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

By Ben Gran – Mar 28, 2026 at 5:23PM ESTKey PointsThe 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. 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 (NOBL 0.60%), 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%. 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. ExpandNYSEMKT: NOBLProShares S&P 500 Dividend Aristocrats ETFToday's Change(-0.60%) $-0.63Current Price$104.57Key Data PointsDay's Range$104.43 - $105.7052wk Range$89.76 - $115.31Volume958K 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 (NEE +0.31%) (1.7%); as well as chemical company Linde (LIN 0.73%) (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.Read NextMar 23, 2026 •By Neha ChamariaSCHD vs NOBL: Which ETF is the Best Buy for Your Dividend Goals? Mar 22, 2026 •By Neha ChamariaVIG vs NOBL: Which Dividend ETF Should You Buy Now?Mar 17, 2026 •By Jason HallDividend Kings of 2026Mar 15, 2026 •By Josh Kohn-LindquistFidelity (FDVV) vs. ProShares (NOBL): Which Dividend ETF Reigns Supreme?Mar 12, 2026 •By Sara AppinoDividend ETF Showdown: NOBL Bets on Consistency, HDV Chases the Biggest PaycheckMar 10, 2026 •By Dave KovaleskiCould Investing $2,000 in the S&P 500 Dividend Aristocrats ETF Make You a Millionaire?About the AuthorBen Gran is a contributing analyst at The Motley Fool, covering publicly traded companies in consumer goods, technology, transportation, industrials, materials, and energy. He is a longtime freelance finance writer with 15+ years of experience writing for publications like Forbes Advisor, Motley Fool Money, and Business Insider, and corporate websites of Prudential and regional banks. Ben also ghostwrites books and bylines for CEOs and other business thought leaders. He earned his B.A. in History from Rice University. Ben is an avid international traveler and has visited 12 countries (and counting).TMFBenjaminGranStocks MentionedProShares S&P 500 Dividend Aristocrats ETFNYSEMKT: NOBL$104.57(-0.60%)-$0.63*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.