NOBL vs XLP overlap - what they share and where they differ
NOBL and XLP share 18.7% of their weight across 15 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 XLP
18.7%
15 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
XLP
State Street(R) Consumer Staples Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 34 positions · Jun 30, 2026
Top 10: 62.4%·Holdings of XLP
Reported positions cover NOBL 100%, XLP 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLP vs NOBL side by side
NOBLProShares S&P 500 Dividend Aristocrats ETF
69
stock positions reported to the SEC
77.8% of its weight is in 54 names XLP does not hold
XLPState Street(R) Consumer Staples Select Sector SPDR(R) ETF
34
stock positions reported to the SEC
48.1% of its weight is in 19 names NOBL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Consumer Defensive: XLP has 51.5 points more of it.
The figures side by side
| NOBL | XLP | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 69 | 34 |
| Weight of the ten largest | 16.5% | 62.4% |
| Largest position | NUE 1.8% | WMT 10.8% |
| Held alone | 54 positions, 77.8% | 19 positions, 48.1% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In NOBL | In XLP | Counted |
|---|---|---|---|
| ADMArcher-Daniels-Midland Co. | 1.67% | 2.39% | 1.67% |
| CLColgate-Palmolive Co. | 1.61% | 4.70% | 1.61% |
| KOCoca-Cola Co. (The) | 1.55% | 6.85% | 1.55% |
| CHDChurch & Dwight Co., Inc. | 1.50% | 1.49% | 1.49% |
| SYYSysco Corp. | 1.49% | 2.59% | 1.49% |
| KMBKimberly-Clark Corp. | 1.48% | 2.36% | 1.48% |
| PGProcter & Gamble Co. (The) | 1.48% | 7.43% | 1.48% |
| KVUEKenvue, Inc. | 1.46% | 2.38% | 1.46% |
| TGTTarget Corp. | 1.41% | 3.85% | 1.41% |
| PEPPepsiCo, Inc. | 1.36% | 4.32% | 1.36% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in NOBL
Only in XLP
Questions people ask
Is NOBL the same as XLP?
18.7% of their weight sits in the same 15 holdings. NOBL also reports NUE, WST, IBM, which the other does not. XLP also reports COST, PM, MO, which the other does not.
How is the overlap between NOBL and XLP 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 100% of XLP, so the number cannot exceed the smaller coverage.
Which holds more, XLP or NOBL?
NOBL reports 69 stock positions and XLP reports 34. 77.8% of NOBL's weight sits in names XLP does not hold, and 48.1% of XLP's weight in names NOBL does not hold. The ten largest positions are 16.5% of NOBL and 62.4% of XLP.
How do NOBL and XLP differ by sector?
The widest gap is Consumer Defensive: XLP has 51.5 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.