Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
NOBL vs PVAL: how they differ
NOBL and PVAL hold 6% of their weight in the same names, and PVAL returned more over the year.
ProShares S&P 500 Dividend Aristocrats ETF and Putnam Focused Large Cap Value ETF.
What they hold in common
By the books each fund has filed, NOBL and PVAL hold 6% of their money in the same securities at the same weight.
| Holding | NOBL | PVAL |
|---|---|---|
| Coca-Cola Co. (The) | 1.55% | 2.85% |
| Exxon Mobil Corp. | 1.44% | 3.66% |
| NextEra Energy, Inc. | 1.41% | 2.00% |
| Walmart, Inc. | 1.31% | 1.39% |
| Only in NOBL | Only in PVAL |
|---|---|
| Nucor Corp. 1.77% | CISCO SYSTEMS INC 6.06% |
| West Pharmaceutical Services, Inc. 1.73% | CITIGROUP INC 4.68% |
| International Business Machines Corp. 1.71% | ALPHABET INC 3.33% |
| Archer-Daniels-Midland Co. 1.68% | ADVANCED MICRO DEVICES INC 3.09% |
| Franklin Resources, Inc. 1.67% | SEAGATE TECHNOLOGY HOLDINGS PLC 3.08% |
| Colgate-Palmolive Co. 1.62% | AMAZON.COM INC 2.96% |
| Caterpillar, Inc. 1.61% | MICROSOFT CORP 2.96% |
| Automatic Data Processing, Inc. 1.61% | FREEPORT-MCMORAN INC 2.95% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and May 31, 2026.
| NOBL ProShares S&P 500 Dividend Aristocrats ETF | PVAL Putnam Focused Large Cap Value ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | ProShares | Putnam |
| What it is | S&P 500 Dividend Aristocrats | Putnam Focused Large Cap Value |
| Total return, 1 year | +9.4% | +28.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.1 pts | +10.8 pts |
| Expense ratio | 0.35% | not published |
| Already in the S&P 500 | 100.0% | 94.9% |
| Holdings | 69 | 45 |
NOBL in plain words
NOBL is an index equity fund tracking the S&P 500 Dividend Aristocrats. Over the year to Sep 11, 2026 it returned +9.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 16.6%. It sat 4.8% below its high of Aug 24, 2026 on Sep 11, 2026.
PVAL in plain words
PVAL is an index equity fund tracking the Putnam Focused Large Cap Value. Over the year to Sep 11, 2026 it returned +28.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for May 29, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 45 positions, with the top ten at 35.6%.
Questions people ask
- Which returned more over the last year, NOBL or PVAL?
- In the year to Sep 12, 2026, with distributions reinvested, NOBL returned +9.4% and PVAL returned +28.4%, so PVAL returned more. One year is one year; the longer windows are in the table.
- How much do NOBL and PVAL overlap with the S&P 500?
- By their latest filed holdings, 100% of NOBL and 95% of PVAL by weight is stocks the S&P 500 already holds. Between the two funds, 6% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NOBL against PVAL, data as of Sep 12, 2026. https://etfiq.com/compare/any/NOBL-PVAL Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources