BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

PAVEvsWELDETF Comparison

ETF 1

PAVE

Global X U.S. Infrastructure Development ETF

This fund is part of

Infrastructure

-0.77%

Full PAVE fund page

VS

ETF 2

WELD

Tema U.S. Manufacturing & Reshoring ETF

This fund is part of

US Multi-Factor

+0.14%

Full WELD fund page

Global X U.S. Infrastructure Development ETF (PAVE) belongs to the Infrastructure segment. Tema U.S. Manufacturing & Reshoring ETF (WELD) is part of the US Multi-Factor segment. PAVE's top 3 sector exposures are Industrials, Non-Energy Materials and Utilities. In contrast, WELD's top sector exposures are Industrials, Non-Energy Materials and Technology. PAVE is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.75% for WELD. PAVE is up 20.55% year-to-date (YTD) with +$2.09B in YTD flows. WELD performs better with 30.2% YTD performance, and +$56M in YTD flows. Run a side-by-side ETF comparison of PAVE and WELD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

PAVE vs WELD performance and flow charts

Performance

Cumulative Flows

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

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 07/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PAVE WELD	-1.94%-6.37%	+2.39%+2.89%	+20.55%+30.20%	+24.23%+37.10%	+84.12%+99.85%	+130.63%n/a
Flows	PAVE WELD	-$29M+$10M	+$852M+$25M	+$2.09B+$56M	+$2.57B+$64M	+$4.23B+$208M	+$4.56B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PAVE WELD	+22.42%+32.48%	+20.14%+25.82%	+20.76%+22.61%	+22.01%n/a
Max drawdown	PAVE WELD	-7.81%-10.11%	-11.91%-14.60%	-26.27%-26.90%	-26.27%n/a
Max drawdown duration	PAVE WELD	40d32d	59d57d	239d239d	239dn/a

Trading data

Create an account to view trading data

Join for free

	PAVE	WELD
Last sale 7/28/2026 at 1:30 PM	$57.11	$56.58
Previous close 07/27/2026	$57.48	$57.70
Consolidated volume 07/27/2026
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

Create an account to view replication metrics

Join for free

WELD

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

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

Main metrics

Last update 7/28/2026 at 1:30 PM

Live

Closed

	PAVE	WELD
Last price	$57.11	$56.58
1D performance	-0.64%	-1.95%
AuM	$14.17 B	$292.31 M
E/R	0.47%	0.75%

Characteristics

	PAVE	WELD
Management strategy	Passive	Active
Provider	Global X	Tema
Benchmark	Indxx U.S. Infrastructure Development Index	-
N° of holdings	100	24
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 6, 2017	May 10, 2023
ESG	No	No

More PAVE data on Trackinsight

More WELD data on Trackinsight

Exposure

Countries

PAVE

USA

92.66%

Other

7.34%

WELD

USA

79.68%

Other

20.32%

Sectors

PAVE

Industrials

68.41%

Non-Energy Materi.

27.03%

Other

4.56%

WELD

Industrials

71.21%

Non-Energy Materi.

21.17%

Other

7.62%

Diversification

PAVE

Total weight of top 15 holdings out of 15

46.22%

WELD

Total weight of top 15 holdings out of 15

79.78%

Top 15 holdings

Data as of June 30, 2026

PAVE

Quanta Services, Inc.

4.03%

CSX Corp.

3.55%

Howmet Aerospace, Inc.

3.26%

Trane Technologies Plc

3.26%

Eaton Corp. Plc

3.23%

Deere & Co.

3.17%

Union Pacific Corp.

3.11%

United Rentals, Inc.

3.10%

Rockwell Automation, Inc.

3.00%

Norfolk Southern Corp.

2.89%

Sempra

2.89%

Fastenal Co.

2.79%

Nucor Corp.

2.72%

Parker-Hannifin Corp.

2.71%

Emerson Electric Co.

2.51%

WELD

The Timken Co.

8.15%

Cognex Corp.

7.27%

Caterpillar, Inc.

7.04%

Powell Industries, Inc.

6.97%

Applied Industrial Technologies, Inc.

6.09%

Gates Industrial Corp. Plc

5.78%

Eaton Corp. Plc

5.39%

Terex Corp.

5.05%

ATI, Inc.

4.84%

Linde Plc

4.76%

SPX Technologies, Inc.

3.82%

Rockwell Automation, Inc.

3.73%

Parker-Hannifin Corp.

3.66%

Taiwan Semiconductor Manufacturing Co., Ltd.

3.65%

Ingersoll Rand, Inc.

3.58%

Frequently asked questions about PAVE and WELD

How have the PAVE and WELD ETFs performed in 2026?

As of July 27, 2026, PAVE is up 20.55% year-to-date (YTD), while WELD has returned 30.2%. That puts WELD better performer ahead so far this year.

Which ETF is attracting more investor money: PAVE or WELD?

Year-to-date, the PAVE ETF saw +$2.09B in flows, compared to +$56M for WELD.

Which ETF is more volatile: PAVE or WELD?

Over the past year, PAVE had a volatility of 20.14%, while WELD experienced 25.82%.

Which ETF is bigger: PAVE or WELD?

As of July 27, 2026, PAVE holds $14.17 B in assets under management (AUM), while WELD manages $292.31 M.

What sectors do the PAVE and WELD ETFs invest in?

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

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

PAVE top holdings include Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc.. WELD holds in its top three: The Timken Co., Cognex Corp. and Caterpillar, Inc..

PAVEvsWELDETF Comparison

Global X U.S. Infrastructure Development ETF

Tema U.S. Manufacturing & Reshoring ETF

PAVE vs WELD 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

How have the PAVE and WELD ETFs performed in 2026?

As of July 27, 2026, PAVE is up 20.55% year-to-date (YTD), while WELD has returned 30.2%. That puts WELD better performer ahead so far this year.

Which ETF is attracting more investor money: PAVE or WELD?

Year-to-date, the PAVE ETF saw +$2.09B in flows, compared to +$56M for WELD.

Which ETF is more volatile: PAVE or WELD?

Over the past year, PAVE had a volatility of 20.14%, while WELD experienced 25.82%.

Which ETF is bigger: PAVE or WELD?

As of July 27, 2026, PAVE holds $14.17 B in assets under management (AUM), while WELD manages $292.31 M.

What sectors do the PAVE and WELD ETFs invest in?

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

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

PAVE top holdings include Quanta Services, Inc., CSX Corp. and Howmet Aerospace, Inc.. WELD holds in its top three: The Timken Co., Cognex Corp. and Caterpillar, Inc..

Which ETF is more diversified: PAVE or WELD?

PAVE holds 100 securities with 46.22% of its assets in the top 15. WELD has 24 securities and a top 15 weight of 79.78%.

Notable ETF Filings Recap: March 2024

How to Obtain Real Asset Exposure by Investing in Infrastructure ETFs

How US Infrastructure Can Benefit Your Portfolio

Build and Analyze Your ETF Portfolio Like a Pro