Data as of . Every figure is the themes desk's own, on published data.
IFRA vs PAVE
38% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, IFRA and PAVE hold 38% of their money in the same securities at the same weight.
| Holding | IFRA | PAVE |
|---|---|---|
| UNION PACIFIC CORPORATION | 3.88% | 3.12% |
| CSX Corporation | 3.10% | 3.48% |
| NORFOLK SOUTHERN CORPORATION | 2.49% | 2.90% |
| UNITED RENTALS, INC. | 2.49% | 2.87% |
| CRH PUBLIC LIMITED COMPANY | 2.51% | 2.41% |
| NUCOR CORPORATION | 1.78% | 3.10% |
| SEMPRA | 1.64% | 2.86% |
| VULCAN MATERIALS COMPANY | 1.35% | 2.03% |
| EMCOR GROUP, INC. | 1.29% | 2.01% |
| MARTIN MARIETTA MATERIALS, INC. | 1.21% | 1.90% |
| STEEL DYNAMICS, INC. | 1.09% | 2.06% |
| CARPENTER TECHNOLOGY CORPORATION | 1.05% | 1.27% |
| Only in IFRA | Only in PAVE |
|---|---|
| CATERPILLAR INC. 4.57% | QUANTA SERVICES, INC. 4.18% |
| NEXTERA ENERGY, INC. 3.97% | EATON CORPORATION PUBLIC LIMITED COMPANY 3.30% |
| QUANTA SERVICES, INC. 3.77% | HOWMET AEROSPACE INC. 3.27% |
| THE SOUTHERN COMPANY 2.92% | TRANE TECHNOLOGIES PLC 3.19% |
| DUKE ENERGY CORPORATION 2.67% | ROCKWELL AUTOMATION, INC. 2.92% |
| THE WILLIAMS COMPANIES, INC. 2.45% | DEERE & COMPANY 2.86% |
| COMFORT SYSTEMS USA, INC. 2.43% | FASTENAL COMPANY 2.71% |
| CONSTELLATION ENERGY CORPORATION. 2.27% | EMERSON ELECTRIC CO. 2.64% |
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 Jun 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IFRA | PAVE | IFRA | PAVE | IFRA | PAVE | |
| 3 months | −3.0% | −2.5% | −7.7 pts | −7.2 pts | −5.1 pts | −4.6 pts |
| 6 months | +2.3% | +7.1% | −12.8 pts | −8.0 pts | −17.8 pts | −13.0 pts |
| 1 year | +16.3% | +19.3% | −3.7 pts | −0.7 pts | −9.3 pts | −6.3 pts |
| 3 years | +63.9% | +77.6% | −14.1 pts | −0.4 pts | −29.6 pts | −15.9 pts |
| Since launch | +173.3% | +297.3% | −55.9 pts | +19.0 pts | −199.2 pts | −189.6 pts |
| IFRA iShares U.S. Infrastructure ETF | PAVE Global X U.S. Infrastructure Development ETF | |
|---|---|---|
| Issuer | iShares | Global X |
| Theme | Infrastructure | Infrastructure |
| In the S&P 500 | 75.7% | 62.1% |
| Active share vs the S&P 500 | 95.4% | 97.2% |
| In the Nasdaq-100 | 10.0% | 6.2% |
| Holdings | 161 | 100 |
| Top ten, share of the fund | 32.4% | 32.3% |
| Expense ratio | not published | 0.47% |
| Fee for the differing part | not published | 0.48% |
| Total return, 1 year | +16.3% | +19.3% |
| vs the S&P 500 | −3.7 pts | −0.7 pts |
| vs the Nasdaq-100 | −9.3 pts | −6.3 pts |
| Below its high | −7.5% | −7.9% |
IFRA in plain words
By weight, 76% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 32% of the fund across 161 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +16.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 3.7 pts. It sits 7.5% below its all-time high of Jun 25, 2026.
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.
Questions people ask
- Do IFRA and PAVE hold the same stocks?
- By their latest filings, 38% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, IFRA or PAVE?
- IFRA has 76% of its weight in S&P 500 names and PAVE has 62%, so PAVE differs more from the index.
Other comparisons
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, IFRA against PAVE, data as of Sep 4, 2026. https://etfiq.com/compare/themes/IFRA-PAVE.html Free to use with attribution; the underlying files are at Open data.