Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
NOBL vs SPY: how they differ
NOBL and SPY hold 11% of their weight in the same names, and SPY returned more over the year.
ProShares S&P 500 Dividend Aristocrats ETF and SPDR S&P 500 ETF Trust.
What they hold in common
By the books each fund has filed, NOBL and SPY hold 11% of their money in the same securities at the same weight.
| Holding | NOBL | SPY |
|---|---|---|
| Johnson & Johnson | 1.47% | 0.95% |
| Exxon Mobil Corp. | 1.44% | 0.88% |
| Walmart, Inc. | 1.31% | 0.77% |
| Caterpillar, Inc. | 1.61% | 0.76% |
| AbbVie, Inc. | 1.56% | 0.69% |
| Procter & Gamble Co. (The) | 1.48% | 0.53% |
| Coca-Cola Co. (The) | 1.55% | 0.49% |
| Chevron Corp. | 1.44% | 0.48% |
| International Business Machines Corp. | 1.71% | 0.41% |
| Linde plc | 1.48% | 0.37% |
| McDonald's Corp. | 1.36% | 0.30% |
| PepsiCo, Inc. | 1.37% | 0.29% |
| Only in NOBL | Only in SPY |
|---|---|
| NVIDIA Corp. 7.52% | |
| Apple, Inc. 6.59% | |
| Microsoft Corp. 4.30% | |
| Amazon.com, Inc. 3.62% | |
| Alphabet, Inc. 3.25% | |
| Broadcom, Inc. 2.77% | |
| Alphabet, Inc. 2.59% | |
| Micron Technology, Inc. 2.02% |
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 Jun 30, 2026 and May 31, 2026.
| NOBL ProShares S&P 500 Dividend Aristocrats ETF | SPY SPDR S&P 500 ETF Trust | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | ProShares | State Street |
| What it is | S&P 500 Dividend Aristocrats | S&P 500, book from IVV |
| Total return, 1 year | +9.4% | +17.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.1 pts | 0.0 pts |
| Expense ratio | 0.35% | 0.09% |
| Already in the S&P 500 | 100.0% | 100.0% |
| Holdings | 69 | 504 |
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.
SPY in plain words
SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 504 positions, with the top ten at 36.4%.
Questions people ask
- Which returned more over the last year, NOBL or SPY?
- In the year to Sep 12, 2026, with distributions reinvested, NOBL returned +9.4% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, NOBL or SPY?
- NOBL charges 0.35% a year and SPY charges 0.09%, so SPY is cheaper. Fees come from each fund's prospectus.
- How much do NOBL and SPY overlap with the S&P 500?
- By their latest filed holdings, 100% of NOBL and 100% of SPY by weight is stocks the S&P 500 already holds. Between the two funds, 11% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 SPY, data as of Sep 12, 2026. https://etfiq.com/compare/any/NOBL-SPY Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources