PAVE vs PBUS: Holdings Overlap
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Invesco · 537 holdings · $11.4B · as of 2026-05-31
How similar are PAVE and PBUS?
Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 33 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33PAVE holds 100 · PBUS holds 537
- Weight in Shared Holdings
- PAVE 67%·PBUS 3%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 PAVE
67 of 100 positions (32.5% of the fund) are not held by PBUS. Showing the top 30 by weight.
Sector Breakdown
| Sector | PAVE | PBUS |
|---|---|---|
| Industrials | 75.1% | 8.5% |
| Information Technology | 1.1% | 38.0% |
| Materials | 20.3% | 1.9% |
| Financials | 0.0% | 11.1% |
| Communication Services | 0.0% | 10.7% |
| Other Sectors | 3.1% | 29.4% |
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 |
|---|---|---|---|---|---|---|---|
| PAVE | +4.0% | +23.0% | +29.9% | +22.7% | +18.1% | — | 0.73% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 PAVE vs PBUS →
Shared Holdings(33)
The top 10 shared positions account for 61% of the overlap, led by UNP, ETN and DE.
 UNPUnion Pacific Corporation COM | 3.12% | 0.24% | 0.24% |
|---|---|---|---|
 ETNEaton Corporation PLC COM USD0.01 | 3.30% | 0.24% | 0.24% |
 DEDeere & Company COM | 2.86% | 0.21% | 0.21% |
 PHParker-Hannifin Corp. COM | 2.48% | 0.16% | 0.16% |
 PWRQuanta Services, Inc. COM | 4.18% | 0.16% | 0.16% |
 TTTrane Technologies PLC COM USD1 | 3.19% | 0.15% | 0.15% |
 HWMHowmet Aerospace Inc COM | 3.27% | 0.15% | 0.15% |
 CSXCSX Corporation COM | 3.48% | 0.13% | 0.13% |
 EMREmerson Electric Co. COM | 2.64% | 0.12% | 0.12% |
 CRHCRH plc | 2.41% | 0.11% | 0.11% |
 NSCNorfolk Southern Corporation COM | 2.90% | 0.10% | 0.10% |
 URIUnited Rentals, Inc. COM | 2.87% | 0.10% | 0.10% |
 SRESempra COM | 2.86% | 0.09% | 0.09% |
 NUENucor Corporation COM | 3.10% | 0.09% | 0.09% |
 FASTFastenal Co. COM | 2.71% | 0.08% | 0.08% |
 ROKRockwell Automation, Inc. COM | 2.92% | 0.08% | 0.08% |
 VMCVulcan Materials Company COM | 2.03% | 0.06% | 0.06% |
 EMEEmcor Group Inc COM | 2.01% | 0.06% | 0.06% |
 STLDSteel Dynamics, Inc. COM | 2.06% | 0.05% | 0.05% |
 MLMMartin Marietta Materials Inc COM | 1.90% | 0.05% | 0.05% |
 AMRZAmrize Ltd. | 1.63% | 0.04% | 0.04% |
 HUBBHubbell Incorporated COM | 1.36% | 0.04% | 0.04% |
 RSReliance Inc COM | 1.08% | 0.03% | 0.03% |
 FTVFortive Corporation COM | 1.00% | 0.03% | 0.03% |
 IEXIdex Corporation COM | 0.85% | 0.02% | 0.02% |
Frequently Asked Questions
How much do PAVE and PBUS overlap?
PAVE and PBUS overlap by 2.7% of portfolio weight. They share 33 holdings (PAVE holds 100 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PAVE and PBUS?
The two portfolios are 2.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of PAVE and PBUS?
The largest positions held by both funds are UNP, ETN, DE, PH and PWR. Together the top 10 shared positions account for 61% of the total overlap.
What does PAVE own that PBUS doesn't?
67 positions (32.5% of PAVE) are unique to PAVE, led by MTZ, STRL and ATI. In the other direction, 504 positions (96.9% of PBUS) are unique to PBUS.