HWAY vs. PAVE ETF Comparison

Comparison of Themes US Infrastructure ETF (HWAY) to Global X U.S. Infrastructure Development ETF (PAVE)

HWAY

Themes US Infrastructure ETF

HWAY Description

The index is designed to provide exposure to U.S. companies that have business operations involving the building materials, equipment, logistics, construction, and engineering services used for the development and maintenance of infrastructure projects. It will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.75

Average Daily Volume

400

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$44.86

Average Daily Volume

1,106,683

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HWAY	PAVE
30 Days	-1.76%	4.29%
60 Days	2.44%	8.79%
90 Days		14.69%
12 Months		42.15%

57 Overlapping Holdings

Symbol	Grade	Weight in HWAY	Weight in PAVE	Overlap
AA	A	0.78%	0.51%	0.51%
ACA	A	0.38%	0.35%	0.35%
ACM	B	1.02%	1.02%	1.02%
AGX	B	0.13%	0.79%	0.13%
ATI	C	0.53%	0.5%	0.5%
ATKR	D	0.25%	0.23%	0.23%
BLD	F	0.74%	0.8%	0.74%
BLDR	F	1.46%	1.56%	1.46%
CENX	B	0.09%	0.43%	0.09%
CLF	F	0.4%	0.4%	0.4%
CMC	B	0.52%	0.48%	0.48%
CR	A	0.62%	0.69%	0.62%
CRS	A	0.65%	0.59%	0.59%
CSL	C	1.44%	1.53%	1.44%
CSX	C	4.32%	2.37%	2.37%
DE	C	4.18%	2.36%	2.36%
DNOW	B	0.11%	0.34%	0.11%
DY	D	0.41%	0.38%	0.38%
EME	A	1.65%	1.63%	1.63%
EMR	A	4.96%	3.13%	3.13%
EXP	B	0.67%	0.74%	0.67%
FAST	B	3.3%	2.74%	2.74%
GBX	B	0.15%	0.34%	0.15%
GGG	B	1.08%	1.05%	1.05%
GVA	A	0.32%	0.49%	0.32%
HEES	C	0.14%	0.27%	0.14%
HRI	C	0.41%	0.43%	0.41%
IEX	B	1.2%	1.21%	1.2%
J	D	1.2%	1.24%	1.2%
KNF	B	0.38%	0.37%	0.37%
MDU	D	0.27%	0.25%	0.25%
MLI	B	0.77%	0.71%	0.71%
MLM	B	2.52%	2.73%	2.52%
MRC	B	0.08%	0.3%	0.08%
MYRG	C	0.17%	0.25%	0.17%
NSC	B	4.21%	2.54%	2.54%
NUE	D	2.47%	1.98%	1.98%
PWR	A	3.43%	3.28%	3.28%
ROAD	B	0.29%	0.49%	0.29%
ROCK	D	0.16%	0.21%	0.16%
RS	B	1.13%	1.24%	1.13%
STLD	B	1.42%	1.55%	1.42%
STRL	B	0.41%	0.59%	0.41%
SUM	B	0.43%	0.4%	0.4%
TEX	D	0.26%	0.25%	0.25%
TPC	C	0.07%	0.75%	0.07%
TRN	B	0.23%	0.34%	0.23%
TTEK	F	0.78%	0.76%	0.76%
UNP	D	4.15%	2.25%	2.25%
URI	B	3.91%	3.41%	3.41%
USLM	B	0.07%	0.71%	0.07%
VMC	B	2.62%	2.62%	2.62%
VMI	B	0.52%	0.49%	0.49%
WCC	B	0.67%	0.74%	0.67%
WMS	F	0.63%	0.71%	0.63%
X	C	0.64%	0.56%	0.56%
ZWS	B	0.43%	0.47%	0.43%

HWAY Overweight 40 Positions Relative to PAVE

Symbol	Grade	Weight
CAT	C	4.1%
GWW	B	3.71%
WAB	B	2.45%
XYL	D	2.11%
DOV	B	1.95%
OC	A	1.21%
FIX	A	1.16%
POOL	D	0.97%
AIT	B	0.75%
FLR	B	0.68%
DCI	B	0.65%
UFPI	C	0.59%
OSK	C	0.54%
R	B	0.53%
TREX	C	0.52%
SSD	D	0.52%
APG	C	0.47%
AZEK	B	0.46%
AGCO	F	0.46%
WTS	B	0.45%
VNT	C	0.44%
SKY	A	0.41%
BCC	C	0.38%
SWX	A	0.34%
MSM	D	0.27%
VRRM	F	0.26%
NPO	A	0.26%
CVCO	A	0.22%
AZZ	A	0.16%
ALG	C	0.14%
HLIO	C	0.12%
APOG	B	0.12%
WS	B	0.11%
LNN	B	0.1%
BXC	B	0.09%
NVEE	F	0.09%
KALU	C	0.09%
JBI	F	0.07%
GLDD	B	0.03%
NVRI	D	0.02%

HWAY Underweight 41 Positions Relative to PAVE

Symbol	Grade	Weight
TT	A	-3.76%
PH	B	-3.45%
ETN	B	-3.45%
HWM	A	-3.25%
SRE	A	-2.93%
ROK	B	-2.19%
FTV	C	-1.85%
HUBB	B	-1.64%
PNR	B	-1.22%
RPM	B	-1.22%
TRMB	B	-1.22%
WLK	F	-1.13%
POWL	C	-0.89%
LECO	C	-0.83%
RRX	B	-0.8%
MTZ	A	-0.75%
WWD	B	-0.72%
AYI	B	-0.71%
RBC	A	-0.64%
PRIM	A	-0.56%
LPX	B	-0.56%
DXPE	B	-0.5%
BMI	B	-0.45%
CSWI	B	-0.44%
NWPX	A	-0.43%
MWA	B	-0.4%
EXPO	D	-0.35%
MTX	C	-0.29%
GRC	B	-0.29%
HAYN	A	-0.27%
ASTE	C	-0.25%
MTRN	C	-0.23%
CMCO	C	-0.23%
CXT	C	-0.22%
IIIN	C	-0.21%
WNC	D	-0.18%
CTOS	B	-0.18%
RYI	C	-0.17%
MTUS	D	-0.17%
CALX	F	-0.16%
TITN	D	-0.13%