NOBL vs SPY: how much do they overlap?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) · SPDR S&P 500 ETF Trust (SPY)
overlap by weight · 67 shared holdings
NOBL: 69 holdings (as of 2026-02-28) · SPY: 504 holdings (as of 09-Jul-2026)
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
NOBL and SPY 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 SPY |
|---|---|---|---|
| Johnson & Johnson | JNJ | 1.58% | 0.96% |
| Walmart, Inc. | WMT | 1.49% | 0.76% |
| AbbVie, Inc. | ABBV | 1.49% | 0.68% |
| Caterpillar, Inc. | CAT | 1.6% | 0.67% |
| Procter & Gamble Co. (The) | PG | 1.59% | 0.53% |
| Chevron Corp. | CVX | 1.55% | 0.5% |
| Coca-Cola Co. (The) | KO | 1.57% | 0.49% |
| International Business Machines Corp. | IBM | 1.12% | 0.43% |
| Linde plc | LIN | 1.6% | 0.37% |
| McDonald's Corp. | MCD | 1.55% | 0.3% |
FAQ
How much do NOBL and SPY overlap?
NOBL and SPY have a 10% overlap by weight, sharing 67 holdings (out of 69 in NOBL and 504 in SPY), based on official issuer holdings as of 2026-02-28.
What does 10% overlap mean?
NOBL and SPY hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do NOBL and SPY both hold?
The largest shared positions are Johnson & Johnson, Walmart, Inc., AbbVie, Inc., Caterpillar, Inc., Procter & Gamble Co. (The). The full list of top shared holdings with weights in each fund is shown on this page.