ProShares S&P 500 Dividend Aristocrats ETF (NOBL)

Look-through valuation · Dividend · Expense ratio 0.35 % · ISIN US74348A4673

NOBL ProShares S&P 500 Dividend Aristocrats ETF NOBL overvalued

Holdings vs fair value −37.5 % weighted average

Quality 65/100 avg alpha quality

Expense ratio 0.35 % per year (TER)

Fund size $ 11.4B yield 2.07 %

The look-through covers 74 % of the fund by weight (49 of 50 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2013)

Monthly close since 2013. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
West Pharmaceutical Services Inc WST	1.8 %	−59.9 %	73
Automatic Data Processing Inc ADP	1.7 %	−28.3 %	65
AbbVie Inc ABBV	1.7 %	−72.3 %	75
Franklin Resources Inc BEN	1.7 %	−48.9 %	62
WW Grainger Inc GWW	1.6 %	−54.4 %	73
Essex Property Trust Inc ESS	1.6 %	−39.2 %	66
Archer-Daniels-Midland Company ADM	1.6 %	−40.2 %	72
Caterpillar Inc CAT	1.6 %	−66.3 %	67
Expeditors International of Washington, Inc. EXPD	1.6 %	−34.7 %	80
The J. M. Smucker Company SJM	1.6 %	−6.0 %	53
Hormel Foods Corporation HRL	1.6 %	−40.3 %	58
T. Rowe Price Group Inc TROW	1.6 %	−40.2 %	69
General Dynamics Corporation GD	1.6 %	−25.0 %	69
Kimberly-Clark Corporation KMB	1.6 %	−23.8 %	56
Cardinal Health Inc CAH	1.6 %	−37.0 %	65
Johnson & Johnson JNJ	1.6 %	−31.6 %	84
Colgate-Palmolive Company CL	1.6 %	−38.8 %	72
International Business Machines IBM	1.6 %	−30.5 %	56
Stanley Black & Decker Inc SWK	1.6 %	−38.3 %	58
The Coca-Cola Company KO	1.6 %	−51.6 %	72
Eversource Energy ES	1.5 %	−8.4 %	49
Nucor Corp NUE	1.5 %	−51.0 %	63
Sysco Corporation SYY	1.5 %	−25.2 %	59
Kenvue Inc. KVUE	1.5 %	−39.9 %	61
Cincinnati Financial Corporation CINF	1.5 %	+16.6 %	67

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives ProShares S&P 500 Dividend Aristocrats ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.