Vanguard VYM Offers Broader Diversification Than NOBL

Core Insights - The Vanguard High Dividend Yield ETF (VYM) and ProShares - S&P 500 Dividend Aristocrats ETF (NOBL) differ significantly in cost, breadth, and yield, with VYM being more affordable and holding a larger number of stocks [1][2] Cost and Size Comparison - VYM has an expense ratio of 0.06%, significantly lower than NOBL's 0.35% [3] - As of October 31, 2025, VYM's one-year return is 10.0%, while NOBL's is -1.8% [3] - VYM offers a dividend yield of 2.5%, compared to NOBL's 2.1% [3] - VYM has assets under management (AUM) of $81.3 billion, while NOBL has $11.1 billion [3] Performance and Risk Comparison - Over the past five years, VYM has a maximum drawdown of 15.85%, while NOBL's is 17.92% [4] - An investment of $1,000 in VYM would grow to $1,734 over five years, compared to $1,396 for NOBL [4] Portfolio Composition - VYM holds 589 U.S. stocks, with significant allocations in Financial Services (22%), Technology (16%), and Healthcare (12%) [5] - Top holdings in VYM include Broadcom Inc (1.73%), JPMorgan Chase (0.25%), and Exxon Mobil (2.38%) [5] - NOBL consists of 70 equally weighted stocks, focusing on long-term dividend growth, with notable holdings like C.H. Robinson Worldwide (0.02%), Cardinal Health (0.02%), and Caterpillar (0.02%) [6] Investment Strategy - VYM tracks the FTSE All-World High Dividend Yield Index, excluding real estate investment trusts and focusing on companies with higher-than-average dividend yields [8] - NOBL tracks S&P 500 companies that have consistently raised dividends for at least 25 years, emphasizing proven dividend raisers [9]