What if you invested monthly in a Dividend-aristocrats ETF (NOBL) for 10 years?
This calculates the result of investing a fixed amount monthly into NOBL, which holds 'Dividend Aristocrats' that have raised dividends for 25+ years, over 10 years using actual price data. It shows dividend reinvestment and defensiveness alongside maximum drawdown and time underwater.
Investment conditions
Asset · NOBL (US Dividend-aristocrats ETF)
Method · Recurring monthly investment
Period · 2016-07-01 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-34.1%
Largest drop from peak
Longest loss period
3months
Months in loss: 4
Recovery period
3months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $26,889 → Final value $44,371 (+65.0%), Maximum drawdown (MDD) -34.1%
Why this period and asset
NOBL holds, on a roughly equal-weighted basis, the S&P 500 'Dividend Aristocrats' that have raised dividends for at least 25 consecutive years. This 10-year window (2016-2026) includes the late-2018 selloff, the 2020 COVID crash, and the 2022 rate-hike correction. Companies with such long dividend-growth records carry heavier weights in defensive sectors, so they tended to lag the index during growth-stock surges and hold up relatively better in sharp declines.
Interpreting the result
The 'aristocrat' criterion implies businesses solid enough to sustain and raise dividends for decades, but it is no guarantee against price declines. Monthly investing accumulates more shares during downturns, and reinvested dividends add compounding. Even within these 10 years, sharp drops like the COVID crash deepened the maximum drawdown, with stretches below cost and waits to recover past highs. It is important to check the depth of the drawdown and the time to recover alongside the return in the results.
Caveats & limits
Dividends are subject to dividend tax (e.g., 15% US withholding) and local taxes, and taxes are not reflected in this calculation. Expense ratios, trading fees, and USD/KRW exchange-rate moves also affect the outcome. Past performance does not guarantee future results, and this page is not a recommendation to buy.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-23
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
Does this result include dividends?
It treats returns on a total-return basis with dividends reinvested. Since dividend tax is withheld when received, after-tax proceeds may be lower than the figure shown.
How is dividend tax handled?
Taxes are not reflected. US dividends are typically withheld at 15% with possible local tax, so after-tax results are lower.
How does it compare with a growth ETF?
It depends on the period. Growth stocks led some rallies, while aristocrats had shallower drawdowns in some sharp selloffs. Use the compare feature to view the same window side by side, including maximum drawdown.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.