NOBL vs QQQ: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 61 days apart (NOBL: 2026-05-31, QQQ: 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 QQQ?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 7 holdings in common, and by portfolio weight the two funds are 5.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7NOBL holds 69 · QQQ holds 101
- Weight in Shared Holdings
- NOBL 10%·QQQ 7%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
62 of 69 positions (89.8% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | QQQ |
|---|---|---|
| Information Technology | 3.0% | 49.7% |
| Consumer Staples | 23.5% | 8.5% |
| Industrials | 21.8% | 4.2% |
| Communication Services | 0.0% | 16.0% |
| Financials | 12.7% | 0.2% |
| Other Sectors | 38.7% | 21.2% |
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by WMT, LIN and PEP.
 WMTWalmart, Inc. | 1.31% | 3.43% | 1.31% |
|---|---|---|---|
 LINLinde plc | 1.47% | 1.30% | 1.30% |
 PEPPepsiCo, Inc. | 1.36% | 1.20% | 1.20% |
 ADPAutomatic Data Processing, Inc. | 1.60% | 0.46% | 0.46% |
 CTASCintas Corp. | 1.42% | 0.38% | 0.38% |
 FASTFastenal Co. | 1.42% | 0.30% | 0.30% |
 ROPRoper Technologies, Inc. | 1.31% | 0.21% | 0.21% |
Frequently Asked Questions
How much do NOBL and QQQ overlap?
NOBL and QQQ overlap by 5.2% of portfolio weight. They share 7 holdings (NOBL holds 69 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and QQQ?
The two portfolios are 5.2% 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 QQQ?
The largest positions held by both funds are WMT, LIN, PEP, ADP and CTAS. Together the top 7 shared positions account for 100% of the total overlap.
What does NOBL own that QQQ doesn't?
62 positions (89.8% of NOBL) are unique to NOBL, led by NUE, WST and IBM. In the other direction, 94 positions (92.6% of QQQ) are unique to QQQ.