Are IVV and PAVE in the same category?

IVV is a stock ETF and PAVE is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.

Which returned more over the last year, IVV or PAVE?

In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and PAVE +11.4%.

Which is cheaper, IVV or PAVE?

IVV is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IVV and PAVE overlap with the S&P 500?

By their latest filed holdings, 100% of IVV and 62% of PAVE by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IVV vs PAVE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IVV returned +13.7% to PAVE's +11.4%, and IVV charges 0.03% to PAVE's 0.47%.

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Net assets: $885.1bn on Oct 27, 2026 for iShares Core S&P 500 ETF, and $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF.

IVV on its own →PAVE on its own →

At a glance

+13.7%

IVV total return, 1 year

+11.4%

PAVE total return, 1 year

0.03%

IVV expense ratio

0.47%

PAVE expense ratio

Pair scorecard

IVV costs 0.44 points a year less; their one-year returns differ by 2.3 points; IVV is far larger, $896.3bn against $13.6bn.

IVV vs PAVE: Differences, Returns & Fees
Measure	IVV	PAVE
Return
Measure	IVV	PAVE
Total return, 1 year	+13.7%	+11.4%
Drawdown
Measure	IVV	PAVE
Below its all-time high		10.9%, high on Jun 25, 2026
Benchmark
Measure	IVV	PAVE
What it tracks	S&P 500	Infrastructure
Cost and size
Measure	IVV	PAVE
Expense ratio	0.03%	0.47%
Net assets, as of Oct 12, 2026	$896.3bn	$13.6bn
Active share vs the S&P 500		97%
Holdings
Measure	IVV	PAVE
Holdings in common	2%
Top ten holdings, share of the fund	38.1%	32%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

Risk and return

Mar 17, 2017 to Oct 23, 2026 · 501 weekly returns

IVV PAVE

Return

Total return edge Tie +273.3% +267.9%

Annualized edge Tie +14.6% +14.5%

Price return edge PAVE +218.6% +246.3%

Risk

Volatility edge IVV 17.4% 24.0%

Max drawdown edge IVV −31.8% −42.2%

Risk-adjusted

Sharpe edge IVV 0.73 0.58

Sortino edge IVV 1.04 0.84

Calmar edge IVV 0.46 0.34

Reading

IVV and PAVE returned about the same: +273.3% and +267.9%. IVV swung less: 17.4% to 24.0%. IVV fell less at its worst: −31.8% to −42.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IVV vs PAVE: Differences, Returns & Fees
Measure	IVV	PAVE	Edge	How it is measured
Return
Total return	+273.3%	+267.9%	Tie	Price change plus distributions, reinvested.
Annualized	+14.6%	+14.5%	Tie	Total return as a yearly rate.
Price return	+218.6%	+246.3%	PAVE	Price change alone, distributions left out.
Risk
Volatility	17.4%	24.0%	IVV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.1%	16.5%	IVV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−31.8%	−42.2%	IVV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.73	0.58	IVV	Return above Treasury bills per unit of volatility.
Sortino	1.04	0.84	IVV	Return above Treasury bills per unit of downside deviation.
Calmar	0.46	0.34	IVV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 501 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IVV and PAVE hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first IVV PAVE

UNION PACIFIC 0.27% 3.12%

DEERE 0.24% 2.86%

PARKER-HANNIFIN 0.17% 2.48%

TRANE TECHNOLOGIES PLC 0.15% 3.19%

CSX 0.14% 3.48%

EMERSON ELECTRIC 0.14% 2.63%

QUANTA SERVICES INC 0.13% 4.18%

HOWMET AEROSPACE 0.12% 3.27%

NORFOLK SOUTHERN CORP 0.12% 2.90%

UNITED RENTALS 0.11% 2.87%

NUCOR 0.09% 3.10%

FASTENAL 0.09% 2.71%

Only in one fund ↓

Only in IVV

NVIDIA 7.92%

APPLE 7.61%

MICROSOFT 5.93%

AMAZON.COM INC 3.73%

ALPHABET CLASS A 2.83%

BROADCOM INC 2.45%

ALPHABET CLASS C 2.26%

META PLATFORMS CLASS A 2.05%

Only in PAVE

EATON CORPORATION PUBLIC LIMITED COMPANY 3.30%

Amrize AG 1.63%

MASTEC, INC. 1.62%

STERLING INFRASTRUCTURE, INC. 1.43%

ATI INC 1.29%

CARPENTER TECHNOLOGY CORPORATION 1.27%

WOODWARD, INC. 1.14%

ALCOA CORPORATION 1.09%

Check overlap with more funds →

Side by side

IVV iShares Core S&P 500 ETF PAVE Global X U.S. Infrastructure Development ETF

Where it sits Stock ETF Thematic ETF

Issuer iShares Global X

What it is Tracks the S&P 500 Infrastructure

Total return, 1 year +13.7% +11.4%

Its benchmark over the same days +13.6% (SPY) not measured

Gap to its benchmark +0.1 pts vs SPY not measured

Expense ratio 0.03% 0.47%

Already in the S&P 500 99.8% 62.1%

Holdings 505 100

Net assets, IVV as of Oct 27, 2026 and PAVE as of Oct 12, 2026 $885.1bn $13.6bn

IVV and PAVE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief

No client brief for this pair: the two funds' holdings are dated 149 days apart.

Alert

About each fund

IVV

IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.

PAVE

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 Oct 28, 2026 the fund returned +11.4% with distributions reinvested. It sits 10.9% below its all-time high of Jun 25, 2026.

Questions people ask

Are IVV and PAVE in the same category?: IVV is a stock ETF and PAVE is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
Which returned more over the last year, IVV or PAVE?: In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and PAVE +11.4%.
Which is cheaper, IVV or PAVE?: IVV is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IVV and PAVE overlap with the S&P 500?: By their latest filed holdings, 100% of IVV and 62% of PAVE by weight is stocks the S&P 500 already holds.

Other comparisons

IGF vs IVV IFRA vs IVV IVV vs SOXX IVV vs SMH PAVE vs VOO PAVE vs VTI PAVE vs QQQ PAVE vs VUG

Where to next

IVV on its own →PAVE on its own →Hold both: look the portfolio through →Rankings →IVV dividend history →IVV holdings →PAVE dividend history →PAVE holdings →Standards and sources →

Sources and dates

IVV filings on SEC EDGAR ↗

IVV prospectus with the expense ratio (SEC) ↗

iShares page for IVV ↗

PAVE filings on SEC EDGAR ↗

PAVE prospectus with the expense ratio (SEC) ↗

Global X page for PAVE ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IVV against PAVE, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-pave

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.