Do BLDX and IPAV 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, BLDX or IPAV?

BLDX has 36% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.

Which is cheaper, BLDX or IPAV?

BLDX charges 0.60% a year and IPAV charges 0.55%, so IPAV is cheaper. Fees come from each fund's prospectus.

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BLDX vs IPAV: which is really different?

BLDX and IPAV hold 0% of their weight in the same names. Impax Global Sustainable Infrastructure ETF and Global X Infrastructure Development ex-U.S. ETF.

36.0%

BLDX in the S&P 500

0.0%

IPAV in the S&P 500

−1.4%

BLDX total return, since launch

+10.0%

IPAV total return, 1 year

BLDX · 6 months to Sep 30, 202664% of its weight is outside the S&P 500

36% of BLDX's weight is in S&P 500 companies and 64% is outside the index

IPAV · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500

0% of IPAV's weight is in S&P 500 companies and 100% is outside the index

ETFIQ Off-Index Score · IPAV scores higherHow much of it is not the index it is sold as an alternative to?

BLDX 38.3

IPAV 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, BLDX and IPAV hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding BLDX IPAV

Only in BLDX

Union Pacific Corp. 5.41%

American Water Works Co., Inc. 5.06%

Iberdrola SA 4.57%

Keppel DC REIT 4.03%

National Grid plc 3.95%

NextEra Energy, Inc. 3.61%

Digital Realty Trust, Inc. 3.30%

Deutsche Telekom AG 3.26%

Only in IPAV

FUJIKURA LTD 3.57%

CANADIAN NATL RAILWAY CO 3.43%

ARCELORMITTAL 3.36%

CANADIAN PACIFIC KANSAS CITY 3.25%

LARSEN & TOUBRO LTD 3.14%

NIPPON STEEL CORP 3.07%

VINCI SA 2.83%

SHIN-ETSU CHEMICAL CO LTD 2.81%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	BLDX	IPAV	BLDX	IPAV	BLDX	IPAV
3 months	−4.8%	−3.4%	−7.3 pts	−5.9 pts	−6.9 pts	−5.5 pts
6 months	−4.5%	+0.1%	−21.4 pts	−16.9 pts	−31.3 pts	−26.8 pts
1 year	not published	+10.0%	not published	−5.7 pts	not published	−13.8 pts
Since launch BLDX Feb 2026 · IPAV Aug 2024	−1.4%	+26.1%	−11.9 pts	−14.1 pts	−19.9 pts	−32.7 pts

BLDX and IPAV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BLDX

Impax Global Sustainable Infrastructure ETF · Holds 38 stocks in infrastructure, 36% of its weight in S&P 500 companies

IPAV

Global X Infrastructure Development ex-U.S. ETF · Holds 109 stocks in infrastructure, 0% of its weight in S&P 500 companies

Issuer Impax Global X

Theme Infrastructure Infrastructure

In the S&P 500 36.0% 0.0%

Active share vs the S&P 500 96.6% 100.0%

In the Nasdaq-100 3.3% 0.0%

Holdings 38 109

Top ten, share of the fund 39.6% 30.9%

Expense ratio 0.60% 0.55%

Fee for the differing part 0.62% 0.55%

Total return, 1 year −1.4% (since launch on Feb 2, 2026) +10.0%

vs the S&P 500 −11.9 pts −5.7 pts

vs the Nasdaq-100 −19.9 pts −13.8 pts

Below its high −10.4% −13.0%

Net assets $118m $5m

BLDX and IPAV on the same fields, as of Sep 30, 2026. Source: ETFIQ.

BLDX in plain words

By weight, 36% of BLDX'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 40% of the fund across 38 positions, as filed for Jun 30, 2026. Since it launched on Feb 2, 2026 the fund returned −1.4% with distributions reinvested against +10.5% for the S&P 500, so a holder was behind by 11.9 pts. It sits 10.4% below its all-time high of Apr 8, 2026.

IPAV in plain words

By weight, 0% of IPAV'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 31% of the fund across 109 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +10.0% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 5.7 pts. It sits 13.0% below its all-time high of May 6, 2026.

Questions people ask

Do BLDX and IPAV 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, BLDX or IPAV?: BLDX has 36% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.
Which is cheaper, BLDX or IPAV?: BLDX charges 0.60% a year and IPAV charges 0.55%, so IPAV is cheaper. Fees come from each fund's prospectus.

Other comparisons

BLDX vs EFRA BLDX vs IFRA BLDX vs PAVE BLDX vs RBLD IPAV vs RBLD IPAV vs UPGR IPAV vs EFRA IPAV vs PAVE

BLDX on its own →IPAV on its own →How every figure is computed →Standards and sources →

Where these figures came from

BLDX filings on SEC EDGAR ↗BLDX prospectus with the expense ratio (SEC) ↗Impax website ↗IPAV filings on SEC EDGAR ↗IPAV prospectus with the expense ratio (SEC) ↗Global X page for IPAV ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, BLDX against IPAV, data as of Sep 30, 2026. https://etfiq.com/compare/themes/bldx-vs-ipav

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.