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ETF Specialist

A Dividend ETF That’s Giving Our Longtime Favorites a Run for Their Money

There's a lot to like about this fund—save for its relatively steep price.

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A version of this article was published in the June 2016 issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website.

Since its October 2013 launch,  ProShares S&P 500 Dividend Aristocrats (NOBL) has had an impressive run. From its inception through the end of May, NOBL produced an annualized total return of 12.4%. This compares favorably with the returns produced by two of our longtime favorite dividend-oriented exchange-traded funds over that same span,  Vanguard Dividend Appreciation ETF (VIG) and  Schwab US Dividend Equity ETF (SCHD), which were 9.2% and 10.9%, respectively.

Ben Johnson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.