In September 2024, the Dividend Aristocrats, as tracked by the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), demonstrated solid performance but underperformed the broader market, represented by the S&P 500 (SPY), over the past year and year-to-date. Despite this, the Aristocrats’ focus on companies with 25+ years of consecutive dividend increases continues to offer a compelling choice for income-focused and conservative investors.
As of Q3 2024, NOBL’s year-to-date total return was 13.86%, compared to the S&P 500’s much higher 22.08% return. Over the past year, NOBL delivered a return of 23.22%, while the S&P 500 outperformed significantly with a 36.35% return.
Key Points:
- NOBL Year-to-Date Return (2024): 13.86%
- S&P 500 Year-to-Date Return (2024): 22.08%
- NOBL 1-Year Return: 23.22%
- S&P 500 1-Year Return: 36.35%
- NOBL 10-Year Annualized Return: 11.02%
- S&P 500 10-Year Annualized Return: 13.41%
Historical Performance
Despite lagging behind the broader market in the past year, the 10-year annualized return for NOBL remains competitive at 11.02%, compared to the S&P 500’s 13.41%. Over a 30-year time frame, the Dividend Aristocrats strategy has outperformed the S&P 500 by nearly 2% annually, demonstrating its ability to deliver consistent returns through periods of economic uncertainty.
Since inception, a $10,000 investment in NOBL has grown to $33,433, compared to $42,632 in the S&P 500. While the broader market has delivered superior growth, NOBL continues to appeal to investors prioritizing income stability and lower volatility.
