MGV vs NOBL overlap - what they share and where they differ
MGV and NOBL share 19.1% of their weight across 23 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
MGV and NOBL
19.1%
23 shared positions
MGV
VANGUARD MEGA CAP VALUE INDEX FUND
Reported positions cover 100% of the fund, 119 positions · May 31, 2026
Top 10: 29.3%·Holdings of MGV
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
Reported positions cover 100% of the fund, 69 positions · May 31, 2026
Top 10: 16.5%·Holdings of NOBL
Reported positions cover MGV 100%, NOBL 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
NOBL vs MGV side by side
MGVVANGUARD MEGA CAP VALUE INDEX FUND
119
stock positions reported to the SEC
77.2% of its weight is in 96 names NOBL does not hold
NOBLProShares S&P 500 Dividend Aristocrats ETF
69
stock positions reported to the SEC
66.2% of its weight is in 46 names MGV does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Consumer Cyclical: NOBL has 12.9 points more of it.
The figures side by side
| MGV | NOBL | |
|---|---|---|
| Filing date | May 31, 2026 | May 31, 2026 |
| Stock positions reported | 119 | 69 |
| Weight of the ten largest | 29.3% | 16.5% |
| Largest position | MU 5.3% | NUE 1.8% |
| Held alone | 96 positions, 77.2% | 46 positions, 66.2% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In MGV | In NOBL | Counted |
|---|---|---|---|
| CATCaterpillar Inc | 1.96% | 1.60% | 1.60% |
| ABBVAbbVie Inc | 1.85% | 1.56% | 1.56% |
| PGProcter & Gamble Co/The | 1.60% | 1.48% | 1.48% |
| JNJJohnson & Johnson | 2.61% | 1.46% | 1.46% |
| CVXChevron Corp | 1.66% | 1.44% | 1.44% |
| IBMInternational Business Machines Corp | 1.34% | 1.71% | 1.34% |
| KOCoca-Cola Co/The | 1.31% | 1.55% | 1.31% |
| WMTWalmart Inc | 2.44% | 1.31% | 1.31% |
| LINLinde PLC | 1.11% | 1.47% | 1.11% |
| PEPPepsiCo Inc | 0.95% | 1.36% | 0.95% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in MGV
Only in NOBL
Questions people ask
Is MGV the same as NOBL?
19.1% of their weight sits in the same 23 holdings. MGV also reports MU, BRK.A, JPMORGAN CHASE & CO, which the other does not. NOBL also reports NUE, WST, ADM, which the other does not.
How is the overlap between MGV and NOBL measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of MGV and 100% of NOBL, so the number cannot exceed the smaller coverage.
Which holds more, NOBL or MGV?
MGV reports 119 stock positions and NOBL reports 69. 77.2% of MGV's weight sits in names NOBL does not hold, and 66.2% of NOBL's weight in names MGV does not hold. The ten largest positions are 29.3% of MGV and 16.5% of NOBL.
How do MGV and NOBL differ by sector?
The widest gap is Consumer Cyclical: NOBL has 12.9 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.