Data as of Oct 28, 2026.
AIQ vs PAVE: Holdings Overlap & Returns
Over the year to Oct 28, 2026, AIQ returned +21.3% to PAVE's +11.4%; 0% of their weight is in the same names.
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Net assets on Oct 12, 2026: $10.6bn for Global X Artificial Intelligence & Technology ETF and $13.6bn for Global X U.S. Infrastructure Development ETF.
65% of AIQ's weight is in S&P 500 companies and 35% is outside the index. Holdings as of May 31, 2026.
62% of PAVE's weight is in S&P 500 companies and 38% is outside the index. Holdings as of May 31, 2026.
Pair scorecard
PAVE costs 0.21 points a year less; their one-year returns differ by 9.9 points; PAVE is 1.3 times larger.
| Measure | AIQ | PAVE |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.3% | +11.4% |
| Drawdown | ||
| Below its all-time high | 8.2%, high on Jun 2, 2026 | 10.9%, high on Jun 25, 2026 |
| Benchmark | ||
| What it tracks | Artificial intelligence | Infrastructure |
| Cost and size | ||
| Expense ratio | 0.68% | 0.47% |
| Net assets, as of Oct 12, 2026 | $10.6bn | $13.6bn |
| Holdings | ||
| Holdings in common | 0% | |
How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
Holdings in common uses holdings dated May 31, 2026. Method
Risk and return
May 25, 2018 to Oct 23, 2026 · 439 weekly returnsAIQ returned more: +326.5% to +230.9%. AIQ swung slightly less: 24.3% to 24.9%. PAVE fell slightly less at its worst: −42.2% to −44.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | AIQ | PAVE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +326.5% | +230.9% | AIQ | Price change plus distributions, reinvested. |
| Annualized | +18.7% | +15.2% | AIQ | Total return as a yearly rate. |
| Price return | +314.4% | +212.3% | AIQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.3% | 24.9% | AIQ (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.0% | 17.1% | AIQ (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −44.1% | −42.2% | PAVE (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.72 | 0.58 | AIQ | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 0.85 | AIQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.42 | 0.36 | AIQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 439 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, AIQ and PAVE hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | AIQ | PAVE |
| 3 months | +15.0% | −3.0% |
| 6 months | +17.0% | −3.1% |
| 1 year | +21.3% | +11.4% |
| 3 years | +151.9% | +92.8% |
| Since launchNot the same days: AIQ May 2018 · PAVE Mar 2017 | +340.8% | +284.2% |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
AIQ and PAVE are built for the same job. How do they differ in cost, holdings and results?
- Theme. AIQ covers Artificial intelligence and PAVE covers Infrastructure.
- Concentration. The top ten holdings are 42.7% of AIQ and 32.3% of PAVE, a gap of 10.4 points.
- What each follows. AIQ follows Artificial intelligence and PAVE follows Infrastructure.
Data as of Oct 28, 2026.
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AIQ
By weight, 65% of AIQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 43% of the fund across 84 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +21.3% with distributions reinvested. It sits 8.2% below its all-time high of Jun 2, 2026.
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.
Questions people ask
- Do AIQ and PAVE hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, AIQ against PAVE, data as of Oct 28, 2026. https://etfiq.com/compare/themes/aiq-vs-pave
ETFIQ. (Oct 28, 2026). AIQ against PAVE. Retrieved from https://etfiq.com/compare/themes/aiq-vs-pave
[AIQ against PAVE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/aiq-vs-pave)
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