My Best Dividend Aristocrats For October 2023

2023 Review

So much for a better second half to the year for the Dividend Aristocrats. After a decent start to 2H2023 with the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) ticking up 2.59% in July, things turned sour rather

Month

Most Undervalued

NOBL

SPY

Aug 21

0.49%

1.87%

2.98%

Sep 21

-2.99%

-5.69%

-4.66%

Oct 21

3.63%

5.95%

7.02%

Nov 21

-2.19%

-1.76%

-0.80%

Dec 21

10.37%

6.54%

4.63%

Jan 22

1.04%

-4.08%

-5.27%

Feb 22

-1.94%

-2.59%

-2.95%

Mar 22

3.40%

3.86%

3.76%

Apr 22

-2.14%

-3.42%

-8.78%

May 22

3.11%

0.31%

0.23%

Jun 22

-7.30%

-6.73%

-8.25%

Jul 22

5.00%

6.56%

4.55%

Aug 22

-3.25%

-2.78%

-4.08%

Sep 22

-11.39%

-9.15%

-9.24%

Oct 22

10.07%

10.31%

8.13%

Nov 22

6.99%

7.12%

5.56%

Dec 22

-5.41%

-4.12%

-5.76%

Jan 23

4.83%

3.23%

6.29%

Feb 23

-3.33%

-2.36%

-2.51%

Mar 23

-0.86%

0.99%

3.71%

Apr 23

3.06%

2.12%

1.60%

May 23

-7.87%

-5.90%

0.46%

Jun 23

7.17%

8.08%

6.48%

Jul 23

3.27%

2.59%

3.27%

Aug 23

-3.82%

-2.34%

-1.63%

Sep 23

-8.52%

-6.25%

-5.40%

2021 Partial

9.05%

6.54%

9.06%

2022

-3.91%

-6.50%

-21.65%

2023

-7.12%

-0.70%

12.24%

TOTAL

-2.68%

-1.08%

-4.09%

Alpha over NOBL

-1.60%

Alpha over SPY

1.42%

Month

Fastest Growth

NOBL

SPY

Aug 21

5.12%

1.87%

2.98%

Sep 21

-4.42%

-5.69%

-4.66%

Oct 21

5.92%

5.95%

7.02%

Nov 21

-2.06%

-1.76%

-0.80%

Dec 21

7.09%

6.54%

4.63%

Jan 22

-4.42%

-4.08%

-5.27%

Feb 22

-0.10%

-2.59%

-2.95%

Mar 22

3.71%

3.86%

3.76%

Apr 22

-2.19%

-3.42%

-8.78%

May 22

0.12%

0.31%

0.23%

Jun 22

-8.94%

-6.73%

-8.25%

Jul 22

6.09%

6.56%

4.55%

Aug 22

-2.69%

-2.78%

-4.08%

Sep 22

-11.37%

-9.15%

-9.24%

Oct 22

13.68%

10.31%

8.13%

Nov 22

6.14%

7.12%

5.56%

Dec 22

-7.53%

-4.12%

-5.76%

Jan 23

9.41%

3.23%

6.29%

Feb 23

-3.01%

-2.36%

-2.51%

Mar 23

-1.79%

0.99%

3.71%

Apr 23

0.37%

2.12%

1.60%

May 23

-7.21%

-5.90%

0.46%

Jun 23

11.17%

8.08%

6.48%

Jul 23

3.00%

2.59%

3.27%

Aug 23

-1.86%

-2.34%

-1.63%

Sep 23

-8.14%

-6.25%

-5.40%

2021 Partial

11.62%

6.54%

9.06%

2022

-9.86%

-6.50%

-21.65%

2023

0.19%

-0.70%

12.24%

TOTAL

0.81%

-1.08%

-4.09%

Alpha over NOBL

1.89%

Alpha over SPY

4.90%

Month

Blended

NOBL

SPY

Aug 21

2.64%

1.87%

2.98%

Sep 21

-3.42%

-5.69%

-4.66%

Oct 21

2.70%

5.95%

7.02%

Nov 21

-2.56%

-1.76%

-0.80%

Dec 21

10.07%

6.54%

4.63%

Jan 22

-0.71%

-4.08%

-5.27%

Feb 22

0.49%

-2.59%

-2.95%

Mar 22

3.48%

3.86%

3.76%

Apr 22

-5.04%

-3.42%

-8.78%

May 22

1.28%

0.31%

0.23%

Jun 22

-6.23%

-6.73%

-8.25%

Jul 22

4.56%

6.56%

4.55%

Aug 22

-3.29%

-2.78%

-4.08%

Sep 22

-10.88%

-9.15%

-9.24%

Oct 22

9.97%

10.31%

8.13%

Nov 22

6.38%

7.12%

5.56%

Dec 22

-5.32%

-4.12%

-5.76%

Jan 23

4.15%

3.23%

6.29%

Feb 23

-3.45%

-2.36%

-2.51%

Mar 23

-0.31%

0.99%

3.71%

Apr 23

2.31%

2.12%

1.60%

May 23

-6.64%

-5.90%

0.46%

Jun 23

8.48%

8.08%

6.48%

Jul 23

3.38%

2.59%

3.27%

Aug 23

-2.63%

-2.34%

-1.63%

Sep 23

-8.16%

-6.25%

-5.40%

2021 Partial

9.18%

6.54%

9.06%

2022

-7.04%

-6.50%

-21.65%

2023

-3.99%

-0.70%

12.24%

TOTAL

-2.55%

-1.08%

-4.09%

Alpha over NOBL

-1.47%

Alpha over SPY

1.55%

Type

Most Undervalued

Fastest Growth

Blended

NOBL

Individual

-11.99%

3.57%

-4.16%

-1.08%

Buy-and-Hold

-2.68%

0.81%

-2.55%

-1.08%

O/U

9.31%

-2.76%

1.61%

0.00%

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