NOBL vs DLN: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
Holdings snapshots are 61 days apart (NOBL: 2026-05-31, DLN: 2026-03-31). 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 NOBL and DLN?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309. 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
- 47NOBL holds 69 · DLN holds 309
- Weight in Shared Holdings
- NOBL 69%·DLN 22%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
22 of 69 positions (31.0% of the fund) are not held by DLN.
Sector Breakdown
| Sector | NOBL | DLN |
|---|---|---|
| Consumer Staples | 23.5% | 9.5% |
| Industrials | 21.8% | 8.6% |
| Information Technology | 3.0% | 17.8% |
| Financials | 12.7% | 17.6% |
| Health Care | 10.2% | 13.4% |
| Other Sectors | 28.5% | 33.1% |
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% |
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
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 DLN →
Shared Holdings(47)
The top 10 shared positions account for 65% of the overlap, led by ABBV, JNJ and CVX.
 ABBVAbbVie Inc. COM | 1.56% | 1.63% | 1.56% |
|---|---|---|---|
 JNJJohnson & Johnson COM | 1.46% | 2.11% | 1.46% |
 CVXChevron Corp. COM | 1.44% | 2.27% | 1.44% |
 XOMExxon Mobil Corp. COM | 1.44% | 2.77% | 1.44% |
 PGThe Procter & Gamble Co. COM | 1.48% | 1.37% | 1.37% |
 KOCoca-Cola Co (The) COM | 1.55% | 1.34% | 1.34% |
 PEPPepsico Inc COM | 1.36% | 1.17% | 1.17% |
 WMTWalmart Inc COM | 1.31% | 1.14% | 1.14% |
 IBMInternational Business Machines Corp. COM | 1.71% | 0.92% | 0.92% |
 MCDMcDonald's Corp. COM | 1.36% | 0.76% | 0.76% |
 NEENextEra Energy Inc COM | 1.41% | 0.72% | 0.72% |
 CATCaterpillar Inc COM | 1.60% | 0.48% | 0.48% |
 ABTAbbott Laboratories COM | 1.35% | 0.48% | 0.48% |
 LOWLowes Companies, Inc. COM | 1.25% | 0.37% | 0.37% |
 ORealty Income Corporation COM | 1.40% | 0.35% | 0.35% |
 GDGeneral Dynamics Corporation COM | 1.56% | 0.35% | 0.35% |
 TGTTarget Corp. COM | 1.41% | 0.33% | 0.33% |
 ADPAutomatic Data Processing, Inc. COM | 1.60% | 0.29% | 0.29% |
 ITWIllinois Tool Works Inc. COM | 1.34% | 0.28% | 0.28% |
 CLColgate-Palmolive Co. COM | 1.61% | 0.26% | 0.26% |
 KMBKimberly-Clark Corporation COM | 1.48% | 0.22% | 0.22% |
 EDConsolidated Edison, Inc. COM | 1.43% | 0.20% | 0.20% |
 AFLAflac Incorporated COM | 1.42% | 0.19% | 0.19% |
 EMREmerson Electric Co. COM | 1.46% | 0.18% | 0.18% |
 ADMArcher-Daniels-Midland Co. COM | 1.67% | 0.16% | 0.16% |
Frequently Asked Questions
How much do NOBL and DLN overlap?
NOBL and DLN overlap by 19.4% of portfolio weight. They share 47 holdings (NOBL holds 69 positions and DLN holds 309), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and DLN?
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 NOBL and DLN?
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 NOBL own that DLN doesn't?
22 positions (31.0% of NOBL) are unique to NOBL, led by BEN, HRL and SJM. In the other direction, 262 positions (77.6% of DLN) are unique to DLN.