FIDU vs PAVE: Holdings Overlap
FIDUFidelity MSCI Industrials Index ETF
Fidelity · 359 holdings · $2.3B · 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 (FIDU: 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 FIDU and PAVE?
Fidelity MSCI Industrials Index ETF (FIDU, by Fidelity) holds 359 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 68 holdings in common, and by portfolio weight the two funds are 26.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 26.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 68FIDU holds 359 · PAVE holds 100
- Weight in Shared Holdings
- FIDU 26%·PAVE 73%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 FIDU
291 of 359 positions (73.4% of the fund) are not held by PAVE. Showing the top 30 by weight.
Sector Breakdown
| Sector | FIDU | PAVE |
|---|---|---|
| Industrials | 99.5% | 75.1% |
| Materials | 0.0% | 20.3% |
| Utilities | 0.0% | 3.1% |
| Information Technology | 0.3% | 1.1% |
| Other Sectors | 0.0% | 0.0% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FIDU | +1.6% | +20.2% | +25.0% | +20.8% | +14.0% | +14.2% | 0.91% |
| 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 FIDU vs PAVE →
Shared Holdings(68)
The top 10 shared positions account for 62% of the overlap, led by ETN, UNP and DE.
 ETNEaton Corporation PLC COM USD0.01 | 2.40% | 3.30% | 2.40% |
|---|---|---|---|
 UNPUnion Pacific Corporation COM | 2.29% | 3.12% | 2.29% |
 DEDeere & Company COM | 2.17% | 2.86% | 2.17% |
 PHParker-Hannifin Corp. COM | 1.64% | 2.48% | 1.64% |
 TTTrane Technologies PLC COM USD1 | 1.56% | 3.19% | 1.56% |
 PWRQuanta Services, Inc. COM | 1.55% | 4.18% | 1.55% |
 HWMHowmet Aerospace Inc COM | 1.33% | 3.27% | 1.33% |
 CSXCSX Corporation COM | 1.21% | 3.48% | 1.21% |
 EMREmerson Electric Co. COM | 1.13% | 2.64% | 1.13% |
 NSCNorfolk Southern Corporation COM | 1.01% | 2.90% | 1.01% |
 URIUnited Rentals, Inc. COM | 0.87% | 2.87% | 0.87% |
 FASTFastenal Co. COM | 0.74% | 2.71% | 0.74% |
 ROKRockwell Automation, Inc. COM | 0.66% | 2.92% | 0.66% |
 EMEEmcor Group Inc COM | 0.57% | 2.01% | 0.57% |
 HUBBHubbell Incorporated COM | 0.39% | 1.36% | 0.39% |
 MTZMastec, Inc. COM | 0.35% | 1.62% | 0.35% |
 WWDWoodward Inc. COM | 0.31% | 1.14% | 0.31% |
 CRSCarpenter Technology Corporation COM | 0.31% | 1.27% | 0.31% |
 ATIATI Inc COMMON STOCK | 0.30% | 1.29% | 0.30% |
 FTVFortive Corporation COM | 0.29% | 1.00% | 0.29% |
 RBCRBC Bearings Incorporated | 0.26% | 0.98% | 0.26% |
 WCCWesco International, Inc. COM | 0.24% | 0.95% | 0.24% |
 IEXIdex Corporation COM | 0.23% | 0.85% | 0.23% |
 STRLSterling Infrastructure Inc COM | 0.23% | 1.43% | 0.23% |
 JJacobs Solutions Inc. COM | 0.22% | 0.76% | 0.22% |
Frequently Asked Questions
How much do FIDU and PAVE overlap?
FIDU and PAVE overlap by 26.4% of portfolio weight. They share 68 holdings (FIDU holds 359 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FIDU and PAVE?
The two portfolios are 26.4% 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 FIDU and PAVE?
The largest positions held by both funds are ETN, UNP, DE, PH and TT. Together the top 10 shared positions account for 62% of the total overlap.
What does FIDU own that PAVE doesn't?
291 positions (73.4% of FIDU) are unique to FIDU, led by CAT, GE and GEV. In the other direction, 32 positions (26.7% of PAVE) are unique to PAVE.