Dividend Aristocrats are members of the S&P 500 Index ($SPX) that are best known for providing reliable income to investors. To qualify, the company needs a history of 25 years or more of consecutive dividend increases. Broadly speaking, companies with this type of long-term earnings stability might be favorites for yield hunters, but they're not necessarily prized for their breakout price action on the charts.
To that point, the S&P 500 Dividend Aristocrats ETF (NOBL) has underperformed considerably this year. NOBL is down 3.9% so far in 2023, compared to a gain of 13.6% for the wider S&P 500.
