DVY vs NOBL
iShares Select Dividend ETF vs ProShares S&P 500 Dividend Aristocrats ETF
Last updated: 2026-04-02
iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund issued by ProShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.35%. The fund offers a moderate dividend yield of 2.14%. Launched in 2013, the fund has a 13-year track record.
Quick Verdict
NOBL has a slightly lower expense ratio (0.35% vs 0.38%), saving about $58 per $10,000 over 10 years. Over the past year, DVY has significantly outperformed with a 12.6% return vs 3.9%. Income investors may prefer DVY for its higher yield (3.5% vs 2.1%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
0 of top 10 holdings overlap (0% overlap in top holdings)
DVY Top Holdings
| Name | Weight |
|---|---|
| Pfizer Inc.PFE | 2.33% |
| Altria Group, Inc.MO | 2.17% |
| Verizon Communications Inc.VZ | 2.01% |
| ONEOK, Inc.OKE | 1.93% |
| Prudential Financial, Inc.PRU | 1.81% |
| T. Rowe Price Group, Inc.TROW | 1.75% |
| LyondellBasell Industries N.V.LYB | 1.70% |
| General Mills, Inc.GIS | 1.62% |
| Edison InternationalEIX | 1.60% |
| Kimberly-Clark CorporationKMB | 1.57% |
NOBL Top Holdings
| Name | Weight |
|---|---|
| Exxon Mobil CorporationXOM | 1.90% |
| Chevron CorporationCVX | 1.86% |
| Target CorporationTGT | 1.71% |
| Linde plcLIN | 1.69% |
| Johnson & JohnsonJNJ | 1.68% |
| NextEra Energy, Inc.NEE | 1.66% |
| Caterpillar Inc.CAT | 1.64% |
| Air Products and Chemicals, Inc.APD | 1.64% |
| Atmos Energy CorporationATO | 1.64% |
| Consolidated Edison, Inc.ED | 1.63% |
Which One Should You Choose?
Choose NOBL if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DVY if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose DVY if...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us dividend exposure. Both are solid options — pick whichever your brokerage offers commission-free.