IFRA vs PAVE: Holdings Overlap
IFRAiShares U.S. Infrastructure ETF
iShares · 162 holdings · $4.6B · 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 (IFRA: 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 IFRA and PAVE?
iShares U.S. Infrastructure ETF (IFRA, by iShares) holds 162 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 53 holdings in common, and by portfolio weight the two funds are 37.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 53IFRA holds 162 · PAVE holds 100
- Weight in Shared Holdings
- IFRA 39%·PAVE 55%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 IFRA
109 of 162 positions (60.6% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
47 of 100 positions (44.6% of the fund) are not held by IFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IFRA | PAVE |
|---|---|---|
| Industrials | 35.2% | 75.1% |
| Utilities | 41.4% | 3.1% |
| Materials | 13.6% | 20.3% |
| Energy | 8.5% | 0.0% |
| Information Technology | 0.0% | 1.1% |
| Other Sectors | 0.3% | 0.0% |
| Unclassified | 0.9% | 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 IFRA, 0% of PAVE).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IFRA | -1.1% | +17.1% | +22.3% | +17.8% | +13.3% | — | 1.59% |
| 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 IFRA vs PAVE →
Shared Holdings(53)
The top 10 shared positions account for 61% of the overlap, led by PWR, CSX and UNP.
 PWRQuanta Services, Inc. COM | 3.41% | 4.18% | 3.41% |
|---|---|---|---|
 CSXCSX Corporation COM | 3.20% | 3.48% | 3.20% |
 UNPUnion Pacific Corporation COM | 3.85% | 3.12% | 3.12% |
 NSCNorfolk Southern Corporation COM | 2.71% | 2.90% | 2.71% |
 CRHCRH plc | 2.94% | 2.41% | 2.41% |
 URIUnited Rentals, Inc. COM | 1.92% | 2.87% | 1.92% |
 SRESempra COM | 1.72% | 2.86% | 1.72% |
 NUENucor Corporation COM | 1.61% | 3.10% | 1.61% |
 VMCVulcan Materials Company COM | 1.49% | 2.03% | 1.49% |
 MLMMartin Marietta Materials Inc COM | 1.48% | 1.90% | 1.48% |
 EMEEmcor Group Inc COM | 1.36% | 2.01% | 1.36% |
 AMRZAmrize Ltd. | 1.16% | 1.63% | 1.16% |
 STLDSteel Dynamics, Inc. COM | 1.02% | 2.06% | 1.02% |
 ATIATI Inc COMMON STOCK | 0.83% | 1.29% | 0.83% |
 MTZMastec, Inc. COM | 0.81% | 1.62% | 0.81% |
 CRSCarpenter Technology Corporation COM | 0.80% | 1.27% | 0.80% |
 RSReliance Inc COM | 0.66% | 1.08% | 0.66% |
 JJacobs Solutions Inc. COM | 0.62% | 0.76% | 0.62% |
 CSLCarlisle Companies Incorporated | 0.57% | 0.78% | 0.57% |
 STRLSterling Infrastructure Inc COM | 0.51% | 1.43% | 0.51% |
 MLIMueller Industries Inc. COM | 0.51% | 0.77% | 0.51% |
 ACMAECOM COMMON STOCK | 0.46% | 0.49% | 0.46% |
 WMSAdvanced Drainage System Inc COM | 0.42% | 0.59% | 0.42% |
 BLDRBuilders Firstsource, Inc. COM | 0.37% | 0.46% | 0.37% |
 TTEKTetra Tech Inc COM | 0.33% | 0.39% | 0.33% |
Frequently Asked Questions
How much do IFRA and PAVE overlap?
IFRA and PAVE overlap by 37.9% of portfolio weight. They share 53 holdings (IFRA holds 162 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IFRA and PAVE?
The two portfolios are 37.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IFRA and PAVE?
The largest positions held by both funds are PWR, CSX, UNP, NSC and CRH. Together the top 10 shared positions account for 61% of the total overlap.
What does IFRA own that PAVE doesn't?
109 positions (60.6% of IFRA) are unique to IFRA, led by CAT, NEE and SO. In the other direction, 47 positions (44.6% of PAVE) are unique to PAVE.