SPHD vs NOBL: Holdings Overlap
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
Invesco · 49 holdings · $3.4B · as of 2026-05-31
NOBLProShares S&P 500 Dividend Aristocrats ETF
ProShares · 69 holdings · $11.9B · as of 2026-05-31
How similar are SPHD and NOBL?
Invesco S&P 500 High Dividend Low Volatility ETF (SPHD, by Invesco) holds 49 positions; ProShares S&P 500 Dividend Aristocrats ETF (NOBL, by ProShares) holds 69. They have 11 holdings in common, and by portfolio weight the two funds are 15.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SPHD holds 49 · NOBL holds 69
- Weight in Shared Holdings
- SPHD 22%·NOBL 16%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 SPHD
38 of 49 positions (77.5% of the fund) are not held by NOBL. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPHD | NOBL |
|---|---|---|
| Consumer Staples | 18.1% | 23.5% |
| Industrials | 1.4% | 21.8% |
| Real Estate | 21.2% | 4.6% |
| Financials | 16.0% | 12.7% |
| Utilities | 13.8% | 5.7% |
| Other Sectors | 28.8% | 31.5% |
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 |
|---|---|---|---|---|---|---|---|
| SPHD | +1.0% | +12.8% | +14.8% | +12.6% | +8.0% | +7.2% | 4.54% |
| 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 SPHD vs NOBL →
Shared Holdings(11)
The top 10 shared positions account for 93% of the overlap, led by BEN, HRL and TROW.
 BENFranklin Resources, Inc. | 2.80% | 1.67% | 1.67% |
|---|---|---|---|
 HRLHormel Foods Corp. | 1.98% | 1.60% | 1.60% |
 TROWT. Rowe Price Group, Inc. | 2.08% | 1.55% | 1.55% |
 ESEversource Energy | 1.82% | 1.50% | 1.50% |
 KMBKimberly-Clark Corp. | 2.08% | 1.48% | 1.48% |
 CVXChevron Corp. | 2.09% | 1.44% | 1.44% |
 XOMExxon Mobil Corp. | 1.54% | 1.44% | 1.44% |
 ORealty Income Corp. | 2.42% | 1.40% | 1.40% |
 AMCRAmcor PLC | 2.40% | 1.38% | 1.38% |
 CLXClorox Co. (The) | 1.69% | 1.32% | 1.32% |
 GPCGenuine Parts Co. | 1.03% | 1.26% | 1.03% |
Frequently Asked Questions
How much do SPHD and NOBL overlap?
SPHD and NOBL overlap by 15.8% of portfolio weight. They share 11 holdings (SPHD holds 49 positions and NOBL holds 69), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPHD and NOBL?
The two portfolios are 15.8% 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 SPHD and NOBL?
The largest positions held by both funds are BEN, HRL, TROW, ES and KMB. Together the top 10 shared positions account for 93% of the total overlap.
What does SPHD own that NOBL doesn't?
38 positions (77.5% of SPHD) are unique to SPHD, led by VZ, MO and DOC. In the other direction, 58 positions (83.7% of NOBL) are unique to NOBL.