While NOBL has a heavy value and defensive tilt, it's relevant consideration this year due to its inflation-fighting capabilities and its track record of lower downside capture than broader benchmarks when markets falter. ProShares S&P 500 Dividend Aristocrats ETF (NOBL) The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is a dividend ETF made for long-term investors that like dependability and reduced volatility. In other words, DLN is one of the dividend ETFs that really puts investors on the right track to payout growth – a concept that's increasingly important at a time when inflation shows little sign of relenting.