Data as of .
ITA vs PAVE: which is really different?
ITA holds 79.5% of its weight in S&P 500 companies and PAVE 63.1%.
ETFIQ Off-Index Score: ITA 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, ITA and PAVE hold 7% of their money in the same securities at the same weight.
| Holding | ITA | PAVE |
|---|---|---|
| HOWMET AEROSPACE | 4.24% | 2.55% |
| ATI | 2.12% | 1.62% |
| CARPENTER TECHNOLOGY | 1.74% | 1.31% |
| WOODWARD | 1.55% | 1.20% |
| Only in ITA | Only in PAVE |
|---|---|
| GE AEROSPACE 21.81% | DEERE & CO 3.53% |
| RTX 17.21% | NUCOR CORP 3.42% |
| BOEING 9.36% | FASTENAL CO 3.40% |
| GENERAL DYNAMICS CORP 4.82% | EMERSON ELECTRIC CO 3.35% |
| LOCKHEED MARTIN CORP 4.69% | EATON CORP PLC 3.27% |
| NORTHROP GRUMMAN CORP 4.44% | QUANTA SERVICES INC 3.17% |
| TRANSDIGM GROUP 4.31% | PARKER HANNIFIN CORP 3.07% |
| L3HARRIS TECHNOLOGIES 3.61% | 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 | |||
|---|---|---|---|---|---|---|
| ITA | PAVE | ITA | PAVE | ITA | PAVE | |
| 3 months | −6.3% | −6.2% | −9.6 pts | −9.5 pts | −5.5 pts | −5.4 pts |
| 6 months | −4.4% | +8.0% | −20.4 pts | −8.0 pts | −25.1 pts | −12.7 pts |
| 1 year | +10.0% | +15.7% | −7.5 pts | −1.8 pts | −13.0 pts | −7.3 pts |
| 3 years | +103.7% | +76.8% | +25.8 pts | −1.1 pts | +8.6 pts | −18.3 pts |
| Since launch | +906.7% | +289.6% | +102.3 pts | +14.1 pts | −767.2 pts | −194.1 pts |
| ITA iShares U.S. Aerospace & Defense ETF Holds 51 stocks in defense, 80% 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 | 79.5% | 63.1% |
| Active share vs the S&P 500 | 97.9% | 97.2% |
| In the Nasdaq-100 | 3.0% | 6.3% |
| Holdings | 51 | 102 |
| Top ten, share of the fund | 77.5% | 32.1% |
| Expense ratio | 0.37% | 0.47% |
| Fee for the differing part | 0.38% | 0.48% |
| Total return, 1 year | +10.0% | +15.7% |
| vs the S&P 500 | −7.5 pts | −1.8 pts |
| vs the Nasdaq-100 | −13.0 pts | −7.3 pts |
| Below its high | −13.5% | −9.7% |
ITA in plain words
By weight, 80% 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 78% of the fund across 51 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +10.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 7.5 pts. It sits 13.5% below its all-time high of Aug 14, 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, ITA or PAVE?
- ITA has 80% of its weight in S&P 500 names and PAVE has 63%, so ITA differs more from the index.
- Which is cheaper, ITA or PAVE?
- ITA charges 0.37% a year and PAVE charges 0.47%, so ITA 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, ITA against PAVE, data as of Sep 11, 2026. https://etfiq.com/compare/themes/ita-vs-pave Free to use with attribution; the underlying files are at Open data.