Data as of . Every figure is the themes desk's own, on published data.
ITA vs PAVE
7% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ITA and PAVE hold 7% of their money in the same securities at the same weight.
| Holding | ITA | PAVE |
|---|---|---|
| HOWMET AEROSPACE INC. | 4.50% | 3.27% |
| ATI INC | 1.89% | 1.29% |
| CARPENTER TECHNOLOGY CORPORATION | 2.15% | 1.27% |
| WOODWARD, INC. | 1.78% | 1.14% |
| Only in ITA | Only in PAVE |
|---|---|
| GENERAL ELECTRIC COMPANY 22.63% | QUANTA SERVICES, INC. 4.18% |
| RTX CORPORATION 14.83% | CSX Corporation 3.48% |
| THE BOEING COMPANY 8.90% | EATON CORPORATION PUBLIC LIMITED COMPANY 3.30% |
| TRANSDIGM GROUP INCORPORATED 4.59% | TRANE TECHNOLOGIES PLC 3.19% |
| GENERAL DYNAMICS CORPORATION 4.34% | UNION PACIFIC CORPORATION 3.12% |
| LOCKHEED MARTIN CORPORATION 4.05% | NUCOR CORPORATION 3.10% |
| Northrop Grumman Corporation 3.92% | ROCKWELL AUTOMATION, INC. 2.92% |
| L3HARRIS TECHNOLOGIES, INC. 3.80% | NORFOLK SOUTHERN CORPORATION 2.90% |
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 | |||
|---|---|---|---|---|---|---|
| ITA | PAVE | ITA | PAVE | ITA | PAVE | |
| 3 months | −1.6% | −2.5% | −6.3 pts | −7.2 pts | −3.7 pts | −4.6 pts |
| 6 months | −6.7% | +7.1% | −21.9 pts | −8.0 pts | −26.9 pts | −13.0 pts |
| 1 year | +14.2% | +19.3% | −5.7 pts | −0.7 pts | −11.4 pts | −6.3 pts |
| 3 years | +100.8% | +77.6% | +22.9 pts | −0.4 pts | +7.4 pts | −15.9 pts |
| Since launch | +937.0% | +297.3% | +125.7 pts | +19.0 pts | −747.0 pts | −189.6 pts |
| ITA iShares U.S. Aerospace & Defense ETF | PAVE Global X U.S. Infrastructure Development ETF | |
|---|---|---|
| Issuer | iShares | Global X |
| Theme | Defense | Infrastructure |
| In the S&P 500 | 76.6% | 62.1% |
| Active share vs the S&P 500 | 97.9% | 97.2% |
| In the Nasdaq-100 | 3.2% | 6.2% |
| Holdings | 49 | 100 |
| Top ten, share of the fund | 75.2% | 32.3% |
| Expense ratio | not published | 0.47% |
| Fee for the differing part | not published | 0.48% |
| Total return, 1 year | +14.2% | +19.3% |
| vs the S&P 500 | −5.7 pts | −0.7 pts |
| vs the Nasdaq-100 | −11.4 pts | −6.3 pts |
| Below its high | −10.9% | −7.9% |
ITA in plain words
By weight, 77% of ITA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 75% of the fund across 49 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +14.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 5.7 pts. It sits 10.9% below its all-time high of Aug 14, 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 ITA and PAVE hold the same stocks?
- By their latest filings, 7% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ITA or PAVE?
- ITA has 77% of its weight in S&P 500 names and PAVE has 62%, so ITA 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, ITA against PAVE, data as of Sep 4, 2026. https://etfiq.com/compare/themes/ITA-PAVE.html Free to use with attribution; the underlying files are at Open data.