SDY vs NOBL: Holdings Overlap
SDYState Street® SPDR® S&P® Dividend ETF
State Street (SPDR) · 154 holdings · $22.0B · as of 2026-08-06
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
Holdings snapshots are 67 days apart (SDY: 2026-08-06, NOBL: 2026-05-31). 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 SDY and NOBL?
State Street® SPDR® S&P® Dividend ETF (SDY, by State Street (SPDR)) holds 154 positions; ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69. They have 67 holdings in common, and by portfolio weight the two funds are 53.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 53.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 67SDY holds 154 · NOBL holds 69
- Weight in Shared Holdings
- SDY 56%·NOBL 97%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 SDY
87 of 154 positions (43.9% of the fund) are not held by NOBL. Showing the top 30 by weight.
Sector Breakdown
| Sector | SDY | NOBL |
|---|---|---|
| Consumer Staples | 15.2% | 23.5% |
| Industrials | 18.7% | 21.8% |
| Utilities | 13.2% | 5.7% |
| Financials | 12.5% | 12.7% |
| Materials | 7.6% | 11.5% |
| Other Sectors | 32.7% | 24.5% |
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 |
|---|---|---|---|---|---|---|---|
| SDY | +1.4% | +14.8% | +16.9% | +10.8% | +7.8% | +9.4% | 2.36% |
| NOBL | +1.6% | +13.4% | +15.9% | +9.0% | +6.9% | +10.0% | 1.99% |
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 SDY vs NOBL →
Shared Holdings(67)
The top 10 shared positions account for 26% of the overlap, led by KMB, KVUE and ADP.
 KMBKimberly-Clark Corporation COM | 1.52% | 1.48% | 1.48% |
|---|---|---|---|
 KVUEKenvue Inc. COM | 1.54% | 1.46% | 1.46% |
 ADPAutomatic Data Processing, Inc. COM | 1.46% | 1.60% | 1.46% |
 CVXChevron Corp. COM | 1.80% | 1.44% | 1.44% |
 TGTTarget Corp. COM | 1.59% | 1.41% | 1.41% |
 ORealty Income Corporation COM | 2.15% | 1.40% | 1.40% |
 BDXBecton, Dickinson and Company COM | 1.37% | 1.38% | 1.37% |
 PEPPepsico Inc COM | 1.91% | 1.36% | 1.36% |
 EDConsolidated Edison, Inc. COM | 1.33% | 1.43% | 1.33% |
 MDTMedtronic PLC USD0.0001 | 1.65% | 1.32% | 1.32% |
 ABTAbbott Laboratories COM | 1.27% | 1.35% | 1.27% |
 PGThe Procter & Gamble Co. COM | 1.25% | 1.48% | 1.25% |
 MCDMcDonald's Corp. COM | 1.23% | 1.36% | 1.23% |
 KOCoca-Cola Co (The) COM | 1.18% | 1.55% | 1.18% |
 IBMInternational Business Machines Corp. COM | 1.17% | 1.71% | 1.17% |
 SYYSysco Corporation COM | 1.16% | 1.49% | 1.16% |
 NEENextEra Energy Inc COM | 1.15% | 1.41% | 1.15% |
 ABBVAbbVie Inc. COM | 1.13% | 1.56% | 1.13% |
 ESEversource Energy COM | 1.10% | 1.50% | 1.10% |
 ITWIllinois Tool Works Inc. COM | 1.09% | 1.34% | 1.09% |
 APDAir Products & Chemicals, Inc. COM | 1.07% | 1.39% | 1.07% |
 LOWLowes Companies, Inc. COM | 1.04% | 1.25% | 1.04% |
 ADMArcher-Daniels-Midland Co. COM | 1.03% | 1.67% | 1.03% |
 CLColgate-Palmolive Co. COM | 1.00% | 1.61% | 1.00% |
 PPGPPG Industries, Inc. COM | 1.00% | 1.49% | 1.00% |
Frequently Asked Questions
How much do SDY and NOBL overlap?
SDY and NOBL overlap by 53.7% of portfolio weight. They share 67 holdings (SDY holds 154 positions and NOBL holds 69), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SDY and NOBL?
The two portfolios are 53.7% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SDY and NOBL?
The largest positions held by both funds are KMB, KVUE, ADP, CVX and TGT. Together the top 10 shared positions account for 26% of the total overlap.
What does SDY own that NOBL doesn't?
87 positions (43.9% of SDY) are unique to SDY, led by VZ, ACN and NKE. In the other direction, 2 positions (2.9% of NOBL) are unique to NOBL.