NOBL vs XLI: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 67 days apart (NOBL: 2026-05-31, XLI: 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 XLI?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 15 holdings in common, and by portfolio weight the two funds are 12.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15NOBL holds 69 · XLI holds 83
- Weight in Shared Holdings
- NOBL 22%·XLI 18%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
54 of 69 positions (77.9% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | XLI |
|---|---|---|
| Industrials | 21.8% | 99.9% |
| Consumer Staples | 23.5% | 0.0% |
| Financials | 12.7% | 0.0% |
| Materials | 11.5% | 0.0% |
| Health Care | 10.2% | 0.0% |
| Other Sectors | 20.0% | 0.0% |
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(15)
The top 10 shared positions account for 91% of the overlap, led by CAT, ADP and GD.
 CATCaterpillar Inc COM | 1.60% | 6.79% | 1.60% |
|---|---|---|---|
 ADPAutomatic Data Processing, Inc. COM | 1.60% | 1.88% | 1.60% |
 GDGeneral Dynamics Corporation COM | 1.56% | 1.69% | 1.56% |
 EMREmerson Electric Co. COM | 1.46% | 1.51% | 1.46% |
 ITWIllinois Tool Works Inc. COM | 1.34% | 1.33% | 1.33% |
 CTASCintas Corporation COM | 1.42% | 1.18% | 1.18% |
 FASTFastenal Co. COM | 1.42% | 1.00% | 1.00% |
 GWWW.w. Grainger Inc. COM | 1.54% | 0.96% | 0.96% |
 DOVDover Corporation COM | 1.41% | 0.49% | 0.49% |
 EXPDExpeditors International Of Washington Inc. COM | 1.53% | 0.40% | 0.40% |
 CHRWC.H. Robinson Worldwide Inc COM NEW | 1.43% | 0.30% | 0.30% |
 NDSNNordson Corp COM | 1.49% | 0.28% | 0.28% |
 SWKStanley Black & Decker, Inc. COM | 1.53% | 0.27% | 0.27% |
 PNRPentair PLC COM USD0.01 | 1.15% | 0.19% | 0.19% |
 AOSSmith(Ao)Corp COM | 1.28% | 0.12% | 0.12% |
Frequently Asked Questions
How much do NOBL and XLI overlap?
NOBL and XLI overlap by 12.8% of portfolio weight. They share 15 holdings (NOBL holds 69 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and XLI?
The two portfolios are 12.8% 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 XLI?
The largest positions held by both funds are CAT, ADP, GD, EMR and ITW. Together the top 10 shared positions account for 91% of the total overlap.
What does NOBL own that XLI doesn't?
54 positions (77.9% of NOBL) are unique to NOBL, led by NUE, WST and IBM. In the other direction, 68 positions (81.5% of XLI) are unique to XLI.