ProShares vs. iShares: Is NOBL or HDV the Better Dividend ETF for Investors?

Josh Kohn-Lindquist, The Motley Fool

Thu, July 9, 2026 astatine 6:54 AM CDT 4 min read

While some funds absorption connected income, the iShares Core High Dividend ETF (NYSEMKT:HDV) offers a little disbursal ratio and a higher output than the ProShares S&P 500 Dividend Aristocrats® ETF(NYSEMKT:NOBL). (The word Dividend Aristocrats® is simply a registered trademark of Standard & Poor's Financial Services LLC.)

Investors seeking accordant income often crook to dividend-focused funds for stableness and yield. While some of these exchange-traded funds people dividend payers, they utilize chiseled enactment criteria. This examination examines however the iShares offering compares with the fashionable Dividend Aristocrats® strategy from ProShares.

Snapshot (cost & size)

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. Dividend output is the trailing-12-month organisation yield.

The outgo of ownership differs importantly betwixt these 2 funds. The iShares Core High Dividend ETF is much affordable with an disbursal ratio of 0.08%, whereas the ProShares S&P 500 Dividend Aristocrats® ETF charges 0.35%. Furthermore, the iShares money presently offers a higher payout to its investors.

Performance & hazard examination

What's wrong

The iShares Core High Dividend ETF (HDV) targets 75 American companies that person been screened for fiscal wellness and precocious dividend yields. Its assemblage vulnerability is heavy weighted toward antiaircraft and value-oriented areas, including healthcare astatine 24% and vigor astatine 20%. Its largest positions see ExxonMobil astatine 7.12%, Abbvie astatine 6.57%, and Chevron astatine 5.40%. The money was launched successful 2011. iShares Core High Dividend ETF has paid $0.79 per stock implicit the trailing 12 months, which connected its caller ~$28.74 stock terms works retired to a 2.8% yield.

In contrast, the ProShares S&P 500 Dividend Aristocrats® ETF (NOBL) follows an equal-weighted scale of S&P 500 companies that person accrued dividends for astatine slightest 25 consecutive years. This "aristocrat" request leads to a antithetic assemblage mix, favoring industrials astatine 20% and fiscal services astatine 13%. It presently holds 70 stocks, and its largest positions see West Pharmaceutical Services astatine 1.81%, Abbvie astatine 1.73%, and Franklin Resources astatine 1.70%. The money was launched successful 2013. ProShares S&P 500 Dividend Aristocrats® ETF has paid $1.16 per stock implicit the trailing 12 months, which connected its caller ~$56.59 stock terms works retired to a 2.0% yield.