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KWHvsPAVEETF Comparison

ETF 1

KWH

GMO Power Infrastructure ETF

This fund is part of

Infrastructure

-0.48%

Full KWH fund page

VS

ETF 2

PAVE

Global X U.S. Infrastructure Development ETF

This fund is part of

Infrastructure

-0.48%

Full PAVE fund page

GMO Power Infrastructure ETF (KWH) and Global X U.S. Infrastructure Development ETF (PAVE) belong to the same industry segment: Infrastructure. KWH's top 3 sector exposures are Industrials, Utilities and Energy. In contrast, PAVE's top sector exposures are Industrials, Non-Energy Materials and Utilities. KWH is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.47% for PAVE. Run a side-by-side ETF comparison of KWH 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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KWH vs PAVE performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 08/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KWH PAVE	+3.11%-3.17%	n/a-1.94%	n/a+15.93%	n/a+18.84%	n/a+77.90%	n/a+108.40%
Flows	KWH PAVE	+$1M+$5M	-+$379M	-+$2.09B	-+$2.43B	-+$4.05B	-+$4.21B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KWH PAVE	n/a+21.46%	n/a+20.54%	n/a+20.96%	n/a+22.05%
Max drawdown	KWH PAVE	n/a-8.05%	n/a-11.91%	n/a-26.27%	n/a-26.27%
Max drawdown duration	KWH PAVE	n/a64d	n/a59d	n/a239d	n/a239d

Trading data

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	KWH	PAVE
Last sale 8/28/2026 at 1:30 PM	$24.92	$55.31
Previous close 08/27/2026	$25.13	$56.06
Consolidated volume 08/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 2026

1-year trailing difference

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KWH

is actively managed and doesn’t replicate an index

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	KWH	PAVE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 8/28/2026 at 1:30 PM

Live

Closed

	KWH	PAVE
Last price	$24.92	$55.31
1D performance	-0.84%	-1.34%
AuM	$57.81 M	$13.65 B
E/R	0.6%	0.47%

Characteristics

	KWH	PAVE
Management strategy	Active	Passive
Provider	GMO	Global X
Benchmark	-	Indxx U.S. Infrastructure Development Index
N° of holdings	68	99
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 15, 2026	March 6, 2017
ESG	No	No

More KWH data on Trackinsight

More PAVE data on Trackinsight

Exposure

Countries

KWH

USA

44.27%

Germany

9.42%

Ireland

7.8%

France

7.28%

Other

31.23%

PAVE

USA

92.76%

Other

7.24%

Sectors

KWH

Industrials

42.4%

Utilities

36.85%

Energy

10.19%

Other

10.56%

PAVE

Industrials

68.09%

Non-Energy Materi.

27.14%

Other

4.77%

Diversification

KWH

Total weight of top 15 holdings out of 15

41.64%

PAVE

Total weight of top 15 holdings out of 15

48.41%

Top 15 holdings

Data as of July 31, 2026

KWH

Schneider Electric SE

5.51%

Siemens AG

4.64%

Eaton Corp. Plc

3.56%

NextEra Energy, Inc.

2.73%

Trane Technologies Plc

2.70%

Enel SpA

2.65%

Iberdrola SA

2.59%

National Grid Plc

2.52%

ABB Ltd.

2.47%

The Southern Co.

2.18%

Duke Energy Corp.

2.11%

Vestas Wind Systems A/S

2.08%

E.ON SE

2.04%

Exelon Corp.

1.94%

EQT Corp.

1.93%

PAVE

Quanta Services, Inc.

3.90%

CSX Corp.

3.90%

Howmet Aerospace, Inc.

3.54%

Union Pacific Corp.

3.48%

Eaton Corp. Plc

3.22%

Nucor Corp.

3.22%

Norfolk Southern Corp.

3.21%

Deere & Co.

3.19%

Trane Technologies Plc

3.14%

United Rentals, Inc.

3.11%

Rockwell Automation, Inc.

3.08%

Sempra

2.90%

Fastenal Co.

2.90%

Parker-Hannifin Corp.

2.85%

Emerson Electric Co.

2.75%

Frequently asked questions about KWH and PAVE

Which ETF is bigger: KWH or PAVE?

As of August 28, 2026, KWH holds $57.81 M in assets under management (AUM), while PAVE manages $13.65 B.

What sectors do the KWH and PAVE ETFs invest in?

KWH leans toward sectors like Industrials, Utilities and Energy. Meanwhile, PAVE focuses on Industrials and Non-Energy Materials.

What are the top holdings of the KWH ETF and PAVE ETF?

KWH top holdings include Schneider Electric SE, Siemens AG and Eaton Corp. Plc. PAVE holds in its top three: Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc..

KWHvsPAVEETF Comparison

GMO Power Infrastructure ETF

Global X U.S. Infrastructure Development ETF

KWH vs PAVE performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

Which ETF is bigger: KWH or PAVE?

As of August 28, 2026, KWH holds $57.81 M in assets under management (AUM), while PAVE manages $13.65 B.

What sectors do the KWH and PAVE ETFs invest in?

KWH leans toward sectors like Industrials, Utilities and Energy. Meanwhile, PAVE focuses on Industrials and Non-Energy Materials.

What are the top holdings of the KWH ETF and PAVE ETF?

KWH top holdings include Schneider Electric SE, Siemens AG and Eaton Corp. Plc. PAVE holds in its top three: Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc..

Which ETF is more diversified: KWH or PAVE?

KWH holds 68 securities with 41.64% of its assets in the top 15. PAVE has 99 securities and a top 15 weight of 48.41%.

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