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ProShares S&P MidCap 400 Dividend Aristocrats ETF offers superior mid-cap dividend growth compared to large-cap NOBL, with a 7.00% underlying 5-year dividend CAGR. REGL's sector allocation favors Financials (31.2%), distinguishing it from NOBL's heavy Consumer Staples exposure. This contributes to its substantially discounted P/E ratios. EPS growth also favors REGL, leading me to believe that 15 years of dividend growth is adequate and that NOBL's 25-year requirement may be doing more harm than good.
Designed to provide broad exposure to the Style Box - Mid Cap Value category of the market, the ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is a smart beta exchange traded fund launched on 02/03/2015.
Almost every ETF claiming to own Dividend Aristocrats actually mixes in other holdings, but a small group of funds holds nothing but these elite dividend growers. Choosing the wrong one in 2026 could cost you years of compounding.
ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) remains a 'hold,' valued mainly for its downside protection and stability. REGL outperformed NOBL by 6.02% since February 2024 but lagged IJH and IVV, reflecting its lower upside capture in bull markets. REGL's components exhibit exceptional stability, with only a 4.93% deviation in ROE from five-year averages, the lowest among all the U.S. mid-cap value ETFs I track.
Making its debut on 02/03/2015, smart beta exchange traded fund ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) provides investors broad exposure to the Style Box - Mid Cap Value category of the market.
Why I Am Upgrading REGL
The ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) was launched on 02/03/2015, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Mid Cap Value category of the market.
The ProShares S&P MidCap 400 Dividend Aristocrat ETF (REGL) remains a Buy for conservative investors seeking growth with downside protection in volatile markets. REGL outperformed the S&P 500 by 8% YTD 2026 and consistently mitigates losses during market downturns, capturing 87% of sector gains but less of the losses. The ETF's holdings are attractively valued, with a 17.4x P/E and 2.15x P/B, and feature a 2.23% yield with 11.19% CAGR in distributions over 10 years.