Data as of .
IDEF vs PAVE: which is really different?
PAVE holds 63.1% of its weight in S&P 500 companies and IDEF 36.1%.
ETFIQ Off-Index Score: PAVE scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 371 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, IDEF and PAVE hold 4% of their money in the same securities at the same weight.
| Holding | IDEF | PAVE |
|---|---|---|
| ATI | 0.80% | 1.62% |
| CARPENTER TECHNOLOGY | 0.74% | 1.31% |
| HOWMET AEROSPACE | 0.69% | 2.55% |
| RBC BEARINGS | 0.51% | 0.93% |
| WOODWARD | 0.32% | 1.20% |
| MTU AERO ENGINES HOLDING AG | 0.42% | 0.30% |
| TUTOR PERINI | 0.16% | 0.32% |
| CRANE | 0.12% | 0.70% |
| LINCOLN ELECTRIC HOLDINGS | 0.09% | 0.83% |
| Only in IDEF | Only in PAVE |
|---|---|
| RTX 6.72% | DEERE & CO 3.53% |
| PALANTIR TECHNOLOGIES CLASS A 4.71% | NUCOR CORP 3.42% |
| LOCKHEED MARTIN CORP 3.62% | FASTENAL CO 3.40% |
| BOEING 3.32% | EMERSON ELECTRIC CO 3.35% |
| ROLLS-ROYCE HOLDINGS PLC 3.30% | EATON CORP PLC 3.27% |
| GENERAL DYNAMICS CORP 2.97% | QUANTA SERVICES INC 3.17% |
| USD CASH 2.72% | PARKER HANNIFIN CORP 3.07% |
| THALES SA 2.61% | UNION PACIFIC CORP 2.98% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| IDEF | PAVE | IDEF | PAVE | IDEF | PAVE | |
| 3 months | −1.9% | −6.2% | −5.2 pts | −9.5 pts | −1.1 pts | −5.4 pts |
| 6 months | −8.5% | +8.0% | −24.5 pts | −8.0 pts | −29.2 pts | −12.7 pts |
| 1 year | +4.9% | +15.7% | −12.6 pts | −1.8 pts | −18.1 pts | −7.3 pts |
| 3 years | not published | +76.8% | not published | −1.1 pts | not published | −18.3 pts |
| Since launch | +26.5% | +289.6% | −6.4 pts | +14.1 pts | −13.6 pts | −194.1 pts |
| IDEF iShares Defense Industrials Active ETF Holds 152 stocks in defense, 36% of its weight in S&P 500 companies | PAVE Global X U.S. Infrastructure Development ETF Holds 102 stocks in infrastructure, 63% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | iShares | Global X |
| Theme | Defense | Infrastructure |
| In the S&P 500 | 36.1% | 63.1% |
| Active share vs the S&P 500 | 95.9% | 97.2% |
| In the Nasdaq-100 | 8.5% | 6.3% |
| Holdings | 152 | 102 |
| Top ten, share of the fund | 35.2% | 32.1% |
| Expense ratio | not published | 0.47% |
| Fee for the differing part | not published | 0.48% |
| Total return, 1 year | +4.9% | +15.7% |
| vs the S&P 500 | −12.6 pts | −1.8 pts |
| vs the Nasdaq-100 | −18.1 pts | −7.3 pts |
| Below its high | −13.9% | −9.7% |
IDEF in plain words
By weight, 36% of IDEF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 35% of the fund across 152 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +4.9% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 12.6 pts. It sits 13.9% below its all-time high of Mar 2, 2026.
PAVE in plain words
By weight, 63% 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 32% of the fund across 102 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned +15.7% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 1.8 pts. It sits 9.7% below its all-time high of Jun 25, 2026.
Questions people ask
- Which is more different from the S&P 500, IDEF or PAVE?
- IDEF has 36% of its weight in S&P 500 names and PAVE has 63%, so PAVE differs more from the index.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IDEF against PAVE, data as of Sep 11, 2026. https://etfiq.com/compare/themes/idef-vs-pave Free to use with attribution; the underlying files are at Open data.