IFRAvsPAVEETF Comparison
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iShares U.S. Infrastructure ETF (IFRA) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. IFRA's top 3 sector exposures are Utilities, Industrials and Non-Energy Materials. In contrast, PAVE's top sector exposures are Industrials, Non-Energy Materials and Utilities. IFRA is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.47% for PAVE. IFRA is up 17.57% year-to-date (YTD) with +$824M in YTD flows. PAVE performs better with 18.08% YTD performance, and +$2.11B in YTD flows. Run a side-by-side ETF comparison of IFRA and PAVE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IFRA vs PAVE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IFRA PAVE | -0.24%-2.70% | +3.13%+2.46% | +17.57%+18.08% | +23.74%+25.11% | +64.20%+80.44% | +98.98%+136.72% |
| Flows | IFRA PAVE | +$349M+$312M | +$719M+$1.03B | +$824M+$2.11B | +$1.18B+$2.63B | +$1.39B+$4.28B | +$2.51B+$4.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IFRA PAVE | +17.63%+22.48% | +15.16%+20.11% | +16.53%+20.72% | +17.91%+22.04% |
| Max drawdown | IFRA PAVE | -4.80%-7.81% | -8.41%-11.91% | -19.89%-26.27% | -19.89%-26.27% |
| Max drawdown duration | IFRA PAVE | 43d40d | 51d59d | 238d239d | 238d239d |
Trading data
IFRA | PAVE | |
Last sale 7/17/2026 at 1:30 PM | $61.41 | $56.30 |
| Previous close 07/16/2026 | $61.85 | $56.78 |
| Consolidated volume 07/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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IFRA | PAVE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/17/2026 at 1:30 PM
Live
Closed
IFRA | PAVE | |
|---|---|---|
| Last price | $61.41 | $56.30 |
| 1D performance | -0.71% | -0.85% |
| AuM | $4.55 B | $13.91 B |
| E/R | 0.3% | 0.47% |
Characteristics
IFRA | PAVE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Global X |
| Benchmark | NYSE FactSet U.S. Infrastructure Index | Indxx U.S. Infrastructure Development Index |
| N° of holdings | 162 | 100 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 3, 2018 | March 6, 2017 |
| ESG | No | No |
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Exposure
Countries
IFRA
USA
95.71%
Other
4.29%
PAVE
USA
92.56%
Other
7.44%
Sectors
IFRA
Utilities
37.78%
Industrials
33.84%
Non-Energy Materi.
20.4%
Energy
7.77%
Other
0.21%
PAVE
Industrials
67.23%
Non-Energy Materi.
28.04%
Other
4.73%
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Diversification
IFRA
Total weight of top 15 holdings out of 15
44.21%
PAVE
Total weight of top 15 holdings out of 15
45.86%
Top 15 holdings
Data as of May 31, 2026
IFRA
Caterpillar, Inc.
4.89%
Quanta Services, Inc.
4.17%
Union Pacific Corp.
3.93%
NextEra Energy, Inc.
3.63%
CSX Corp.
3.32%
CRH Plc
2.87%
Norfolk Southern Corp.
2.71%
The Southern Co.
2.62%
Comfort Systems USA, Inc.
2.51%
United Rentals, Inc.
2.47%
Constellation Energy Corp.
2.46%
Duke Energy Corp.
2.43%
Nucor Corp.
2.24%
The Williams Cos., Inc.
2.21%
TC Energy Corp.
1.76%
PAVE
Quanta Services, Inc.
4.18%
CSX Corp.
3.48%
Eaton Corp. Plc
3.30%
Howmet Aerospace, Inc.
3.27%
Trane Technologies Plc
3.19%
Union Pacific Corp.
3.12%
Nucor Corp.
3.10%
Rockwell Automation, Inc.
2.92%
Norfolk Southern Corp.
2.90%
United Rentals, Inc.
2.87%
Deere & Co.
2.86%
Sempra
2.86%
Fastenal Co.
2.71%
Emerson Electric Co.
2.64%
Parker-Hannifin Corp.
2.48%
Frequently asked questions about IFRA and PAVE
How have the IFRA and PAVE ETFs performed in 2026?
As of July 17, 2026, IFRA is up 17.57% year-to-date (YTD), while PAVE has returned 18.08%. That puts PAVE better performer ahead so far this year.
Which ETF is attracting more investor money: IFRA or PAVE?
Year-to-date, the IFRA ETF saw +$824M in flows, compared to +$2.11B for PAVE.
Which ETF is more volatile: IFRA or PAVE?
Over the past year, IFRA had a volatility of 15.16%, while PAVE experienced 20.11%.
Which ETF is bigger: IFRA or PAVE?
As of July 17, 2026, IFRA holds $4.55 B in assets under management (AUM), while PAVE manages $13.91 B.
What sectors do the IFRA and PAVE ETFs invest in?
IFRA leans toward sectors like Utilities, Industrials and Non-Energy Materials. Meanwhile, PAVE focuses on Industrials and Non-Energy Materials.
What are the top holdings of the IFRA ETF and PAVE ETF?
IFRA top holdings include Caterpillar, Inc., Quanta Services, Inc. and Union Pacific Corp.. PAVE holds in its top three: Quanta Services, Inc., CSX Corp. and Eaton Corp. Plc.
Which ETF is more diversified: IFRA or PAVE?
IFRA holds 162 securities with 44.21% of its assets in the top 15. PAVE has 100 securities and a top 15 weight of 45.86%.
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Latest news about IFRA & PAVE
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