AIRR vs PAVE overlap - what they share and where they differ
AIRR and PAVE share 13.8% of their weight across 22 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
AIRR and PAVE
13.8%
22 shared positions
AIRR
First Trust RBA American Industrial Renaissance ETF
Reported positions cover 100% of the fund, 51 positions · Jun 30, 2026
Top 10: 41.3%·Holdings of AIRR
PAVE
Global X U.S. Infrastructure Development ETF
Reported positions cover 100% of the fund, 100 positions · May 31, 2026
Top 10: 32.3%·Holdings of PAVE
Reported positions cover AIRR 100%, PAVE 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
PAVE vs AIRR side by side
AIRRFirst Trust RBA American Industrial Renaissance ETF
51
stock positions reported to the SEC
55.9% of its weight is in 29 names PAVE does not hold
PAVEGlobal X U.S. Infrastructure Development ETF
100
stock positions reported to the SEC
86.2% of its weight is in 78 names AIRR does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: AIRR has 24.2 points more of it.
The figures side by side
| AIRR | PAVE | |
|---|---|---|
| Filing date | Jun 30, 2026 | May 31, 2026 |
| Stock positions reported | 51 | 100 |
| Weight of the ten largest | 41.3% | 32.3% |
| Largest position | STRL 6.0% | PWR 4.2% |
| Held alone | 29 positions, 55.9% | 78 positions, 86.2% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In AIRR | In PAVE | Counted |
|---|---|---|---|
| EMEEMCOR GROUP INC | 3.75% | 2.01% | 2.01% |
| MTZMASTEC INC | 4.18% | 1.62% | 1.62% |
| STRLSTERLING INFRASTRUCTURE INC | 6.00% | 1.43% | 1.43% |
| RBCRBC BEARINGS INC | 1.85% | 0.98% | 0.98% |
| DYDYCOM INDUSTRIES INC | 3.76% | 0.80% | 0.80% |
| MLIMUELLER INDUSTRIES INC | 1.37% | 0.77% | 0.77% |
| WMSADVANCED DRAINAGE SYSTEMS INC | 2.29% | 0.59% | 0.59% |
| SPXCSPX TECHNOLOGIES INC | 1.68% | 0.58% | 0.58% |
| POWLPOWELL INDUSTRIES INC | 2.48% | 0.56% | 0.56% |
| AGXARGAN INC | 4.73% | 0.50% | 0.50% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in AIRR
Only in PAVE
Questions people ask
Is AIRR the same as PAVE?
13.8% of their weight sits in the same 22 holdings. AIRR also reports FIX, CH ROBINSON WORLDWIDE INC, OC, which the other does not. PAVE also reports PWR, CSX, EATON CORPORATION PUBLIC LIMITED COMPANY, which the other does not.
How is the overlap between AIRR and PAVE measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of AIRR and 100% of PAVE, so the number cannot exceed the smaller coverage.
Which holds more, PAVE or AIRR?
AIRR reports 51 stock positions and PAVE reports 100. 55.9% of AIRR's weight sits in names PAVE does not hold, and 86.2% of PAVE's weight in names AIRR does not hold. The ten largest positions are 41.3% of AIRR and 32.3% of PAVE.
How do AIRR and PAVE differ by sector?
The widest gap is Industrials: AIRR has 24.2 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.