Data as of Sep 4, 2026. Both funds on the fields they both publish, from the same sources.
PAVE vs QQQ
Global X U.S. Infrastructure Development ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, PAVE and QQQ hold 1% of their money in the same securities at the same weight.
| Holding | PAVE | QQQ |
|---|---|---|
| CSX Corporation | 3.48% | 0.37% |
| FASTENAL COMPANY | 2.71% | 0.22% |
| Only in PAVE | Only in QQQ |
|---|---|
| QUANTA SERVICES, INC. 4.18% | NVIDIA Corp. 8.16% |
| EATON CORPORATION PUBLIC LIMITED COMPANY 3.30% | Apple Inc. 7.29% |
| HOWMET AEROSPACE INC. 3.27% | Microsoft Corp. 5.32% |
| TRANE TECHNOLOGIES PLC 3.19% | Micron Technology, Inc. 4.80% |
| UNION PACIFIC CORPORATION 3.12% | Amazon.com, Inc. 4.62% |
| NUCOR CORPORATION 3.10% | Advanced Micro Devices, Inc. 3.70% |
| ROCKWELL AUTOMATION, INC. 2.92% | Alphabet Inc. 3.52% |
| NORFOLK SOUTHERN CORPORATION 2.90% | Tesla, Inc. 3.46% |
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 as filed for May 31, 2026.
| PAVE Global X U.S. Infrastructure Development ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Themes desk | Core fund |
| Issuer | Global X | Invesco |
| What it is | Infrastructure | Nasdaq-100, book from QQQM |
| Total return, 1 year | +19.3% | +25.6% |
| S&P 500 over the same days | +20.0% | +20.0% |
| Gap to the S&P 500 | −0.7 pts | +5.6 pts |
| Expense ratio | 0.47% | 0.18% |
| Already in the S&P 500 | 62.1% | 96.7% |
| Holdings | 100 | 101 |
PAVE in plain words
By weight, 62% of PAVE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 32% of the fund across 100 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +19.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 0.7 pts. It sits 7.9% below its all-time high of Jun 25, 2026.
QQQ in plain words
QQQ is a index equity fund tracking Nasdaq-100, book from QQQM. Over the year to Sep 4, 2026 it returned +25.6% with distributions reinvested, against +20.0% for the S&P 500 and +25.6% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for May 31, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 47.5%. It sat 3.5% below its high of Jun 2, 2026 on Sep 4, 2026.
Questions people ask
- Which returned more over the last year, PAVE or QQQ?
- In the year to Sep 4, 2026, with distributions reinvested, PAVE returned +19.3% and QQQ returned +25.6%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, PAVE or QQQ?
- PAVE charges 0.47% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do PAVE and QQQ overlap with the S&P 500?
- By their latest filed holdings, 62% of PAVE and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 1% of their books are the same securities at the same weight.
- Are PAVE and QQQ the same kind of fund?
- No. PAVE is a thematic ETF and QQQ is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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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, PAVE against QQQ, data as of Sep 4, 2026. https://etfiq.com/compare/any/PAVE-QQQ.html Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources