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ETF Comparison

NOBL vs VOO: Which Is the Better Pick in 2026?

A head-to-head comparison of ProShares S&P 500 Dividend Aristocrats ETF and Vanguard S&P 500 ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs165
Total AUM$123B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

ProShares is known for offering leveraged and inverse ETFs that provide amplified exposure to market movements, along with thematic and income-focused strategies. Their fund lineup spans digital assets (including Bitcoin and Ethereum exposure through BITO and EETH), dividend strategies like the Dividend Aristocrats fund (NOBL), covered call income strategies, and leveraged/inverse products that track major indices with 2x or 3x daily multipliers (such as SSO and TQQQ for tech-heavy portfolios). With 23 ETFs across specialized families including leveraged products, money market funds, and sector-specific offerings, ProShares serves investors seeking both traditional income and alternative exposure strategies.

See our curated list of related YouTube videos on NOBL.

ETFs115
Total AUM$4484B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.

See our curated list of related YouTube videos on VOO.

Side-by-side snapshot

NOBLVOO
Full nameProShares S&P 500 Dividend Aristocrats ETFVanguard S&P 500 ETF
IssuerProSharesVanguard
Last Close$56.30 as of July 15, 2026$691.10 as of July 15, 2026
Distribution yield2.16%1.14%
Distribution Safety Score 96100
Expense ratio0.35%0.03%
AUM$11.4B$1033B
Distribution frequencyQuarterlyQuarterly
Underlying indexS&P 500 Dividend Aristocrats IndexS&P 500 Index
ObjectiveDividend IncomeTrack the performance of the S&P 500 Index, representing 500 of the largest U.S. companies.
Asset classEquityEquity
Inception date10/09/201309/07/2010
Beta0.61.0
Last dividend$0.3037$1.9622
Ex-dividend date06/24/202606/26/2026

Bottom lineChoose NOBL if you want higher current income (2.16% vs 1.14% for VOO). Choose VOO if you want simple, diversified core exposure in one low-cost fund.

Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) and VOO (Vanguard S&P 500 ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

NOBL offers the higher yield at 2.16% vs 1.14% for VOO. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

VOO is cheaper with an expense ratio of 0.03% compared to 0.35%.

They track different benchmarks: NOBL is linked to S&P 500 Dividend Aristocrats Index while VOO tracks S&P 500 Index, which means their performance drivers differ.

VOO is the larger fund by assets ($1033B), which generally means tighter spreads and better liquidity.

Who should choose each?

Choose NOBL

ProShares S&P 500 Dividend Aristocrats ETF

  • Want higher current income — NOBL yields 2.16% vs 1.14% for VOO.
  • Want a quality-dividend tilt — screened payers rather than the broad index.
  • Prefer lower volatility — a beta of 0.6 vs 1.0 for VOO.

Choose VOO

Vanguard S&P 500 ETF

  • Want simple, diversified core exposure as a portfolio building block.
  • Want to keep costs low — a 0.03% expense ratio vs 0.35% for NOBL.

Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.

Deep dive

Yield & income

On a $10,000 investment, NOBL would generate roughly $18.00/month, while VOO would produce $9.50/month, at current distribution rates. Both pay quarterly distributions.

NOBL yield2.16%
VOO yield1.14%
Monthly diff on $10K$8.50

Cost & efficiency

Over 10 years on $10,000, NOBL would cost approximately $350 in fees vs $30 for VOO (simplified, not compounded). The $320.00 difference may be offset by yield or performance.

NOBL ER0.35%
VOO ER0.03%

Strategy & risk

NOBL tracks S&P 500 Dividend Aristocrats Index with a dividend income approach, while VOO tracks S&P 500 Index with a large cap approach. Beta is 0.6 for NOBL and 1.0 for VOO, indicating NOBL is less volatile relative to the market.

NOBL beta0.6
VOO beta1.0

Fund details

NOBL is managed by ProShares (launched 10/09/2013) with $11.4B in assets. VOO is managed by Vanguard (launched 09/07/2010) with $1033B in assets.

NOBL AUM$11.4B
VOO AUM$1033B

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Frequently asked questions

Is NOBL or VOO better for dividend income?

It depends on your goals. NOBL currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between NOBL and VOO?

NOBL (ProShares S&P 500 Dividend Aristocrats ETF) tracks S&P 500 Dividend Aristocrats Index with a dividend income approach, while VOO (Vanguard S&P 500 ETF) tracks S&P 500 Index with a large cap approach. They are issued by ProShares and Vanguard respectively.

Can I hold both NOBL and VOO?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, NOBL or VOO?

NOBL has an expense ratio of 0.35% while VOO charges 0.03%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in NOBL vs VOO generate?

At current rates, $10,000 in NOBL would generate roughly $18.00 per month ($216.00 annually). The same in VOO would produce about $9.50 per month ($114.00 annually).

More comparisons to explore

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