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BKGI vs PAVE: which is really different?

PAVE holds 63.9% of its weight in S&P 500 companies and BKGI 23.7%. BNY Mellon Global Infrastructure Income ETF and Global X U.S. Infrastructure Development ETF.

PAVE costs 0.08 points a year less; their one-year returns differ by 3.1 points; PAVE is 10.4 times larger.

BKGIPAVE
Expense ratio0.55%0.47%
Net assets, BKGI as of Jul 31, 2026 and PAVE as of Oct 8, 2026$1.3bn$13.6bn
Total return, 1 year+10.1%+13.2%
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearbehind by 7.2 ptsbehind by 4.1 pts
Below its all-time high10.0%, high on Jul 24, 202610.8%, high on Jun 25, 2026
23.7%
BKGI in the S&P 500
63.9%
PAVE in the S&P 500
+10.1%
BKGI total return, 1 year
+13.2%
PAVE total return, 1 year
BKGI · 1 year to Oct 9, 202676% of its weight is outside the S&P 500
76% of its weight is outside the S&P 50024% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 2026.24%76%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 57% of the fund · 29 holdings as filed for Jul 31, 2026 · Nasdaq-100: 2% in76% of its weight is outside the S&P 50024% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 2026.24%76%inoutside the S&P 500active share 99% · Nasdaq-100: 2% in

24% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 2026.

PAVE · 1 year to Oct 9, 202636% of its weight is outside the S&P 500
36% of its weight is outside the S&P 50064% of PAVE's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Oct 8, 2026.64%36%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 33% of the fund · 100 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 7% in36% of its weight is outside the S&P 50064% of PAVE's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Oct 8, 2026.64%36%in the S&P 500outsideactive share 97% · Nasdaq-100: 7% in

64% of PAVE's weight is in S&P 500 companies and 36% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · BKGI scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.3, the highest

A percentile among the 391 thematic ETFs with a holdings filing. All thematic ETFs ranked by it → How it is computed →

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowBKGIPAVEBKGIPAVEBKGIPAVE
3 months−6.9%−5.7%−10.3 pts−9.1 pts−10.5 pts−9.4 pts
6 months−8.0%−2.0%−23.1 pts−17.2 pts−31.2 pts−25.2 pts
1 year+10.1%+13.2%−7.2 pts−4.1 pts−13.5 pts−10.4 pts
3 years+77.7%+78.0%−8.1 pts−7.8 pts−29.6 pts−29.3 pts
Since launch
BKGI Nov 2022 · PAVE Mar 2017
+92.6%+285.0%−28.4 pts+1.6 pts−102.7 pts−228.9 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BKGI
BNY Mellon Global Infrastructure Income ETF · Holds 29 stocks in infrastructure, 24% of its weight in S&P 500 companies
PAVE
Global X U.S. Infrastructure Development ETF · Holds 100 stocks in infrastructure, 64% of its weight in S&P 500 companies
Issuer BNY Mellon Global X
Theme Infrastructure Infrastructure
In the S&P 500 23.7% 63.9%
Active share vs the S&P 500 99.4% 97.2%
In the Nasdaq-100 1.7% 6.5%
Holdings 29 100
Top ten, share of the fund 57.2% 32.9%
Expense ratio 0.55% 0.47%
Fee for the differing part 0.55% 0.48%
Total return, 1 year +10.1% +13.2%
vs the S&P 500 −7.2 pts −4.1 pts
vs the Nasdaq-100 −13.5 pts −10.4 pts
Below its high −10.0% −10.8%
Net assets, BKGI as of Jul 31, 2026 and PAVE as of Oct 8, 2026 $1.3bn $13.6bn

As of Oct 9, 2026. Source: ETFIQ.

BKGI in plain words

By weight, 24% of BKGI'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 57% of the fund across 29 positions, as filed for Jul 31, 2026. Over the year to Oct 9, 2026 the fund returned +10.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 7.2 pts. It sits 10.0% below its all-time high of Jul 24, 2026.

PAVE in plain words

By weight, 64% 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 33% of the fund across 100 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +13.2% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 4.1 pts. It sits 10.8% below its all-time high of Jun 25, 2026.

Questions people ask

Which is more different from the S&P 500, BKGI or PAVE?
BKGI has 24% of its weight in S&P 500 names and PAVE has 64%, so BKGI differs more from the index.
Which is cheaper, BKGI or PAVE?
BKGI charges 0.55% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.
Other comparisons
BKGI vs TOLZBKGI vs NFRXBKGI vs RIFRBKGI vs RBLDPAVE vs RBLDPAVE vs UPGRPAVE vs GIIPAVE vs NFRA
BKGI on its own →PAVE on its own →How every figure is computed →Standards and sources →
Where these figures came from
BKGI filings on SEC EDGAR ↗BKGI prospectus with the expense ratio (SEC) ↗BNY Mellon website ↗PAVE filings on SEC EDGAR ↗PAVE prospectus with the expense ratio (SEC) ↗Global X page for PAVE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a position in a set, not a rating, and neither end of it is a recommendation.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, BKGI against PAVE, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bkgi-vs-pave

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.