NOBL vs PAVE: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
How similar are NOBL and PAVE?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 4 holdings in common, and by portfolio weight the two funds are 5.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4NOBL holds 69 · PAVE holds 100
- Weight in Shared Holdings
- NOBL 6%·PAVE 9%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
65 of 69 positions (93.9% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
96 of 100 positions (90.9% of the fund) are not held by NOBL. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | PAVE |
|---|---|---|
| Industrials | 21.8% | 75.1% |
| Consumer Staples | 23.5% | 0.0% |
| Materials | 11.5% | 20.3% |
| Financials | 12.7% | 0.0% |
| Health Care | 10.2% | 0.0% |
| Other Sectors | 20.0% | 4.3% |
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% |
| PAVE | +4.0% | +23.0% | +29.9% | +22.7% | +18.1% | — | 0.73% |
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 PAVE →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NUE, EMR and FAST.
Frequently Asked Questions
How much do NOBL and PAVE overlap?
NOBL and PAVE overlap by 5.3% of portfolio weight. They share 4 holdings (NOBL holds 69 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and PAVE?
The two portfolios are 5.3% 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 PAVE?
The largest positions held by both funds are NUE, EMR, FAST and PNR. Together the top 4 shared positions account for 100% of the total overlap.
What does NOBL own that PAVE doesn't?
65 positions (93.9% of NOBL) are unique to NOBL, led by WST, IBM and ADM. In the other direction, 96 positions (90.9% of PAVE) are unique to PAVE.