VAW vs. PAVE ETF Comparison

Comparison of Vanguard Materials ETF - DNQ (VAW) to Global X U.S. Infrastructure Development ETF (PAVE)

VAW

Vanguard Materials ETF - DNQ

VAW Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$191.95

Average Daily Volume

35,988

Number of Holdings ^*

115

* 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

$36.60

Average Daily Volume

1,307,718

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VAW	PAVE
30 Days	-3.65%	-3.30%
60 Days	-3.29%	-5.52%
90 Days	-5.75%	-7.85%
12 Months	9.85%	19.91%

23 Overlapping Holdings

Symbol	Grade	Weight in VAW	Weight in PAVE	Overlap
AA	B	0.57%	0.57%	0.57%
ATI	C	0.55%	0.6%	0.55%
CENX	B	0.07%	0.39%	0.07%
CLF	D	0.62%	0.63%	0.62%
CMC	D	0.47%	0.51%	0.47%
CRS	B	0.4%	0.44%	0.4%
EXP	D	0.58%	0.62%	0.58%
HAYN	C	0.05%	0.3%	0.05%
KNF	C	0.27%	0.33%	0.27%
LPX	D	0.43%	0.49%	0.43%
MLM	D	2.55%	2.98%	2.55%
MTRN	F	0.17%	0.25%	0.17%
MTX	C	0.2%	0.35%	0.2%
NUE	F	2.94%	2.5%	2.5%
RPM	D	1.04%	1.15%	1.04%
RS	D	1.25%	1.34%	1.25%
RYI	F	0.05%	0.16%	0.05%
STLD	D	1.45%	1.68%	1.45%
SUM	D	0.34%	0.37%	0.34%
USLM	C	0.06%	0.44%	0.06%
VMC	D	2.44%	2.73%	2.44%
WLK	D	0.45%	1.55%	0.45%
X	C	0.62%	0.68%	0.62%

VAW Overweight 92 Positions Relative to PAVE

Symbol	Grade	Weight
LIN	C	15.16%
FCX	C	5.46%
SHW	D	5.3%
ECL	B	4.32%
APD	D	4.28%
NEM	A	3.49%
DOW	D	2.93%
CTVA	D	2.82%
DD	C	2.48%
PPG	D	2.23%
LYB	D	1.87%
IFF	B	1.77%
BALL	D	1.58%
AVY	D	1.32%
CE	F	1.22%
PKG	C	1.19%
CF	F	1.08%
IP	C	1.07%
AMCR	D	1.06%
WRK	C	1.0%
ALB	F	0.9%
EMN	D	0.86%
CCK	F	0.73%
MOS	F	0.72%
ATR	D	0.71%
GPK	D	0.63%
AXTA	D	0.57%
FMC	F	0.55%
BERY	D	0.5%
RGLD	B	0.46%
OLN	F	0.46%
SON	F	0.44%
SEE	F	0.41%
CBT	D	0.41%
ESI	B	0.4%
BCPC	A	0.36%
ASH	D	0.34%
FUL	D	0.31%
SLGN	D	0.29%
HUN	F	0.29%
AVNT	D	0.29%
NEU	D	0.28%
CC	F	0.27%
HCC	C	0.26%
AMR	D	0.25%
HL	C	0.25%
IOSP	D	0.23%
ARCH	C	0.22%
SMG	D	0.21%
SXT	C	0.2%
KWR	F	0.19%
SLVM	D	0.18%
CDE	A	0.17%
MP	D	0.17%
TROX	D	0.17%
OI	F	0.14%
SCL	D	0.14%
HWKN	B	0.13%
ASPN	D	0.13%
NGVT	F	0.12%
KALU	D	0.11%
GEF	F	0.11%
OEC	F	0.1%
PRM	B	0.08%
WS	C	0.08%
ECVT	D	0.08%
TRS	D	0.08%
KOP	F	0.07%
MATV	D	0.07%
IE	C	0.06%
CLW	D	0.06%
SXC	D	0.06%
ASIX	F	0.05%
MYE	F	0.04%
LXU	F	0.04%
GATO	C	0.04%
ZEUS	F	0.04%
PTVE	F	0.04%
DNA	F	0.04%
PCT	C	0.04%
MERC	F	0.03%
RDUS	F	0.03%
CMP	F	0.03%
AVD	F	0.02%
PLL	F	0.02%
IPI	D	0.02%
PACK	D	0.02%
KRO	D	0.02%
DNMR	F	0.01%
TSE	F	0.01%
ORGN	F	0.01%
FEAM	F	0.0%

VAW Underweight 74 Positions Relative to PAVE

Symbol	Grade	Weight
TT	B	-3.65%
ETN	C	-3.58%
PWR	D	-3.22%
EMR	C	-3.13%
URI	D	-2.99%
PH	D	-2.98%
SRE	B	-2.94%
HWM	C	-2.72%
DE	F	-2.7%
CSX	D	-2.62%
UNP	D	-2.55%
FAST	D	-2.53%
ROK	D	-2.44%
NSC	D	-2.41%
FTV	D	-2.15%
CSL	C	-1.66%
HUBB	C	-1.65%
J	D	-1.46%
EME	D	-1.45%
BLDR	F	-1.41%
IEX	D	-1.26%
TRMB	C	-1.14%
GGG	D	-1.11%
PNR	D	-1.05%
WMS	D	-1.05%
BLD	D	-1.01%
ACM	D	-1.0%
TTEK	D	-0.95%
LECO	F	-0.89%
WWD	D	-0.88%
RRX	F	-0.75%
MTZ	C	-0.72%
TPC	C	-0.72%
CR	C	-0.68%
WCC	D	-0.67%
RBC	C	-0.65%
AYI	D	-0.62%
MLI	C	-0.54%
POWL	D	-0.51%
VMI	C	-0.48%
BMI	C	-0.47%
STRL	D	-0.46%
AGX	C	-0.46%
MDU	C	-0.44%
DY	B	-0.43%
PRIM	D	-0.43%
ZWS	D	-0.42%
ATKR	F	-0.41%
EXPO	C	-0.41%
DXPE	D	-0.39%
GVA	B	-0.38%
DNOW	D	-0.38%
ROAD	D	-0.36%
MWA	C	-0.35%
CSWI	A	-0.34%
MRC	D	-0.33%
ACA	D	-0.33%
TRN	D	-0.32%
NWPX	D	-0.32%
HRI	F	-0.31%
GRC	C	-0.31%
TEX	D	-0.3%
GBX	D	-0.3%
CACC	B	-0.29%
MYRG	F	-0.28%
CMCO	F	-0.25%
IIIN	F	-0.25%
HEES	F	-0.24%
ROCK	D	-0.24%
ASTE	F	-0.23%
WNC	F	-0.23%
CALX	C	-0.22%
CTOS	F	-0.19%
TITN	F	-0.16%