PAVE vs XLI overlap - what they share and where they differ
PAVE and XLI share 25.7% of their weight across 19 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 XLI
25.7%
19 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
XLI
State Street(R) Industrial Select Sector SPDR(R) ETF
Reported positions cover 100% of the fund, 81 positions · Jun 30, 2026
Top 10: 41.4%·Holdings of XLI
Reported positions cover PAVE 100%, XLI 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
XLI vs PAVE side by side
PAVEGlobal X U.S. Infrastructure Development ETF
100
stock positions reported to the SEC
53.6% of its weight is in 81 names XLI does not hold
XLIState Street(R) Industrial Select Sector SPDR(R) ETF
81
stock positions reported to the SEC
74.3% of its weight is in 62 names PAVE does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Basic Materials: PAVE has 26.6 points more of it.
The figures side by side
| PAVE | XLI | |
|---|---|---|
| Filing date | May 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 100 | 81 |
| Weight of the ten largest | 32.3% | 41.4% |
| Largest position | PWR 4.2% | CAT 8.5% |
| Held alone | 81 positions, 53.6% | 62 positions, 74.3% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In PAVE | In XLI | Counted |
|---|---|---|---|
| ETNEATON CORPORATION PUBLIC LIMITED COMPANY | 3.30% | 2.87% | 2.87% |
| UNPUNION PACIFIC CORPORATION | 3.12% | 2.80% | 2.80% |
| DEDEERE & COMPANY | 2.86% | 2.77% | 2.77% |
| PHPARKER-HANNIFIN CORPORATION | 2.48% | 2.14% | 2.14% |
| PWRQUANTA SERVICES, INC. | 4.18% | 1.88% | 1.88% |
| TTTRANE TECHNOLOGIES PLC | 3.19% | 1.88% | 1.88% |
| HWMHOWMET AEROSPACE INC. | 3.27% | 1.87% | 1.87% |
| CSXCSX Corporation | 3.48% | 1.53% | 1.53% |
| EMREMERSON ELECTRIC CO. | 2.64% | 1.39% | 1.39% |
| NSCNORFOLK SOUTHERN CORPORATION | 2.90% | 1.23% | 1.23% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in PAVE
Only in XLI
Questions people ask
Is PAVE the same as XLI?
25.7% of their weight sits in the same 19 holdings. PAVE also reports NUE, SRE, CRH, which the other does not. XLI also reports CAT, GE, GEV, which the other does not.
How is the overlap between PAVE and XLI 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 100% of XLI, so the number cannot exceed the smaller coverage.
Which holds more, XLI or PAVE?
PAVE reports 100 stock positions and XLI reports 81. 53.6% of PAVE's weight sits in names XLI does not hold, and 74.3% of XLI's weight in names PAVE does not hold. The ten largest positions are 32.3% of PAVE and 41.4% of XLI.
How do PAVE and XLI differ by sector?
The widest gap is Basic Materials: PAVE has 26.6 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.