PAVE vs VOO: Holdings Overlap
PAVEGlobal X U.S. Infrastructure Development ETF
Global X · 100 holdings · $14.1B · as of 2026-05-31
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
Holdings snapshots are 61 days apart (PAVE: 2026-05-31, VOO: 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 VOO?
Global X U.S. Infrastructure Development ETF (PAVE, by Global X) holds 100 positions; Vanguard 500 Index Fund (VOO, by Vanguard) holds 504. They have 27 holdings in common, and by portfolio weight the two funds are 2.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27PAVE holds 100 · VOO holds 504
- Weight in Shared Holdings
- PAVE 62%·VOO 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
73 of 100 positions (37.9% of the fund) are not held by VOO. Showing the top 30 by weight.
Sector Breakdown
| Sector | PAVE | VOO |
|---|---|---|
| Industrials | 75.1% | 9.0% |
| Information Technology | 1.1% | 32.7% |
| Materials | 20.3% | 2.1% |
| Financials | 0.0% | 12.4% |
| Communication Services | 0.0% | 10.5% |
| Other Sectors | 3.1% | 33.1% |
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 |
|---|---|---|---|---|---|---|---|
| PAVE | +4.0% | +23.0% | +29.9% | +22.7% | +18.1% | — | 0.73% |
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
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 VOO →
Shared Holdings(27)
The top 10 shared positions account for 65% of the overlap, led by UNP, DE and ETN.
 UNPUnion Pacific Corporation COM | 3.12% | 0.26% | 0.26% |
|---|---|---|---|
 DEDeere & Company COM | 2.86% | 0.25% | 0.25% |
 ETNEaton Corporation PLC COM USD0.01 | 3.30% | 0.25% | 0.25% |
 PHParker-Hannifin Corp. COM | 2.48% | 0.20% | 0.20% |
 HWMHowmet Aerospace Inc COM | 3.27% | 0.17% | 0.17% |
 TTTrane Technologies PLC COM USD1 | 3.19% | 0.16% | 0.16% |
 PWRQuanta Services, Inc. COM | 4.18% | 0.15% | 0.15% |
 CSXCSX Corporation COM | 3.48% | 0.14% | 0.14% |
 EMREmerson Electric Co. COM | 2.64% | 0.13% | 0.13% |
 CRHCRH plc | 2.41% | 0.13% | 0.13% |
 NSCNorfolk Southern Corporation COM | 2.90% | 0.12% | 0.12% |
 SRESempra COM | 2.86% | 0.11% | 0.11% |
 FASTFastenal Co. COM | 2.71% | 0.10% | 0.10% |
 URIUnited Rentals, Inc. COM | 2.87% | 0.08% | 0.08% |
 ROKRockwell Automation, Inc. COM | 2.92% | 0.07% | 0.07% |
 NUENucor Corporation COM | 3.10% | 0.07% | 0.07% |
 VMCVulcan Materials Company COM | 2.03% | 0.06% | 0.06% |
 MLMMartin Marietta Materials Inc COM | 1.90% | 0.06% | 0.06% |
 EMEEmcor Group Inc COM | 2.01% | 0.06% | 0.06% |
 HUBBHubbell Incorporated COM | 1.36% | 0.05% | 0.05% |
 STLDSteel Dynamics, Inc. COM | 2.06% | 0.04% | 0.04% |
 FTVFortive Corporation COM | 1.00% | 0.03% | 0.03% |
 TRMBTrimble Inc COM | 0.72% | 0.03% | 0.03% |
 JJacobs Solutions Inc. COM | 0.76% | 0.03% | 0.03% |
 PNRPentair PLC COM USD0.01 | 0.63% | 0.03% | 0.03% |
Frequently Asked Questions
How much do PAVE and VOO overlap?
PAVE and VOO overlap by 2.8% of portfolio weight. They share 27 holdings (PAVE holds 100 positions and VOO holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PAVE and VOO?
The two portfolios are 2.8% 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 VOO?
The largest positions held by both funds are UNP, DE, ETN, PH and HWM. Together the top 10 shared positions account for 65% of the total overlap.
What does PAVE own that VOO doesn't?
73 positions (37.9% of PAVE) are unique to PAVE, led by AMRZ, MTZ and STRL. In the other direction, 477 positions (97.0% of VOO) are unique to VOO.