Do PAVE and XT hold the same stocks?

By their latest filings, 2% 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 XT?

PAVE has 62% of its weight in S&P 500 names and XT has 66%, so PAVE differs more from the index.

Which is cheaper, PAVE or XT?

PAVE charges 0.47% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

PAVE vs XT: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, PAVE returned +11.4% to XT's +22.1%; 2% of their weight is in the same names.

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Net assets: $13.6bn on Oct 12, 2026 for Global X U.S. Infrastructure Development ETF, and $4.1bn on Oct 27, 2026 for iShares Future Exponential Technologies ETF.

PAVE on its own →XT on its own →

At a glance

62.1%

PAVE in the S&P 500

65.5%

XT in the S&P 500

+11.4%

PAVE total return, 1 year

+22.1%

XT 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.

XT · 1 year to Oct 28, 2026 35% of its weight is outside the S&P 500

66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XT costs 0.01 points a year less; their one-year returns differ by 10.7 points; PAVE is 3.4 times larger.

Points (pts) are percentage points.

PAVE vs XT: Holdings Overlap & Returns
Measure	PAVE	XT
Return
Measure	PAVE	XT
Total return, 1 year	+11.4%	+22.1%
Drawdown
Measure	PAVE	XT
Below its all-time high	10.9%, high on Jun 25, 2026
Against its benchmark
Measure	PAVE	XT
What it tracks	Infrastructure	Broad innovation and megatrends
Its benchmark, total return, 1 year		+13.4%
Against its benchmark, 1 year		ahead by 8.7 pts
Cost and size
Measure	PAVE	XT
Expense ratio	0.47%	0.46%
Net assets, as of Oct 12, 2026	$13.6bn	$4.0bn
Holdings
Measure	PAVE	XT
Holdings in common	2%

ETFIQ S&P 500 Difference Score · PAVE scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score79.9PAVE14.7XT

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

PAVE 79.9

XT 14.7

0.4, the lowest in this set 99.6, the highest

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, PAVE and XT hold 2% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first PAVE XT

EMERSON ELECTRIC CO. 2.63% 0.91%

ROCKWELL AUTOMATION, INC. 2.92% 0.47%

HUBBELL INCORPORATED 1.36% 0.21%

LINCOLN ELECTRIC HOLDINGS, INC. 0.77% 0.15%

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%

NORFOLK SOUTHERN CORPORATION 2.90%

Only in XT

TEXAS INSTRUMENT 4.56%

TESLA INC 4.45%

ELI LILLY 4.32%

MICROSOFT 4.11%

PALO ALTO NETWORKS 3.67%

NVIDIA 3.66%

ANALOG DEVICES 3.33%

JOHNSON & JOHNSON 3.02%

Check overlap with more funds →

Window by window

Window by window: PAVE vs XT: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	PAVE	XT	PAVE	XT
3 months	−3.0%	+10.2%	not measured	+5.8 pts vs ACWI
6 months	−3.1%	+14.0%	not measured	+6.6 pts vs ACWI
1 year	+11.4%	+22.1%	not measured	+8.7 pts vs ACWI
3 years	+92.8%	+93.2%	not measured	+4.3 pts vs ACWI
Since launchNot the same days: PAVE Mar 2017 · XT Mar 2015	+284.2%	+297.8%	not measured	+71.7 pts vs ACWI

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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 XT iShares Future Exponential Technologies ETF · Holds 197 stocks in broad innovation and megatrends, 66% of its weight in S&P 500 companies

Issuer Global X iShares

Theme Infrastructure Broad innovation and megatrends

In the S&P 500 62.1% 65.5%

Active share vs the S&P 500 97.2% 69.2%

In the Nasdaq-100 6.2% 41.6%

Holdings 100 197

Top ten, share of the fund 32.3% 36.6%

Expense ratio 0.47% 0.46%

Fee for the differing part 0.48% 0.66%

Total return, 1 year +11.4% +22.1%

vs its benchmark not measured +8.7 pts vs ACWI

Below its high −10.9% −0.5%

Net assets, PAVE as of Oct 12, 2026 and XT as of Oct 27, 2026 $13.6bn $4.1bn

As of Oct 28, 2026. Source: ETFIQ.

2% of the two portfolios are the same securities at the same weight.

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.

By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.

Questions people ask

Do PAVE and XT hold the same stocks?: By their latest filings, 2% 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 XT?: PAVE has 62% of its weight in S&P 500 names and XT has 66%, so PAVE differs more from the index.
Which is cheaper, PAVE or XT?: PAVE charges 0.47% a year and XT charges 0.46%, so XT is cheaper. Fees come from each fund's prospectus.

Other comparisons

PAVE vs ARKK PAVE vs XME PAVE vs COPX PAVE vs CIBR XT vs IGF XT vs IFRA XT vs CIBR XT vs AIRR

Where to next

PAVE on its own →XT on its own →PAVE dividend history →PAVE holdings →XT dividend history →XT 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 ↗

XT filings on SEC EDGAR ↗

XT prospectus with the expense ratio (SEC) ↗

iShares page for XT ↗

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

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