ProShares - S&P MidCap 400 Dividend Aristocrats ETF (REGL) Fund Overview

ProShares - S&P MidCap 400 Dividend Aristocrats ETF Company Overview

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.

What Is the Investment Thesis for REGL?

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

REGL 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.

Who Are REGL's Competitors?

REGL is benchmarked below against 3 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are REGL's Key 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.

What Are REGL's 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.

What Are the Key Risks for REGL?

Rising interest rates could reduce the attractiveness of dividend stocks relative to bonds.

• Economic slowdown could negatively impact the ability of companies to maintain or increase dividends.
• Changes in the methodology of the S&P MidCap 400 Dividend Aristocrats Index could affect the fund's performance.
• Market volatility could lead to fluctuations in the fund's net asset value (NAV).

What Are REGL's 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.

What Does REGL 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 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 Products and Services Does REGL Offer?

• 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.

How Does REGL Make Money?

• 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.

What Industry Does REGL Operate In?

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.

Who Are REGL's 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.

REGL Financials

REGL Latest News

REGL Analyst Consensus

REGL MoonshotScore

Investor Questions: REGL Stock

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