PAVE vs VBK: Holdings Overlap
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
VBKVanguard Small-cap Growth Index Fund
Vanguard · 551 holdings · $24.3B · as of 2026-03-31
Holdings snapshots are 61 days apart (PAVE: 2026-05-31, VBK: 2026-03-31). 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 PAVE and VBK?
Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100 positions; Vanguard Small-cap Growth Index Fund (VBK, by Vanguard) holds 551. They have 31 holdings in common, and by portfolio weight the two funds are 8.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31PAVE holds 100 · VBK holds 551
- Weight in Shared Holdings
- PAVE 21%·VBK 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 PAVE
69 of 100 positions (79.1% of the fund) are not held by VBK. Showing the top 30 by weight.
Sector Breakdown
| Sector | PAVE | VBK |
|---|---|---|
| Industrials | 75.1% | 24.6% |
| Information Technology | 1.1% | 21.6% |
| Materials | 20.3% | 3.1% |
| Health Care | 0.0% | 16.1% |
| Consumer Discretionary | 0.0% | 9.9% |
| Other Sectors | 3.1% | 23.6% |
| Unclassified | 0.3% | 0.9% |
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. “Unclassified” is weight we could not classify (0% of PAVE, 1% of VBK).
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% |
| VBK | +1.8% | +19.6% | +29.4% | +16.6% | +5.3% | +11.4% | 0.42% |
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 VBK →
Shared Holdings(31)
The top 10 shared positions account for 64% of the overlap, led by WWD, MTZ and ATI.
 WWDWoodward Inc. COM | 1.14% | 0.71% | 0.71% |
|---|---|---|---|
 MTZMastec, Inc. COM | 1.62% | 0.68% | 0.68% |
 ATIATI Inc COMMON STOCK | 1.29% | 0.66% | 0.66% |
 CRSCarpenter Technology Corporation COM | 1.27% | 0.62% | 0.62% |
 RBCRBC Bearings Incorporated | 0.98% | 0.57% | 0.57% |
 EMEEmcor Group Inc COM | 2.01% | 0.55% | 0.55% |
 GGGGraco Inc COM | 0.68% | 0.47% | 0.47% |
 LECOLincoln Electric Holdings Inc. COM | 0.77% | 0.46% | 0.46% |
 STRLSterling Infrastructure Inc COM | 1.43% | 0.40% | 0.40% |
 WMSAdvanced Drainage System Inc COM | 0.59% | 0.36% | 0.36% |
 SPXCSPX Technologies, Inc. COM | 0.58% | 0.33% | 0.33% |
 28TTopbuild Corporation COM | 0.64% | 0.33% | 0.33% |
 DYDycom Industries, Inc. COM | 0.80% | 0.32% | 0.32% |
 HUBBHubbell Incorporated COM | 1.36% | 0.22% | 0.22% |
 EXPEagle Materials Inc. COM | 0.38% | 0.20% | 0.20% |
 ROADConstruction Partners, Inc., Class A | 0.30% | 0.16% | 0.16% |
 BMIBadger Meter Inc COM | 0.20% | 0.15% | 0.15% |
 MWAMueller Water Products, Inc. COM SER A | 0.26% | 0.14% | 0.14% |
 CSWCSW Industrials Inc. COM | 0.25% | 0.14% | 0.14% |
 AGXArgan Inc COM | 0.50% | 0.12% | 0.12% |
 CENXCentury Aluminum Company COM | 0.38% | 0.12% | 0.12% |
 HRIHerc Holdings Inc COM | 0.24% | 0.11% | 0.11% |
 EXPOExponent Inc COM | 0.21% | 0.11% | 0.11% |
 ECGEverus Construction Group Inc. COM | 0.45% | 0.10% | 0.10% |
 CTRICenturi Holdings Inc. COM SHS | 0.30% | 0.10% | 0.10% |
Frequently Asked Questions
How much do PAVE and VBK overlap?
PAVE and VBK overlap by 8.6% of portfolio weight. They share 31 holdings (PAVE holds 100 positions and VBK holds 551), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PAVE and VBK?
The two portfolios are 8.6% 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 PAVE and VBK?
The largest positions held by both funds are WWD, MTZ, ATI, CRS and RBC. Together the top 10 shared positions account for 64% of the total overlap.
What does PAVE own that VBK doesn't?
69 positions (79.1% of PAVE) are unique to PAVE, led by PWR, CSX and ETN. In the other direction, 520 positions (91.1% of VBK) are unique to VBK.