Do PAVE and RBLD hold the same stocks?

By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, PAVE or RBLD?

PAVE has 64% of its weight in S&P 500 names and RBLD has 82%, so PAVE differs more from the index.

Which is cheaper, PAVE or RBLD?

PAVE charges 0.47% a year and RBLD charges 0.65%, so PAVE is cheaper. Fees come from each fund's prospectus.

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PAVE vs RBLD: which is really different?

PAVE and RBLD hold 22% of their weight in the same names, and PAVE returned +11.2% over the year. Global X U.S. Infrastructure Development ETF and First Trust Alerian U.S. NextGen Infrastructure ETF.

63.7%

PAVE in the S&P 500

81.6%

RBLD in the S&P 500

+11.2%

PAVE total return, 1 year

+10.5%

RBLD total return, 1 year

PAVE · 1 year to Sep 30, 202636% of its weight is outside the S&P 500

64% of PAVE's weight is in S&P 500 companies and 36% is outside the index

RBLD · 1 year to Sep 30, 202618% of its weight is outside the S&P 500

82% of RBLD's weight is in S&P 500 companies and 18% is outside the index

ETFIQ Off-Index Score · PAVE scores higherHow much of it is not the index it is sold as an alternative to?

PAVE 41.3

RBLD 25.7

0.1, the lowest in this set92.0, the highest

A percentile among the 375 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, PAVE and RBLD hold 22% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 30, 2026.

50%

half

22% in common

Positions both hold, largest shared weight first

Holding PAVE RBLD

EMERSON ELECTRIC CO 3.52% 1.21%

EATON CORP PLC 3.40% 1.14%

NUCOR CORP 3.19% 1.13%

RELIANCE INC 1.21% 1.10%

PARKER HANNIFIN CORP 3.19% 1.08%

STEEL DYNAMICS INC 1.97% 1.07%

IDEX CORP 1.04% 1.11%

EMCOR GROUP INC 2.06% 1.03%

QUANTA SERVICES INC 3.23% 1.03%

TRANE TECHNOLOGIES PLC 3.10% 1.03%

NORFOLK SOUTHERN CORP 2.92% 1.02%

UNION PACIFIC CORP 2.94% 1.02%

Only in PAVE

DEERE & CO 3.62%

FASTENAL CO 3.53%

UNITED RENTALS INC 2.89%

CRH PLC 2.78%

HOWMET AEROSPACE INC 2.59%

ATI INC 1.59%

AMRIZE LTD 1.27%

WOODWARD INC 1.21%

Only in RBLD

Okta, Inc. 1.51%

Twilio Inc. (Class A) 1.44%

Snowflake Inc. (Class A) 1.36%

Cloudflare, Inc. (Class A) 1.35%

Freeport-McMoRan Inc. 1.24%

Nordson Corporation 1.23%

Wabtec Corporation 1.19%

Bloom Energy Corporation (Class A) 1.16%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

22% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	PAVE	RBLD	PAVE	RBLD	PAVE	RBLD
3 months	−9.0%	−6.5%	−11.5 pts	−9.0 pts	−11.1 pts	−8.6 pts
6 months	+1.8%	+1.1%	−15.2 pts	−15.8 pts	−25.1 pts	−25.7 pts
1 year	+11.2%	+10.5%	−4.5 pts	−5.2 pts	−12.6 pts	−13.3 pts
3 years	+76.5%	+69.0%	−8.5 pts	−16.0 pts	−33.5 pts	−41.0 pts
Since launch PAVE Mar 2017 · RBLD Jan 2010	+278.2%	+177.9%	+2.6 pts	−626.7 pts	−226.4 pts	−1559.6 pts

PAVE and RBLD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

PAVE

Global X U.S. Infrastructure Development ETF · Holds 102 stocks in infrastructure, 64% of its weight in S&P 500 companies

RBLD

First Trust Alerian U.S. NextGen Infrastructure ETF · Holds 104 stocks in infrastructure, 82% of its weight in S&P 500 companies

Issuer Global X First Trust

Theme Infrastructure Infrastructure

In the S&P 500 63.7% 81.6%

Active share vs the S&P 500 97.2% 91.8%

In the Nasdaq-100 6.4% 7.9%

Holdings 102 104

Top ten, share of the fund 32.8% 12.8%

Expense ratio 0.47% 0.65%

Fee for the differing part 0.48% 0.71%

Total return, 1 year +11.2% +10.5%

vs the S&P 500 −4.5 pts −5.2 pts

vs the Nasdaq-100 −12.6 pts −13.3 pts

Below its high −12.3% −8.7%

Net assets $13.4bn $41m

PAVE and RBLD on the same fields, as of Sep 30, 2026. Source: ETFIQ.

PAVE in plain words

By weight, 64% 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 33% of the fund across 102 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +11.2% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 4.5 pts. It sits 12.3% below its all-time high of Jun 25, 2026.

RBLD in plain words

By weight, 82% of RBLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 13% of the fund across 104 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +10.5% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 5.2 pts. It sits 8.7% below its all-time high of Jun 25, 2026.

Questions people ask

Do PAVE and RBLD hold the same stocks?: By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, PAVE or RBLD?: PAVE has 64% of its weight in S&P 500 names and RBLD has 82%, so PAVE differs more from the index.
Which is cheaper, PAVE or RBLD?: PAVE charges 0.47% a year and RBLD charges 0.65%, so PAVE is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAVE vs QTUM PAVE vs SOXX PAVE vs URA PAVE vs XAR RBLD vs BLDX RBLD vs EFRA RBLD vs IFRA RBLD vs UPGR

PAVE on its own →RBLD on its own →How every figure is computed →Standards and sources →

Where these figures came from

PAVE filings on SEC EDGAR ↗PAVE prospectus with the expense ratio (SEC) ↗Global X page for PAVE ↗RBLD filings on SEC EDGAR ↗RBLD prospectus with the expense ratio (SEC) ↗First Trust page for RBLD ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, PAVE against RBLD, data as of Sep 30, 2026. https://etfiq.com/compare/themes/pave-vs-rbld

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.