Data as of . Every figure is the themes desk's own, on published data.
PAVE vs SHLD
Global X U.S. Infrastructure Development ETF and Global X Defense Tech ETF, side by side on the themes desk.
0% of the two portfolios are the same securities at the same weight.
Open the live comparison on ETFIQ| PAVE Global X U.S. Infrastructure Development ETF | SHLD Global X Defense Tech ETF | |
|---|---|---|
| Issuer | Global X | Global X |
| Theme | Infrastructure | Defense |
| In the S&P 500 | 62.1% | 44.8% |
| Active share vs the S&P 500 | 97.2% | 98.7% |
| In the Nasdaq-100 | 6.2% | 7.1% |
| Holdings | 100 | 48 |
| Top ten, share of the fund | 32.3% | 59.5% |
| Expense ratio | 0.47% | 0.50% |
| Fee for the differing part | 0.48% | 0.51% |
| Total return, 1 year | +19.3% | +2.3% |
| vs the S&P 500 | −0.7 pts | −17.7 pts |
| vs the Nasdaq-100 | −6.3 pts | −23.3 pts |
| Below its high | −7.9% | −19.0% |
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.
SHLD in plain words
By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 60% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +2.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 17.7 pts. It sits 19.0% below its all-time high of Mar 9, 2026.
Questions people ask
- Do PAVE and SHLD 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, PAVE or SHLD?
- PAVE has 62% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
- Which is cheaper, PAVE or SHLD?
- PAVE charges 0.47% a year and SHLD charges 0.50%, so PAVE is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, PAVE against SHLD, data as of Sep 4, 2026. https://etfiq.com/compare/themes/PAVE-SHLD.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources