FV vs PAVE: Holdings Overlap
FVFirst Trust Dorsey Wright Focus 5 ETF
First Trust · 5 holdings · $3.8B · as of 2026-03-31
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Holdings snapshots are 61 days apart (FV: 2026-03-31, 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 FV and PAVE?
First Trust Dorsey Wright Focus 5 ETF (FV, by First Trust) holds 5 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0FV holds 5 · PAVE holds 100
- Weight in Shared Holdings
- FV 0%·PAVE 0%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 FV
5 of 5 positions (100.0% of the fund) are not held by PAVE.
- First Trust NYSE Arca Biotechnology Index Fund20.99%
- First Trust Energy AlphaDEX Fund20.08%
- First Trust Nasdaq Transportation ETF19.99%
- First Trust Indxx Aerospace & Defense ETF19.61%
- First Trust Nasdaq Semiconductor ETF19.33%
Only in PAVE
100 of 100 positions (99.9% of the fund) are not held by FV. Showing the top 30 by weight.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FV | +1.2% | +15.6% | +20.8% | +15.3% | +9.5% | +12.8% | 0.50% |
| 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 FV vs PAVE →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do FV and PAVE overlap?
FV and PAVE overlap by 0.0% of portfolio weight. They share 0 holdings (FV holds 5 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FV and PAVE?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does FV own that PAVE doesn't?
5 positions (100.0% of FV) are unique to FV, led by First Trust NYSE Arca Biotechnology Index Fund, First Trust Energy AlphaDEX Fund and First Trust Nasdaq Transportation ETF. In the other direction, 100 positions (99.9% of PAVE) are unique to PAVE.