Data as of Oct 28, 2026.

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NOBL vs SHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NOBL returned +15.5% to SHY's +1.6%; 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 $27.4bn on Oct 27, 2026 for iShares 1-3 Year Treasury Bond ETF.

At a glance
+15.5%
NOBL total return, 1 year
+1.6%
SHY total return, 1 year
0.35%
NOBL expense ratio
0.15%
SHY expense ratio

Pair scorecard

SHY costs 0.20 points a year less; their one-year returns differ by 13.9 points; SHY is 2.3 times larger.

NOBL vs SHY: Differences, Returns & Fees
MeasureNOBLSHY
Return
Total return, 1 year+15.5%+1.6%
Benchmark
What it tracksS&P 500 Dividend Aristocrats IndexICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Expense ratio0.35%0.15%
Net assets, as of Oct 27, 2026$11.7bn$27.4bn
Holdings
Holdings in common0%
In the S&P 500, by weight98%
Top ten holdings, share of the fund17.0%

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

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns
NOBL SHY
Return
Total return edge NOBL +264.8% +20.7%
Annualized edge NOBL +10.4% +1.5%
Price return edge NOBL +179.1% −3.5%
Risk
Volatility edge SHY 15.4% 1.4%
Max drawdown edge SHY −31.7% −5.6%
Risk-adjusted
Sharpe edge NOBL 0.59 −0.37
Sortino edge NOBL 0.84 −0.53
Calmar edge NOBL 0.33 0.26
Reading

NOBL returned more: +264.8% to +20.7%. SHY swung less: 1.4% to 15.4%. SHY fell less at its worst: −5.6% to −31.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: NOBL vs SHY: Differences, Returns & Fees
MeasureNOBLSHYEdgeHow it is measured
Return
Total return+264.8%+20.7%NOBLPrice change plus distributions, reinvested.
Annualized+10.4%+1.5%NOBLTotal return as a yearly rate.
Price return+179.1%−3.5%NOBLPrice change alone, distributions left out.
Risk
Volatility15.4%1.4%SHYSpread of weekly returns, annualized. Lower is steadier.
Downside deviation10.8%0.9%SHYLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−31.7%−5.6%SHYDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.59−0.37NOBLReturn above Treasury bills per unit of volatility.
Sortino0.84−0.53NOBLReturn above Treasury bills per unit of downside deviation.
Calmar0.330.26NOBLAnnualized 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

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first NOBL SHY
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 SHY
TREASURY NOTE 2.11%
TREASURY NOTE 1.99%
TREASURY NOTE 1.83%
TREASURY NOTE 1.73%
TREASURY NOTE 1.62%
TREASURY NOTE 1.54%
TREASURY NOTE 1.51%
TREASURY NOTE 1.49%
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Side by side

NOBL ProShares S&P 500 Dividend Aristocrats ETF SHY iShares 1-3 Year Treasury Bond ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the S&P 500 Dividend Aristocrats Tracks an index of 1-3 Year Treasury Bond
Total return, 1 year +15.5% +1.6%
Its benchmark over the same days not measured +1.7% (BBSB)
Gap to its benchmark not measured −0.1 pts vs BBSB
Expense ratio 0.35% 0.15%
Holdings 69 90
Net assets, NOBL as of Oct 28, 2026 and SHY as of Oct 27, 2026 $11.6bn $27.4bn

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

Client brief · page 1 of 2 Report BR-2AF62FE9FF

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

  1. What each follows. NOBL follows S&P 500 Dividend Aristocrats Index and SHY follows ICE U.S. Treasury 1-3 Year Bond Index.
  2. Holdings in common. 0% 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 NOBL returned +15.5% and SHY +1.6% with distributions reinvested, a gap of 13.9 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%.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, NOBL or SHY?
In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and SHY +1.6%.
Which is cheaper, NOBL or SHY?
SHY 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.
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ETFIQ, NOBL against SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/nobl-vs-shy

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