Do GII and PAVE hold the same stocks?

By their latest filings, 2% 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, GII or PAVE?

GII has 35% of its weight in S&P 500 names and PAVE has 64%, so GII differs more from the index.

Which is cheaper, GII or PAVE?

GII charges 0.40% a year and PAVE charges 0.47%, so GII is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live Compare their flows Ask about these two funds

GII vs PAVE: which is really different?

GII and PAVE hold 2% of their weight in the same names, and PAVE returned +13.2% over the year. State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF and Global X U.S. Infrastructure Development ETF.

GII costs 0.07 points a year less; their one-year returns differ by 8.1 points; PAVE is 14.9 times larger.

	GII	PAVE
Expense ratio	0.40%	0.47%
Net assets, as of Oct 8, 2026	$911m	$13.6bn
Total return, 1 year	+5.1%	+13.2%
What it tracks	Infrastructure	Infrastructure
Holdings in common	2%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 12.2 pts	behind by 4.1 pts
Below its all-time high	8.5%, high on Feb 27, 2026	10.8%, high on Jun 25, 2026

Holdings in common uses holdings dated Oct 8, 2026.

35.0%

GII in the S&P 500

63.9%

PAVE in the S&P 500

+5.1%

GII total return, 1 year

+13.2%

PAVE total return, 1 year

GII · 1 year to Oct 9, 202665% of its weight is outside the S&P 500

35% of GII's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Oct 8, 2026.

PAVE · 1 year to Oct 9, 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. Holdings as of Oct 8, 2026.

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

GII 50.6

PAVE 40.2

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 →

What they hold in common

By the books each fund has filed, GII and PAVE hold 2% 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 Oct 8, 2026.

50%

half

2% in common

Positions both hold, largest shared weight first

Holding GII PAVE

SEMPRA 1.52% 2.77%

Only in GII

TRANSURBAN GROUP 4.83%

AENA SME SA 4.72%

NEXTERA ENERGY INC 4.70%

IBERDROLA SA 4.13%

GRUPO AEROPORTUARIO PAC ADR 3.63%

ENBRIDGE INC 3.60%

AUCKLAND INTL AIRPORT LTD 3.58%

WILLIAMS COS INC 3.08%

Only in PAVE

EMERSON ELECTRIC CO 3.56%

FASTENAL CO 3.55%

DEERE & CO 3.47%

QUANTA SERVICES INC 3.40%

EATON CORP PLC 3.31%

NUCOR CORP 3.31%

TRANE TECHNOLOGIES PLC 3.18%

PARKER HANNIFIN CORP 3.11%

2% 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	GII	PAVE	GII	PAVE	GII	PAVE
3 months	−6.2%	−5.7%	−9.6 pts	−9.1 pts	−9.9 pts	−9.4 pts
6 months	−7.6%	−2.0%	−22.8 pts	−17.2 pts	−30.8 pts	−25.2 pts
1 year	+5.1%	+13.2%	−12.2 pts	−4.1 pts	−18.5 pts	−10.4 pts
3 years	+61.5%	+78.0%	−24.3 pts	−7.8 pts	−45.8 pts	−29.3 pts
Since launch GII Jan 2007 · PAVE Mar 2017	+168.3%	+285.0%	−508.6 pts	+1.6 pts	−1,721.3 pts	−228.9 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GII

State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF · Holds 77 stocks in infrastructure, 35% 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 State Street Global X

Theme Infrastructure Infrastructure

In the S&P 500 35.0% 63.9%

Active share vs the S&P 500 98.1% 97.2%

In the Nasdaq-100 7.3% 6.5%

Holdings 77 100

Top ten, share of the fund 38.0% 32.9%

Expense ratio 0.40% 0.47%

Fee for the differing part 0.41% 0.48%

Total return, 1 year +5.1% +13.2%

vs the S&P 500 −12.2 pts −4.1 pts

vs the Nasdaq-100 −18.5 pts −10.4 pts

Below its high −8.5% −10.8%

Net assets, as of Oct 8, 2026 $911m $13.6bn

As of Oct 9, 2026. Source: ETFIQ.

GII in plain words

By weight, 35% of GII's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 38% of the fund across 77 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +5.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 12.2 pts. It sits 8.5% below its all-time high of Feb 27, 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

Do GII and PAVE hold the same stocks?: By their latest filings, 2% 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, GII or PAVE?: GII has 35% of its weight in S&P 500 names and PAVE has 64%, so GII differs more from the index.
Which is cheaper, GII or PAVE?: GII charges 0.40% a year and PAVE charges 0.47%, so GII is cheaper. Fees come from each fund's prospectus.

Other comparisons

GII vs NGIF GII vs IGF GII vs IFRA GII vs NFRA PAVE vs IFRA PAVE vs TOLZ PAVE vs RIFR PAVE vs RBLD

GII on its own →PAVE on its own →How every figure is computed →Standards and sources →

Where these figures came from

GII filings on SEC EDGAR ↗State Street 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.

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

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

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

Open data

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