NOBL vs SCHD
ProShares S&P 500 Dividend Aristocrats ETF vs Schwab US Dividend Equity ETF
Which is better, NOBL or SCHD?
SCHD has been ahead.
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. NOBL is less concentrated, with 16.1% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NOBL | SCHD |
|---|---|---|
| Expense Ratio | 0.35% | 0.06%Best |
| AUM | $11.9B | $112.1B |
| Dividend Yield | 2.04% | 3.00% |
| Holdings | 69 | 103 |
| YTD Return | +8.72% | +24.96%Best |
| 1Y Return | +10.66% | +28.75%Best |
| 3Y Return (annualized) | +8.78% | +15.71%Best |
| 5Y Return (annualized) | +6.04% | +9.86%Best |
| Volatility (annualized) | 14.0%Best | 14.3% |
| Max Drawdown | -35.4% | -33.4%Best |
| $10,000 over 5 years | $13,408 | $16,003Best |
| Top 10 Weight | 16.1%Best | 41.8% |
| Fund Family | ProShares | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Oct 9, 2013 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Oct 10, 2013 to Sep 9, 2026 (12.9 years).
NOBL vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
NOBL vs SCHD Performance
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an ETF from ProShares and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year NOBL returned +10.66% while SCHD returned +28.75%. Year to date, NOBL is up 8.72% versus a gain of 24.96% for SCHD.
Over three years, NOBL compounded at +8.78% per year against +15.71% for SCHD; over five years the annualized figures are +6.04% and +9.86% respectively. Across the full 13-year window we track, SCHD has the edge at +10.58% annualized vs +9.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.0% for NOBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.4% for NOBL and -33.4% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NOBL charges 0.35% per year while SCHD charges 0.06%. On a $10,000 position that is $35 vs $6 annually, a gap of $29 per year that compounds over a long holding period. On income, NOBL currently yields 2.04% against 3.00% for SCHD.
Holdings Overlap
18.8% of NOBL's money is in holdings SCHD also owns. 29.5% of SCHD's money is in holdings NOBL also owns.
SCHD and NOBL share little of their money.
13 positions in common, counted across the 69 positions we hold weights for in NOBL and 100 in SCHD, against full books of 69 and 103.
What only one of them owns
Our book lists 86 positions for SCHD that do not appear in our book for NOBL (70.4% of the fund), and 55 for NOBL that do not appear in SCHD (79.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NOBL | Weight in SCHD | Difference |
|---|---|---|---|
| ABTAbbott Laboratories | 1.47% | 4.69% | 3.22% |
| KOCoca Cola Co. | 1.48% | 4.17% | 2.69% |
| CVXChevron Corp. | 1.35% | 4.02% | 2.67% |
| PGProcter & Gamble Company | 1.38% | 3.83% | 2.45% |
| PEPPepsico Inc. | 1.43% | 3.64% | 2.21% |
| ADPAutomatic Data Processing, Inc. | 1.55% | 2.79% | 1.24% |
| TGTTarget Corp. | 1.50% | 1.78% | 0.28% |
| FASTFastenal Co. | 1.54% | 1.38% | 0.16% |
| KMBKimberly-Clark Corp. | 1.44% | 0.87% | 0.57% |
| ADMArcher-Daniels-Midland Co. | 1.24% | 0.96% | 0.28% |
29.5% of SCHD is already inside NOBL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NOBL or SCHD?
NOBL has an expense ratio of 0.35% while SCHD charges 0.06%. SCHD is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, NOBL or SCHD?
Over the past year NOBL returned +10.66% vs +28.75% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), NOBL annualized +9.13% vs +10.58% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NOBL or SCHD?
SCHD has been the more volatile fund at 14.3% annualized versus 14.0% for NOBL. Worst drawdown: NOBL -35.4% vs SCHD -33.4%.
Should I hold both NOBL and SCHD?
NOBL and SCHD have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between NOBL and SCHD?
29.5% of SCHD's money is in holdings NOBL also owns. 29.5% of SCHD's is in holdings NOBL also owns. They hold 13 positions in common, counted across the 69 positions we hold weights for in NOBL and 100 in SCHD.
Which pays a higher dividend, NOBL or SCHD?
NOBL yields 2.04% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than NOBL?
SCHD has a lower expense ratio. SCHD led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. NOBL is less concentrated, with 16.1% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.