Josh Kohn-Lindquist, The Motley Fool
Sun, March 15, 2026 astatine 4:38 PM CDT 4 min read
The cardinal differences betwixt ProShares S&P 500 Dividend Aristocrats® ETF (NYSEMKT:NOBL) and Fidelity High Dividend ETF (NYSEMKT:FDVV) travel down to cost, yield, caller performance, and assemblage exposure. FDVV offers little fees, a higher payout, and much tech exposure, portion NOBL sticks to equal-weighted Dividend Aristocrats® with a antiaircraft tilt.
NOBL and FDVV some people dividend-focused U.S. stocks, but their approaches and results diverge. NOBL tracks a strict database of S&P 500 Dividend Aristocrats® with an equal-weighted, sector-capped methodology, portion FDVV selects for precocious dividend output with assemblage tilts. This examination breaks down however each ETF stacks up for cost, returns, risk, and portfolio constitution arsenic of March 2026.
| Issuer | ProShares | Fidelity |
| Expense ratio | 0.35% | 0.15% |
| 1-yr instrumentality (as of 2026-03-13) | 8.6% | 16.5% |
| Dividend yield | 1.94% | 2.77% |
| Beta | 0.76 | 0.80 |
| AUM | $12.01 billion | $8.86 billion |
Beta measures terms volatility comparative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr instrumentality represents full instrumentality implicit the trailing 12 months.
FDVV is much affordable, charging a 0.15% disbursal ratio compared to NOBL’s 0.35%. It besides offers a higher dividend output of 2.77%, outpacing NOBL’s 1.94%.
| Max drawdown (5 y) | -17.92% | -20.17% |
| Growth of $1,000 implicit 5 years | $1,396 | $1,858 |
FDVV holds 107 stocks and has been operating for 10 years. Its portfolio leans toward exertion (25%), fiscal services (17%), and user cyclical (16%) stocks, with apical holdings specified arsenic Nvidia, Apple, and Microsoft. The money aims for precocious comparative output utilizing assemblage tilts, which tin present much growth-oriented names alongside dividend payers.
NOBL, by contrast, invests successful 70 S&P 500 companies with astatine slightest 25 consecutive years of dividend growth, capping assemblage weights astatine 30%. Its largest allocations are successful user antiaircraft (25%), industrials (20%), and fiscal services (12%), featuring Target, Johnson & Johnson, and Chevron, among its apical holdings. NOBL’s equal-weighted, rules-based attack keeps it much antiaircraft and little concentrated successful maturation stocks.
For much guidance connected ETF investing, cheque retired the afloat usher astatine this link.
Over the past decade, the S&P 500 has delivered full returns of 14.4% annually, outpacing FDVV’s 12.7% clip and NOBL’s 9.8%. Despite this “underperformance” (in quotations due to the fact that the dividend ETF’s results are really successful line, if not above, the semipermanent humanities returns of the market), FDVV and NOBL are some charismatic ETFs for dividend investors successful their ain ways.

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