NOBL vs QQQM: how much do they overlap?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) · Invesco NASDAQ 100 ETF (QQQM)
overlap by weight · 7 shared holdings
NOBL: 69 holdings (as of 2026-02-28) · QQQM: 101 holdings (as of 2026-02-28)
Low overlap
What this means
NOBL and QQQM 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 NOBL | in QQQM |
|---|---|---|---|
| Walmart, Inc. | WMT | 1.49% | 3.36% |
| Linde plc | LIN | 1.6% | 1.27% |
| PepsiCo, Inc. | PEP | 1.6% | 1.25% |
| Automatic Data Processing, Inc. | ADP | 1.16% | 0.47% |
| Cintas Corp. | CTAS | 1.43% | 0.43% |
| Fastenal Co. | FAST | 1.43% | 0.28% |
| Roper Technologies, Inc. | ROP | 1.2% | 0.2% |
FAQ
How much do NOBL and QQQM overlap?
NOBL and QQQM have a 5.4% overlap by weight, sharing 7 holdings (out of 69 in NOBL and 101 in QQQM), based on official issuer holdings as of 2026-02-28.
What does 5.4% overlap mean?
NOBL and QQQM hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do NOBL and QQQM both hold?
The largest shared positions are Walmart, Inc., Linde plc, PepsiCo, Inc., Automatic Data Processing, Inc., Cintas Corp.. The full list of top shared holdings with weights in each fund is shown on this page.