Better Dividend ETF: Vanguard's VYM vs. ProShares' NOBL

Core Viewpoint - The Vanguard High Dividend Yield ETF (VYM) offers broader diversification, higher recent returns, and a lower expense ratio compared to the ProShares - S&P 500 Dividend Aristocrats ETF (NOBL), which has a more concentrated sector mix and focuses on companies with long dividend growth histories [1][2]. Cost & Size Comparison - VYM has an expense ratio of 0.06%, significantly lower than NOBL's 0.35% - The one-year return for VYM is 12.2%, while NOBL's is 4.3% - VYM has a dividend yield of 2.4%, compared to NOBL's 2.1% - VYM's assets under management (AUM) stand at $84.5 billion, while NOBL's AUM is $11.2 billion [3][4]. Performance & Risk Comparison - Over five years, NOBL experienced a maximum drawdown of 17.92%, while VYM had a lower maximum drawdown of 15.83% - An investment of $1,000 would grow to $1,601 in VYM compared to $1,327 in NOBL over the same period [5]. Portfolio Composition - VYM holds 589 stocks with major sector exposures in financial services (21%), technology (18%), and healthcare (13%) - Top positions in VYM include Broadcom Inc., JPMorgan Chase & Co., and Exxon Mobil Corp. [6]. - NOBL consists of 70 stocks, primarily concentrated in consumer defensive (23%), industrials (21%), and financial services (13%) - Key holdings in NOBL include Albemarle Corp., Cardinal Health Inc., and C.H. Robinson Worldwide Inc. [7][8]. Investment Implications - VYM's diverse portfolio allows it to better withstand downturns in specific sectors, benefiting from its inclusion of technology stocks - NOBL's focus on companies with a history of increasing dividends results in a smaller, more concentrated portfolio, which may limit diversification [9][10].