Which returned more over the last year, NOBL or SHV?

In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and SHV +3.6%.

Which is cheaper, NOBL or SHV?

SHV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

NOBL vs SHV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NOBL returned +15.5% to SHV's +3.6%; 0% 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 $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.

NOBL on its own →SHV on its own →

At a glance

+15.5%

NOBL total return, 1 year

+3.6%

SHV total return, 1 year

0.35%

NOBL expense ratio

0.15%

SHV expense ratio

Pair scorecard

SHV costs 0.20 points a year less; their one-year returns differ by 11.9 points; SHV is 1.9 times larger.

NOBL vs SHV: Differences, Returns & Fees
Measure	NOBL	SHV
Return
Measure	NOBL	SHV
Total return, 1 year	+15.5%	+3.6%
Benchmark
Measure	NOBL	SHV
What it tracks	S&P 500 Dividend Aristocrats Index	ICE Short US Treasury Securities Index
Cost and size
Measure	NOBL	SHV
Expense ratio	0.35%	0.15%
Net assets, as of Oct 27, 2026	$11.7bn	$21.7bn
Holdings
Measure	NOBL	SHV
Holdings in common	0%
In the S&P 500, by weight	98%
Top ten holdings, share of the fund	17.0%

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

What they share

By the books each fund has filed, NOBL and SHV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first NOBL SHV

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%

AUTOMATIC DATA PROCESSING 1.69%

EMERSON ELECTRIC CO 1.67%

CHEVRON CORP 1.66%

ERIE INDEMNITY COMPANY-CL A 1.64%

Only in SHV

TREASURY BILL 4.98%

TREASURY BILL 4.17%

TREASURY BILL 3.90%

TREASURY BILL 3.72%

TREASURY BILL 3.58%

TREASURY BILL 3.48%

TREASURY BILL 3.35%

TREASURY BILL 3.31%

Check overlap with more funds →

Side by side

NOBL ProShares S&P 500 Dividend Aristocrats ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer ProShares iShares

What it is Tracks the S&P 500 Dividend Aristocrats Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year +15.5% +3.6%

Expense ratio 0.35% 0.15%

Holdings 69 66

Net assets, NOBL as of Oct 28, 2026 and SHV as of Oct 27, 2026 $11.6bn $21.7bn

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

Alert

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%.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, NOBL or SHV?: In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and SHV +3.6%.
Which is cheaper, NOBL or SHV?: SHV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

NOBL vs SGOV BOXX vs NOBL NOBL vs VBIL NOBL vs VUSB RSP vs SHV SDY vs SHV SHV vs VOE COWZ vs SHV

Where to next

NOBL on its own →SHV on its own →Hold both: look the portfolio through →Rankings →NOBL dividend history →NOBL holdings →SHV dividend history →SHV holdings →Standards and sources →

Sources and dates

NOBL filings on SEC EDGAR ↗

NOBL prospectus with the expense ratio (SEC) ↗

ProShares page for NOBL ↗

SHV filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

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.

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ETFIQ, NOBL against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/nobl-vs-shv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.