NOBL vs XLP: how much do they overlap?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) · Consumer Staples Select Sector SPDR ETF (XLP)
overlap by weight · 16 shared holdings
NOBL: 69 holdings (as of 2026-02-28) · XLP: 34 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 XLP 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 XLP |
|---|---|---|---|
| Sysco Corp. | SYY | 1.64% | 2.54% |
| Colgate-Palmolive Co. | CL | 1.62% | 4.66% |
| PepsiCo, Inc. | PEP | 1.6% | 4.4% |
| Procter & Gamble Co. (The) | PG | 1.59% | 7.43% |
| Coca-Cola Co. (The) | KO | 1.57% | 6.95% |
| Kimberly-Clark Corp. | KMB | 1.54% | 2.37% |
| Kenvue, Inc. | KVUE | 1.52% | 2.39% |
| Target Corp. | TGT | 1.49% | 3.89% |
| Walmart, Inc. | WMT | 1.49% | 10.69% |
| Church & Dwight Co., Inc. | CHD | 1.58% | 1.47% |
FAQ
How much do NOBL and XLP overlap?
NOBL and XLP have a 20% overlap by weight, sharing 16 holdings (out of 69 in NOBL and 34 in XLP), based on official issuer holdings as of 2026-02-28.
What does 20% overlap mean?
NOBL and XLP hold mostly different stocks. Combining them genuinely spreads your exposure across different parts of the market.
Which stocks do NOBL and XLP both hold?
The largest shared positions are Sysco Corp., Colgate-Palmolive Co., PepsiCo, Inc., Procter & Gamble Co. (The), Coca-Cola Co. (The). The full list of top shared holdings with weights in each fund is shown on this page.