Owns developed-market real estate companies earning at least 85% of their income from data and infrastructure property, following a Solactive index.
SRVR, the Pacer Data & Infrastructure Real Estate ETF, is a $320 million ETF whose main story is the AI compute core. Over the past year it returned −7.3%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.6 of its exposure.
The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | VGT | 23.8% | $147.56bn | +36.0% | 0.09% |
| 2 | XLK | 20.5% | $127.30bn | +40.4% | 0.08% |
| 3 | SMH | 12.1% | $74.88bn | +87.0% | 0.35% |
| 4 | SOXX | 7.8% | $48.43bn | +109.7% | 0.33% |
| 5 | IYW | 4.3% | $26.53bn | +36.0% | 0.37% |
| 391 other ETFs | 31.5% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 396 ETFs on the narrative page →
Also carries: The refinancing cycle →
Real estate, homebuilders and mortgage REITs: property bought with debt and priced against rates.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| SRVR | −5.5% | −7.3% | +1.8% | −7.3% | +6.5% | −3.7% |
| The AI compute coreits narrative | +9.5% | +8.7% | +47.8% | +50.2% | +41.6% | +24.5% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on May 16, 2018: +4.1% a year.
$10,000 invested May 31, 2018
Year by year
Total return in each calendar year; this year is year to date. A year appears only if SRVR traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
SRVR moves partly with the market. When the market has moved 1%, SRVR has tended to move 0.66%.
SRVR moves partly with the AI compute core. When the AI compute core has moved 1%, SRVR has tended to move 0.33%.
Weekly returns over 157 weeks. The narrative is measured without SRVR in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in The AI compute core
Each dot is one of 77 unlevered ETFs whose main narrative is the AI compute core, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
SRVR is the 26th cheapest of 69 ETFs in the AI compute core. The dashed line is the middle of the group, 0.60% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Second narrative: read in the ETF’s own filing.
Common questions
What story is SRVR selling?
SRVR’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them. Its second is the refinancing cycle.
Which ETFs compete with SRVR?
The ETFs whose weekly returns move most like SRVR’s over the past 3 years are WTRE (0.87), DTCR (0.86) and BYRE (0.79).
How has SRVR performed against its story?
Over the past year SRVR returned −7.3%, the ETFs carrying the AI compute core +50.2% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.44 with the story. Past performance only.
Run an ETF in the AI compute core? StoryVector shows issuers where their ETFs stand against the closest rivals, every week.
Request a pilot