Data as of Oct 28, 2026.
FDL vs NOBL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDL returned +26.0% to NOBL's +15.5%; 12% of their weight is in the same names.
askIQ about this page
askIQ about FDL and NOBL
Net assets: $8.2bn on Oct 27, 2026 for First Trust Morningstar ETF, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.
Pair scorecard
NOBL costs 0.08 points a year less; their one-year returns differ by 10.5 points; NOBL is 1.4 times larger.
| Measure | FDL | NOBL |
|---|---|---|
| Return | ||
| Total return, 1 year | +26.0% | +15.5% |
| Benchmark | ||
| What it tracks | Morningstar Dividend Leaders Index | S&P 500 Dividend Aristocrats Index |
| Cost and size | ||
| Expense ratio | 0.43% | 0.35% |
| Net assets, as of Oct 27, 2026 | $8.2bn | $11.7bn |
| Holdings | ||
| Holdings in common | 12% | |
| Top ten holdings, share of the fund | 50.6% | 17.0% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 18, 2013 to Oct 23, 2026 · 679 weekly returnsFDL returned more: +316.9% to +264.8%. NOBL swung slightly less: 15.4% to 15.9%. NOBL fell less at its worst: −31.7% to −38.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDL | NOBL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +316.9% | +264.8% | FDL | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +10.4% | FDL (slight) | Total return as a yearly rate. |
| Price return | +147.0% | +179.1% | NOBL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 15.4% | NOBL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.3% | 10.8% | NOBL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.0% | −31.7% | NOBL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.65 | 0.59 | FDL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.91 | 0.84 | FDL (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.30 | 0.33 | NOBL (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 679 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDL and NOBL hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
12% in common
Only in one fund ↓
Side by side
FDL and NOBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDL and NOBL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FDL follows Morningstar Dividend Leaders Index and NOBL follows S&P 500 Dividend Aristocrats Index.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDL returned +26.0% and NOBL +15.5% with distributions reinvested, a gap of 10.5 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
FDL
FDL tracks an index. Over the year to Oct 28, 2026 it returned +26.0% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.6%.
NOBL
NOBL tracks the S&P 500 Dividend Aristocrats. Over the year to Oct 28, 2026 it returned +15.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 17.0%.
Questions people ask
- Which returned more over the last year, FDL or NOBL?
- In the year to Oct 28, 2026, with distributions reinvested, FDL returned +26.0% and NOBL +15.5%.
- Which is cheaper, FDL or NOBL?
- NOBL is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FDL against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdl-vs-nobl
ETFIQ. (Oct 28, 2026). FDL against NOBL. Retrieved from https://etfiq.com/compare/any/fdl-vs-nobl
[FDL against NOBL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdl-vs-nobl)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.