Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
NOBL vs XLI: how they differ
NOBL and XLI hold 12% of their weight in the same names, and XLI returned more over the year.
ProShares S&P 500 Dividend Aristocrats ETF and State Street(R) Industrial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, NOBL and XLI hold 12% of their money in the same securities at the same weight.
| Holding | NOBL | XLI |
|---|---|---|
| Caterpillar, Inc. | 1.61% | 8.52% |
| General Dynamics Corp. | 1.57% | 1.56% |
| Automatic Data Processing, Inc. | 1.61% | 1.55% |
| Emerson Electric Co. | 1.46% | 1.39% |
| Illinois Tool Works, Inc. | 1.34% | 1.23% |
| WW Grainger, Inc. | 1.55% | 1.03% |
| Cintas Corp. | 1.43% | 1.00% |
| Fastenal Co. | 1.42% | 0.96% |
| Dover Corp. | 1.41% | 0.52% |
| CH Robinson Worldwide, Inc. | 1.43% | 0.39% |
| Expeditors International of Washington, | 1.54% | 0.37% |
| Nordson Corp. | 1.49% | 0.28% |
| Only in NOBL | Only in XLI |
|---|---|
| Nucor Corp. 1.77% | General Electric Co 6.77% |
| West Pharmaceutical Services, Inc. 1.73% | GE Vernova Inc 5.48% |
| International Business Machines Corp. 1.71% | RTX Corp 4.44% |
| Archer-Daniels-Midland Co. 1.68% | Boeing Co/The 2.96% |
| Franklin Resources, Inc. 1.67% | Eaton Corp PLC 2.87% |
| Colgate-Palmolive Co. 1.62% | Union Pacific Corp 2.81% |
| Hormel Foods Corp. 1.61% | Deere & Co 2.77% |
| JM Smucker Co. (The) 1.58% | Uber Technologies Inc 2.55% |
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 | XLI State Street(R) Industrial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | ProShares | State Street |
| What it is | S&P 500 Dividend Aristocrats | Industrials |
| Total return, 1 year | +9.4% | +14.3% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.1 pts | −3.3 pts |
| Expense ratio | 0.35% | 0.08% |
| Already in the S&P 500 | 100.0% | 100.0% |
| Holdings | 69 | 81 |
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.
XLI in plain words
XLI is an index equity fund tracking the Industrials. Over the year to Sep 11, 2026 it returned +14.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 81 positions, with the top ten at 41.4%. It sat 7.6% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, NOBL or XLI?
- In the year to Sep 12, 2026, with distributions reinvested, NOBL returned +9.4% and XLI returned +14.3%, so XLI returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, NOBL or XLI?
- NOBL charges 0.35% a year and XLI charges 0.08%, so XLI is cheaper. Fees come from each fund's prospectus.
- How much do NOBL and XLI overlap with the S&P 500?
- By their latest filed holdings, 100% of NOBL and 100% of XLI by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.
Other comparisons
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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 XLI, data as of Sep 12, 2026. https://etfiq.com/compare/any/NOBL-XLI Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources