Do BLDX and PAVE hold the same stocks?

By their latest filings, 7% 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 PAVE?

BLDX has 36% of its weight in S&P 500 names and PAVE has 64%, so PAVE differs more from the index.

Which is cheaper, BLDX or PAVE?

BLDX charges 0.60% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.

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BLDX vs PAVE: which is really different?

BLDX and PAVE hold 7% of their weight in the same names. Impax Global Sustainable Infrastructure ETF and Global X U.S. Infrastructure Development ETF.

36.0%

BLDX in the S&P 500

63.7%

PAVE in the S&P 500

−1.4%

BLDX total return, since launch

+11.2%

PAVE 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

PAVE · 1 year to Sep 30, 202636% of its weight is outside the S&P 500

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

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

BLDX 38.3

PAVE 41.3

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 PAVE hold 7% 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

7% in common

Positions both hold, largest shared weight first

Holding BLDX PAVE

Union Pacific Corp. 5.41% 2.94%

Vulcan Materials Co. 1.71% 1.95%

Trane Technologies plc 1.38% 3.10%

Tetra Tech, Inc. 2.60% 0.53%

AECOM 1.54% 0.47%

Only in BLDX

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%

Elia Group SA/NV 3.22%

Only in PAVE

DEERE & CO 3.62%

FASTENAL CO 3.53%

EMERSON ELECTRIC CO 3.52%

EATON CORP PLC 3.40%

QUANTA SERVICES INC 3.23%

NUCOR CORP 3.19%

PARKER HANNIFIN CORP 3.19%

ROCKWELL AUTOMATION INC 3.11%

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

7% 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	PAVE	BLDX	PAVE	BLDX	PAVE
3 months	−4.8%	−9.0%	−7.3 pts	−11.5 pts	−6.9 pts	−11.1 pts
6 months	−4.5%	+1.8%	−21.4 pts	−15.2 pts	−31.3 pts	−25.1 pts
1 year	not published	+11.2%	not published	−4.5 pts	not published	−12.6 pts
3 years	not published	+76.5%	not published	−8.5 pts	not published	−33.5 pts
Since launch BLDX Feb 2026 · PAVE Mar 2017	−1.4%	+278.2%	−11.9 pts	+2.6 pts	−19.9 pts	−226.4 pts

BLDX and PAVE 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

PAVE

Global X U.S. Infrastructure Development ETF · Holds 102 stocks in infrastructure, 64% of its weight in S&P 500 companies

Issuer Impax Global X

Theme Infrastructure Infrastructure

In the S&P 500 36.0% 63.7%

Active share vs the S&P 500 96.6% 97.2%

In the Nasdaq-100 3.3% 6.4%

Holdings 38 102

Top ten, share of the fund 39.6% 32.8%

Expense ratio 0.60% 0.47%

Fee for the differing part 0.62% 0.48%

Total return, 1 year −1.4% (since launch on Feb 2, 2026) +11.2%

vs the S&P 500 −11.9 pts −4.5 pts

vs the Nasdaq-100 −19.9 pts −12.6 pts

Below its high −10.4% −12.3%

Net assets $118m $13.4bn

BLDX and PAVE 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.

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 102 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +11.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 4.5 pts. It sits 12.3% below its all-time high of Jun 25, 2026.

Questions people ask

Do BLDX and PAVE hold the same stocks?: By their latest filings, 7% 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 PAVE?: BLDX has 36% of its weight in S&P 500 names and PAVE has 64%, so PAVE differs more from the index.
Which is cheaper, BLDX or PAVE?: BLDX charges 0.60% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.

Other comparisons

BLDX vs EFRA BLDX vs IPAV BLDX vs RBLD BLDX vs UPGR PAVE vs CIBR PAVE vs COPX PAVE vs DRAM PAVE vs FDN

BLDX on its own →PAVE 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 ↗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. 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 PAVE, data as of Sep 30, 2026. https://etfiq.com/compare/themes/bldx-vs-pave

Open data

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