DLN vs NOBL: Holdings Overlap
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (DLN: 2026-03-31, NOBL: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DLN and NOBL?
WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309 positions; ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69. They have 47 holdings in common, and by portfolio weight the two funds are 19.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 47DLN holds 309 · NOBL holds 69
- Weight in Shared Holdings
- DLN 22%·NOBL 69%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DLN
262 of 309 positions (77.6% of the fund) are not held by NOBL. Showing the top 30 by weight.
Sector Breakdown
| Sector | DLN | NOBL |
|---|---|---|
| Consumer Staples | 9.5% | 23.5% |
| Industrials | 8.6% | 21.8% |
| Information Technology | 17.8% | 3.0% |
| Financials | 17.6% | 12.7% |
| Health Care | 13.4% | 10.2% |
| Other Sectors | 33.1% | 28.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
| NOBL | +1.6% | +13.4% | +15.9% | +9.0% | +6.9% | +10.0% | 1.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DLN vs NOBL →
Shared Holdings(47)
The top 10 shared positions account for 65% of the overlap, led by ABBV, JNJ and CVX.
 ABBVAbbVie Inc. COM | 1.63% | 1.56% | 1.56% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 2.11% | 1.46% | 1.46% |
 CVXChevron Corp. COM | 2.27% | 1.44% | 1.44% |
 XOMExxon Mobil Corp. COM | 2.77% | 1.44% | 1.44% |
 PGThe Procter & Gamble Co. COM | 1.37% | 1.48% | 1.37% |
 KOCoca-Cola Co (The) COM | 1.34% | 1.55% | 1.34% |
 PEPPepsico Inc COM | 1.17% | 1.36% | 1.17% |
 WMTWalmart Inc COM | 1.14% | 1.31% | 1.14% |
 IBMInternational Business Machines Corp. COM | 0.92% | 1.71% | 0.92% |
 MCDMcDonald's Corp. COM | 0.76% | 1.36% | 0.76% |
 NEENextEra Energy Inc COM | 0.72% | 1.41% | 0.72% |
 CATCaterpillar Inc COM | 0.48% | 1.60% | 0.48% |
 ABTAbbott Laboratories COM | 0.48% | 1.35% | 0.48% |
 LOWLowes Companies, Inc. COM | 0.37% | 1.25% | 0.37% |
 ORealty Income Corporation COM | 0.35% | 1.40% | 0.35% |
 GDGeneral Dynamics Corporation COM | 0.35% | 1.56% | 0.35% |
 TGTTarget Corp. COM | 0.33% | 1.41% | 0.33% |
 ADPAutomatic Data Processing, Inc. COM | 0.29% | 1.60% | 0.29% |
 ITWIllinois Tool Works Inc. COM | 0.28% | 1.34% | 0.28% |
 CLColgate-Palmolive Co. COM | 0.26% | 1.61% | 0.26% |
 KMBKimberly-Clark Corporation COM | 0.22% | 1.48% | 0.22% |
 EDConsolidated Edison, Inc. COM | 0.20% | 1.43% | 0.20% |
 AFLAflac Incorporated COM | 0.19% | 1.42% | 0.19% |
 EMREmerson Electric Co. COM | 0.18% | 1.46% | 0.18% |
 ADMArcher-Daniels-Midland Co. COM | 0.16% | 1.67% | 0.16% |
Frequently Asked Questions
How much do DLN and NOBL overlap?
DLN and NOBL overlap by 19.4% of portfolio weight. They share 47 holdings (DLN holds 309 positions and NOBL holds 69), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DLN and NOBL?
The two portfolios are 19.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DLN and NOBL?
The largest positions held by both funds are ABBV, JNJ, CVX, XOM and PG. Together the top 10 shared positions account for 65% of the total overlap.
What does DLN own that NOBL doesn't?
262 positions (77.6% of DLN) are unique to DLN, led by NVDA, JPM and MSFT. In the other direction, 22 positions (31.0% of NOBL) are unique to NOBL.