Data as of .
IFRA vs PAVE: which is really different?
IFRA holds 71.4% of its weight in S&P 500 companies and PAVE 63.1%.
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, IFRA and PAVE hold 36% of their money in the same securities at the same weight.
| Holding | IFRA | PAVE |
|---|---|---|
| QUANTA SERVICES INC | 3.52% | 3.17% |
| UNION PACIFIC | 4.43% | 2.98% |
| CSX | 3.48% | 2.95% |
| NORFOLK SOUTHERN CORP | 2.78% | 2.92% |
| UNITED RENTALS | 2.36% | 2.77% |
| CRH PUBLIC LIMITED PLC | 2.24% | 2.88% |
| NUCOR | 2.21% | 3.42% |
| SEMPRA | 1.62% | 2.84% |
| EMCOR GROUP | 1.26% | 2.07% |
| VULCAN MATERIALS | 1.24% | 1.95% |
| STEEL DYNAMICS INC | 1.22% | 2.06% |
| MARTIN MARIETTA MATERIALS | 1.15% | 1.82% |
| Only in IFRA | Only in PAVE |
|---|---|
| NEXTERA ENERGY 4.05% | DEERE & CO 3.53% |
| CATERPILLAR INC 3.76% | FASTENAL CO 3.40% |
| SOUTHERN 2.91% | EMERSON ELECTRIC CO 3.35% |
| CONSTELLATION ENERGY CORP 2.85% | EATON CORP PLC 3.27% |
| DUKE ENERGY CORP 2.74% | PARKER HANNIFIN CORP 3.07% |
| WILLIAMS 2.61% | ROCKWELL AUTOMATION INC 2.96% |
| COMFORT SYSTEMS USA 2.12% | TRANE TECHNOLOGIES PLC 2.94% |
| AMERICAN ELECTRIC POWER INC 1.97% | HOWMET AEROSPACE INC 2.55% |
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 | |||
|---|---|---|---|---|---|---|
| IFRA | PAVE | IFRA | PAVE | IFRA | PAVE | |
| 3 months | −5.6% | −6.2% | −8.9 pts | −9.5 pts | −4.8 pts | −5.4 pts |
| 6 months | +2.3% | +8.0% | −13.7 pts | −8.0 pts | −18.4 pts | −12.7 pts |
| 1 year | +13.5% | +15.7% | −4.0 pts | −1.8 pts | −9.5 pts | −7.3 pts |
| 3 years | +61.6% | +76.8% | −16.3 pts | −1.1 pts | −33.5 pts | −18.3 pts |
| Since launch | +169.3% | +289.6% | −57.4 pts | +14.1 pts | −200.6 pts | −194.1 pts |
| IFRA iShares U.S. Infrastructure ETF Holds 164 stocks in infrastructure, 71% 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 | Infrastructure | Infrastructure |
| In the S&P 500 | 71.4% | 63.1% |
| Active share vs the S&P 500 | 95.7% | 97.2% |
| In the Nasdaq-100 | 11.0% | 6.3% |
| Holdings | 164 | 102 |
| Top ten, share of the fund | 33.1% | 32.1% |
| Expense ratio | 0.30% | 0.47% |
| Fee for the differing part | 0.31% | 0.48% |
| Total return, 1 year | +13.5% | +15.7% |
| vs the S&P 500 | −4.0 pts | −1.8 pts |
| vs the Nasdaq-100 | −9.5 pts | −7.3 pts |
| Below its high | −8.9% | −9.7% |
IFRA in plain words
By weight, 71% of IFRA'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 33% of the fund across 164 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +13.5% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 4.0 pts. It sits 8.9% below its all-time high of Jun 25, 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, IFRA or PAVE?
- IFRA has 71% of its weight in S&P 500 names and PAVE has 63%, so PAVE differs more from the index.
- Which is cheaper, IFRA or PAVE?
- IFRA charges 0.30% a year and PAVE charges 0.47%, so IFRA is cheaper. Fees come from each fund's prospectus.
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, IFRA against PAVE, data as of Sep 11, 2026. https://etfiq.com/compare/themes/ifra-vs-pave Free to use with attribution; the underlying files are at Open data.