Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
NOBL vs USMV: how they differ
NOBL and USMV hold 17% of their weight in the same names, and NOBL returned more over the year.
ProShares S&P 500 Dividend Aristocrats ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, NOBL and USMV hold 17% of their money in the same securities at the same weight.
| Holding | NOBL | USMV |
|---|---|---|
| JOHNSON & JOHNSON | 1.51% | 1.49% |
| EXXONMOBIL HOLDINGS CORP | 1.56% | 1.48% |
| CHUBB LTD | 1.43% | 1.49% |
| COCA-COLA CO/THE | 1.56% | 1.28% |
| CONSOLIDATED EDISON INC | 1.38% | 1.21% |
| ROPER TECHNOLOGIES INC | 1.68% | 1.04% |
| MCDONALD'S CORP | 1.39% | 1.03% |
| PROCTER & GAMBLE CO/THE | 1.42% | 1.03% |
| COLGATE-PALMOLIVE CO | 1.38% | 0.89% |
| PEPSICO INC | 1.46% | 0.84% |
| ABBOTT LABORATORIES | 1.47% | 0.73% |
| ABBVIE INC | 1.47% | 0.73% |
| Only in NOBL | Only in USMV |
|---|---|
| BECTON DICKINSON AND CO 1.69% | AMPHENOL CORP CLASS A 1.58% |
| ERIE INDEMNITY COMPANY-CL A 1.69% | MICROSOFT 1.56% |
| TARGET CORP 1.64% | NVIDIA 1.54% |
| GENUINE PARTS CO 1.61% | WELLTOWER 1.53% |
| NUCOR CORP 1.60% | VERIZON COMMUNICATIONS INC 1.49% |
| EMERSON ELECTRIC CO 1.58% | MOTOROLA SOLUTIONS INC 1.48% |
| EXPEDITORS INTL WASH INC 1.58% | BERKSHIRE HATHAWAY INC CLASS B 1.46% |
| FASTENAL CO 1.58% | MERCK & CO INC 1.46% |
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 Sep 10, 2026 and Sep 11, 2026.
| NOBL ProShares S&P 500 Dividend Aristocrats ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | ProShares | iShares |
| What it is | S&P 500 Dividend Aristocrats | MSCI USA Min Vol Factor |
| Total return, 1 year | +9.4% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −8.1 pts | −10.9 pts |
| Expense ratio | 0.35% | 0.15% |
| Already in the S&P 500 | 100.0% | 94.8% |
| Holdings | 69 | 175 |
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 Sep 11, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 69 positions, with the top ten at 16.5%. It sat 4.8% below its high of Aug 24, 2026 on Sep 11, 2026.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, NOBL or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, NOBL returned +9.4% and USMV returned +6.6%, so NOBL returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, NOBL or USMV?
- NOBL charges 0.35% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do NOBL and USMV overlap with the S&P 500?
- By their latest filed holdings, 100% of NOBL and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 17% 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 USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/nobl-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources