NOBL vs SDY: Dividend Comparison
Dividend data as of
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P Dividend ETF (SDY) are both in the ETF sector, making them natural rivals for dividend investors. SDY edges ahead on yield at 2.45% versus NOBL's 2.02%. For dividend growth, SDY leads with a 5-year CAGR of 8.4% versus NOBL's 4.6%.
Verdict
Yield Analysis
SDY yields 0.43% more than NOBL. In dollar terms, NOBL pays $2.23/share vs SDY's $3.63/share annually.
Dividend Growth
NOBL: Dividend growth is accelerating — the 3-year CAGR of 5.6% exceeds the 5-year rate of 4.6% and the 10-year rate of 7.6%.
SDY: Dividend growth is slowing — the 3-year CAGR of 5.0% trails the 5-year rate of 8.4% and the 10-year rate of 2.8%.
Dividend Safety
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in NOBL vs SDY today?
At $113.99 per share, $10,000 buys about 87.7 shares of ProShares S&P 500 Dividend Aristocrats ETF (NOBL). Each share pays $2.23 per year in dividends, so the position starts out generating roughly $195 per year — about $16 a month.
At $155.22 per share, $10,000 buys about 64.4 shares of SPDR S&P Dividend ETF (SDY). Each share pays $3.63 per year in dividends, so the position starts out generating roughly $234 per year — about $20 a month.
SDY is the larger income stream from day one: $39 per year more on the same $10,000 invested.
What could $10,000 of NOBL or SDY income look like in 10 years?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has raised its dividend about 4.6% a year over the past five years. If that pace held, the $202 per year that $10,000 generates today at the current 2.02% yield would reach $316 per year by 2036 — a 3.2% yield on the original cost.
SPDR S&P Dividend ETF (SDY) has raised its dividend about 8.4% a year over the past five years. If that pace held, the $245 per year that $10,000 generates today at the current 2.45% yield would reach $550 per year by 2036 — a 5.5% yield on the original cost.
On those trailing rates, SDY pays more in 2036: $550 versus $316 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would NOBL's dividend growth overtake SDY's higher yield?
It doesn't, on the trailing numbers. SPDR S&P Dividend ETF (SDY) yields more today (2.45% vs 2.02%) and has also grown its dividend at least as fast (8.4% vs 4.6% a year over five years). Unless NOBL accelerates its raises or SDY stumbles, NOBL never closes the income gap — SDY wins on both current income and growth.
Why is there no payout ratio for NOBL or SDY?
REWD has neither an earnings-per-share figure nor a payout ratio for ProShares S&P 500 Dividend Aristocrats ETF (NOBL) and SPDR S&P Dividend ETF (SDY) — typical for ETFs and covered-call funds, whose distributions are funded by the underlying portfolio (stock dividends, option premium, or return of capital) rather than a single company's earnings. For a fund, judge sustainability by the distribution history and the strategy behind it, not a payout ratio.
Which fits an early-retirement income portfolio better, NOBL or SDY?
For income you need right now, SPDR S&P Dividend ETF (SDY) leads: $100,000 invested today pays about $204 a month at the current 2.45% yield, versus $168 a month from ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.02%.
SDY also leads on dividend growth (8.4% vs 4.6% a year over five years), so the trailing numbers favor it on both fronts.
On consistency: NOBL has raised its dividend 3 consecutive years; SDY has raised its dividend 4 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $386/yr in NOBL vs $700/yr in SDY by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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