NOBL vs DGRO: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
Holdings snapshots are 31 days apart (NOBL: 2026-05-31, DGRO: 2026-04-30). 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 NOBL and DGRO?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394. They have 53 holdings in common, and by portfolio weight the two funds are 23.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 53NOBL holds 69 · DGRO holds 394
- Weight in Shared Holdings
- NOBL 76%·DGRO 28%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 NOBL
16 of 69 positions (23.8% of the fund) are not held by DGRO.
Sector Breakdown
| Sector | NOBL | DGRO |
|---|---|---|
| Consumer Staples | 23.5% | 11.5% |
| Industrials | 21.8% | 11.5% |
| Financials | 12.7% | 21.1% |
| Information Technology | 3.0% | 18.5% |
| Health Care | 10.2% | 16.4% |
| Other Sectors | 28.5% | 20.8% |
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 |
|---|---|---|---|---|---|---|---|
| NOBL | +1.6% | +13.4% | +15.9% | +9.0% | +6.9% | +10.0% | 1.99% |
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
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 NOBL vs DGRO →
Shared Holdings(53)
The top 10 shared positions account for 58% of the overlap, led by ABBV, KO and PG.
 ABBVAbbVie Inc. COM | 1.56% | 2.52% | 1.56% |
|---|---|---|---|
 KOCoca-Cola Co (The) COM | 1.55% | 1.79% | 1.55% |
 PGThe Procter & Gamble Co. COM | 1.48% | 2.07% | 1.48% |
 JNJJohnson & Johnson COM | 1.46% | 2.64% | 1.46% |
 XOMExxon Mobil Corp. COM | 1.44% | 2.90% | 1.44% |
 PEPPepsico Inc COM | 1.36% | 1.70% | 1.36% |
 IBMInternational Business Machines Corp. COM | 1.71% | 1.27% | 1.27% |
 NEENextEra Energy Inc COM | 1.41% | 1.23% | 1.23% |
 MCDMcDonald's Corp. COM | 1.36% | 1.04% | 1.04% |
 WMTWalmart Inc COM | 1.31% | 0.95% | 0.95% |
 CATCaterpillar Inc COM | 1.60% | 0.79% | 0.79% |
 ABTAbbott Laboratories COM | 1.35% | 0.79% | 0.79% |
 MDTMedtronic PLC USD0.0001 | 1.32% | 0.72% | 0.72% |
 LINLinde PLC COM EUR0.001 | 1.47% | 0.64% | 0.64% |
 ADPAutomatic Data Processing, Inc. COM | 1.60% | 0.58% | 0.58% |
 LOWLowes Companies, Inc. COM | 1.25% | 0.57% | 0.57% |
 APDAir Products & Chemicals, Inc. COM | 1.39% | 0.39% | 0.39% |
 ITWIllinois Tool Works Inc. COM | 1.34% | 0.39% | 0.39% |
 CLColgate-Palmolive Co. COM | 1.61% | 0.34% | 0.34% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.39% | 0.32% | 0.32% |
 GDGeneral Dynamics Corporation COM | 1.56% | 0.31% | 0.31% |
 EDConsolidated Edison, Inc. COM | 1.43% | 0.28% | 0.28% |
 EMREmerson Electric Co. COM | 1.46% | 0.28% | 0.28% |
 AFLAflac Incorporated COM | 1.42% | 0.26% | 0.26% |
 SPGIS&P Global Inc COM | 1.40% | 0.25% | 0.25% |
Frequently Asked Questions
How much do NOBL and DGRO overlap?
NOBL and DGRO overlap by 23.1% of portfolio weight. They share 53 holdings (NOBL holds 69 positions and DGRO holds 394), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and DGRO?
The two portfolios are 23.1% 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 NOBL and DGRO?
The largest positions held by both funds are ABBV, KO, PG, JNJ and XOM. Together the top 10 shared positions account for 58% of the total overlap.
What does NOBL own that DGRO doesn't?
16 positions (23.8% of NOBL) are unique to NOBL, led by BEN, HRL and SJM. In the other direction, 341 positions (71.8% of DGRO) are unique to DGRO.