Data as of Oct 28, 2026.
NOBL vs SPY: Differences, Returns & Fees
Over the year to Oct 28, 2026, NOBL returned +15.5% to SPY's +13.6%; 11% 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 $814.8bn on Oct 27, 2026 for SPDR S&P 500 ETF Trust.
Pair scorecard
SPY costs 0.26 points a year less; their one-year returns differ by 1.9 points; SPY is far larger, $814.8bn against $11.7bn.
| Measure | NOBL | SPY |
|---|---|---|
| Return | ||
| Total return, 1 year | +15.5% | +13.6% |
| Benchmark | ||
| What it tracks | S&P 500 Dividend Aristocrats Index | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.35% | 0.09% |
| Net assets, as of Oct 27, 2026 | $11.7bn | $814.8bn |
| Holdings | ||
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 17.0% | 38.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 18, 2013 to Oct 23, 2026 · 679 weekly returnsSPY returned more: +442.6% to +264.8%. NOBL swung slightly less: 15.4% to 16.1%. NOBL and SPY fell about the same at their worst: −31.7% and −31.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | NOBL | SPY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +264.8% | +442.6% | SPY | Price change plus distributions, reinvested. |
| Annualized | +10.4% | +13.8% | SPY | Total return as a yearly rate. |
| Price return | +179.1% | +335.8% | SPY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.4% | 16.1% | NOBL (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.8% | 11.1% | NOBL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −31.7% | −31.8% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.59 | 0.77 | SPY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 1.10 | SPY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.33 | 0.43 | SPY | 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, NOBL and SPY hold 11% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
11% in common
Only in one fund ↓
Side by side
NOBL and SPY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
NOBL and SPY do different jobs. What does each one do in a portfolio?
- What each follows. NOBL follows S&P 500 Dividend Aristocrats Index and SPY follows S&P 500 Index.
- Holdings in common. 11% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. NOBL holds 69 positions and SPY holds 504.
Data as of Oct 28, 2026.
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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%.
SPY
SPY tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.6% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 38.1%.
Questions people ask
- Which returned more over the last year, NOBL or SPY?
- In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and SPY +13.6%.
- Which is cheaper, NOBL or SPY?
- SPY is cheaper, by 0.26 percentage points a year. That is about $26 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.
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ETFIQ, NOBL against SPY, data as of Oct 28, 2026. https://etfiq.com/compare/any/nobl-vs-spy
ETFIQ. (Oct 28, 2026). NOBL against SPY. Retrieved from https://etfiq.com/compare/any/nobl-vs-spy
[NOBL against SPY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/nobl-vs-spy)
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