Fund Overview
The ProShares S&P 500 Dividend Aristocrats ETF, identified by the ticker symbol NOBL, operates within the Large Value category and is managed by the ProShares fund family. This specific investment vehicle oversees a substantial portfolio with total assets under management reaching $12.01 billion, a figure that indicates significant scale and broad popularity among market participants seeking exposure to established dividend payers. While specific holdings data is not disclosed in the available facts, the fund's structure is designed to capture companies with a history of increasing dividends, though the exact number of underlying securities remains N/A in this dataset. The fund charges an expense ratio of 0.3%, which represents a moderate cost structure relative to passive index funds, suggesting that investors must weigh the premium paid for active management or specific sector tilts against the fees incurred over time.
Performance Analysis
NOBL currently offers an annualized yield of 1.9%, providing a consistent stream of income that can be particularly relevant for investors prioritizing regular cash distributions alongside capital appreciation. For the current year-to-date period, the fund has recorded a return of 10.1%, reflecting performance that tracks with broader market movements during this specific timeframe. When examining longer-term consistency, the fund has generated a 3-year average return of 8.1% and a 5-year average return of 6.0%, figures that illustrate how the portfolio performs across different market cycles and economic conditions. A comparison between the short-term YTD return of 10.1% and the longer-term 5-year average of 6.0% suggests that recent performance has outpaced the historical five-year trend, potentially indicating a temporary market upswing or a rotation into value sectors. The expense ratio of 0.3% impacts net returns by reducing the gross gains generated by the portfolio, meaning that over extended periods, this fee structure will compound to lower the total percentage return compared to a hypothetical zero-fee alternative.
Price & Risk Profile
The trading price of NOBL fluctuates between a 52-week low of $89.76 and a 52-week high of $115.31, establishing a price range that defines the recent volatility experienced by the security. To determine the current market position within this range, one must compare the prevailing price against these extremes; however, without the specific current price listed in the facts, the analysis relies on the known bounds of $89.76 to $115.31 to gauge potential price swings. The beta value for this fund is listed as N/A, which prevents a direct quantitative comparison of its volatility relative to the broader market index in this specific data snapshot. Consequently, the overall risk profile is partially defined by the wide price spread between the high and low, suggesting that the fund has experienced notable price swings over the last year, while the lack of a beta metric limits the ability to precisely categorize its systematic risk relative to the S&P 500 without additional external data.