NOBL vs SPY: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (NOBL: 2026-05-31, SPY: 2026-08-06). 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 SPY?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 68 holdings in common, and by portfolio weight the two funds are 9.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 68NOBL holds 69 · SPY holds 504
- Weight in Shared Holdings
- NOBL 98%·SPY 10%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
Sector Breakdown
| Sector | NOBL | SPY |
|---|---|---|
| Information Technology | 3.0% | 37.6% |
| Consumer Staples | 23.5% | 4.5% |
| Industrials | 21.8% | 8.8% |
| Financials | 12.7% | 12.3% |
| Materials | 11.5% | 1.8% |
| Other Sectors | 27.2% | 34.9% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(68)
The top 10 shared positions account for 55% of the overlap, led by JNJ, WMT and ABBV.
 JNJJohnson & Johnson COM | 1.46% | 0.93% | 0.93% |
|---|---|---|---|
 WMTWalmart Inc COM | 1.31% | 0.74% | 0.74% |
 ABBVAbbVie Inc. COM | 1.56% | 0.65% | 0.65% |
 CATCaterpillar Inc COM | 1.60% | 0.59% | 0.59% |
 CVXChevron Corp. COM | 1.44% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 1.48% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.55% | 0.51% | 0.51% |
 LINLinde PLC COM EUR0.001 | 1.47% | 0.34% | 0.34% |
 IBMInternational Business Machines Corp. COM | 1.71% | 0.33% | 0.33% |
 MCDMcDonald's Corp. COM | 1.36% | 0.30% | 0.30% |
 PEPPepsico Inc COM | 1.36% | 0.29% | 0.29% |
 ABTAbbott Laboratories COM | 1.35% | 0.28% | 0.28% |
 NEENextEra Energy Inc COM | 1.41% | 0.27% | 0.27% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.39% | 0.19% | 0.19% |
 SPGIS&P Global Inc COM | 1.40% | 0.19% | 0.19% |
 LOWLowes Companies, Inc. COM | 1.25% | 0.18% | 0.18% |
 MDTMedtronic PLC USD0.0001 | 1.32% | 0.17% | 0.17% |
 ADPAutomatic Data Processing, Inc. COM | 1.60% | 0.16% | 0.16% |
 GDGeneral Dynamics Corporation COM | 1.56% | 0.15% | 0.15% |
 EMREmerson Electric Co. COM | 1.46% | 0.13% | 0.13% |
 SHWThe Sherwin-Williams Company COM | 1.33% | 0.13% | 0.13% |
 ITWIllinois Tool Works Inc. COM | 1.34% | 0.12% | 0.12% |
 CLColgate-Palmolive Co. COM | 1.61% | 0.11% | 0.11% |
 ECLEcolab Inc. COM | 1.39% | 0.11% | 0.11% |
 CTASCintas Corporation COM | 1.42% | 0.10% | 0.10% |
Frequently Asked Questions
How much do NOBL and SPY overlap?
NOBL and SPY overlap by 9.9% of portfolio weight. They share 68 holdings (NOBL holds 69 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and SPY?
The two portfolios are 9.9% 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 SPY?
The largest positions held by both funds are JNJ, WMT, ABBV, CAT and CVX. Together the top 10 shared positions account for 55% of the total overlap.
What does NOBL own that SPY doesn't?
1 positions (1.4% of NOBL) are unique to NOBL, led by XOM. In the other direction, 436 positions (90.0% of SPY) are unique to SPY.