IWD vs NOBL: how much do they overlap?
iShares Russell 1000 Value ETF (IWD) · ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
overlap by weight · 65 shared holdings
IWD: 866 holdings (as of 2026-03-31) · NOBL: 69 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Low overlap
What this means
IWD and NOBL hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold — it answers "how much of my money is in the same stocks either way?" See methodology.
Top shared holdings
| Company | Ticker | in IWD | in NOBL |
|---|---|---|---|
| EXXON MOBIL CORPORATION | XOM | 2.36% | 1.58% |
| JOHNSON & JOHNSON | JNJ | 1.94% | 1.58% |
| WALMART INC. | WMT | 1.6% | 1.49% |
| CHEVRON CORPORATION | CVX | 1.28% | 1.55% |
| THE PROCTER & GAMBLE COMPANY | PG | 1.12% | 1.59% |
| CATERPILLAR INC. | CAT | 0.95% | 1.6% |
| LINDE PUBLIC LIMITED COMPANY | LIN | 0.77% | 1.6% |
| INTERNATIONAL BUSINESS MACHINES CORPORATION | IBM | 0.74% | 1.12% |
| MCDONALD'S CORPORATION | MCD | 0.69% | 1.55% |
| NEXTERA ENERGY, INC. | NEE | 0.64% | 1.55% |
FAQ
How much do IWD and NOBL overlap?
IWD and NOBL have a 18.3% overlap by weight, sharing 65 holdings (out of 866 in IWD and 69 in NOBL), based on official issuer holdings as of 2026-03-31.
What does 18.3% overlap mean?
IWD and NOBL hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do IWD and NOBL both hold?
The largest shared positions are EXXON MOBIL CORPORATION, JOHNSON & JOHNSON, WALMART INC., CHEVRON CORPORATION, THE PROCTER & GAMBLE COMPANY. The full list of top shared holdings with weights in each fund is shown on this page.