NOBL vs KNG: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF
First Trust · 69 holdings · $3.5B · as of 2026-04-30
Holdings snapshots are 31 days apart (NOBL: 2026-05-31, KNG: 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 KNG?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG, by First Trust) holds 69. They have 69 holdings in common, and by portfolio weight the two funds are 97.5% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 97.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 69NOBL holds 69 · KNG holds 69
- Weight in Shared Holdings
- NOBL 100%·KNG 100%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
Every position in NOBL is also held by KNG, so it brings nothing the other fund doesn’t already own.
Only in KNG
Every position in KNG is also held by NOBL, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | NOBL | KNG |
|---|---|---|
| Consumer Staples | 23.5% | 23.5% |
| Industrials | 21.8% | 21.8% |
| Financials | 12.7% | 12.7% |
| Materials | 11.5% | 11.5% |
| Health Care | 10.2% | 10.2% |
| Other Sectors | 20.0% | 20.5% |
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 |
|---|---|---|---|---|---|---|---|
| NOBL | +1.6% | +13.4% | +15.9% | +9.0% | +6.9% | +10.0% | 1.99% |
| KNG | +1.6% | +11.1% | +13.7% | +7.8% | +6.0% | — | 8.10% |
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 KNG →
Shared Holdings(69)
The top 10 shared positions account for 16% of the overlap, led by CAT, BEN and WST.
 CATCaterpillar Inc COM | 1.60% | 1.62% | 1.60% |
|---|---|---|---|
 BENFranklin Resources Inc. COM | 1.67% | 1.60% | 1.60% |
 WSTWest Pharmaceutical Services Incorporated COM | 1.72% | 1.58% | 1.58% |
 NUENucor Corporation COM | 1.76% | 1.58% | 1.58% |
 ADMArcher-Daniels-Midland Co. COM | 1.67% | 1.55% | 1.55% |
 GDGeneral Dynamics Corporation COM | 1.56% | 1.54% | 1.54% |
 KOCoca-Cola Co (The) COM | 1.55% | 1.53% | 1.53% |
 ADPAutomatic Data Processing, Inc. COM | 1.60% | 1.52% | 1.52% |
 CLColgate-Palmolive Co. COM | 1.61% | 1.52% | 1.52% |
 ESSEssex Property Trust, Inc. COM | 1.58% | 1.51% | 1.51% |
 TROWPrice T Rowe Group Inc. COM | 1.55% | 1.51% | 1.51% |
 CHDCHURCH and DWIGHT CO INC COMMON STOCK USD1.0 | 1.50% | 1.52% | 1.50% |
 ABBVAbbVie Inc. COM | 1.56% | 1.50% | 1.50% |
 ESEversource Energy COM | 1.50% | 1.54% | 1.50% |
 SWKSTANLEY BLACK and DECKER INC COMMON STOCK USD2.5 | 1.53% | 1.49% | 1.49% |
 SJMThe J M Smucker Company COM NEW | 1.58% | 1.49% | 1.49% |
 NDSNNordson Corp COM | 1.49% | 1.48% | 1.48% |
 KMBKimberly-Clark Corporation COM | 1.48% | 1.48% | 1.48% |
 PGThe Procter & Gamble Co. COM | 1.48% | 1.50% | 1.48% |
 LINLinde PLC COM EUR0.001 | 1.47% | 1.47% | 1.47% |
 HRLHormel Foods Corp COM | 1.60% | 1.47% | 1.47% |
 KVUEKenvue Inc. COM | 1.46% | 1.47% | 1.46% |
 JNJJohnson & Johnson COM | 1.46% | 1.48% | 1.46% |
 SYYSysco Corporation COM | 1.49% | 1.45% | 1.45% |
 FRTFederal Realty Investment Trust SH BEN INT NEW | 1.58% | 1.45% | 1.45% |
Frequently Asked Questions
How much do NOBL and KNG overlap?
NOBL and KNG overlap by 97.5% of portfolio weight. They share 69 holdings (NOBL holds 69 positions and KNG holds 69), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and KNG?
The two portfolios are 97.5% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of NOBL and KNG?
The largest positions held by both funds are CAT, BEN, WST, NUE and ADM. Together the top 10 shared positions account for 16% of the total overlap.
What does NOBL own that KNG doesn't?
Nothing. Every position in NOBL is also held by KNG. In the other direction, 0 positions (0.0% of KNG) are unique to KNG.