The newer of the two funds highlighted here, the ProShares S&P 500 Aristocrats ETF has accumulated about $700 million in assets in just 20 months on the market.
At the end of the first quarter, the S&P 500 Dividend Aristocrats Index held 52 stocks. Over 42% of the ProShares S&P 500 Aristocrats ETF’s lineup comes from the consumer discretionary and staples sectors and the fund is even less allocated to rate-sensitive telecommunications and utilities stocks than its SPDR rival.
The ProShares S&P 500 Aristocrats ETF has a combined weight of just 3.5% to those sectors. NOBL’s trailing 12-month yield is nearly 1.64%.
The ProShares S&P 500 Aristocrats ETF’s almost 27% weight to staples stocks also leads to a valuation that is higher than the S&P 500’s. The S&P 500 Dividend Aristocrats Index’s P/E ratio was nearly 20.2 at the end of 2014, according to ProShares data. NOBL is up 13.8% over the past year.
SPDR S&P Dividend ETF
