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ETF comparison

PAVE vs XAR

Both Industrials.

Global X U.S. Infrastructure Development ETF · State Street SPDR S&P Aerospace & Defense ETF

Holdings overlap

Weighted by ISIN/CUSIP
6.9 %

4 positions appear in both funds. Buying equal dollars of PAVE and XAR would leave roughly 6.9% of each dollar exposed to the same underlying securities.

PAVE unmatched 93.0% Shared 6.9% XAR unmatched 93.0%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In PAVE only
96 positions
Shared
4 positions
In XAR only
44 positions

Side by side

PAVE

Global X U.S. Infrastructure Development ETF

Global X · Industrials

73 composite / 100
Expense ratio
0.47%
Net assets
$13.87B
TTM yield
0.81%
Top-10 conc.
31.7%
XAR

State Street SPDR S&P Aerospace & Defense ETF

State Street · Industrials

76 composite / 100
Expense ratio
0.35%
Net assets
$5.14B
TTM yield
0.18%
Top-10 conc.
30.4%

Sub-score comparison

53
Cost
65
84
Tax efficiency
85
100
Liquidity
87
69
Concentration
71
—
Tracking quality
—
PAVE sub-score XAR

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

XAR is 12 bps cheaper than PAVE. On a $100,000 position that's about $120/yr more in fees for PAVE.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with PAVE vs XAR.

Top shared holdings

4 shared in total
# Holding In PAVE In XAR Overlap
1 HOWMET AEROSPACE INC. 2.69% 2.77% 2.69%
2 ATI INC 1.64% 2.77% 1.64%
3 CARPENTER TECHNOLOGY CORPORATION 1.40% 3.04% 1.40%
4 WOODWARD, INC. 1.19% 2.98% 1.19%

Only in PAVE

96 total
  • DEERE & COMPANY 3.38%
  • FASTENAL COMPANY 3.36%
  • EMERSON ELECTRIC CO. 3.32%
  • NUCOR CORPORATION 3.26%
  • PARKER-HANNIFIN CORPORATION 3.13%
  • UNION PACIFIC CORPORATION 3.11%
  • NORFOLK SOUTHERN CORPORATION 3.09%
  • EATON CORPORATION PUBLIC LIMITED COMPANY 3.05%
  • CRH PUBLIC LIMITED COMPANY 3.03%
  • CSX Corporation 3.01%

Only in XAR

44 total
  • VSE Corp 3.40%
  • Axon Enterprise Inc 3.22%
  • StandardAero Inc 3.11%
  • FTAI Aviation Ltd 3.08%
  • General Electric Co 3.02%
  • HEICO Corp 2.86%
  • Moog Inc 2.86%
  • TransDigm Group Inc 2.83%
  • Hexcel Corp 2.81%
  • Karman Holdings Inc 2.80%

Percentages are holdings overlap with the named fund.

Open PAVE or XAR at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.