Data as of Oct 28, 2026.
ITA vs PAVE: Holdings Overlap & Returns
Over the year to Oct 28, 2026, ITA returned −4.3% to PAVE's +11.4%; 7% of their weight is in the same names.
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Net assets: $12.0bn on Oct 27, 2026 for iShares U.S. Aerospace & Defense ETF, and $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF.
81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.
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
ITA costs 0.10 points a year less; their one-year returns differ by 15.7 points; PAVE is 1.1 times larger.
| Measure | ITA | PAVE |
|---|---|---|
| Return | ||
| Total return, 1 year | −4.3% | +11.4% |
| Drawdown | ||
| Below its all-time high | 17.9%, high on Aug 14, 2026 | 10.9%, high on Jun 25, 2026 |
| Benchmark | ||
| What it tracks | Defense | Infrastructure |
| Cost and size | ||
| Expense ratio | 0.37% | 0.47% |
| Net assets, as of Oct 12, 2026 | $12.0bn | $13.6bn |
| Holdings | ||
| Holdings in common | 7% | |
How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, ITA and PAVE hold 7% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
7% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | ITA | PAVE |
| 3 months | −12.0% | −3.0% |
| 6 months | −2.4% | −3.1% |
| 1 year | −4.3% | +11.4% |
| 3 years | +97.8% | +92.8% |
| Since launchNot the same days: ITA May 2006 · PAVE Mar 2017 | +892.2% | +284.2% |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
7% of the two portfolios are the same securities at the same weight.
ITA
By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 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 ITA and PAVE hold the same stocks?
- By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
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, ITA against PAVE, data as of Oct 28, 2026. https://etfiq.com/compare/themes/ita-vs-pave
ETFIQ. (Oct 28, 2026). ITA against PAVE. Retrieved from https://etfiq.com/compare/themes/ita-vs-pave
[ITA against PAVE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/ita-vs-pave)
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