PAVE vs PRF: Holdings Overlap
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Invesco · 1003 holdings · $10.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (PAVE: 2026-05-31, PRF: 2026-04-30). 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 PAVE and PRF?
Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100 positions; Invesco RAFI US 1000 ETF (PRF, by Invesco) holds 1003. They have 55 holdings in common, and by portfolio weight the two funds are 3.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 55PAVE holds 100 · PRF holds 1003
- Weight in Shared Holdings
- PAVE 80%·PRF 4%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
45 of 100 positions (19.7% of the fund) are not held by PRF. Showing the top 30 by weight.
Sector Breakdown
| Sector | PAVE | PRF |
|---|---|---|
| Industrials | 75.1% | 9.5% |
| Materials | 20.3% | 3.7% |
| Information Technology | 1.1% | 20.1% |
| Financials | 0.0% | 16.1% |
| Health Care | 0.0% | 11.7% |
| Other Sectors | 3.1% | 38.9% |
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% |
| PRF | +2.9% | +20.0% | +33.4% | +20.5% | +13.5% | +13.8% | 1.33% |
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 PRF →
Shared Holdings(55)
The top 10 shared positions account for 57% of the overlap, led by UNP, NUE and DE.
 UNPUnion Pacific Corporation COM | 3.12% | 0.33% | 0.33% |
|---|---|---|---|
 NUENucor Corporation COM | 3.10% | 0.29% | 0.29% |
 DEDeere & Company COM | 2.86% | 0.28% | 0.28% |
 CSXCSX Corporation COM | 3.48% | 0.22% | 0.22% |
 NSCNorfolk Southern Corporation COM | 2.90% | 0.17% | 0.17% |
 ETNEaton Corporation PLC COM USD0.01 | 3.30% | 0.16% | 0.16% |
 CRHCRH plc | 2.41% | 0.16% | 0.16% |
 EMREmerson Electric Co. COM | 2.64% | 0.15% | 0.15% |
 STLDSteel Dynamics, Inc. COM | 2.06% | 0.14% | 0.14% |
 SRESempra COM | 2.86% | 0.13% | 0.13% |
 PHParker-Hannifin Corp. COM | 2.48% | 0.09% | 0.09% |
 URIUnited Rentals, Inc. COM | 2.87% | 0.09% | 0.09% |
 RSReliance Inc COM | 1.08% | 0.09% | 0.09% |
 PWRQuanta Services, Inc. COM | 4.18% | 0.08% | 0.08% |
 AAAlcoa Corporation COM | 1.09% | 0.06% | 0.06% |
 WCCWesco International, Inc. COM | 0.95% | 0.06% | 0.06% |
 ROKRockwell Automation, Inc. COM | 2.92% | 0.05% | 0.05% |
 BLDRBuilders Firstsource, Inc. COM | 0.46% | 0.05% | 0.05% |
 FASTFastenal Co. COM | 2.71% | 0.05% | 0.05% |
 CLFCleveland-Cliffs Inc COM | 0.42% | 0.05% | 0.05% |
 EMEEmcor Group Inc COM | 2.01% | 0.05% | 0.05% |
 RRXRegal Rexnord Corporation COM | 0.73% | 0.04% | 0.04% |
 MLMMartin Marietta Materials Inc COM | 1.90% | 0.04% | 0.04% |
 JJacobs Solutions Inc. COM | 0.76% | 0.04% | 0.04% |
 VMCVulcan Materials Company COM | 2.03% | 0.04% | 0.04% |
Frequently Asked Questions
How much do PAVE and PRF overlap?
PAVE and PRF overlap by 3.6% of portfolio weight. They share 55 holdings (PAVE holds 100 positions and PRF holds 1003), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PAVE and PRF?
The two portfolios are 3.6% 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 PRF?
The largest positions held by both funds are UNP, NUE, DE, CSX and NSC. Together the top 10 shared positions account for 57% of the total overlap.
What does PAVE own that PRF doesn't?
45 positions (19.7% of PAVE) are unique to PAVE, led by AMRZ, STRL and ATI. In the other direction, 948 positions (96.4% of PRF) are unique to PRF.