MDYV vs PAVE: Holdings Overlap
MDYVState Street® SPDR® S&P 400™ Mid Cap Value ETF
State Street (SPDR) · 297 holdings · $2.9B · as of 2026-08-06
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Holdings snapshots are 67 days apart (MDYV: 2026-08-06, 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 MDYV and PAVE?
State Street® SPDR® S&P 400™ Mid Cap Value ETF (MDYV, by State Street (SPDR)) holds 297 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 22 holdings in common, and by portfolio weight the two funds are 8.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22MDYV holds 297 · PAVE holds 100
- Weight in Shared Holdings
- MDYV 9%·PAVE 13%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 MDYV
275 of 297 positions (91.0% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
78 of 100 positions (86.7% of the fund) are not held by MDYV. Showing the top 30 by weight.
Sector Breakdown
| Sector | MDYV | PAVE |
|---|---|---|
| Industrials | 18.7% | 75.1% |
| Financials | 23.4% | 0.0% |
| Materials | 7.9% | 20.3% |
| Consumer Discretionary | 12.5% | 0.0% |
| Information Technology | 8.3% | 1.1% |
| Other Sectors | 29.1% | 3.1% |
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 |
|---|---|---|---|---|---|---|---|
| MDYV | +3.1% | +15.2% | +23.9% | +12.9% | +9.2% | +10.6% | 1.64% |
| 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 MDYV vs PAVE →
Shared Holdings(22)
The top 10 shared positions account for 70% of the overlap, led by RS, WCC and AA.
 RSReliance Inc COM | 1.21% | 1.08% | 1.08% |
|---|---|---|---|
 WCCWesco International, Inc. COM | 1.03% | 0.95% | 0.95% |
 AAAlcoa Corporation COM | 0.71% | 1.09% | 0.71% |
 RRXRegal Rexnord Corporation COM | 0.68% | 0.73% | 0.68% |
 CSLCarlisle Companies Incorporated | 0.50% | 0.78% | 0.50% |
 RPMRPM International Inc. COM | 0.49% | 0.74% | 0.49% |
 CMCCommercial Metals Company COM | 0.46% | 0.46% | 0.46% |
 CLFCleveland-Cliffs Inc COM | 0.40% | 0.42% | 0.40% |
 GGGGraco Inc COM | 0.38% | 0.68% | 0.38% |
 ACMAECOM COMMON STOCK | 0.31% | 0.49% | 0.31% |
 CRCrane Co. COMMON STOCK | 0.30% | 0.57% | 0.30% |
 LECOLincoln Electric Holdings Inc. COM | 0.28% | 0.77% | 0.28% |
 LPXLouisiana Pacific Corporation COM | 0.27% | 0.29% | 0.27% |
 WMSAdvanced Drainage System Inc COM | 0.27% | 0.59% | 0.27% |
 TEXTerex Corporation COM | 0.42% | 0.26% | 0.26% |
 MLIMueller Industries Inc. COM | 0.24% | 0.77% | 0.24% |
 VMIValmont Industries, Inc. COM | 0.22% | 0.55% | 0.22% |
 AYIAcuity Inc. COM | 0.20% | 0.51% | 0.20% |
 EXPEagle Materials Inc. COM | 0.18% | 0.38% | 0.18% |
 WLKWestlake Corporation COMMON STOCK | 0.15% | 0.60% | 0.15% |
 KNFKnife River Corp. COMMON STOCK | 0.13% | 0.28% | 0.13% |
 EXPOExponent Inc COM | 0.09% | 0.21% | 0.09% |
Frequently Asked Questions
How much do MDYV and PAVE overlap?
MDYV and PAVE overlap by 8.5% of portfolio weight. They share 22 holdings (MDYV holds 297 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MDYV and PAVE?
The two portfolios are 8.5% 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 MDYV and PAVE?
The largest positions held by both funds are RS, WCC, AA, RRX and CSL. Together the top 10 shared positions account for 70% of the total overlap.
What does MDYV own that PAVE doesn't?
275 positions (91.0% of MDYV) are unique to MDYV, led by USFD, SNX and PFGC. In the other direction, 78 positions (86.7% of PAVE) are unique to PAVE.