Do PAVE and QTUM hold the same stocks?

By their latest filings, 0% 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, PAVE or QTUM?

PAVE has 62% of its weight in S&P 500 names and QTUM has 38%, so PAVE differs more from the index.

Which is cheaper, PAVE or QTUM?

PAVE charges 0.47% a year and QTUM charges 0.40%, so QTUM is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

PAVE vs QTUM: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Oct 28, 2026, PAVE returned +11.4% to QTUM's +28.9%; 0% of their weight is in the same names.

askIQ about this page

askIQ about PAVE and QTUM

Net assets: $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF, and $5.4bn on Oct 27, 2026 for Defiance Quantum ETF.

PAVE on its own →QTUM on its own →

At a glance

62.1%

PAVE in the S&P 500

37.5%

QTUM in the S&P 500

+11.4%

PAVE total return, 1 year

+28.9%

QTUM total return, 1 year

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.

QTUM · 1 year to Oct 28, 2026 63% of its weight is outside the S&P 500

38% of QTUM's weight is in S&P 500 companies and 63% is outside the index. Holdings as of Oct 28, 2026.

Pair scorecard

QTUM costs 0.07 points a year less; their one-year returns differ by 17.5 points; PAVE is 2.4 times larger.

PAVE vs QTUM: Holdings Overlap & Returns
Measure	PAVE	QTUM
Return
Measure	PAVE	QTUM
Total return, 1 year	+11.4%	+28.9%
Drawdown
Measure	PAVE	QTUM
Below its all-time high	10.9%, high on Jun 25, 2026	14.3%, high on Jun 2, 2026
Benchmark
Measure	PAVE	QTUM
What it tracks	Infrastructure	Quantum computing
Cost and size
Measure	PAVE	QTUM
Expense ratio	0.47%	0.40%
Net assets, as of Oct 12, 2026	$13.6bn	$5.6bn
Holdings
Measure	PAVE	QTUM
Holdings in common	0%
Top ten holdings, share of the fund	32%	18%

Holdings in common uses holdings dated May 31, 2026 and Oct 28, 2026. Method

Risk and return

Sep 14, 2018 to Oct 23, 2026 · 423 weekly returns

PAVE QTUM

Return

Total return edge QTUM +216.5% +489.3%

Annualized edge QTUM +15.2% +24.4%

Price return edge QTUM +198.8% +450.1%

Risk

Volatility edge PAVE (slight) 25.4% 26.3%

Max drawdown edge QTUM (slight) −42.2% −38.1%

Risk-adjusted

Sharpe edge QTUM 0.58 0.86

Sortino edge QTUM 0.84 1.28

Calmar edge QTUM 0.36 0.64

Reading

QTUM returned more: +489.3% to +216.5%. PAVE swung slightly less: 25.4% to 26.3%. QTUM fell slightly less at its worst: −38.1% to −42.2%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: PAVE vs QTUM: Holdings Overlap & Returns
Measure	PAVE	QTUM	Edge	How it is measured
Return
Total return	+216.5%	+489.3%	QTUM	Price change plus distributions, reinvested.
Annualized	+15.2%	+24.4%	QTUM	Total return as a yearly rate.
Price return	+198.8%	+450.1%	QTUM	Price change alone, distributions left out.
Risk
Volatility	25.4%	26.3%	PAVE (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.4%	17.6%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−42.2%	−38.1%	QTUM (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.58	0.86	QTUM	Return above Treasury bills per unit of volatility.
Sortino	0.84	1.28	QTUM	Return above Treasury bills per unit of downside deviation.
Calmar	0.36	0.64	QTUM	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 423 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, PAVE and QTUM hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first PAVE QTUM

Only in one fund ↓

Only in PAVE

QUANTA SERVICES, INC. 4.18%

CSX Corporation 3.48%

EATON CORPORATION PUBLIC LIMITED COMPANY 3.30%

HOWMET AEROSPACE INC. 3.27%

TRANE TECHNOLOGIES PLC 3.19%

UNION PACIFIC CORPORATION 3.12%

NUCOR CORPORATION 3.10%

ROCKWELL AUTOMATION, INC. 2.92%

Only in QTUM

Global Unichip Corp 2.43%

Elastic Nv 2.14%

Horizon Quantum Holdings Ltd 1.86%

Palantir Technologies Inc 1.84%

Nutanix Inc 1.78%

Cloudflare Inc 1.77%

Snowflake Inc 1.73%

Arqit Quantum Inc 1.72%

Check overlap with more funds →

Window by window

Window by window: PAVE vs QTUM: Holdings Overlap & Returns
	Total return
Window	PAVE	QTUM
3 months	−3.0%	+9.1%
6 months	−3.1%	+11.2%
1 year	+11.4%	+28.9%
3 years	+92.8%	+229.7%
Since launchNot the same days: PAVE Mar 2017 · QTUM Sep 2018	+284.2%	+522.8%

Open this comparison in the app →

Side by side

PAVE Global X U.S. Infrastructure Development ETF · Holds 100 stocks in infrastructure, 62% of its weight in S&P 500 companies QTUM Defiance Quantum ETF · Holds 85 stocks in quantum computing, 38% of its weight in S&P 500 companies

Issuer Global X Defiance

Theme Infrastructure Quantum computing

In the S&P 500 62.1% 37.5%

Active share vs the S&P 500 97.2% 82.2%

In the Nasdaq-100 6.2% 28.0%

Holdings 100 85

Top ten, share of the fund 32.3% 18.5%

Expense ratio 0.47% 0.40%

Fee for the differing part 0.48% 0.49%

Total return, 1 year +11.4% +28.9%

vs its benchmark not measured not measured

Below its high −10.9% −14.3%

Net assets, PAVE as of Oct 12, 2026 and QTUM as of Oct 27, 2026 $13.6bn $5.4bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief

No client brief for this pair: the two funds' holdings are dated 150 days apart.

Alert

About each fund

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.

QTUM

By weight, 38% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 18% of the fund across 85 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned +28.9% with distributions reinvested. It sits 14.3% below its all-time high of Jun 2, 2026.

Questions people ask

Do PAVE and QTUM hold the same stocks?: By their latest filings, 0% 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, PAVE or QTUM?: PAVE has 62% of its weight in S&P 500 names and QTUM has 38%, so PAVE differs more from the index.
Which is cheaper, PAVE or QTUM?: PAVE charges 0.47% a year and QTUM charges 0.40%, so QTUM is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAVE vs CIBR PAVE vs ARKK PAVE vs ARTY PAVE vs COPX QTUM vs IGF QTUM vs IFRA QTUM vs CIBR QTUM vs AIRR

Where to next

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

Sources and dates

PAVE filings on SEC EDGAR ↗

PAVE prospectus with the expense ratio (SEC) ↗

Global X page for PAVE ↗

QTUM filings on SEC EDGAR ↗

QTUM prospectus with the expense ratio (SEC) ↗

Defiance page for QTUM ↗

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

Open data →

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