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Consistent payouts also paid off as those that have consistently increased dividends exhibited higher returns and lower volatility, compared to their broad stock market benchmarks. Dividend payers have outperformed non payers and the broader market, producing a higher Sharpe ratio or improved risk-adjusted returns, with a lower standard deviation and greater performance relative to their benchmarks.
Over the past two years, NOBL has outperformed three of the four largest U.S. dividend ETFs. NOBL allocates about 45% of its combined weight to the consumer staples and industrial sectors. The materials and healthcare sectors combine for 23% of the fund’s weight.
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