NOBL vs SPHD overlap - what they share and where they differ
NOBL and SPHD share 15.8% of their weight across 11 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.
NOBL and SPHD
15.8%
11 shared positions
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
SPHD
Invesco S&P 500 High Dividend Low Volatility ETF
Reported positions cover 99% of the fund, 49 positions · May 31, 2026
Top 10: 29.1%·Holdings of SPHD
Reported positions cover NOBL 100%, SPHD 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPHD vs NOBL side by side
NOBLProShares S&P 500 Dividend Aristocrats ETF
69
stock positions reported to the SEC
83.7% of its weight is in 58 names SPHD does not hold
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
49
stock positions reported to the SEC
77.4% of its weight is in 38 names NOBL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Real Estate: SPHD has 21.2 points more of it.
The figures side by side
| NOBL | SPHD | |
|---|---|---|
| Filing date | May 31, 2026 | May 31, 2026 |
| Stock positions reported | 69 | 49 |
| Weight of the ten largest | 16.5% | 29.1% |
| Largest position | NUE 1.8% | VZ 3.5% |
| Held alone | 58 positions, 83.7% | 38 positions, 77.4% |
| Covered by stock positions | 100% | 99% |
Holdings they share
| Stock | In NOBL | In SPHD | Counted |
|---|---|---|---|
| FRANKLIN RESOURCES, INC. | 1.67% | 2.80% | 1.67% |
| HRLHormel Foods Corp. | 1.60% | 1.98% | 1.60% |
| TROWT. Rowe Price Group, Inc. | 1.55% | 2.08% | 1.55% |
| EVERSOURCE ENERGY | 1.50% | 1.82% | 1.50% |
| KMBKimberly-Clark Corp. | 1.48% | 2.08% | 1.48% |
| CVXChevron Corp. | 1.44% | 2.09% | 1.44% |
| EXXON MOBIL CORP. | 1.44% | 1.54% | 1.44% |
| ORealty Income Corp. | 1.40% | 2.42% | 1.40% |
| AMCRAmcor plc | 1.38% | 2.40% | 1.38% |
| CLXClorox Co. (The) | 1.32% | 1.69% | 1.32% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in NOBL
Only in SPHD
Questions people ask
Is NOBL the same as SPHD?
15.8% of their weight sits in the same 11 holdings. NOBL also reports NUE, WST, IBM, which the other does not. SPHD also reports VZ, MO, DOC, which the other does not.
How is the overlap between NOBL and SPHD 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 NOBL and 99% of SPHD, so the number cannot exceed the smaller coverage.
Which holds more, SPHD or NOBL?
NOBL reports 69 stock positions and SPHD reports 49. 83.7% of NOBL's weight sits in names SPHD does not hold, and 77.4% of SPHD's weight in names NOBL does not hold. The ten largest positions are 16.5% of NOBL and 29.1% of SPHD.
How do NOBL and SPHD differ by sector?
The widest gap is Real Estate: SPHD has 21.2 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.