NOBL’s worst drop since 2013 was 35%
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) fell 35% from Jan 2020 to Mar 2020. It took 0.7 years from that peak to close at a new high, in Oct 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 142nd of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2013 to now
How NOBL held up in each crash
| Crash | Years | NOBL | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −35.4% | −33.7% |
| 2022 rate shock | 2022 | −17.9% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was NOBL’s maximum drawdown?
NOBL’s deepest fall since 2013 was 35.4%, from its high on January 17, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did NOBL take to recover?
0.7 years. NOBL first closed above its Jan 2020 high again on October 8, 2020.
Was NOBL riskier than the S&P 500?
Over the same years, NOBL’s worst drop was 35.4% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −24.1% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, October 11, 2013 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.