Data as of Oct 28, 2026.

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NOBL vs SCHD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NOBL returned +15.5% to SCHD's +34.5%; 15% of their weight is in the same names.

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Net assets: $11.6bn on Oct 28, 2026 for ProShares S&P 500 Dividend Aristocrats ETF, and $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF.

At a glance
+15.5%
NOBL total return, 1 year
+34.5%
SCHD total return, 1 year
0.35%
NOBL expense ratio
0.06%
SCHD expense ratio

Pair scorecard

SCHD costs 0.29 points a year less; their one-year returns differ by 19.0 points.

NOBL vs SCHD: Differences, Returns & Fees
MeasureNOBLSCHD
Return
Total return, 1 year+15.5%+34.5%
Benchmark
What it tracksS&P 500 Dividend Aristocrats IndexDow Jones U.S. Dividend 100 Index
Cost and size
Expense ratio0.35%0.06%
Net assets, NOBL as of Oct 28, 2026 and SCHD as of Aug 31, 2026$11.6bn$112.3bn
Holdings
Holdings in common15%
Top ten holdings, share of the fund17.0%41.7%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns
NOBL SCHD
Return
Total return edge SCHD +264.8% +365.9%
Annualized edge SCHD +10.4% +12.5%
Price return edge SCHD +179.1% +205.6%
Risk
Volatility edge Tie 15.4% 15.3%
Max drawdown edge Tie −31.7% −31.5%
Risk-adjusted
Sharpe edge SCHD 0.59 0.72
Sortino edge SCHD 0.84 1.02
Calmar edge SCHD 0.33 0.40
Reading

SCHD returned more: +365.9% to +264.8%. NOBL and SCHD swung about the same: 15.4% and 15.3%. NOBL and SCHD fell about the same at their worst: −31.7% and −31.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: NOBL vs SCHD: Differences, Returns & Fees
MeasureNOBLSCHDEdgeHow it is measured
Return
Total return+264.8%+365.9%SCHDPrice change plus distributions, reinvested.
Annualized+10.4%+12.5%SCHDTotal return as a yearly rate.
Price return+179.1%+205.6%SCHDPrice change alone, distributions left out.
Risk
Volatility15.4%15.3%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation10.8%10.8%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.7%−31.5%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.590.72SCHDReturn above Treasury bills per unit of volatility.
Sortino0.841.02SCHDReturn above Treasury bills per unit of downside deviation.
Calmar0.330.40SCHDAnnualized 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

15%

By the books each fund has filed, NOBL and SCHD hold 15% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

15% in common

Positions both hold · largest shared weight first NOBL SCHD
AUTOMATIC DATA PROCESSING 1.69% 2.78%
CHEVRON CORP 1.66% 4.01%
COCA-COLA CO 1.55% 4.16%
PROCTER & GAMBLE CO 1.50% 3.83%
TARGET CORP 1.50% 1.78%
ABBOTT LABORATORIES 1.44% 4.68%
PEPSICO INC 1.38% 3.64%
FASTENAL CO 1.59% 1.38%
ARCHER-DANIELS-MIDLAND CO 1.25% 0.95%
KIMBERLY-CLARK CORP 1.40% 0.87%
CINCINNATI FINANCIAL CORP 1.42% 0.64%
T ROWE PRICE GROUP INC 1.25% 0.58%
Only in one fund ↓
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%
EMERSON ELECTRIC CO 1.67%
EXXONMOBIL HOLDINGS CORP 1.63%
MEDTRONIC PLC 1.61%
NUCOR CORP 1.61%
Only in SCHD
Merck & Co Inc 4.76%
Amgen Inc 4.70%
Verizon Communications Inc 3.96%
ConocoPhillips 3.93%
Home Depot Inc 3.87%
UnitedHealth Group Inc 3.82%
Bristol-Myers Squibb Co 3.32%
Texas Instruments Inc 3.12%
Check overlap with more funds →

Side by side

NOBL ProShares S&P 500 Dividend Aristocrats ETF SCHD Schwab U.S. Dividend Equity ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the S&P 500 Dividend Aristocrats Tracks an index of US dividend
Total return, 1 year +15.5% +34.5%
Expense ratio 0.35% 0.06%
Already in the S&P 500 98.3% 94.7%
Holdings 69 99
Net assets, NOBL as of Oct 28, 2026 and SCHD as of Aug 31, 2026 $11.6bn $112.3bn

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

Client brief · page 1 of 2 Report BR-EBE2ED1E8C

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

  1. What each follows. NOBL follows S&P 500 Dividend Aristocrats Index and SCHD follows Dow Jones U.S. Dividend 100 Index.
  2. Holdings in common. 15% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 NOBL returned +15.5% and SCHD +34.5% with distributions reinvested, a gap of 19.0 points.

Data as of Oct 28, 2026.

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About each fund
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%.

SCHD

SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.

Questions people ask

Which returned more over the last year, NOBL or SCHD?
In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and SCHD +34.5%.
Which is cheaper, NOBL or SCHD?
SCHD is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do NOBL and SCHD overlap with the S&P 500?
By their latest filed holdings, 98% of NOBL and 95% of SCHD by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, NOBL against SCHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/nobl-vs-schd

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