Do IDEF and PAVE hold the same stocks?

By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IDEF or PAVE?

IDEF has 42% of its weight in S&P 500 names and PAVE has 62%, so PAVE differs more from the index.

Which is cheaper, IDEF or PAVE?

IDEF charges 0.55% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

IDEF vs PAVE: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Oct 28, 2026, IDEF returned −5.7% to PAVE's +11.4%; 3% of their weight is in the same names.

askIQ about this page

askIQ about IDEF and PAVE

Net assets: $3.7bn on Oct 28, 2026 for iShares Defense Industrials and Tech Active ETF, and $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF.

IDEF on its own →PAVE on its own →

At a glance

42.5%

IDEF in the S&P 500

62.1%

PAVE in the S&P 500

−5.7%

IDEF total return, 1 year

+11.4%

PAVE total return, 1 year

IDEF · 1 year to Oct 28, 2026 58% of its weight is outside the S&P 500

43% of IDEF's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Oct 27, 2026.

PAVE · 1 year to Oct 28, 2026 38% of its weight is outside the S&P 500

62% of PAVE's weight is in S&P 500 companies and 38% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

PAVE costs 0.08 points a year less; their one-year returns differ by 17.1 points; PAVE is 3.7 times larger.

IDEF vs PAVE: Holdings Overlap & Returns
Measure	IDEF	PAVE
Return
Measure	IDEF	PAVE
Total return, 1 year	−5.7%	+11.4%
Drawdown
Measure	IDEF	PAVE
Below its all-time high	17.0%, high on Mar 2, 2026	10.9%, high on Jun 25, 2026
Benchmark
Measure	IDEF	PAVE
What it tracks	Defense	Infrastructure
Cost and size
Measure	IDEF	PAVE
Expense ratio	0.55%	0.47%
Net assets, as of Oct 12, 2026	$3.7bn	$13.6bn
Holdings
Measure	IDEF	PAVE
Holdings in common	3%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, IDEF and PAVE hold 3% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first IDEF PAVE

HOWMET AEROSPACE 0.74% 3.27%

WOODWARD 0.46% 1.14%

ATI 0.41% 1.29%

RBC BEARINGS 0.38% 0.98%

CRANE 0.36% 0.57%

LINCOLN ELECTRIC HOLDINGS 0.32% 0.77%

CARPENTER TECHNOLOGY 0.31% 1.27%

TUTOR PERINI 0.31% 0.26%

MATERION 0.21% 0.41%

Only in one fund ↓

Only in IDEF

RTX 7.05%

LOCKHEED MARTIN 5.27%

GENERAL DYNAMICS CORP 4.15%

NORTHROP GRUMMAN CORP 3.92%

BOEING 3.44%

ROLLS-ROYCE HOLDINGS PLC 3.06%

PALANTIR TECHNOLOGIES CLASS A 3.02%

SPACE EXPLORATION TECHNOLOGIES COR 2.93%

Only in PAVE

QUANTA SERVICES, INC. 4.18%

CSX Corporation 3.48%

EATON CORPORATION PUBLIC LIMITED COMPANY 3.30%

TRANE TECHNOLOGIES PLC 3.19%

UNION PACIFIC CORPORATION 3.12%

NUCOR CORPORATION 3.10%

ROCKWELL AUTOMATION, INC. 2.92%

NORFOLK SOUTHERN CORPORATION 2.90%

Check overlap with more funds →

Window by window

Window by window: IDEF vs PAVE: Holdings Overlap & Returns
	Total return
Window	IDEF	PAVE
3 months	−3.0%	−3.0%
6 months	−5.8%	−3.1%
1 year	−5.7%	+11.4%
3 years	–	+92.8%
Since launchNot the same days: IDEF May 2025 · PAVE Mar 2017	+22.1%	+284.2%

– means no data for this window. Open this comparison in the app →

Side by side

IDEF iShares Defense Industrials and Tech Active ETF · Holds 155 stocks in defense, 42% of its weight in S&P 500 companies PAVE Global X U.S. Infrastructure Development ETF · Holds 100 stocks in infrastructure, 62% of its weight in S&P 500 companies

Issuer iShares Global X

Theme Defense Infrastructure

In the S&P 500 42.5% 62.1%

Active share vs the S&P 500 92.2% 97.2%

In the Nasdaq-100 10.7% 6.2%

Holdings 155 100

Top ten, share of the fund 37.3% 32.3%

Expense ratio 0.55% 0.47%

Fee for the differing part 0.60% 0.48%

Total return, 1 year −5.7% +11.4%

vs its benchmark not measured not measured

Below its high −17.0% −10.9%

Net assets, IDEF as of Oct 28, 2026 and PAVE as of Oct 12, 2026 $3.7bn $13.6bn

As of Oct 28, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Alert

About each fund

IDEF

By weight, 42% of IDEF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 37% of the fund across 155 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −5.7% with distributions reinvested. It sits 17.0% below its all-time high of Mar 2, 2026.

PAVE

By weight, 62% 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 100 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned +11.4% with distributions reinvested. It sits 10.9% below its all-time high of Jun 25, 2026.

Questions people ask

Do IDEF and PAVE hold the same stocks?: By their latest filings, 3% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IDEF or PAVE?: IDEF has 42% of its weight in S&P 500 names and PAVE has 62%, so PAVE differs more from the index.
Which is cheaper, IDEF or PAVE?: IDEF charges 0.55% a year and PAVE charges 0.47%, so PAVE is cheaper. Fees come from each fund's prospectus.

Other comparisons

IDEF vs IFRA IDEF vs BAI IDEF vs IGV IDEF vs ITA PAVE vs XAR PAVE vs SHLD PAVE vs PPA PAVE vs ITA

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →IDEF on its own →PAVE on its own →IDEF dividend history →IDEF holdings →PAVE dividend history →PAVE holdings →Method →Standards and sources →

Sources and dates

IDEF filings on SEC EDGAR ↗

IDEF prospectus with the expense ratio (SEC) ↗

iShares page for IDEF ↗

PAVE filings on SEC EDGAR ↗

PAVE prospectus with the expense ratio (SEC) ↗

Global X page for PAVE ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, IDEF against PAVE, data as of Oct 28, 2026. https://etfiq.com/compare/themes/idef-vs-pave

Open data →

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