PAVE vs PICK overlap - what they share and where they differ
PAVE and PICK share 8.8% of their weight across 10 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.
PAVE and PICK
8.8%
10 shared positions
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
PICK
iShares MSCI Global Metals & Mining Producers ETF
Reported positions cover 99% of the fund, 230 positions · May 31, 2026
Top 10: 48.9%·Holdings of PICK
Reported positions cover PAVE 100%, PICK 99% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
PICK vs PAVE side by side
PAVEGlobal X U.S. Infrastructure Development ETF
100
stock positions reported to the SEC
90.4% of its weight is in 90 names PICK does not hold
PICKiShares MSCI Global Metals & Mining Producers ETF
230
stock positions reported to the SEC
89.9% of its weight is in 220 names PAVE does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Industrials: PAVE has 29.6 points more of it.
The figures side by side
| PAVE | PICK | |
|---|---|---|
| Filing date | May 31, 2026 | May 31, 2026 |
| Stock positions reported | 100 | 230 |
| Weight of the ten largest | 32.3% | 48.9% |
| Largest position | PWR 4.2% | BHP 13.0% |
| Held alone | 90 positions, 90.4% | 220 positions, 89.9% |
| Covered by stock positions | 100% | 99% |
Holdings they share
| Stock | In PAVE | In PICK | Counted |
|---|---|---|---|
| NUENUCOR CORPORATION | 3.10% | 3.30% | 3.10% |
| STLDSTEEL DYNAMICS, INC. | 2.06% | 2.08% | 2.06% |
| AAALCOA CORPORATION | 1.09% | 1.16% | 1.09% |
| RSRELIANCE, INC. | 1.08% | 1.15% | 1.08% |
| CMCCOMMERCIAL METALS COMPANY | 0.46% | 0.49% | 0.46% |
| CLFCLEVELAND-CLIFFS INC. | 0.42% | 0.44% | 0.42% |
| MTRNMATERION CORPORATION | 0.41% | 0.26% | 0.26% |
| CENXCENTURY ALUMINUM COMPANY | 0.38% | 0.21% | 0.21% |
| RYZRYERSON HOLDING CORPORATION | 0.26% | 0.08% | 0.08% |
| MTUSMETALLUS INC. | 0.27% | 0.04% | 0.04% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in PAVE
Only in PICK
Questions people ask
Is PAVE the same as PICK?
8.8% of their weight sits in the same 10 holdings. PAVE also reports PWR, CSX, EATON CORPORATION PUBLIC LIMITED COMPANY, which the other does not. PICK also reports BHP, RIO, FCX, which the other does not.
How is the overlap between PAVE and PICK 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 PAVE and 99% of PICK, so the number cannot exceed the smaller coverage.
Which holds more, PICK or PAVE?
PAVE reports 100 stock positions and PICK reports 230. 90.4% of PAVE's weight sits in names PICK does not hold, and 89.9% of PICK's weight in names PAVE does not hold. The ten largest positions are 32.3% of PAVE and 48.9% of PICK.
How do PAVE and PICK differ by sector?
The widest gap is Industrials: PAVE has 29.6 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.