- ISIN
- US37960A4461
- CUSIP
- 37960A446
- Issuer
- Global X
- Inception Date
- Aug 27, 2024
- Region
- Global (Global ex-U.S.)
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X Infrastructure Development ex-U.S. Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $5M
Highlights
- Avg. Volume (1M)
- 703
- Avg. Volume Value (1M)
- $22.11K
Share Price Chart
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Performance
IPAV Performance Chart
Global X Infrastructure Development ex-U.S. ETF (IPAV) is up 7.0% since the beginning of the year. IPAV is currently trading at $31 per share.
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Returns By Period
Global X Infrastructure Development ex-U.S. ETF (IPAV) has returned 6.95% so far this year and 18.18% over the past 12 months.
Global X Infrastructure Development ex-U.S. ETF
- 1D
- -0.47%
- 1M
- -1.47%
- 6M
- 0.92%
- YTD
- 6.95%
- 1Y
- 18.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.28%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
IPAV Monthly Returns History
Based on dividend-adjusted daily data since Aug 28, 2024, IPAV's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, an investment would double in approximately 4.9 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2026 with a return of +12.3%, while the worst month was Mar 2026 at -11.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, IPAV closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.97% | 8.51% | -10.98% | 12.27% | 0.72% | -5.27% | -2.48% | 6.95% | |||||
| 2025 | 2.08% | 0.57% | 2.93% | 3.48% | 4.66% | 4.03% | -0.88% | 2.59% | 1.60% | 1.79% | 1.45% | 2.15% | 29.77% |
| 2024 | 0.55% | 2.32% | -6.16% | 0.59% | -4.11% | -6.87% |
Benchmark Metrics
Global X Infrastructure Development ex-U.S. ETF has an annualized alpha of 2.19%, beta of 0.79, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since August 28, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.75%) than losses (70.46%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.19% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.19%
- Beta
- 0.79
- R²
- 0.52
- Upside Capture
- 77.75%
- Downside Capture
- 70.46%
Expense Ratio
IPAV has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IPAV ranks 37 for risk / return — above 37% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Global X Infrastructure Development ex-U.S. ETF (IPAV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IPAV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.00 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.32 | 8.49 | -5.17 |
Dividends
Dividend History
Global X Infrastructure Development ex-U.S. ETF provided a 1.52% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.48 | $0.38 | $0.07 |
Dividend yield | 1.52% | 1.29% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Infrastructure Development ex-U.S. ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.23 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.38 |
| 2024 | $0.07 | $0.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Infrastructure Development ex-U.S. ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Infrastructure Development ex-U.S. ETF was 14.59%, occurring on Mar 30, 2026. Recovery took 25 trading sessions.
The current Global X Infrastructure Development ex-U.S. ETF drawdown is 10.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.59%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 | — |
-14.19%Apr 2025 | 6mo 13d | 27d | 7mo 10dSep 2024 - May 2025 | 2025 selloff2025 |
-12.72%Jul 2026 | 2mo 23d | — | 2mo 27dMay 2026 - now | — |
-5.41%Aug 2025 | 8d | 1mo 11d | 1mo 19dJul 2025 - Sep 2025 | — |
-5.06%Nov 2025 | 22d | 25d | 1mo 17dOct 2025 - Dec 2025 | — |
Drawdown Indicators
| IPAV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -56.78% | +42.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -9.10% | -5.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.75% | -1.58% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -10.70% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 2.14% | +3.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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