PAVE vs. NRSH ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to Aztlan North America Nearshoring Stock Selection ETF (NRSH)

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

$43.81

Average Daily Volume

1,149,447

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NRSH

Aztlan North America Nearshoring Stock Selection ETF

NRSH Description

The initial universe for the index includes companies that, according to GICS classifications, belong to one of the following industries or sub-industries: (a) Industrial REITs, (b) Office REITs, (c) Real Estate Management & Development, (d) Specialized REITs, (e) Ground Transportation, (f) Air Freight & Logistics, (g) Transportation Infrastructure, or (h) Marine Transportation. The fund will invest all, or substantially all, of its assets in the component securities that make up the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.08

Average Daily Volume

1,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	NRSH
30 Days	3.42%	0.36%
60 Days	12.07%	3.50%
90 Days	15.05%	5.55%
12 Months	41.96%

3 Overlapping Holdings

Symbol	Grade	Weight in PAVE	Weight in NRSH	Overlap
CSX	B	2.33%	5.6%	2.33%
NSC	B	2.56%	4.85%	2.56%
UNP	D	2.28%	5.46%	2.28%

PAVE Overweight 95 Positions Relative to NRSH

Symbol	Grade	Weight
TT	A	3.57%
URI	B	3.41%
ETN	A	3.39%
PH	A	3.36%
PWR	A	3.19%
HWM	A	3.14%
EMR	A	3.03%
SRE	A	2.86%
MLM	B	2.82%
FAST	B	2.73%
VMC	B	2.65%
DE	D	2.42%
NUE	D	2.14%
ROK	A	2.08%
FTV	D	1.78%
HUBB	B	1.72%
STLD	B	1.64%
EME	B	1.63%
BLDR	D	1.51%
CSL	B	1.49%
RS	B	1.26%
J	D	1.25%
TRMB	A	1.23%
WLK	F	1.2%
RPM	A	1.18%
IEX	B	1.18%
PNR	A	1.16%
ACM	B	1.03%
GGG	A	1.01%
POWL	C	0.98%
TPC	C	0.89%
TTEK	D	0.86%
WMS	F	0.85%
LECO	C	0.85%
BLD	F	0.81%
RRX	B	0.81%
AGX	B	0.8%
MTZ	B	0.76%
EXP	B	0.74%
WCC	A	0.73%
MLI	B	0.73%
WWD	B	0.73%
USLM	A	0.69%
CR	A	0.68%
AYI	A	0.68%
X	D	0.64%
RBC	A	0.63%
CRS	A	0.59%
AA	A	0.56%
STRL	B	0.55%
PRIM	A	0.55%
LPX	A	0.54%
DXPE	A	0.51%
ATI	D	0.5%
ROAD	B	0.5%
VMI	B	0.49%
GVA	A	0.48%
CMC	B	0.48%
CLF	F	0.46%
ZWS	B	0.46%
CSWI	B	0.45%
CENX	A	0.45%
BMI	B	0.45%
HRI	B	0.45%
NWPX	A	0.42%
SUM	B	0.41%
MWA	A	0.39%
KNF	B	0.39%
DY	C	0.36%
EXPO	D	0.36%
ACA	B	0.35%
TRN	A	0.33%
DNOW	A	0.32%
GBX	A	0.32%
MRC	B	0.3%
GRC	B	0.29%
MTX	B	0.28%
TEX	D	0.26%
ATKR	C	0.26%
HAYN	A	0.26%
HEES	B	0.26%
MYRG	B	0.24%
ASTE	B	0.24%
MDU	D	0.24%
MTRN	C	0.23%
CXT	D	0.22%
CMCO	C	0.22%
ROCK	C	0.21%
IIIN	C	0.2%
CALX	F	0.18%
CTOS	B	0.18%
MTUS	F	0.18%
RYI	B	0.17%
WNC	C	0.17%
TITN	C	0.13%

PAVE Underweight 14 Positions Relative to NRSH

Symbol	Grade	Weight
MATX	B	-7.64%
CHRW	A	-7.28%
LSTR	D	-6.06%
GXO	B	-5.51%
SNDR	B	-5.28%
ARCB	C	-5.24%
WERN	B	-5.14%
HUBG	A	-5.13%
FWRD	D	-4.59%
CNI	F	-4.41%
KEX	A	-4.19%
ATSG	A	-1.35%
GNK	C	-0.96%
ULH	B	-0.58%