{"url":"https://etfiq.com/compare/themes/pave-vs-ppa","section":"compare","title":"PAVE vs PPA: Holdings Overlap & Returns | ETFIQ","description":"Over the year to Oct 28, 2026, PAVE returned +11.4% to PPA's \u22120.2%; 11% of their weight is in the same names. Returns and overlap to Oct 28, 2026.","as_of":"Oct 28, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Do PAVE and PPA hold the same stocks?","acceptedAnswer":{"@type":"Answer","text":"By their latest filings, 11% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share."}},{"@type":"Question","name":"Which is more different from the S&P 500, PAVE or PPA?","acceptedAnswer":{"@type":"Answer","text":"PAVE has 62% of its weight in S&P 500 names and PPA has 77%, so PAVE differs more from the index."}},{"@type":"Question","name":"Which is cheaper, PAVE or PPA?","acceptedAnswer":{"@type":"Answer","text":"PAVE charges 0.47% a year and PPA charges 0.58%, so PAVE is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"PAVE vs PPA","item":"https://etfiq.com/compare/themes/pave-vs-ppa"}]},{"@type":"WebPage","name":"PAVE vs PPA: Holdings Overlap & Returns","description":"Over the year to Oct 28, 2026, PAVE returned +11.4% to PPA's \u22120.2%; 11% of their weight is in the same names. Returns and overlap to Oct 28, 2026.","url":"https://etfiq.com/compare/themes/pave-vs-ppa","dateModified":"2026-10-28","abstract":"Over the year to Oct 28, 2026, PAVE returned +11.4% to PPA's \u22120.2%; 11% of their weight is in the same names.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PAVE and PPA","description":"Over the year to Oct 28, 2026, PAVE returned +11.4% to PPA's \u22120.2%; 11% of their weight is in the same names. Returns and overlap to Oct 28, 2026.","dateModified":"2026-10-28","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/themes/pave-vs-ppa","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]}],"characters":7429,"truncated":true,"content":"ETFIQ / Thematic ETFs / Compare ETFs / PAVE vs PPA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 28, 2026 .\n\n PAVE vs PPA: Holdings Overlap & Returns\n\n Over the year to Oct 28, 2026, PAVE returned +11.4% to PPA's \u22120.2%; 11% of their weight is in the same names.\n Copy this for sharing \n \n PAVE costs 0.11 points a year less; their one-year returns differ by 11.6 points; PAVE is 1.9 times larger.\n PAVE and PPA at a glance. As of Oct 28, 2026. Source: ETFIQ. PAVE PPA \n Expense ratio 0.47% 0.58% \n Net assets, as of Oct 12, 2026 $13.6bn $7.3bn \n Total return, 1 year +11.4% \u22120.2% \n What ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, PAVE against PPA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/pave-vs-ppa","a":{"ticker":"PAVE","name":"Global X U.S. Infrastructure Development ETF","issuer":"Global X","desk":"themes","as_of":"2026-10-28","verdict":"Between May 29, 2026 and Oct 16, 2026, PAVE lost 6.1%, against \u22125.8% for its own holdings.","url":"https://etfiq.com/funds/pave","key_facts":[{"label":"Already in the S&P 500","value":"62.1%","as_of":"2026-05-31","source":"its SEC filing (Form N-PORT)"},{"label":"Active share vs the S&P 500","value":"97.2%","as_of":"2026-05-31","source":"ETFIQ"},{"label":"Top ten holdings","value":"32.3%","as_of":"2026-05-31","source":"its SEC filing (Form N-PORT)"},{"label":"Total return, 1 year","value":"+11.4%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.9%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Jun 29, 2026","value":"$0.1027","as_of":"2026-06-29","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$13.6bn","as_of":"2026-10-12","source":"issuer page, as of Oct 12, 2026"},{"label":"Expense ratio","value":"0.47%","as_of":"2026-03-27","source":"485BPOS XBRL, Mar 27, 2026"}]},"b":{"ticker":"PPA","name":"Invesco Aerospace & Defense ETF","issuer":"Invesco","desk":"themes","as_of":"2026-10-28","verdict":"Over the year to Oct 28, 2026, PPA lost 0.2%, against 13.7% for IVV.","url":"https://etfiq.com/funds/ppa","key_facts":[{"label":"Already in the S&P 500","value":"76.7%","as_of":"2026-10-27","source":"the issuer\u2019s daily holdings file"},{"label":"Active share vs the S&P 500","value":"96.4%","as_of":"2026-10-27","source":"ETFIQ"},{"label":"Top ten holdings","value":"61.2%","as_of":"2026-10-27","source":"the issuer\u2019s daily holdings file"},{"label":"Total return, 1 year","value":"\u22120.2%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"0.4%","as_of":"2026-10-28","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid quarterly), ex-date Sep 21, 2026","value":"$0.4787","as_of":"2026-09-21","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$7.4bn","as_of":"2026-10-27","source":"issuer page, as of Oct 27, 2026"},{"label":"Expense ratio","value":"0.58%","as_of":"2026-08-27","source":"485BPOS XBRL, Aug 27, 2026"}]},"overlap_pct":11,"full_text_at":"https://etfiq.com/compare/themes/pave-vs-ppa"}