---
title: "Could Investing $10,000 in NOBL Make You a Millionaire?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280888507.md"
description: "The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) has averaged annual returns of 11% over the past 12 years, focusing on stable dividend-paying stocks. While it has underperformed the S&P 500 recently, a $10,000 investment could potentially grow to over $1 million in 44 years at this rate. Alternatively, investing $10,000 and adding $500 monthly could reach the million-dollar mark in 27 years. However, investors are advised to consider other high-potential stocks as well, as NOBL was not included in a recent top stock recommendation list."
datetime: "2026-03-28T22:15:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280888507.md)
  - [en](https://longbridge.com/en/news/280888507.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280888507.md)
---

# Could Investing $10,000 in NOBL Make You a Millionaire?

## Key Points

-   The ProShares S&P 500 Dividend Aristocrats ETF has delivered average annual returns of 11% for the past 12 years.
-   The fund holds only 69 stocks and is heavy on consumer staples, industrials, and financials.
-   NOBL could make you a millionaire starting with a $10,000 investment, but only after several decades.
-   10 stocks we like better than ProShares S&P 500 Dividend Aristocrats ETF ›

Investing in dividend stocks can be a good strategy for people who want to earn income from their stock portfolio. The best high-yield dividend stocks can also deliver strong growth. Though there are no guarantees in investing, some exchange-traded funds (ETFs) investing in dividend stocks, like the **ProShares S&P 500 Dividend Aristocrats ETF** (NYSEMKT: NOBL), could even make you a millionaire -- if you're a patient, long-term investor. (The term Dividend Aristocrats® is a registered trademark of Standard & Poor's Financial Services LLC.)

This dividend ETF lets you invest in the **S&P 500** Dividend Aristocrats®, a select group of companies that have grown their dividends for more than 25 years. As of December 2025, the fund paid a dividend yield of 2.55%.

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Let's see how $10,000 in NOBL could become a million-dollar investment.

Image source: Getty Images.

## 12 years of 11% average annual returns

The ProShares S&P 500 Dividend Aristocrats ETF invests in a portfolio of 69 stocks and charges an expense ratio of 0.35%. Since the fund was established in October 2013, it's delivered average annual returns (by net asset value) of 11.1%. That's slightly better than the long-term average stock market return of 10% per year.

But in the past year, NOBL has underperformed the **S&P 500** index, gaining only 2.8% while the S&P 500 has gained about 15%. This fund has also underperformed the S&P 500 since its inception. Since October 2013, the S&P 500 is up about 292%, while this ETF has gained about 156%.

NOBL data by YCharts

So, why invest in this fund if it can't beat the S&P 500? You might consider this fund if you want to own stocks that typically deliver stable earnings and have strong track records of paying dividends. A dividend ETF like NOBL might also be less volatile than the rest of the S&P 500.

The NOBL fund's sector weighting is broadly tilted toward consumer staples (23.8% of the fund), industrials (21.2%), financials (12.2%), materials (11.4%), and healthcare (10.1%). Top holdings include energy stocks **Chevron** (1.8% of the fund), **ExxonMobil** (1.8%), and **NextEra Energy** (NYSE: NEE) (1.7%); as well as chemical company **Linde** (NASDAQ: LIN) (1.7%).

## How $10,000 in NOBL could make you a millionaire

Even if this dividend-stock fund doesn't outperform the S&P 500, it could still make you a millionaire. Turning $10,000 into $1 million would require a 9,900% jump.

Let's assume that NOBL keeps delivering its average annual return of 11.1%. At that rate of growth -- which is not guaranteed -- if you invest $10,000 in NOBL today, after 20 years, your money would grow to about $82,000. After 25 years, you'd have about $139,000. And after 44 years, your $10,000 NOBL investment would have reached over $1 million in this hypothetical example.

Does that feel like too long to wait? Another approach would be to start by investing $10,000 in NOBL and then keep investing $500 per month. With average annual returns of 11.1%, you'd reach the million-dollar mark after 27 years. While future performance is not guaranteed and it would not be wise to put all your investing eggs into one security, owning top dividend stocks can be very rewarding. The ProShares S&P 500 Dividend Aristocrats® ETF is worth considering for long-term investors.

## Should you buy stock in ProShares S&P 500 Dividend Aristocrats ETF right now?

Before you buy stock in ProShares S&P 500 Dividend Aristocrats ETF, consider this:

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_\*Stock Advisor returns as of March 28, 2026._

_Ben Gran has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron, NextEra Energy, and ProShares S&P 500 Dividend Aristocrats ETF. The Motley Fool recommends Linde. The Motley Fool has a disclosure policy._

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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