Dividend comparison
NOBL vs DGRW: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - S&P 500 Dividend Aristocrats ETF and WisdomTree U.S. Quality Dividend Growth Fund, side by side. Updated October 21, 2026.
NOBL vs DGRW: key differences
The short answer, from the latest data on this page.
- Fees. DGRW is cheaper at 0.28% a year versus 0.35% for NOBL. On $10,000 that is $7 a year less in fees.
- Income. NOBL pays more income, yielding 2.04% over the last twelve months versus 1.19% for DGRW. That is about $85 more a year on $10,000. NOBL pays quarterly, DGRW pays monthly.
- Performance. Over the last 5 years, DGRW returned 72.9% versus 36.7% for NOBL, with dividends reinvested. $10,000 would have grown to $17,290 in DGRW and $13,672 in NOBL.
- Risk. Their worst declines over the last 5 years were similar: -17.9% for NOBL and -17.3% for DGRW from peak to trough.
- Diversification. DGRW holds 304 positions and NOBL holds 71.
- Dividend growth. NOBL grew its yearly payout 4.6% a year over the last 4 years, versus 2.5% for DGRW.
Bottom line: NOBL fits better if you care most about more income today and faster dividend growth. DGRW fits better if you care most about lower fees, stronger 5-year returns and broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | NOBL ProShares - S&P 500 Dividend Aristocrats ETF | DGRW WisdomTree U.S. Quality Dividend Growth Fund |
|---|---|---|
| Dividend yield (TTM) | 2.04% | 1.19% |
| Dividend / share (TTM) | $1.17 | $1.19 |
| Payout frequency | Quarterly | Monthly |
| Last dividend | $0.2825 on Sep 29, 2026 | $0.1700 on Sep 29, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 25, 2026 |
| Dividend growth (CAGR) | 4.6% over 4 yrs | 2.5% over 4 yrs |
| Price | $57.49 | $99.40 |
| Dividend growth streak | 3 years | 1 year |
| Beta | 0.62 | 0.82 |
| Max drawdown (5Y) | -17.9% | -17.3% |
| Market cap | $11.51B | $17.11B |
| Exchange | CBOE | NASDAQ |
| Expense ratio | 0.35% | 0.28% |
| Assets under management | $11.44B | $17.08B |
| Number of holdings | 71 | 304 |
| Top 10 concentration | 16.8% | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
NOBL
$17.00/mo
$204 /yr at 2.04% yield
DGRW
$9.96/mo
$119 /yr at 1.19% yield
Dividend history
Total dividends paid per share in each calendar year. NOBL pays quarterly; DGRW pays monthly.
| Year | NOBL | DGRW |
|---|---|---|
| 2025 | $1.1127 | $1.3165 |
| 2024 | $1.0226 | $1.2103 |
| 2023 | $0.9969 | $1.2250 |
| 2022 | $0.8720 | $1.3002 |
| 2021 | $0.9301 | $1.1906 |
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 $13,672 in NOBL and $17,290 in DGRW.
| Period | NOBL | DGRW |
|---|---|---|
| 1 month | 3.81% | 1.50% |
| 3 months | 2.19% | 3.68% |
| Year to date | 12.20% | 11.15% |
| 1 year | 14.09% | 11.56% |
| 3 years | 42.58% | 63.57% |
| 5 years | 36.72% | 72.90% |
- NOBL
- DGRW
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.
- NOBL
- DGRW
Top 10 holdings
Largest positions by portfolio weight.
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
NOBL fits better if you care most about more income today and faster dividend growth. DGRW fits better if you care most about lower fees, stronger 5-year returns and broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how NOBL vs DGRW fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is NOBL or DGRW better for dividend income?
It depends on your goals. NOBL currently yields 2.04% Trailing Twelve Months (TTM) while DGRW yields 1.19%. 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 NOBL and DGRW?
ProShares - S&P 500 Dividend Aristocrats ETF (NOBL) is an ETF listed on CBOE. WisdomTree U.S. Quality Dividend Growth Fund (DGRW) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, NOBL or DGRW?
DGRW has the lower expense ratio. NOBL charges 0.35% a year and DGRW charges 0.28%, a difference of $7 a year on a $10,000 investment.
Which has performed better, NOBL or DGRW?
Over the last 5 years, DGRW has the higher total return with dividends reinvested: NOBL returned 36.7% and DGRW returned 72.9%. Past performance does not predict future returns.
Which is riskier, NOBL or DGRW?
Measured by the worst peak-to-trough decline over the last five years, NOBL has been riskier: NOBL fell as much as 17.9% and DGRW as much as 17.3%. Their betas are 0.62 and 0.82.
How often do NOBL and DGRW pay dividends?
NOBL pays quarterly and DGRW pays monthly.
How much income does $10,000 in NOBL vs DGRW generate?
At current TTM yields, $10,000 in NOBL would generate roughly $17.00 per month ($204 annually). The same amount in DGRW would produce about $9.96 per month ($119 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both NOBL and DGRW?
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 NOBL vs DGRW with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how NOBL and DGRW 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.
Related comparisons
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.