Dividend comparison
HDV vs NOBL: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Core High Dividend ETF and ProShares - S&P 500 Dividend Aristocrats ETF, side by side. Updated October 21, 2026.
HDV vs NOBL: key differences
The short answer, from the latest data on this page.
- Fees. HDV is cheaper at 0.08% a year versus 0.35% for NOBL. On $10,000 that is $27 a year less in fees.
- Income. HDV pays more income, yielding 2.83% over the last twelve months versus 2.04% for NOBL. That is about $79 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, HDV returned 82.2% versus 36.7% for NOBL, with dividends reinvested. $10,000 would have grown to $18,215 in HDV and $13,672 in NOBL.
- Risk. NOBL has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -17.9%, against -15.4% for HDV.
- Diversification. HDV holds 74 positions and NOBL holds 71. The ten largest positions make up 57.4% of HDV and 16.8% of NOBL.
- Overlap. 20% of the two portfolios overlap by weight, across 18 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. NOBL grew its yearly payout 4.6% a year over the last 4 years, versus 2.8% for HDV.
Bottom line: HDV fits better if you care most about lower fees, more income today and stronger 5-year returns. NOBL fits better if you care most about faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | HDV iShares Core High Dividend ETF | NOBL ProShares - S&P 500 Dividend Aristocrats ETF |
|---|---|---|
| Dividend yield (TTM) | 2.83% | 2.04% |
| Dividend / share (TTM) | $0.85 | $1.17 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.0560 on Sep 21, 2026 | $0.2825 on Sep 29, 2026 |
| Ex-dividend date | Sep 16, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 2.8% over 4 yrs | 4.6% over 4 yrs |
| Price | $30.11 | $57.49 |
| Dividend growth streak | — | 3 years |
| Beta | 0.30 | 0.62 |
| Max drawdown (5Y) | -15.4% | -17.9% |
| Market cap | $15.63B | $11.51B |
| Exchange | AMEX | CBOE |
| Expense ratio | 0.08% | 0.35% |
| Assets under management | $15.52B | $11.44B |
| Number of holdings | 74 | 71 |
| Top 10 concentration | 57.4% | 16.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
HDV
$23.58/mo
$283 /yr at 2.83% yield
NOBL
$17.00/mo
$204 /yr at 2.04% yield
Dividend history
Total dividends paid per share in each calendar year. HDV pays quarterly; NOBL pays quarterly.
| Year | HDV | NOBL |
|---|---|---|
| 2025 | $0.7821 | $1.1127 |
| 2024 | $0.8230 | $1.0226 |
| 2023 | $0.7787 | $0.9969 |
| 2022 | $0.7431 | $0.8720 |
| 2021 | $0.7016 | $0.9301 |
Strategy: Dividend equity
Rules-based equity funds that screen for companies paying sustainable or rising dividends, aiming at income plus long-term share-price participation. The screen is what defines the fund: yield-ranked indexes deliver more cash now, dividend-growth indexes deliberately exclude the highest payers in favor of durability. Both approaches produce a sector mix that looks nothing like the broad market, typically heavier in financials, healthcare, staples and industrials.
Expect stretches of underperformance versus the broad market whenever leadership comes from the high-growth, low-yield companies these screens exclude.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $18,215 in HDV and $13,672 in NOBL.
| Period | HDV | NOBL |
|---|---|---|
| 1 month | 4.77% | 3.81% |
| 3 months | 7.46% | 2.19% |
| Year to date | 26.57% | 12.20% |
| 1 year | 26.83% | 14.09% |
| 3 years | 70.79% | 42.58% |
| 5 years | 82.15% | 36.72% |
- HDV
- NOBL
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- HDV
- NOBL
HDV vs NOBL holdings overlap
20% overlap by weight, with 18 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | HDV weight | NOBL weight |
|---|---|---|
| CVXCHEVRON | 7.21% | 1.67% |
| XOMEXXONMOBIL HOLDINGS CORP | 9.54% | 1.66% |
| KOCOCA-COLA | 4.43% | 1.63% |
| MDTMEDTRONIC PLC | 1.83% | 1.62% |
| ABBVABBVIE | 6.79% | 1.60% |
| PGPROCTER & GAMBLE | 5.49% | 1.52% |
| ABTABBOTT LABORATORIES | 2.11% | 1.48% |
| PEPPEPSICO | 3.95% | 1.41% |
| MCDMCDONALDS CORP | 2.52% | 1.32% |
| NEENEXTERA ENERGY | 2.45% | 1.25% |
Top 10 holdings
Largest positions by portfolio weight.
HDV74 holdings total
NOBL71 holdings total
| Name | Weight |
|---|---|
| BDXBECTON DICKINSON AND CO | 1.79% |
| FDSFACTSET RESEARCH SYSTEMS INC | 1.77% |
| ADPAUTOMATIC DATA PROCESSING | 1.69% |
| CVXCHEVRON CORP | 1.67% |
| XOMEXXONMOBIL HOLDINGS CORP | 1.66% |
| EMREMERSON ELECTRIC CO | 1.65% |
| ERIEERIE INDEMNITY COMPANY-CL A | 1.65% |
| IBMINTL BUSINESS MACHINES CORP | 1.65% |
| CAHCARDINAL HEALTH INC | 1.64% |
| ROPROPER TECHNOLOGIES INC | 1.63% |
Quick verdict
HDV fits better if you care most about lower fees, more income today and stronger 5-year returns. NOBL fits better if you care most about faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how HDV vs NOBL fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is HDV or NOBL better for dividend income?
It depends on your goals. HDV currently yields 2.83% Trailing Twelve Months (TTM) while NOBL yields 2.04%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between HDV and NOBL?
iShares Core High Dividend ETF (HDV) is an ETF listed on AMEX. ProShares - S&P 500 Dividend Aristocrats ETF (NOBL) is an ETF listed on CBOE. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, HDV or NOBL?
HDV has the lower expense ratio. HDV charges 0.08% a year and NOBL charges 0.35%, a difference of $27 a year on a $10,000 investment.
Which has performed better, HDV or NOBL?
Over the last 5 years, HDV has the higher total return with dividends reinvested: HDV returned 82.2% and NOBL returned 36.7%. Past performance does not predict future returns.
Which is riskier, HDV or NOBL?
Measured by the worst peak-to-trough decline over the last five years, NOBL has been riskier: HDV fell as much as 15.4% and NOBL as much as 17.9%. Their betas are 0.30 and 0.62.
How much do HDV and NOBL overlap?
About 20% of the two portfolios overlap by weight, across 18 shared holdings. The largest shared positions are CVX, XOM, KO. Holding both still adds meaningful diversification.
How often do HDV and NOBL pay dividends?
Both pay quarterly. The most recent payments were $0.0560 for HDV and $0.2825 for NOBL.
How much income does $10,000 in HDV vs NOBL generate?
At current TTM yields, $10,000 in HDV would generate roughly $23.58 per month ($283 annually). The same amount in NOBL would produce about $17.00 per month ($204 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both HDV and NOBL?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare HDV vs NOBL with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how HDV and NOBL fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.