KNG vs PAVE: Holdings Overlap
KNGFT Vest S&P 500 Dividend Aristocrats Target Income ETF
First Trust · 69 holdings · $3.5B · 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 (KNG: 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 KNG and PAVE?
FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG, by First Trust) holds 69 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 4 holdings in common, and by portfolio weight the two funds are 5.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4KNG holds 69 · PAVE holds 100
- Weight in Shared Holdings
- KNG 6%·PAVE 9%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 KNG
65 of 69 positions (94.5% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
96 of 100 positions (90.9% of the fund) are not held by KNG. Showing the top 30 by weight.
Sector Breakdown
| Sector | KNG | PAVE |
|---|---|---|
| Industrials | 21.8% | 75.1% |
| Consumer Staples | 23.5% | 0.0% |
| Materials | 11.5% | 20.3% |
| Financials | 12.7% | 0.0% |
| Health Care | 10.2% | 0.0% |
| Other Sectors | 20.5% | 4.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KNG | +1.6% | +11.1% | +13.7% | +7.8% | +6.0% | — | 8.10% |
| 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 KNG vs PAVE →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NUE, FAST and EMR.
Frequently Asked Questions
How much do KNG and PAVE overlap?
KNG and PAVE overlap by 5.0% of portfolio weight. They share 4 holdings (KNG holds 69 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KNG and PAVE?
The two portfolios are 5.0% 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 KNG and PAVE?
The largest positions held by both funds are NUE, FAST, EMR and PNR. Together the top 4 shared positions account for 100% of the total overlap.
What does KNG own that PAVE doesn't?
65 positions (94.5% of KNG) are unique to KNG, led by CAT, BEN and WST. In the other direction, 96 positions (90.9% of PAVE) are unique to PAVE.