MTUM vs PAVE: Holdings Overlap
MTUMiShares MSCI USA Momentum Factor ETF
iShares · 125 holdings · $26.3B · 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 (MTUM: 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 MTUM and PAVE?
iShares MSCI USA Momentum Factor ETF (MTUM, by iShares) holds 125 positions; Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100. They have 5 holdings in common, and by portfolio weight the two funds are 1.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5MTUM holds 125 · PAVE holds 100
- Weight in Shared Holdings
- MTUM 2%·PAVE 14%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 MTUM
120 of 125 positions (98.2% of the fund) are not held by PAVE. Showing the top 30 by weight.
Only in PAVE
95 of 100 positions (85.5% of the fund) are not held by MTUM. Showing the top 30 by weight.
Sector Breakdown
| Sector | MTUM | PAVE |
|---|---|---|
| Industrials | 15.6% | 75.1% |
| Information Technology | 44.3% | 1.1% |
| Materials | 1.7% | 20.3% |
| Financials | 10.3% | 0.0% |
| Communication Services | 7.4% | 0.0% |
| Other Sectors | 20.6% | 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 |
|---|---|---|---|---|---|---|---|
| MTUM | -1.0% | +23.8% | +27.7% | +29.4% | +12.8% | +16.1% | 0.60% |
| 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 MTUM vs PAVE →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by HWM, PWR and ROK.
Frequently Asked Questions
How much do MTUM and PAVE overlap?
MTUM and PAVE overlap by 1.7% of portfolio weight. They share 5 holdings (MTUM holds 125 positions and PAVE holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both MTUM and PAVE?
The two portfolios are 1.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of MTUM and PAVE?
The largest positions held by both funds are HWM, PWR, ROK, EME and STLD. Together the top 5 shared positions account for 100% of the total overlap.
What does MTUM own that PAVE doesn't?
120 positions (98.2% of MTUM) are unique to MTUM, led by MU, AVGO and NVDA. In the other direction, 95 positions (85.5% of PAVE) are unique to PAVE.