NOBL vs QQQ
NOBL vs QQQ
ProShares S&P 500 Dividend Aristocrats ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | NOBL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.18% | |
| AUM | $11.8B | $455.8B | |
| Dividend Yield | 2.07% | 0.41% | |
| Holdings | 70 | 108 | |
| YTD Return | +12.40% | +18.20% | |
| 1Y Return | +15.29% | +27.63% | |
| 3Y Return (annualized) | +9.09% | +25.54% | |
| 5Y Return (annualized) | +6.83% | +15.12% | |
| Volatility (annualized) | 14.1% | 30.6% | |
| Max Drawdown | -35.4% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Oct 9, 2013 | Mar 10, 1999 |
NOBL vs QQQ Performance
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NOBL returned +15.29% while QQQ returned +27.63%. Year to date, NOBL is up 12.40% versus a gain of 18.20% for QQQ.
Over three years, NOBL compounded at +9.09% per year against +25.54% for QQQ; over five years the annualized figures are +6.83% and +15.12% respectively. Across the full 13-year window we track, QQQ has the edge at +13.11% annualized vs +9.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 14.1% for NOBL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.4% for NOBL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NOBL charges 0.35% per year while QQQ charges 0.18%. On a $10,000 position that is $35 vs $18 annually, a gap of $17 per year that compounds over a long holding period. On income, NOBL currently yields 2.07% against 0.41% for QQQ.
Holdings Overlap
NOBL and QQQ share 7 holdings out of 165 unique holdings combined, representing a 4.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NOBL | Weight in QQQ | Difference |
|---|---|---|---|
| WMT | 1.17% | 2.47% | 1.30% |
| LIN:IE | 1.49% | 1.07% | 0.42% |
| PEP | 1.27% | 0.84% | 0.43% |
| ADP | Pro | Pro | Pro |
| CTAS | Pro | Pro | Pro |
| FAST | Pro | Pro | Pro |
| ROP | Pro | Pro | Pro |
See all 7 holdings NOBL shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, NOBL or QQQ?
NOBL has an expense ratio of 0.35% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, NOBL or QQQ?
Over the past year NOBL returned +15.29% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), NOBL annualized +9.48% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, NOBL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 14.1% for NOBL. Worst drawdown: NOBL -35.4% vs QQQ -83.0%.
Should I hold both NOBL and QQQ?
NOBL and QQQ have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NOBL and QQQ?
NOBL and QQQ share 7 common holdings with a 4.2% weight overlap. Combined, they hold 165 unique securities.
Which pays a higher dividend, NOBL or QQQ?
NOBL yields 2.07% while QQQ yields 0.41%, so NOBL currently pays the higher dividend yield.
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