VS

Correlation: 89.5%

What is FDL?

FDL was created on 2006-03-09 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. FDL tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.

What is NOBL?

NOBL was created on 2013-10-09 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. NOBL tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years.

Key Details

FDL
NOBL
Website
www.ftportfolios.com
www.proshares.com
Inception Date

Mar 09, 2006

Oct 09, 2013

Asset Class

Equity

Equity

Investment Segment

High Dividend Yield

Large Cap

AUM
$4.90B
$10.68B
Dividend Yield
5.37%
2.35%
Expense Ratio
0.45%
0.35%
Return 1Y
6.20%
-5.90%

Holdings

Traded Fund III First Trust Morningstar Dividend Leaders Index Fund - FDL is made up of 95 holdings. ProShares S&P 500 Dividend Aristocrats ETF - NOBL is made up of 69 holdings.

Name
Weight
V
VZVerizon Communications, Inc.

8.72%

C
CVXChevron Corp.

7.87%

A
ABBVAbbVie, Inc.

7.8%

P
PFEPfizer Inc.

6.57%

P
PMPhilip Morris International, Inc.

6.41%

M
MOAltria Group, Inc.

5.1%

I
IBMInternational Business Machines Corp.

4.28%

F
FFord Motor Co.

3.48%

U
UPSUnited Parcel Service, Inc.

3.04%

G
GILDGilead Sciences, Inc.

2.72%

C
CVSCVS Health Corp.

2.52%

D
DUKDuke Energy Corp.

2.47%

U
USBU.S. Bancorp

2.1%

T
TFCTruist Financial Corp.

1.83%

P
PNCThe PNC Financial Services Group, Inc.

1.74%

O
OKEONEOK, Inc.

1.69%

K
KMIKinder Morgan, Inc.

1.66%

A
AEPAmerican Electric Power Co., Inc.

1.5%

P
PRUPrudential Financial, Inc.

1.33%

E
EXCExelon Corp.

1.28%

K
KMBKimberly-Clark Corp.

1.2%

D
DOWDow, Inc.

1.16%

K
KHCThe Kraft Heinz Co.

1.02%

E
EIXEdison International

0.94%

X
XELXcel Energy, Inc.

0.94%

W
WECWEC Energy Group, Inc.

0.85%

L
LYBLyondellBasell Industries NV

0.83%

E
ESEversource Energy

0.75%

E
ETREntergy Corp.

0.74%

T
TROWT. Rowe Price Group, Inc.

0.74%

Name
Weight
E
EDConsolidated Edison, Inc.

1.85%

K
KOThe Coca-Cola Co.

1.76%

A
ABBVAbbVie, Inc.

1.74%

S
SJMThe J. M. Smucker Co.

1.73%

B
BROBrown & Brown, Inc.

1.69%

M
MCDMcDonald's Corp.

1.67%

K
KMBKimberly-Clark Corp.

1.67%

K
KVUEKenvue, Inc.

1.67%

A
ATOAtmos Energy Corp.

1.65%

C
CBChubb Ltd.

1.64%

J
JNJJohnson & Johnson

1.63%

C
CLColgate-Palmolive Co.

1.61%

I
IBMInternational Business Machines Corp.

1.6%

R
ROPRoper Technologies, Inc.

1.59%

A
ABTAbbott Laboratories

1.59%

M
MKCMcCormick & Co., Inc.

1.57%

E
ESEversource Energy

1.57%

E
ERIEErie Indemnity Co.

1.57%

P
PGProcter & Gamble Co.

1.55%

C
CAHCardinal Health, Inc.

1.55%

O
ORealty Income Corp.

1.55%

H
HRLHormel Foods Corp.

1.55%

L
LINLinde Plc

1.54%

B
BF.BBrown-Forman Corp.

1.54%

C
CTASCintas Corp.

1.54%

C
CHDChurch & Dwight Co., Inc.

1.54%

P
PEPPepsiCo, Inc.

1.53%

F
FASTFastenal Co.

1.52%

A
AFLAflac, Inc.

1.52%

E
ECLEcolab, Inc.

1.51%

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Stock Correlation

The stocks that are correlated to FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund are ITW, BRK.B, PNC, L, PFG

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
I
ITWIllinois Tool Works Inc.
77.12%$64.07B-16.82%2.70%
B
BRK.BBerkshire Hathaway, Inc.
74.76%$1.06T+18.80%0.00%
P
PNCThe PNC Financial Services Group, Inc.
74.21%$59.27B-7.21%4.29%
L
LLoews Corp.
72.92%$17.13B+8.33%0.31%
P
PFGPrincipal Financial Group, Inc.
72.76%$15.69B-16.00%4.22%
F
FITBFifth Third Bancorp
72.62%$22.33B-8.16%4.43%
M
METMetLife, Inc.
71.68%$46.61B-6.12%3.22%
P
PRUPrudential Financial, Inc.
71.17%$33.67B-16.78%5.59%
S
STTState Street Corp.
70.80%$21.74B-1.71%4.05%
L
LYBLyondellBasell Industries NV
70.74%$17.22B-49.19%10.40%
U
USBU.S. Bancorp
70.44%$56.71B-17.16%5.55%
B
BKThe Bank of New York Mellon Corp.
70.17%$52.77B+28.50%2.53%
T
TFCTruist Financial Corp.
69.93%$45.58B-10.39%6.01%
K
KIMKimco Realty Corp.
69.61%$12.71B-1.32%5.33%
R
RFRegions Financial Corp.
69.39%$16.61B-11.36%5.46%
S
STWDStarwood Property Trust, Inc.
69.21%$5.84B-13.12%11.32%
R
RITMRithm Capital Corp.
69.13%$5.11B-10.82%10.40%
H
HBANHuntington Bancshares, Inc.
68.64%$18.24B-11.04%5.02%
O
ORIOld Republic International Corp.
68.56%$8.74B+24.34%3.12%
A
APAMArtisan Partners Asset Management, Inc.
68.33%$2.37B-26.75%8.95%

The stocks that are correlated to NOBL - ProShares S&P 500 Dividend Aristocrats ETF are ITW, NDSN, L, GGG, PFG

Name
Correlation
Market Cap
Return % (1 Year)
Div Yield %
I
ITWIllinois Tool Works Inc.
85.04%$64.07B-16.82%2.70%
N
NDSNNordson Corp.
75.47%$9.53B-38.81%1.80%
L
LLoews Corp.
74.57%$17.13B+8.33%0.31%
G
GGGGraco, Inc.
74.34%$12.45B-20.29%1.43%
P
PFGPrincipal Financial Group, Inc.
74.25%$15.69B-16.00%4.22%
L
LINLinde Plc
73.82%$195.47B-9.74%1.37%
U
UDRUDR, Inc.
73.80%$12.61B+0.58%4.52%
D
DCIDonaldson Co., Inc.
73.58%$7.07B-20.84%1.85%
S
STAGSTAG Industrial, Inc.
73.08%$5.61B-21.50%5.03%
T
TXTTextron, Inc.
73.03%$11.07B-36.74%0.13%
P
PPGPPG Industries, Inc.
72.88%$20.80B-35.54%2.95%
K
KIMKimco Realty Corp.
72.66%$12.71B-1.32%5.33%
B
BRBroadridge Financial Solutions, Inc.
72.63%$25.42B+4.82%1.60%
M
METMetLife, Inc.
72.54%$46.61B-6.12%3.22%
M
MCOMoody's Corp.
72.45%$71.36B-0.30%0.88%
O
ORIOld Republic International Corp.
72.44%$8.74B+24.34%3.12%
E
EPREPR Properties
72.40%$3.31B+2.59%8.01%
B
BRK.BBerkshire Hathaway, Inc.
72.34%$1.06T+18.80%0.00%
S
STWDStarwood Property Trust, Inc.
72.29%$5.84B-13.12%11.32%
E
EQREquity Residential
72.24%$23.47B-4.11%4.45%

ETF Correlation

The ETFs that are correlated to FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund are DHS, CDC, SCHD, SDOG, SPYD

Name
Correlation
AUM
Expense Ratio
D
DHSWisdomTree U.S. High Dividend Fund
96.49%$1.13B0.38%
C
CDCVictoryShares US EQ Income Enhanced Volatility Wtd ETF
95.02%$713.59M0.42%
S
SCHDSchwab US Dividend Equity ETF
94.63%$63.89B0.06%
S
SDOGALPS Sector Dividend Dogs ETF
94.38%$1.09B0.36%
S
SPYDSPDR Portfolio S&P 500 High Dividend ETF
94.37%$6.23B0.07%
S
SPHDInvesco S&P 500 High Dividend Low Volatility ETF
93.90%$3.22B0.3%
H
HDViShares Core High Dividend ETF
93.68%$10.55B0.08%
D
DVYiShares Select Dividend ETF
93.67%$17.90B0.38%
S
SDYSPDR Dividend ETF
91.60%$18.29B0.35%
R
RDIVTraded Fund Trust II Invesco S&P Ultra Dividend Revenue ETF
91.34%$708.53M0.39%
F
FVDTraded Fund III First Trust Value Line Dividend Index Fund
91.30%$8.43B0.6%
P
PEYInvesco High Yield Equity Dividend Achievers ETF
91.10%$1.05B0.53%
L
LVHDFranklin U.S. Low Volatility High Dividend Index ETF
90.65%$507.71M0.27%
D
DIVBiShares Core Dividend ETF
89.97%$636.93M0.05%
F
FTATraded Fund III First Trust Large Capital Value AlphaDEX Fund
89.69%$996.09M0.6%
K
KNGTraded Fund IV FT Vest S&P 500 Dividend Aristocrats Target Income ETF
89.65%$3.40B0.75%
N
NOBLProShares S&P 500 Dividend Aristocrats ETF
89.52%$10.68B0.35%
N
NULVNuveen ESG Large Cap Value ETF
89.36%$1.52B0.26%
D
DIVGlobal X SuperDividend U.S. ETF
89.07%$592.20M0.45%
S
SPYVSPDR Portfolio S&P 500 Value ETF
88.82%$22.63B0.04%

The ETFs that are correlated to NOBL - ProShares S&P 500 Dividend Aristocrats ETF are KNG, SDY, FVD, LGLV, FTCS

Name
Correlation
AUM
Expense Ratio
K
KNGTraded Fund IV FT Vest S&P 500 Dividend Aristocrats Target Income ETF
99.55%$3.40B0.75%
S
SDYSPDR Dividend ETF
98.58%$18.29B0.35%
F
FVDTraded Fund III First Trust Value Line Dividend Index Fund
97.24%$8.43B0.6%
L
LGLVSPDR SSGA US Large Cap Low Volatility Index ETF
94.99%$876.11M0.12%
F
FTCSTraded Fund III First Trust Capital Strength ETF
94.60%$7.86B0.54%
S
SCHDSchwab US Dividend Equity ETF
93.21%$63.89B0.06%
N
NULVNuveen ESG Large Cap Value ETF
93.08%$1.52B0.26%
S
SPLVInvesco S&P 500 Low Volatility ETF
93.01%$6.99B0.25%
V
VOEVanguard Mid Cap Value ETF
92.72%$15.62B0.07%
S
SPYDSPDR Portfolio S&P 500 High Dividend ETF
92.60%$6.23B0.07%
S
SDOGALPS Sector Dividend Dogs ETF
92.40%$1.09B0.36%
D
DGROiShares Core Dividend Growth ETF
92.38%$27.55B0.08%
I
IUSViShares Core S&P U.S.Value ETF
92.22%$18.24B0.04%
S
SPYVSPDR Portfolio S&P 500 Value ETF
92.12%$22.63B0.04%
V
VOOVVanguard S&P 500 Value ETF
92.09%$4.71B0.07%
I
IVEiShares S&P 500 Value ETF
92.01%$33.48B0.18%
S
SCHVSchwab U.S. Large Cap Value ETF
91.73%$10.74B0.04%
V
VTVVanguard Value ETF
91.37%$120.99B0.04%
U
USMViShares MSCI USA Min Vol Factor ETF
91.35%$22.07B0.15%
D
DIVBiShares Core Dividend ETF
91.28%$636.93M0.05%

Holding Overlap

FDL - Traded Fund III First Trust Morningstar Dividend Leaders Index Fund and NOBL - ProShares S&P 500 Dividend Aristocrats ETF have a 10 holding overlap. Which accounts for a 8.8% overlap.

Number of overlapping holdings

10

% of overlapping holdings

8.78%

Name
Weight in FDL
Weight in NOBL
C
CVXChevron Corp.
7.87%1.43%
A
ABBVAbbvie Inc
7.80%1.74%
I
IBMInternational Business Machines Corp.
4.28%1.60%
K
KMBKimberly-Clark Corp.
1.20%1.67%
E
ESEversource Energy
0.75%1.57%
T
TROWT. Rowe Price Group Inc.
0.74%1.14%
C
CLXClorox Co.
0.44%1.39%
S
SJMJ.M. Smucker Co.
0.36%1.73%
S
SWKStanley Black & Decker Inc
0.28%1.07%
B
BENFranklin Resources, Inc.
0.25%1.34%

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