0% | -46.8% | 0.9 | 1.8 | 1.2 | 2.0 | 2.7% |