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GLIX vs PAVE: which is really different?

PAVE holds 63.9% of its weight in S&P 500 companies and GLIX 49.3%. Lazard Listed Infrastructure ETF and Global X U.S. Infrastructure Development ETF.

PAVE costs 0.49 points a year less; their one-year returns differ by 6.8 points; PAVE is far larger, $13.6bn against $30m.

GLIXPAVE
Expense ratio0.96%0.47%
Net assets, GLIX as of Jun 30, 2026 and PAVE as of Oct 8, 2026$30m$13.6bn
Total return, 1 year+6.4%+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 10.8 ptsbehind by 4.1 pts
Active share vs the S&P 50098%
Below its all-time high7.1%, high on Jun 26, 202610.8%, high on Jun 25, 2026
49.3%
GLIX in the S&P 500
63.9%
PAVE in the S&P 500
+6.4%
GLIX total return, 1 year
+13.2%
PAVE 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.

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 · GLIX 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
WindowGLIXPAVEGLIXPAVEGLIXPAVE
3 months−5.9%−5.7%−9.3 pts−9.1 pts−9.6 pts−9.4 pts
6 months−5.3%−2.0%−20.4 pts−17.2 pts−28.5 pts−25.2 pts
1 year+6.4%+13.2%−10.8 pts−4.1 pts−17.2 pts−10.4 pts
3 yearsnot published+78.0%not published−7.8 ptsnot published−29.3 pts
Since launch
GLIX Oct 2025 · PAVE Mar 2017
+6.4%+285.0%−10.8 pts+1.6 pts−17.8 pts−228.9 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
PAVE
Global X U.S. Infrastructure Development ETF · Holds 100 stocks in infrastructure, 64% of its weight in S&P 500 companies
Issuer Lazard Global X
Theme Infrastructure Infrastructure
In the S&P 500 49.3% 63.9%
Active share vs the S&P 500 98.5% 97.2%
In the Nasdaq-100 13.3% 6.5%
Holdings 27 100
Top ten, share of the fund 55.4% 32.9%
Expense ratio 0.96% 0.47%
Fee for the differing part 0.97% 0.48%
Total return, 1 year +6.4% +13.2%
vs the S&P 500 −10.8 pts −4.1 pts
vs the Nasdaq-100 −17.2 pts −10.4 pts
Below its high −7.1% −10.8%
Net assets, GLIX as of Jun 30, 2026 and PAVE as of Oct 8, 2026 $30m $13.6bn

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.

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, GLIX or PAVE?
GLIX has 49% of its weight in S&P 500 names and PAVE has 64%, so GLIX differs more from the index.
Which is cheaper, GLIX or PAVE?
GLIX charges 0.96% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.
Other comparisons
GLIX vs NGIFGLIX vs IGFGLIX vs IFRAGLIX vs NFRAPAVE vs RBLDPAVE vs RIFRPAVE vs NFRXPAVE vs BILT
GLIX on its own →PAVE 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 ↗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, GLIX against PAVE, data as of Oct 9, 2026. https://etfiq.com/compare/themes/glix-vs-pave

Open data

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