Global X U.S. Infrastructure Development ETF (PAVE) is a real estate and infrastructure ETF. As of October 28, 2026, ETF Copilot scores PAVE 4.5 out of 10 — highest on Return (7.6), lowest on Value (0.9). It trades at 26.6 times earnings, against its own median of 20.0. Its ten largest holdings are 34% of the fund.
What stands out in PAVE's data
US-listed companies tied to domestic construction, engineering, building materials, heavy equipment and industrial transportation.
Its valuation is exceptionally high relative to similar funds.
The fund carries a trailing P/E multiple of 26.6x, above the category median of 22.8x.
Offers targeted exposure to companies linked to US infrastructure development, weighted by market value with caps.
How is PAVE rated? ETF Copilot scores Global X U.S. Infrastructure Development ETF (PAVE) 4.5 out of 10
As of October 28, 2026, ETF Copilot scores Global X U.S. Infrastructure Development ETF (PAVE) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 4.4 / 10
- Value: 0.9 / 10
- Risk: 3.7 / 10
- Quality: 4.5 / 10
- Return: 7.6 / 10
Is PAVE expensive right now? It trades at 26.6 times earnings, against its own median of 20.0
As of October 28, 2026, PAVE is more expensive than 87% of its own last 9 years.
Trailing 12 months, built from PAVE's holdings. How we calculate this →
What's inside PAVE?
What's inside PAVE: Size (Large 59%, Mid 30%, Small 11%); Geography (International 11%, US 89%); Tech 3.9%.
What are PAVE's top holdings? The ten largest are 34% of the fund
Fastenal, Emerson Electric, Nucor, Deere, United Rentals, Union Pacific, CSX, Norfolk Southern, Trane Technologies and Rockwell Automation are PAVE's largest holdings, in that order.
Less concentrated than 82% of Real Estate & Infra ETFs.
Half of PAVE's weight sits in its 16 largest positions, and once those weights are taken into account it behaves like 48 equally weighted holdings.
What is PAVE's expense ratio? 0.47% a year
As of October 28, 2026, PAVE charges 0.47% a year, yields 0.81% and holds $13.7B in assets across 98 positions.
| Measure | PAVE |
|---|---|
| Expense ratio | 0.47% |
| Dividend yield | 0.81% |
| Assets under management | $13.7B |
| Holdings | 98 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Global X U.S. Infrastructure Development ETF (PAVE) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/pave
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