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GLIX vs IPAV: which is really different?

GLIX holds 49.3% of its weight in S&P 500 companies and IPAV 0.0%. Lazard Listed Infrastructure ETF and Global X Infrastructure Development ex-U.S. ETF.

IPAV costs 0.41 points a year less; their one-year returns differ by 0.3 points; GLIX is 5.9 times larger.

GLIXIPAV
Expense ratio0.96%0.55%
Net assets, GLIX as of Jun 30, 2026 and IPAV as of Oct 8, 2026$30m$5m
Total return, 1 year+6.4%+6.7%
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearbehind by 10.8 ptsbehind by 10.5 pts
Active share vs the S&P 50098%
Below its all-time high7.1%, high on Jun 26, 202614.3%, high on May 6, 2026
49.3%
GLIX in the S&P 500
0.0%
IPAV in the S&P 500
+6.4%
GLIX total return, 1 year
+6.7%
IPAV total return, 1 year
GLIX · 1 year to Oct 9, 202651% of its weight is outside the S&P 500
51% of its weight is outside the S&P 50049% of GLIX's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Jun 30, 2026.49%51%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 55% of the fund · 27 holdings as filed for Jun 30, 2026 · Nasdaq-100: 13% in51% of its weight is outside the S&P 50049% of GLIX's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Jun 30, 2026.49%51%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 13% in

49% of GLIX's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Jun 30, 2026.

IPAV · 1 year to Oct 9, 2026100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of IPAV's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 8, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 31% of the fund · 100 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of IPAV's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 8, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of IPAV's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · IPAV 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
WindowGLIXIPAVGLIXIPAVGLIXIPAV
3 months−5.9%−5.1%−9.3 pts−8.5 pts−9.6 pts−8.7 pts
6 months−5.3%−7.1%−20.4 pts−22.3 pts−28.5 pts−30.3 pts
1 year+6.4%+6.7%−10.8 pts−10.5 pts−17.2 pts−16.9 pts
Since launch
GLIX Oct 2025 · IPAV Aug 2024
+6.4%+24.2%−10.8 pts−18.9 pts−17.8 pts−37.0 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GLIX
Lazard Listed Infrastructure ETF · Holds 27 stocks in infrastructure, 49% of its weight in S&P 500 companies
IPAV
Global X Infrastructure Development ex-U.S. ETF · Holds 100 stocks in infrastructure, 0% of its weight in S&P 500 companies
Issuer Lazard Global X
Theme Infrastructure Infrastructure
In the S&P 500 49.3% 0.0%
Active share vs the S&P 500 98.5% 100.0%
In the Nasdaq-100 13.3% 0.0%
Holdings 27 100
Top ten, share of the fund 55.4% 31.1%
Expense ratio 0.96% 0.55%
Fee for the differing part 0.97% 0.55%
Total return, 1 year +6.4% +6.7%
vs the S&P 500 −10.8 pts −10.5 pts
vs the Nasdaq-100 −17.2 pts −16.9 pts
Below its high −7.1% −14.3%
Net assets, GLIX as of Jun 30, 2026 and IPAV as of Oct 8, 2026 $30m $5m

As of Oct 9, 2026. Source: ETFIQ.

GLIX in plain words

By weight, 49% of GLIX'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 55% of the fund across 27 positions, as filed for Jun 30, 2026. Over the year to Oct 9, 2026 the fund returned +6.4% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 10.8 pts. It sits 7.1% below its all-time high of Jun 26, 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 100 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +6.7% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 10.5 pts. It sits 14.3% below its all-time high of May 6, 2026.

Questions people ask

Which is more different from the S&P 500, GLIX or IPAV?
GLIX has 49% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.
Which is cheaper, GLIX or IPAV?
GLIX charges 0.96% a year and IPAV charges 0.55%, so IPAV is cheaper. Fees come from each fund's prospectus.
Other comparisons
GLIX vs UPGRGLIX vs IGFGLIX vs NGIFGLIX vs RBLDIPAV vs RBLDIPAV vs RIFRIPAV vs NFRXIPAV vs UPGR
GLIX on its own →IPAV on its own →How every figure is computed →Standards and sources →
Where these figures came from
GLIX filings on SEC EDGAR ↗GLIX prospectus with the expense ratio (SEC) ↗Lazard 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; 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, GLIX against IPAV, data as of Oct 9, 2026. https://etfiq.com/compare/themes/glix-vs-ipav

Open data

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