ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) with AI Score 46/100 (Weak). ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) aims to replicate the performance of the S&P MidCap 400 Dividend Aristocrats Index. Market cap: 0, Sector: Unknown.
Last analyzed: Mar 18, 2026ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) Business Overview & Investment Profile
ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) provides exposure to mid-cap companies within the S&P MidCap 400 Index that have a history of increasing dividends for at least 15 years. The ETF offers investors a focused approach to dividend growth investing within the mid-cap space.
Investment Thesis
REGL offers a targeted approach to dividend growth investing within the mid-cap space. The ETF's focus on companies with a history of increasing dividends for at least 15 years provides a degree of stability and potential for consistent returns. With a beta of 1.00, REGL's volatility is similar to the broader market. However, the absence of a current dividend yield may deter some income-seeking investors. The fund's performance is closely tied to the performance of the S&P MidCap 400 Dividend Aristocrats Index, making it susceptible to market fluctuations and sector-specific risks within the mid-cap segment. The fund's ability to maintain its investment strategy and accurately track the index will be crucial for its long-term success.
Based on FMP financials and quantitative analysis
Key Highlights
- REGL tracks the S&P MidCap 400 Dividend Aristocrats Index, providing exposure to dividend-growing mid-cap companies.
- The fund invests at least 80% of its assets in components of the index or similar instruments.
- REGL offers a focused approach to dividend growth investing within the mid-cap equity market.
- The ETF's beta is 1.00, indicating market-level volatility.
- REGL currently has no dividend yield, which may impact its attractiveness to income-focused investors.
Competitors & Peers
Strengths
- Focus on dividend-growing mid-cap companies.
- Established track record of tracking the S&P MidCap 400 Dividend Aristocrats Index.
- Transparent investment strategy.
- Relatively low expense ratio.
Weaknesses
- No current dividend yield.
- Concentrated exposure to mid-cap equities.
- Dependence on the performance of the S&P MidCap 400 Dividend Aristocrats Index.
- Susceptibility to market fluctuations.
Catalysts
- Upcoming: Annual reconstitution of the S&P MidCap 400 Dividend Aristocrats Index in January 2027 may lead to portfolio adjustments and potential price movements.
- Ongoing: Increased investor interest in dividend-paying stocks due to macroeconomic uncertainty could drive inflows.
- Ongoing: Continued growth in the ETF market may lead to greater awareness and adoption of REGL.
Risks
- Potential: Rising interest rates could reduce the attractiveness of dividend stocks relative to bonds.
- Potential: Economic slowdown could negatively impact the ability of companies to maintain or increase dividends.
- Potential: Changes in the methodology of the S&P MidCap 400 Dividend Aristocrats Index could affect the fund's performance.
- Ongoing: Market volatility could lead to fluctuations in the fund's net asset value (NAV).
Growth Opportunities
- Increased investor demand for dividend-focused strategies: The growing popularity of dividend investing, particularly among retirees and income-seeking investors, presents a significant growth opportunity for REGL. As investors search for stable income streams in a low-interest-rate environment, REGL's focus on dividend-growing mid-cap companies could attract increased inflows. The market size for dividend ETFs is estimated to reach $500 billion by 2028, providing a substantial runway for growth.
- Expansion of the S&P MidCap 400 Dividend Aristocrats Index: The potential addition of new companies to the S&P MidCap 400 Dividend Aristocrats Index could enhance REGL's diversification and attractiveness. As more mid-cap companies meet the criteria of consistently increasing dividends for at least 15 years, the index will expand, providing REGL with a broader investment universe. This expansion could lead to improved risk-adjusted returns and increased investor interest. The index is reviewed annually, providing ongoing opportunities for growth and diversification.
- Strategic partnerships with financial advisors and institutions: Collaborating with financial advisors and institutions to promote REGL as a core holding in dividend-focused portfolios could drive significant growth. By educating advisors and institutions about the benefits of REGL's targeted approach to dividend growth investing, ProShares can increase awareness and adoption of the ETF. The market for institutional investment in ETFs is substantial, representing a significant growth opportunity for REGL. These partnerships can be established within the next 1-2 years.
- Development of complementary ETF products: ProShares could expand its product line by launching complementary ETFs that focus on different segments of the dividend growth market, such as small-cap or international dividend aristocrats. This would allow ProShares to offer a more comprehensive suite of dividend-focused investment solutions, catering to a wider range of investor preferences. The development of these products could be completed within the next 3 years, further solidifying ProShares' position in the dividend ETF market.
- Increased marketing and educational initiatives: Investing in marketing and educational initiatives to raise awareness of REGL's unique value proposition could attract new investors. By highlighting the ETF's focus on dividend-growing mid-cap companies and its potential for stable returns, ProShares can differentiate REGL from its competitors. These initiatives could include online advertising, webinars, and educational materials for financial advisors and individual investors. The impact of these initiatives could be seen within the next 6-12 months.
Opportunities
- Increased investor demand for dividend-focused strategies.
- Expansion of the S&P MidCap 400 Dividend Aristocrats Index.
- Strategic partnerships with financial advisors and institutions.
- Development of complementary ETF products.
Threats
- Rising interest rates could reduce the attractiveness of dividend stocks.
- Economic downturn could negatively impact dividend payouts.
- Increased competition from other dividend ETFs.
- Changes in the composition of the S&P MidCap 400 Dividend Aristocrats Index.
Competitive Advantages
- Focus on dividend-growing mid-cap companies.
- Established track record of tracking the S&P MidCap 400 Dividend Aristocrats Index.
- Brand recognition of ProShares as an ETF provider.
- Low expense ratio compared to actively managed funds.
About REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is designed to track the performance of the S&P MidCap 400 Dividend Aristocrats Index. This index is composed of mid-sized companies within the S&P MidCap 400 Index that have consistently increased their dividend payouts for a minimum of 15 consecutive years. The ETF offers investors a targeted approach to dividend growth investing within the mid-cap equity market. ProShare Advisors manages the fund, utilizing financial instruments to mirror the index's performance. The fund invests at least 80% of its total assets in components of the index or similar instruments. REGL provides a way for investors to gain exposure to companies with a proven track record of dividend growth, potentially offering a combination of capital appreciation and income. The ETF's focus on dividend consistency can be attractive to investors seeking stable returns and a hedge against market volatility. As of 2026, REGL continues to be a popular choice for investors looking for dividend-focused mid-cap exposure.
What They Do
- Tracks the performance of the S&P MidCap 400 Dividend Aristocrats Index.
- Invests in mid-cap companies with a history of increasing dividends for at least 15 years.
- Provides exposure to dividend growth investing within the mid-cap equity market.
- Offers a targeted approach to dividend investing.
- Invests at least 80% of its assets in index components or similar instruments.
- Managed by ProShare Advisors.
Business Model
- Tracks the S&P MidCap 400 Dividend Aristocrats Index.
- Generates revenue through management fees.
- Replicates index performance using financial instruments.
- Attracts investors seeking dividend growth and capital appreciation.
Industry Context
REGL operates within the broader exchange-traded fund (ETF) market, specifically targeting the dividend growth investment strategy. The ETF market has experienced substantial growth in recent years, driven by increasing investor demand for diversified, low-cost investment vehicles. REGL competes with other dividend-focused ETFs, but differentiates itself by focusing exclusively on mid-cap companies with a consistent history of dividend increases. The performance of REGL is closely tied to the overall health and performance of the mid-cap equity market, as well as the specific sectors represented within the S&P MidCap 400 Dividend Aristocrats Index.
Key Customers
- Retail investors seeking dividend income.
- Financial advisors building dividend-focused portfolios.
- Institutional investors seeking exposure to mid-cap dividend growth stocks.
- Retirees looking for stable income streams.
Financials
Chart & Info
ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) stock price: Price data unavailable
Latest News
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Some Dividend ETFs Are Proving Their Durability
· Dec 19, 2018
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for REGL.
Price Targets
Wall Street price target analysis for REGL.
MoonshotScore
What does this score mean?
The MoonshotScore rates REGL's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Classification
Industry UnknownLatest ProShares - S&P MidCap 400 Dividend Aristocrats ETF Analysis
REGL Unknown Stock FAQ
What does ProShares S&P MidCap 400 Dividend Aristocrats ETF do?
ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is designed to track the performance of the S&P MidCap 400 Dividend Aristocrats Index. This index comprises mid-sized companies within the S&P MidCap 400 Index that have consistently increased their dividend payouts for at least 15 consecutive years. REGL offers investors a targeted approach to dividend growth investing within the mid-cap equity market, providing exposure to companies with a proven track record of dividend growth and potential capital appreciation. The ETF invests at least 80% of its total assets in components of the index or similar instruments.
What do analysts say about REGL stock?
AI analysis is currently pending for REGL. However, ETFs like REGL are generally evaluated based on factors such as expense ratio, tracking error, liquidity, and the underlying index's performance. Investors typically consider the fund's ability to accurately replicate the index's returns, its cost-effectiveness compared to similar ETFs, and its trading volume. Analyst reports often focus on the overall outlook for mid-cap equities and the dividend growth potential of the companies included in the S&P MidCap 400 Dividend Aristocrats Index. Investors should conduct their own due diligence and consider their individual investment objectives before investing.
What are the main risks for REGL?
The main risks for REGL include market risk, concentration risk, and dividend risk. Market risk refers to the potential for the overall mid-cap equity market to decline, negatively impacting the fund's performance. Concentration risk arises from the fund's focus on a specific segment of the market (mid-cap dividend aristocrats), which may make it more vulnerable to sector-specific or company-specific risks. Dividend risk relates to the possibility that companies within the index may reduce or eliminate their dividend payouts, which could negatively impact the fund's income stream and overall returns. Additionally, rising interest rates could reduce the attractiveness of dividend stocks relative to bonds.
What are the key factors to evaluate for REGL?
ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) currently holds an AI score of 46/100, indicating low score. Key strength: Focus on dividend-growing mid-cap companies.. Primary risk to monitor: Potential: Rising interest rates could reduce the attractiveness of dividend stocks relative to bonds.. This is not financial advice.
How frequently does REGL data refresh on this page?
REGL prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven REGL's recent stock price performance?
Recent price movement in ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Focus on dividend-growing mid-cap companies.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider REGL overvalued or undervalued right now?
Determining whether ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying REGL?
Before investing in ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis is pending, limiting the depth of insights.
- The absence of a current dividend yield may impact the attractiveness of the fund to some investors.