PAVE holdings and overlap

Name: PAVE holdings, overlap with other US ETFs, cost and risk
Creator: TickerInside
License: https://creativecommons.org/licenses/by/4.0/

PAVE holds 100 positions in its Global X file of 2026-10-13. Its three largest are Emerson Electric (EMR) at 3.64%, Fastenal (FAST) at 3.59% and Deere (DE) at 3.43%, and its ten largest make up 33.1% of the fund.

In its Global X file of 2026-10-13, PAVE is 76.2% industrials, 19.2% materials and 3.1% utilities by sector, with none of it in mega-cap tech or in the ten largest US companies by market value.

Edited by VoidLab Data through 2026-10-13 Last revised 2026-10-14

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PAVEGlobal X U.S. Infrastructure Development ETFInfrastructure, Global X, 100 positions

Last close, 2026-10-12

$53.37 -0.15%

52-week range 46 to 60

Largest position

EMR

3.64% of the ETF, Emerson Electric

Positions

100

33.1% in the ten largest

Cost per year

0.47%

$47 a year on $10,000

Assets

$13.4B

under management

Return, 3 years

+89.5%

cumulative, total return

Worst fall

-24.5%

peak to trough, 3 years, weekly closes

What does PAVE hold, as of its issuer file of 2026-10-13?

Emerson Electric is 3.64% of PAVE on its own, against a median largest position of 6.2% across the 5 Infrastructure funds with a page here. No fund with a page here holds more EMR than PAVE does, out of the 86 that hold it at all.

Rank	Company	Weight
1	EMR Emerson Electric	3.64%
2	FAST Fastenal	3.59%
3	DE Deere	3.43%
4	PWR Quanta Services	3.4%
5	NUE Nucor	3.39%
6	ETN Eaton	3.33%
7	TT Trane Technologies	3.21%
8	PH Parker Hannifin	3.12%
9	ROK Rockwell Automation	3.02%
10	URI United Rentals	3.0%
11	UNP Union Pacific	2.99%
12	NSC Norfolk Southern	2.97%
13	CSX CSX	2.92%
14	SRE Sempra	2.83%
15	CRH CRH	2.63%
16	HWM Howmet Aerospace	2.44%
17	STLD Steel Dynamics	2.09%
18	EME Emcor	2.08%
19	VMC Vulcan Materials	1.91%
20	MLM Martin Marietta Materials	1.71%
21	ATI ATI	1.56%
22	HUBB Hubbell	1.52%
23	RS Reliance	1.24%
24	AMRZ Amrize Ltd	1.21%
25	WWD Woodward	1.2%
26	CRS Carpenter Technology	1.14%
27	FTV Fortive	1.07%
28	WCC WESCO International	1.07%
29	IEX IDEX	1.06%
30	J Jacobs Solutions	1.01%
31	MTZ MasTec	0.98%
32	RBC RBC Bearings	0.97%
33	STRL Sterling Infrastructure	0.92%
34	LECO Lincoln Electric	0.87%
35	TRMB Trimble	0.84%
36	MLI Mueller Industries	0.82%
37	CSL Carlisle Companies	0.8%
38	GGG Graco	0.78%
39	RPM RPM International	0.76%
40	CR Crane	0.71%
41	AA Alcoa	0.66%
42	RRX Regal Rexnord	0.66%
43	FPS Forgent Power Solutions	0.6%
44	WMS Advanced Drainage Systems	0.59%
45	VMI Valmont Industries	0.55%
46	AYI Acuity	0.54%
47	TTEK Tetra Tech	0.53%
48	SPXC SPX Technologies	0.52%
49	PNR Pentair	0.52%
50	DY Dycom Industries	0.49%
51	WLK Westlake	0.48%
52	ZWS Zurn Elkay Water Solutions	0.47%
53	ACM AECOM	0.46%
54	CLF Cleveland-Cliffs	0.44%
55	ACA Arcosa	0.43%
56	CMC Commercial Metals	0.43%
57	ATKR Atkore	0.42%
58	POWL Powell Industries	0.4%
59	TITN Titan Machinery	0.4%
60	PLPC Preformed Line Products	0.39%
61	EXPO Exponent	0.38%
62	TEX Terex	0.37%
63	ECG Everus Construction Group	0.36%
64	DNOW DNOW	0.34%
65	BMI Badger Meter	0.34%
66	DXPE DXP Enterprises	0.34%
67	BLDR Builders FirstSource	0.34%
68	CMCO Columbus McKinnon	0.33%
69	AGX Argan	0.33%
70	CALX Calix	0.33%
71	CSW CSW Industrials	0.33%
72	WNC Wabash National	0.33%
73	USLM United States Lime & Mineral	0.32%
74	MTUS Metallus	0.32%
75	TPC Tutor Perini	0.31%
76	EXP Eagle Materials	0.31%
77	IIIN Insteel Industries	0.3%
78	GRC Gorman-Rupp	0.3%
79	LPX Louisiana-Pacific	0.3%
80	GVA Granite Construction	0.3%
81	PRIM Primoris Services	0.29%
82	RYZ Ryerson	0.29%
83	MYRG MYR Group	0.29%
84	MDU MDU Resources Group	0.28%
85	CTOS Custom Truck One Source	0.28%
86	MWA MUELLER WATER PRODUCTS	0.28%
87	MTX Minerals Technologies	0.28%
88	MWH Solv Energy Inc	0.28%
89	ROCK Gibraltar Industries	0.27%
90	ROAD Construction Partners	0.27%
91	HRI Herc	0.26%
92	TTAM Titan America SA	0.25%
93	GBX Greenbrier Companies	0.25%
94	CTRI Centuri	0.24%
95	NWPX NWPX Infrastructure	0.24%
96	CENX Century Aluminum	0.24%
97	ASTE Astec Industries	0.23%
98	TRN Trinity Industries	0.23%
99	LGN Legence Corp	0.22%
100	KNF Knife Riv	0.2%

The most recent file Global X has published for PAVE is dated 2026-10-13, the same session as these prices. Every one of the 100 positions PAVE holds, with its weight, is in the fund's JSON file. See the other 85 ETFs with a page here that hold EMR, and how their weights compare with the 3.64% PAVE gives it.

Category: Infrastructure, set by TickerInside from the ETF's own latest file. In its file of 2026-10-13, its name says infrastructure, and 79% of its stocks are utilities, industrials and energy companies. How categories are set.

Use this data

JSONhttps://tickerinside.com/api/v1/fund/pave.json

CSVhttps://tickerinside.com/api/v1/fund/pave.csv

Sheets=IMPORTDATA("https://tickerinside.com/api/v1/fund/pave.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/pave.csv"; ","; "en_US")

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API reference · spreadsheet guide Add TickerInside to Claude to ask about PAVE with this data

How is PAVE split by sector?

Sector	Weight	Weight bar
Industrials	76.2%
Materials	19.2%
Utilities	3.1%
Technology	1.5%

From its Global X file of 2026-10-13. How these are measured.

What did PAVE hold in its SEC reports since 2019?

In PAVE's SEC filings, its largest position went from Martin Marietta Materials (MLM) at 3.76% on 2019-11-30 to Quanta Services (PWR) at 4.18% on 2026-05-31, across 27 quarterly reports.

Largest in 2019

MLM

3.76% on 2019-11-30

Largest in 2026

PWR

4.18% on 2026-05-31

Ten largest

32.3%

32.6% in 2019

Quarterly reports

since 2019, SEC Form N-PORT

2019The ten largest positions, report by report2026

Report	Positions	Largest	Top 10
2019-11-30	88	MLM 3.76%	32.6%
2020-11-30	89	URI 3.82%	32.6%
2021-11-30	96	NUE 3.50%	30.3%
2022-11-30	96	NUE 4.54%	30.9%
2023-11-30	95	ETN 3.86%	31.9%
2024-11-30	97	TT 3.69%	32.0%
2025-11-30	98	HWM 4.39%	32.6%
2026-05-31	100	PWR 4.18%	32.3%

The first report, then the last of each year, of the 27 reports PAVE filed on SEC Form N-PORT from 2019-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/pave/{date}.json. How these are read.

What does PAVE share with other ETFs?

The ETF nearest to PAVE is XLI: the two hold 26.9% of their weight in common, in the 19 companies both own, and 48.3% of PAVE itself is also held there. No covered ETF holds more than that in common with PAVE; it duplicates nothing here closely.

ETF	Overlap by weight	Of PAVE held there	Of that ETF in PAVE	Companies in both
XLI	26.9%	48.3%	27.0%	19
VIS	26.1%	75.3%	26.1%	73
RSPN	22.4%	48.3%	23.6%	19
IYJ	22.0%	68.4%	22.0%	47
MADE	21.3%	27.4%	23.5%	23
VAW	17.6%	18.9%	20.6%	19
PKB	15.5%	15.6%	55.5%	15
EXI	14.9%	48.3%	15.0%	19
IYM	14.5%	14.8%	20.7%	10
XLB	11.7%	11.7%	23.5%	5
RSPM	11.7%	11.7%	21.1%	5
IVOG	11.5%	16.1%	11.5%	22

From each issuer's latest file. Check PAVE against any ETF in the ETF overlap calculator · how overlap is measured.

What adds something different to PAVE?

MCHI shares 0% of weight with PAVE and its weekly returns correlate with it at 0.26 over three years. The table lists the covered ETFs with the least in common with PAVE, least shared weight first and, among equals, lowest correlation.

ETF	Name	Overlap by weight	Correlation, 3y
MCHI	iShares MSCI China ETF	0.0%	0.26
VWO	Vanguard FTSE Emerging Markets ETF	0.0%	0.57
IYR	iShares U.S. Real Estate ETF	0.0%	0.58
PFF	iShares Preferred and Income Securities ETF	0.0%	0.60
USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.63
VYMI	Vanguard International High Dividend Yield ETF	0.0%	0.63
SOXX	iShares Semiconductor ETF	0.0%	0.64
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	0.0%	0.67

Cost, returns and risk

Expense ratio	0.47%
Dividend yield	0.82%
Total return, 1 year	14.1%
Total return, 3 years cumulative	89.5%
Total return, 5 years cumulative	102.2%
Volatility, annualised	19.8%
Worst fall, 3 years	-24.5%
Beta against SPY, 3 years of weekly returns	1.03
Weight in the ten largest positions	33.1%
Largest single position	3.6%
Assets under management	$13.4B

Expense ratio, yield and assets are reference data (the expense ratio from PAVE's SEC filing of 2026-03-27); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-13; every other figure is computed here from weekly closes.

How it moves with the market

Against	Correlation, 3 years	Covariance, annualised, in percent squared
SPY	0.74often in step	209
QQQ	0.63loosely linked	240

Weekly total returns. What the bands mean · why the covariance is printed.

Year by year

Year	Total return
2026	11.9%
2025	19.4%
2024	17.9%
2023	31.0%
2022	-7.2%

One year

PAVE 111 SPY 116

2025-10-242026-10-16

PAVE rebased to 100 a year ago, weekly closes, prices through 2026-10-13.

Where to go next

POWR, iShares U.S. Power Infrastructure ETF
EFRA, iShares Environmental Infrastructure and Industrials ETF
GRID, First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund
IGF, iShares Global Infrastructure ETF
Run a portfolio x-ray to see what PAVE carries once you look through it
Compare PAVE against any other ETF in the builder

Holdings from the most recent file Global X has published, dated 2026-10-13. Prices through 2026-10-13. How every figure here is produced. Measurements, not investment advice.

Cite this page

TickerInside, Global X U.S. Infrastructure Development ETF (PAVE), holdings from the issuer's file of 2026-10-13, https://tickerinside.com/etf/pave/, CC BY 4.0

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