DFAS vs PAVE: Holdings Overlap
DFASDimensional U.S. Small Cap ETF
Dimensional · 2121 holdings · $15.3B · as of 2026-04-30
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (DFAS: 2026-04-30, PAVE: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DFAS and PAVE?
Dimensional U.S. Small Cap ETF (DFAS, by Dimensional) holds 2121 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 66 holdings in common, and by portfolio weight the two funds are 6.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 66DFAS holds 2121 · PAVE holds 100
- Weight in Shared Holdings
- DFAS 7%·PAVE 31%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DFAS
2055 of 2121 positions (93.1% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
34 of 100 positions (68.8% of the fund) are not held by DFAS. Showing the top 30 by weight.
Sector Breakdown
| Sector | DFAS | PAVE |
|---|---|---|
| Industrials | 20.6% | 75.1% |
| Materials | 5.4% | 20.3% |
| Financials | 19.2% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Information Technology | 12.0% | 1.1% |
| Other Sectors | 27.5% | 3.1% |
| Unclassified | 2.7% | 0.3% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (3% of DFAS, 0% of PAVE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DFAS | +3.2% | +20.5% | +31.3% | +14.8% | +9.1% | — | 0.95% |
| PAVE | +4.0% | +23.0% | +29.9% | +22.7% | +18.1% | — | 0.73% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DFAS vs PAVE →
Shared Holdings(66)
The top 10 shared positions account for 31% of the overlap, led by WCC, AA and POWL.
 WCCWesco International, Inc. COM | 0.29% | 0.95% | 0.29% |
|---|---|---|---|
 AAAlcoa Corporation COM | 0.22% | 1.09% | 0.22% |
 POWLPowell Industries Inc. COM | 0.21% | 0.56% | 0.21% |
 SPXCSPX Technologies, Inc. COM | 0.21% | 0.58% | 0.21% |
 MLIMueller Industries Inc. COM | 0.20% | 0.77% | 0.20% |
 PRIMPrimoris Services Corp. COM | 0.20% | 0.37% | 0.20% |
 STRLSterling Infrastructure Inc COM | 0.20% | 1.43% | 0.20% |
 VMIValmont Industries, Inc. COM | 0.19% | 0.55% | 0.19% |
 AGXArgan Inc COM | 0.18% | 0.50% | 0.18% |
 CRCrane Co. COMMON STOCK | 0.18% | 0.57% | 0.18% |
 DYDycom Industries, Inc. COM | 0.18% | 0.80% | 0.18% |
 AYIAcuity Inc. COM | 0.18% | 0.51% | 0.18% |
 WMSAdvanced Drainage System Inc COM | 0.17% | 0.59% | 0.17% |
 CMCCommercial Metals Company COM | 0.17% | 0.46% | 0.17% |
 28TTopbuild Corporation COM | 0.17% | 0.64% | 0.17% |
 RRXRegal Rexnord Corporation COM | 0.17% | 0.73% | 0.17% |
 ECGEverus Construction Group Inc. COM | 0.16% | 0.45% | 0.16% |
 TEXTerex Corporation COM | 0.15% | 0.26% | 0.15% |
 ZWSZurn Elkay Water Solutions Corporation COMMON STOCK | 0.15% | 0.43% | 0.15% |
 GVAGranite Construction Inc COM | 0.14% | 0.32% | 0.14% |
 EXPEagle Materials Inc. COM | 0.14% | 0.38% | 0.14% |
 ACAArcosa Inc COM | 0.14% | 0.34% | 0.14% |
 MYRGMYR Group, Inc. | 0.13% | 0.51% | 0.13% |
 CENXCentury Aluminum Company COM | 0.13% | 0.38% | 0.13% |
 CLFCleveland-Cliffs Inc COM | 0.13% | 0.42% | 0.13% |
Frequently Asked Questions
How much do DFAS and PAVE overlap?
DFAS and PAVE overlap by 6.8% of portfolio weight. They share 66 holdings (DFAS holds 2121 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DFAS and PAVE?
The two portfolios are 6.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DFAS and PAVE?
The largest positions held by both funds are WCC, AA, POWL, SPXC and MLI. Together the top 10 shared positions account for 31% of the total overlap.
What does DFAS own that PAVE doesn't?
2055 positions (93.1% of DFAS) are unique to DFAS, led by AMKR, TTMI and AEIS. In the other direction, 34 positions (68.8% of PAVE) are unique to PAVE.