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

In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and VO +12.8%.

Which is cheaper, NOBL or VO?

VO is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do NOBL and VO overlap with the S&P 500?

By their latest filed holdings, 98% of NOBL and 91% of VO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

NOBL vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, NOBL returned +15.5% to VO's +12.8%; 10% 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 $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

NOBL on its own →VO on its own →

At a glance

+15.5%

NOBL total return, 1 year

+12.8%

VO total return, 1 year

0.35%

NOBL expense ratio

0.03%

VO expense ratio

Pair scorecard

VO costs 0.32 points a year less; their one-year returns differ by 2.7 points; VO is 9.5 times larger.

NOBL vs VO: Differences, Returns & Fees
Measure	NOBL	VO
Return
Measure	NOBL	VO
Total return, 1 year	+15.5%	+12.8%
Drawdown
Measure	NOBL	VO
Below its high		3.1%, high on Aug 14, 2026
Benchmark
Measure	NOBL	VO
What it tracks	S&P 500 Dividend Aristocrats Index	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Measure	NOBL	VO
Expense ratio	0.35%	0.03%
Net assets, as of Sep 30, 2026	$10.9bn	$103.4bn
Holdings
Measure	NOBL	VO
Holdings in common	10%
Top ten holdings, share of the fund	17.0%	9.7%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Oct 18, 2013 to Oct 23, 2026 · 679 weekly returns

NOBL VO

Return

Total return edge VO (slight) +264.8% +273.7%

Annualized edge Tie +10.4% +10.6%

Price return edge VO +179.1% +204.7%

Risk

Volatility edge NOBL 15.4% 17.7%

Max drawdown edge NOBL −31.7% −37.4%

Risk-adjusted

Sharpe edge NOBL (slight) 0.59 0.55

Sortino edge NOBL (slight) 0.84 0.79

Calmar edge NOBL 0.33 0.28

Reading

VO returned slightly more: +273.7% to +264.8%. NOBL swung less: 15.4% to 17.7%. NOBL fell less at its worst: −31.7% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: NOBL vs VO: Differences, Returns & Fees
Measure	NOBL	VO	Edge	How it is measured
Return
Total return	+264.8%	+273.7%	VO (slight)	Price change plus distributions, reinvested.
Annualized	+10.4%	+10.6%	Tie	Total return as a yearly rate.
Price return	+179.1%	+204.7%	VO	Price change alone, distributions left out.
Risk
Volatility	15.4%	17.7%	NOBL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	10.8%	12.4%	NOBL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−31.7%	−37.4%	NOBL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.59	0.55	NOBL (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.84	0.79	NOBL (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.33	0.28	NOBL	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

10%

By the books each fund has filed, NOBL and VO hold 10% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first NOBL VO

TARGET CORP 1.50% 0.70%

AIR PRODUCTS & CHEMICALS INC 1.45% 0.61%

FASTENAL CO 1.59% 0.56%

WW GRAINGER INC 1.39% 0.55%

NUCOR CORP 1.61% 0.52%

CARDINAL HEALTH INC 1.57% 0.51%

REALTY INCOME CORP 1.22% 0.51%

AFLAC INC 1.38% 0.50%

BECTON DICKINSON AND CO 1.78% 0.48%

ARCHER-DANIELS-MIDLAND CO 1.25% 0.38%

CONSOLIDATED EDISON INC 1.44% 0.37%

SYSCO CORP 1.40% 0.37%

Only in one fund ↓

Only in NOBL

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%

EXXONMOBIL HOLDINGS CORP 1.63%

MEDTRONIC PLC 1.61%

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Check overlap with more funds →

Side by side

NOBL ProShares S&P 500 Dividend Aristocrats ETF VO Vanguard Morningstar Mid-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer ProShares Vanguard

What it is Tracks the S&P 500 Dividend Aristocrats Tracks an index of Mid-Cap

Total return, 1 year +15.5% +12.8%

Expense ratio 0.35% 0.03%

Already in the S&P 500 98.3% 91.1%

Holdings 69 273

Net assets, NOBL as of Oct 28, 2026 and VO as of Sep 30, 2026 $11.6bn $103.4bn

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

Client brief · page 1 of 2 Report BR-58AA7D1445

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

What each follows. NOBL follows S&P 500 Dividend Aristocrats Index and VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index).
Holdings in common. 10% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 NOBL returned +15.5% and VO +12.8% with distributions reinvested, a gap of 2.7 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%.

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, NOBL or VO?: In the year to Oct 28, 2026, with distributions reinvested, NOBL returned +15.5% and VO +12.8%.
Which is cheaper, NOBL or VO?: VO is cheaper, by 0.32 percentage points a year. That is about $32 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do NOBL and VO overlap with the S&P 500?: By their latest filed holdings, 98% of NOBL and 91% of VO by weight is stocks the S&P 500 already holds.

Other comparisons

NOBL vs VFLO IJH vs NOBL NOBL vs VXF MDY vs NOBL RSP vs VO COWZ vs VO SDY vs VO VO vs VOE

Where to next

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

Sources and dates

NOBL filings on SEC EDGAR ↗

NOBL prospectus with the expense ratio (SEC) ↗

ProShares page for NOBL ↗

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

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.

Cite this pageCitation, APA and Markdown

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

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