NOBL vs SPLV: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
SPLVInvesco S&P 500 Low Volatility ETF
Invesco · 100 holdings · $7.2B · as of 2026-05-31
How similar are NOBL and SPLV?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; Invesco S&P 500 Low Volatility ETF (SPLV, by Invesco) holds 100. They have 25 holdings in common, and by portfolio weight the two funds are 25.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25NOBL holds 69 · SPLV holds 100
- Weight in Shared Holdings
- NOBL 36%·SPLV 25%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
44 of 69 positions (63.5% of the fund) are not held by SPLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | SPLV |
|---|---|---|
| Utilities | 5.7% | 25.0% |
| Consumer Staples | 23.5% | 9.4% |
| Industrials | 21.8% | 12.2% |
| Financials | 12.7% | 21.0% |
| Real Estate | 4.6% | 17.7% |
| Other Sectors | 31.5% | 14.3% |
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% |
| SPLV | -0.7% | +8.1% | +6.1% | +9.1% | +6.0% | +8.3% | 2.12% |
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 SPLV →
Shared Holdings(25)
The top 10 shared positions account for 45% of the overlap, led by O, KO and LIN.
 ORealty Income Corp. | 1.40% | 1.19% | 1.19% |
|---|---|---|---|
 KOCoca-Cola Co. (The) | 1.55% | 1.18% | 1.18% |
 LINLinde plc | 1.47% | 1.17% | 1.17% |
 MCDMcDonald's Corp. | 1.36% | 1.16% | 1.16% |
 JNJJohnson & Johnson | 1.46% | 1.15% | 1.15% |
 ATOAtmos Energy Corp. | 1.35% | 1.14% | 1.14% |
 AFLAflac, Inc. | 1.42% | 1.10% | 1.10% |
 FRTFederal Realty Investment Trust | 1.58% | 1.09% | 1.09% |
 EDConsolidated Edison, Inc. | 1.43% | 1.08% | 1.08% |
 PGProcter & Gamble Co. (The) | 1.48% | 1.07% | 1.07% |
 AEXChubb Ltd. | 1.39% | 1.06% | 1.06% |
 CTASCintas Corp. | 1.42% | 1.05% | 1.05% |
 CLColgate-Palmolive Co. | 1.61% | 0.96% | 0.96% |
 CINFCincinnati Financial Corp. | 1.39% | 0.96% | 0.96% |
 ECLEcolab, Inc. | 1.39% | 0.95% | 0.95% |
 MDTMedtronic plc | 1.32% | 0.93% | 0.93% |
 ADPAutomatic Data Processing, Inc. | 1.60% | 0.92% | 0.92% |
 GDGeneral Dynamics Corp. | 1.56% | 0.92% | 0.92% |
 ESSEssex Property Trust, Inc. | 1.58% | 0.91% | 0.91% |
 ITWIllinois Tool Works, Inc. | 1.34% | 0.89% | 0.89% |
 CHDChurch & Dwight Co., Inc. | 1.50% | 0.89% | 0.89% |
 CVXChevron Corp. | 1.44% | 0.88% | 0.88% |
 NDSNNordson Corp. | 1.49% | 0.87% | 0.87% |
 PEPPepsiCo, Inc. | 1.36% | 0.84% | 0.84% |
 WMTWalmart, Inc. | 1.31% | 0.78% | 0.78% |
Frequently Asked Questions
How much do NOBL and SPLV overlap?
NOBL and SPLV overlap by 25.1% of portfolio weight. They share 25 holdings (NOBL holds 69 positions and SPLV holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and SPLV?
The two portfolios are 25.1% 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 SPLV?
The largest positions held by both funds are O, KO, LIN, MCD and JNJ. Together the top 10 shared positions account for 45% of the total overlap.
What does NOBL own that SPLV doesn't?
44 positions (63.5% of NOBL) are unique to NOBL, led by NUE, WST and IBM. In the other direction, 75 positions (74.5% of SPLV) are unique to SPLV.