Data as of Oct 28, 2026.

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HDV vs NOBL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, HDV returned +29.4% to NOBL's +15.5%; 19% of their weight is in the same names.

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Net assets: $15.9bn on Oct 27, 2026 for iShares Core High Dividend ETF, and $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF.

At a glance
+29.4%
HDV total return, 1 year
+15.5%
NOBL total return, 1 year
0.08%
HDV expense ratio
0.35%
NOBL expense ratio

Pair scorecard

HDV costs 0.27 points a year less; their one-year returns differ by 13.9 points; HDV is 1.4 times larger.

HDV vs NOBL: Differences, Returns & Fees
MeasureHDVNOBL
Return
Total return, 1 year+29.4%+15.5%
Benchmark
What it tracksMorningstar Dividend Yield Focus IndexS&P 500 Dividend Aristocrats Index
Cost and size
Expense ratio0.08%0.35%
Net assets, as of Oct 27, 2026$15.9bn$11.7bn
Holdings
Holdings in common19%
Top ten holdings, share of the fund55.6%17.0%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns
HDV NOBL
Return
Total return edge NOBL (slight) +255.2% +264.8%
Annualized edge NOBL (slight) +10.2% +10.4%
Price return edge NOBL +122.3% +179.1%
Risk
Volatility edge HDV (slight) 14.4% 15.4%
Max drawdown edge NOBL (slight) −33.4% −31.7%
Risk-adjusted
Sharpe edge HDV (slight) 0.61 0.59
Sortino edge Tie 0.85 0.84
Calmar edge NOBL (slight) 0.31 0.33
Reading

NOBL returned slightly more: +264.8% to +255.2%. HDV swung slightly less: 14.4% to 15.4%. NOBL fell slightly less at its worst: −31.7% to −33.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: HDV vs NOBL: Differences, Returns & Fees
MeasureHDVNOBLEdgeHow it is measured
Return
Total return+255.2%+264.8%NOBL (slight)Price change plus distributions, reinvested.
Annualized+10.2%+10.4%NOBL (slight)Total return as a yearly rate.
Price return+122.3%+179.1%NOBLPrice change alone, distributions left out.
Risk
Volatility14.4%15.4%HDV (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation10.3%10.8%HDV (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−33.4%−31.7%NOBL (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.610.59HDV (slight)Return above Treasury bills per unit of volatility.
Sortino0.850.84TieReturn above Treasury bills per unit of downside deviation.
Calmar0.310.33NOBL (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

19%

By the books each fund has filed, HDV and NOBL hold 19% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

19% in common

Positions both hold · largest shared weight first HDV NOBL
CHEVRON 7.22% 1.66%
EXXONMOBIL HOLDINGS CORP 9.48% 1.63%
MEDTRONIC PLC 1.83% 1.61%
ABBVIE 6.77% 1.58%
COCA-COLA 4.26% 1.55%
PROCTER & GAMBLE 5.46% 1.50%
ABBOTT LABORATORIES 2.06% 1.44%
PEPSICO 3.89% 1.38%
MCDONALDS CORP 2.55% 1.33%
NEXTERA ENERGY 2.54% 1.29%
ILLINOIS TOOL INC 0.93% 1.41%
KIMBERLY CLARK 0.88% 1.40%
Only in one fund ↓
Only in HDV
VERIZON COMMUNICATIONS INC 5.12%
PHILIP MORRIS INTERNATIONAL 5.04%
HOME DEPOT 4.57%
ALTRIA GROUP INC 3.75%
AMGEN INC 2.78%
CONOCOPHILLIPS 2.21%
SOUTHERN 1.83%
BLACKSTONE 1.64%
Only in NOBL
ROPER TECHNOLOGIES INC 1.81%
BECTON DICKINSON AND CO 1.78%
FACTSET RESEARCH SYSTEMS INC 1.77%
INTL BUSINESS MACHINES CORP 1.70%
AUTOMATIC DATA PROCESSING 1.69%
EMERSON ELECTRIC CO 1.67%
ERIE INDEMNITY COMPANY-CL A 1.64%
NUCOR CORP 1.61%
Check overlap with more funds →

Side by side

HDV iShares Core High Dividend ETF NOBL ProShares S&P 500 Dividend Aristocrats ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of High Dividend Tracks the S&P 500 Dividend Aristocrats
Total return, 1 year +29.4% +15.5%
Expense ratio 0.08% 0.35%
Already in the S&P 500 89.5% 98.3%
Holdings 77 69
Net assets, HDV as of Oct 27, 2026 and NOBL as of Oct 28, 2026 $15.9bn $11.6bn

HDV and NOBL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-8CB4177FAB

HDV and NOBL do different jobs. What does each one do in a portfolio?

  1. What each follows. HDV follows Morningstar Dividend Yield Focus Index and NOBL follows S&P 500 Dividend Aristocrats Index.
  2. Holdings in common. 19% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 HDV returned +29.4% and NOBL +15.5% with distributions reinvested, a gap of 13.9 points.

Data as of Oct 28, 2026.

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About each fund
HDV

HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.

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, HDV or NOBL?
In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and NOBL +15.5%.
Which is cheaper, HDV or NOBL?
HDV is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do HDV and NOBL overlap with the S&P 500?
By their latest filed holdings, 90% of HDV and 98% of NOBL by weight is stocks the S&P 500 already holds.
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ETFIQ, HDV against NOBL, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-nobl

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