NOBL vs SPHD: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
How similar are NOBL and SPHD?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49. They have 11 holdings in common, and by portfolio weight the two funds are 15.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11NOBL holds 69 · SPHD holds 49
- Weight in Shared Holdings
- NOBL 16%·SPHD 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
58 of 69 positions (83.7% of the fund) are not held by SPHD. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | SPHD |
|---|---|---|
| Consumer Staples | 23.5% | 18.1% |
| Industrials | 21.8% | 1.4% |
| Real Estate | 4.6% | 21.2% |
| Financials | 12.7% | 16.0% |
| Utilities | 5.7% | 13.8% |
| Other Sectors | 31.5% | 28.8% |
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% |
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
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 SPHD →
Shared Holdings(11)
The top 10 shared positions account for 93% of the overlap, led by BEN, HRL and TROW.
 BENFranklin Resources, Inc. | 1.67% | 2.80% | 1.67% |
|---|---|---|---|
 HRLHormel Foods Corp. | 1.60% | 1.98% | 1.60% |
 TROWT. Rowe Price Group, Inc. | 1.55% | 2.08% | 1.55% |
 ESEversource Energy | 1.50% | 1.82% | 1.50% |
 KMBKimberly-Clark Corp. | 1.48% | 2.08% | 1.48% |
 CVXChevron Corp. | 1.44% | 2.09% | 1.44% |
 XOMExxon Mobil Corp. | 1.44% | 1.54% | 1.44% |
 ORealty Income Corp. | 1.40% | 2.42% | 1.40% |
 AMCRAmcor plc | 1.38% | 2.40% | 1.38% |
 CLXClorox Co. (The) | 1.32% | 1.69% | 1.32% |
 GPCGenuine Parts Co. | 1.26% | 1.03% | 1.03% |
Frequently Asked Questions
How much do NOBL and SPHD overlap?
NOBL and SPHD overlap by 15.8% of portfolio weight. They share 11 holdings (NOBL holds 69 positions and SPHD holds 49), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and SPHD?
The two portfolios are 15.8% 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 SPHD?
The largest positions held by both funds are BEN, HRL, TROW, ES and KMB. Together the top 10 shared positions account for 93% of the total overlap.
What does NOBL own that SPHD doesn't?
58 positions (83.7% of NOBL) are unique to NOBL, led by NUE, WST and IBM. In the other direction, 38 positions (77.5% of SPHD) are unique to SPHD.