NOBL vs XLE: how much do they overlap?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) · Energy Select Sector SPDR ETF (XLE)
overlap by weight · 1 shared holdings
NOBL: 69 holdings (as of 2026-02-28) · XLE: 21 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 XLE 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 XLE |
|---|---|---|---|
| Chevron Corp. | CVX | 1.55% | 14.67% |
FAQ
How much do NOBL and XLE overlap?
NOBL and XLE have a 1.6% overlap by weight, sharing 1 holdings (out of 69 in NOBL and 21 in XLE), based on official issuer holdings as of 2026-02-28.
What does 1.6% overlap mean?
NOBL and XLE hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do NOBL and XLE both hold?
The largest shared positions are Chevron Corp.. The full list of top shared holdings with weights in each fund is shown on this page.