PAVE vs VIOV: Holdings Overlap
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
How similar are PAVE and VIOV?
Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100 positions; Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460. They have 14 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
- 14PAVE holds 100 · VIOV holds 460
- Weight in Shared Holdings
- PAVE 4%·VIOV 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
86 of 100 positions (95.9% of the fund) are not held by VIOV. Showing the top 30 by weight.
Sector Breakdown
| Sector | PAVE | VIOV |
|---|---|---|
| Industrials | 75.1% | 12.6% |
| Financials | 0.0% | 21.0% |
| Materials | 20.3% | 6.0% |
| Consumer Discretionary | 0.0% | 14.9% |
| Information Technology | 1.1% | 13.3% |
| Other Sectors | 3.1% | 31.7% |
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% |
| VIOV | +3.7% | +23.2% | +39.7% | +13.8% | +8.4% | +10.4% | 1.64% |
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 VIOV →
Shared Holdings(14)
The top 10 shared positions account for 87% of the overlap, led by TRN, MTX and MDU.
 TRNTrinity Industries, Inc. COM | 0.32% | 0.30% | 0.30% |
|---|---|---|---|
 MTXMinerals Technologies Inc. COM | 0.31% | 0.28% | 0.28% |
 MDUMDU Resources Group, Inc. COM | 0.28% | 0.50% | 0.28% |
 ACAArcosa Inc COM | 0.34% | 0.26% | 0.26% |
 DNOWDNOW Inc. COM | 0.24% | 0.28% | 0.24% |
 MTRNMaterion Corp COM | 0.41% | 0.24% | 0.24% |
 CSWCSW Industrials Inc. COM | 0.25% | 0.22% | 0.22% |
 GBXThe Greenbrier Companies, Inc. COM | 0.25% | 0.17% | 0.17% |
 MWAMueller Water Products, Inc. COM SER A | 0.26% | 0.16% | 0.16% |
 CENXCentury Aluminum Company COM | 0.38% | 0.16% | 0.16% |
 ROCKGibraltar Industries, Inc. COM | 0.21% | 0.13% | 0.13% |
 MTUSMetallus Inc. COM | 0.27% | 0.08% | 0.08% |
 ASTEAstec Industries Inc. COM | 0.28% | 0.07% | 0.07% |
 IIINInsteel Industries Inc. COM | 0.22% | 0.06% | 0.06% |
Frequently Asked Questions
How much do PAVE and VIOV overlap?
PAVE and VIOV overlap by 2.7% of portfolio weight. They share 14 holdings (PAVE holds 100 positions and VIOV holds 460), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PAVE and VIOV?
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 VIOV?
The largest positions held by both funds are TRN, MTX, MDU, ACA and DNOW. Together the top 10 shared positions account for 87% of the total overlap.
What does PAVE own that VIOV doesn't?
86 positions (95.9% of PAVE) are unique to PAVE, led by PWR, CSX and ETN. In the other direction, 446 positions (96.7% of VIOV) are unique to VIOV.