- ISIN
- US37960A4461
- CUSIP
- 37960A446
- Issuer
- Global X
- Inception Date
- Aug 27, 2024
- Region
- Global (Global ex-U.S.)
- Category
- Industrials Equities
- 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
- $6M
Share Price Chart
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Performance
IPAV Performance Chart
Global X Infrastructure Development ex-U.S. ETF (IPAV) is up 14.7% since the beginning of the year. IPAV is currently trading at $34 per share.
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Returns By Period
Global X Infrastructure Development ex-U.S. ETF (IPAV) has returned 14.68% so far this year and 31.70% over the past 12 months.
Global X Infrastructure Development ex-U.S. ETF
- 1D
- 1.05%
- 1M
- 0.99%
- YTD
- 14.68%
- 6M
- 15.91%
- 1Y
- 31.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
IPAV Monthly Returns History
Based on dividend-adjusted daily data since Aug 28, 2024, IPAV's average daily return is +0.08%, while the average monthly return is +1.53%. At this rate, an investment would double in approximately 3.8 years.
Historically, 78% of months were positive and 22% 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 1 months.
On a daily basis, IPAV closed higher 55% 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% | -0.93% | 14.68% | ||||||
| 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 6.60%, beta of 0.78, 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 (33.70%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 6.60% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.60%
- Beta
- 0.78
- R²
- 0.52
- Upside Capture
- 77.75%
- Downside Capture
- 33.70%
Expense Ratio
IPAV has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IPAV ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by 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 | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.78 | -0.60 |
| Martin ratioReturn relative to average drawdown | 7.58 | 12.44 | -4.85 |
Dividends
Dividend History
Global X Infrastructure Development ex-U.S. ETF provided a 1.12% dividend yield over the last twelve months, with an annual payout of $0.38 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.38 | $0.38 | $0.07 |
Dividend yield | 1.12% | 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 | $0.00 | $0.00 | ||||||
| 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 4.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -14.59%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 |
2025 selloff2025 | -14.19%Apr 2025 | 6mo 13d | 27d | 7mo 10dSep 2024 - May 2025 |
2026 pullback2026 | -9.39%Jun 2026 | 1mo 4d | — | 1mo 17dMay 2026 - now |
2025 pullback2025 | -5.41%Aug 2025 | 8d | 1mo 11d | 1mo 19dJul 2025 - Sep 2025 |
2025 pullback2025 | -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 | -4.30% | -1.80% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -3.59% | -10.71% | +7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.03% | +2.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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