NOBL vs XLP: Holdings Overlap
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 67 days apart (NOBL: 2026-05-31, XLP: 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 XLP?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 16 holdings in common, and by portfolio weight the two funds are 19.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16NOBL holds 69 · XLP holds 34
- Weight in Shared Holdings
- NOBL 23%·XLP 53%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
53 of 69 positions (76.2% of the fund) are not held by XLP. Showing the top 30 by weight.
Sector Breakdown
| Sector | NOBL | XLP |
|---|---|---|
| Consumer Staples | 23.5% | 99.8% |
| Industrials | 21.8% | 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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(16)
The top 10 shared positions account for 77% of the overlap, led by ADM, CL and KO.
 ADMArcher-Daniels-Midland Co. COM | 1.67% | 2.37% | 1.67% |
|---|---|---|---|
 CLColgate-Palmolive Co. COM | 1.61% | 4.67% | 1.61% |
 KOCoca-Cola Co (The) COM | 1.55% | 7.17% | 1.55% |
 CHDChurch & Dwight Co Inc. COM | 1.50% | 1.56% | 1.50% |
 SYYSysco Corporation COM | 1.49% | 2.56% | 1.49% |
 KMBKimberly-Clark Corporation COM | 1.48% | 2.29% | 1.48% |
 PGThe Procter & Gamble Co. COM | 1.48% | 7.29% | 1.48% |
 KVUEKenvue Inc. COM | 1.46% | 2.34% | 1.46% |
 TGTTarget Corp. COM | 1.41% | 4.25% | 1.41% |
 PEPPepsico Inc COM | 1.36% | 4.33% | 1.36% |
 WMTWalmart Inc COM | 1.31% | 10.47% | 1.31% |
 MKCMcCormick & Company, Incorporated COM NON VTG | 1.34% | 0.84% | 0.84% |
 CLXThe Clorox Company COM | 1.32% | 0.81% | 0.81% |
 SJMThe J M Smucker Company COM NEW | 1.58% | 0.81% | 0.81% |
 HRLHormel Foods Corp COM | 1.60% | 0.47% | 0.47% |
 BF-BBrown-Forman Corp., Class B | 1.31% | 0.30% | 0.30% |
Frequently Asked Questions
How much do NOBL and XLP overlap?
NOBL and XLP overlap by 19.6% of portfolio weight. They share 16 holdings (NOBL holds 69 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NOBL and XLP?
The two portfolios are 19.6% 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 XLP?
The largest positions held by both funds are ADM, CL, KO, CHD and SYY. Together the top 10 shared positions account for 77% of the total overlap.
What does NOBL own that XLP doesn't?
53 positions (76.2% of NOBL) are unique to NOBL, led by NUE, WST and IBM. In the other direction, 18 positions (47.3% of XLP) are unique to XLP.