Data as of Oct 28, 2026.
PAVE vs VTI: Differences, Returns & Fees
Over the year to Oct 28, 2026, PAVE returned +11.4% to VTI's +13.5%, and VTI charges 0.03% to PAVE's 0.47%.
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Net assets: $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF, and $689.2bn on Sep 30, 2026 for Vanguard Morningstar Total Stock Market ETF.
Pair scorecard
VTI costs 0.44 points a year less; their one-year returns differ by 2.1 points.
| Measure | PAVE | VTI |
|---|---|---|
| Return | ||
| Total return, 1 year | +11.4% | +13.5% |
| Drawdown | ||
| Below its all-time high | 10.9%, high on Jun 25, 2026 | |
| Benchmark | ||
| What it tracks | Infrastructure | Morningstar US Total Market Index |
| Cost and size | ||
| Expense ratio | 0.47% | 0.03% |
| Net assets, PAVE as of Oct 12, 2026 and VTI as of Sep 30, 2026 | $13.6bn | $689.2bn |
| Active share vs the S&P 500 | 97% | |
| Holdings | ||
| Holdings in common | 3% | |
| Top ten holdings, share of the fund | 32% | 34.7% |
Holdings in common uses holdings dated May 31, 2026 and Sep 30, 2026. Method
Risk and return
Mar 17, 2017 to Oct 23, 2026 · 501 weekly returnsPAVE returned slightly more: +267.9% to +254.6%. VTI swung less: 17.8% to 24.0%. VTI fell less at its worst: −32.9% to −42.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | PAVE | VTI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +267.9% | +254.6% | PAVE (slight) | Price change plus distributions, reinvested. |
| Annualized | +14.5% | +14.0% | PAVE (slight) | Total return as a yearly rate. |
| Price return | +246.3% | +204.3% | PAVE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.0% | 17.8% | VTI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.5% | 12.4% | VTI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −42.2% | −32.9% | VTI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.68 | VTI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.84 | 0.98 | VTI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.34 | 0.43 | VTI | 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, PAVE and VTI hold 3% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Sep 30, 2026.
half
3% in common
Only in one fund ↓
Side by side
PAVE and VTI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VTI
VTI tracks an index of US total market. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 3,521 positions, with the top ten at 34.7%.
Questions people ask
- Are PAVE and VTI in the same category?
- PAVE is a thematic ETF and VTI is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, PAVE or VTI?
- In the year to Oct 28, 2026, with distributions reinvested, PAVE returned +11.4% and VTI +13.5%.
- Which is cheaper, PAVE or VTI?
- VTI 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.
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, PAVE against VTI, data as of Oct 28, 2026. https://etfiq.com/compare/any/pave-vs-vti
ETFIQ. (Oct 28, 2026). PAVE against VTI. Retrieved from https://etfiq.com/compare/any/pave-vs-vti
[PAVE against VTI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/pave-vs-vti)
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