Data as of . Every figure is the themes desk's own, on published data.
NLR vs PAVE
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, NLR and PAVE hold 0% of their money in the same securities at the same weight.
| Only in NLR | Only in PAVE |
|---|---|
| Cameco Corp 8.39% | QUANTA SERVICES, INC. 4.18% |
| Constellation Energy Corp 8.03% | CSX Corporation 3.48% |
| Public Service Enterprise Group Inc 7.08% | EATON CORPORATION PUBLIC LIMITED COMPANY 3.30% |
| BWX Technologies Inc 6.77% | HOWMET AEROSPACE INC. 3.27% |
| Fortum Oyj 5.74% | TRANE TECHNOLOGIES PLC 3.19% |
| Oklo Inc 5.21% | UNION PACIFIC CORPORATION 3.12% |
| Centrus Energy Corp 5.04% | NUCOR CORPORATION 3.10% |
| Uranium Energy Corp 4.99% | ROCKWELL AUTOMATION, INC. 2.92% |
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 | |||
|---|---|---|---|---|---|---|
| NLR | PAVE | NLR | PAVE | NLR | PAVE | |
| 3 months | −1.8% | −2.5% | −6.5 pts | −7.2 pts | −3.9 pts | −4.6 pts |
| 6 months | −11.8% | +7.1% | −27.0 pts | −8.0 pts | −32.0 pts | −13.0 pts |
| 1 year | +4.0% | +19.3% | −16.0 pts | −0.7 pts | −21.6 pts | −6.3 pts |
| 3 years | +95.8% | +77.6% | +17.9 pts | −0.4 pts | +2.4 pts | −15.9 pts |
| Since launch | +200.2% | +297.3% | −611.2 pts | +19.0 pts | −1483.9 pts | −189.6 pts |
| NLR VanEck Uranium and Nuclear ETF | PAVE Global X U.S. Infrastructure Development ETF | |
|---|---|---|
| Issuer | VanEck | Global X |
| Theme | Nuclear and uranium | Infrastructure |
| In the S&P 500 | 15.1% | 62.1% |
| Active share vs the S&P 500 | 99.8% | 97.2% |
| In the Nasdaq-100 | 8.0% | 6.2% |
| Holdings | 25 | 100 |
| Top ten, share of the fund | 61.0% | 32.3% |
| Expense ratio | 0.52% | 0.47% |
| Fee for the differing part | 0.52% | 0.48% |
| Total return, 1 year | +4.0% | +19.3% |
| vs the S&P 500 | −16.0 pts | −0.7 pts |
| vs the Nasdaq-100 | −21.6 pts | −6.3 pts |
| Below its high | −27.0% | −7.9% |
NLR in plain words
By weight, 15% of NLR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +4.0% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 16.0 pts. It sits 27.0% below its all-time high of Jan 28, 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 NLR and PAVE hold the same stocks?
- By their latest filings, 0% 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, NLR or PAVE?
- NLR has 15% of its weight in S&P 500 names and PAVE has 62%, so NLR differs more from the index.
- Which is cheaper, NLR or PAVE?
- NLR charges 0.52% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.
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, NLR against PAVE, data as of Sep 4, 2026. https://etfiq.com/compare/themes/NLR-PAVE.html Free to use with attribution; the underlying files are at Open data.