(NOBL) ProShares SP500 Dividend - Ratings and Ratios

The ProShares S&P500 Dividend Aristocrats ETF (BATS:NOBL) is an exchange-traded fund that tracks the performance of S&P500 companies with a history of consistently increasing dividends for at least 25 years. This index is designed to capture the performance of established companies with a strong track record of returning value to shareholders.

By investing at least 80% of its assets in components of the index or similar instruments, the fund aims to provide investors with exposure to a portfolio of high-quality, dividend-paying stocks. The underlying companies are likely to be large-cap, financially stable businesses with a history of generating consistent cash flows.

Some key performance indicators (KPIs) to evaluate this ETF include its dividend yield, expense ratio, and tracking error. The dividend yield is likely to be attractive, given the funds focus on dividend-paying stocks. The expense ratio is a critical metric, as it directly impacts the funds net returns. A low tracking error indicates that the fund is effectively replicating the performance of the underlying index.

Additional KPIs to consider include the funds sector allocation, top holdings, and turnover rate. The sector allocation will provide insight into the funds exposure to different industries, while the top holdings will reveal the most significant contributors to the funds performance. The turnover rate will indicate the frequency with which the fund buys and sells securities, impacting its trading costs and tax efficiency.

With an AUM of $11.53 billion, NOBL is a sizable ETF with a strong presence in the market. Its Large Value category classification suggests that it may be suitable for investors seeking exposure to established companies with a value-oriented investment approach.