FNDA vs PAVE: Holdings Overlap
FNDASchwab Fundamental U.S. Small Company ETF
Schwab · 930 holdings · $9.4B · as of 2026-05-31
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
How similar are FNDA and PAVE?
Schwab Fundamental U.S. Small Company ETF (FNDA, by Schwab) holds 930 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 43 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 43FNDA holds 930 · PAVE holds 100
- Weight in Shared Holdings
- FNDA 6%·PAVE 19%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 FNDA
887 of 930 positions (94.0% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
57 of 100 positions (81.0% of the fund) are not held by FNDA. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNDA | PAVE |
|---|---|---|
| Industrials | 20.0% | 75.1% |
| Materials | 5.1% | 20.3% |
| Financials | 15.3% | 0.0% |
| Information Technology | 15.0% | 1.1% |
| Consumer Discretionary | 12.1% | 0.0% |
| Other Sectors | 31.5% | 3.1% |
| Unclassified | 0.8% | 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 (1% of FNDA, 0% of PAVE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNDA | +2.5% | +21.8% | +32.0% | +14.5% | +9.0% | +11.0% | 1.09% |
| 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 FNDA vs PAVE →
Shared Holdings(43)
The top 10 shared positions account for 43% of the overlap, led by DY, ATI and VMI.
 DYDycom Industries, Inc. COM | 0.31% | 0.80% | 0.31% |
|---|---|---|---|
 ATIATI Inc COMMON STOCK | 0.29% | 1.29% | 0.29% |
 VMIValmont Industries, Inc. COM | 0.28% | 0.55% | 0.28% |
 WWDWoodward Inc. COM | 0.27% | 1.14% | 0.27% |
 RYZRyerson Holding Corporation COM | 0.26% | 0.26% | 0.26% |
 TEXTerex Corporation COM | 0.31% | 0.26% | 0.26% |
 MYRGMYR Group, Inc. | 0.23% | 0.51% | 0.23% |
 ECGEverus Construction Group Inc. COM | 0.20% | 0.45% | 0.20% |
 STRLSterling Infrastructure Inc COM | 0.19% | 1.43% | 0.19% |
 CRSCarpenter Technology Corporation COM | 0.18% | 1.27% | 0.18% |
 HRIHerc Holdings Inc COM | 0.17% | 0.24% | 0.17% |
 ACAArcosa Inc COM | 0.17% | 0.34% | 0.17% |
 GVAGranite Construction Inc COM | 0.16% | 0.32% | 0.16% |
 PRIMPrimoris Services Corp. COM | 0.16% | 0.37% | 0.16% |
 WMSAdvanced Drainage System Inc COM | 0.16% | 0.59% | 0.16% |
 MTRNMaterion Corp COM | 0.15% | 0.41% | 0.15% |
 TRNTrinity Industries, Inc. COM | 0.14% | 0.32% | 0.14% |
 MTXMinerals Technologies Inc. COM | 0.14% | 0.31% | 0.14% |
 MDUMDU Resources Group, Inc. COM | 0.14% | 0.28% | 0.14% |
 TTEKTetra Tech Inc COM | 0.13% | 0.39% | 0.13% |
 CRCrane Co. COMMON STOCK | 0.13% | 0.57% | 0.13% |
 KNFKnife River Corp. COMMON STOCK | 0.13% | 0.28% | 0.13% |
 DNOWDNOW Inc. COM | 0.13% | 0.24% | 0.13% |
 TPCTutor Perini Corporation COM | 0.12% | 0.26% | 0.12% |
 RBCRBC Bearings Incorporated | 0.12% | 0.98% | 0.12% |
Frequently Asked Questions
How much do FNDA and PAVE overlap?
FNDA and PAVE overlap by 5.7% of portfolio weight. They share 43 holdings (FNDA holds 930 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNDA and PAVE?
The two portfolios are 5.7% 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 FNDA and PAVE?
The largest positions held by both funds are DY, ATI, VMI, WWD and RYZ. Together the top 10 shared positions account for 43% of the total overlap.
What does FNDA own that PAVE doesn't?
887 positions (94.0% of FNDA) are unique to FNDA, led by LITE, VSAT and COHR. In the other direction, 57 positions (81.0% of PAVE) are unique to PAVE.