Global X US Infrastructure Development ETF (PAVE)
PAVE is a passive ETF by Global X tracking the investment results of the INDXX U.S. Infrastructure Development Index. PAVE launched on Mar 6, 2017 and has a 0.47% expense ratio.
ETF Info
| ISIN | US37954Y6730 |
|---|---|
| CUSIP | 37954Y673 |
| Issuer | Global X |
| Inception Date | Mar 6, 2017 |
| Region | North America (U.S.) |
| Category | Utilities Equities |
| Leveraged | 1x |
| Index Tracked | INDXX U.S. Infrastructure Development Index |
| Home Page | www.globalxetfs.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
PAVE features an expense ratio of 0.47%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PAVE vs. XLI, PAVE vs. IFRA, PAVE vs. AIRR, PAVE vs. VAW, PAVE vs. DRN, PAVE vs. KOMP, PAVE vs. XHB, PAVE vs. SPGP, PAVE vs. VOOG, PAVE vs. V
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X US Infrastructure Development ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X US Infrastructure Development ETF had a return of 23.57% year-to-date (YTD) and 47.09% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 23.57% | 22.95% |
| 1 month | 7.41% | 4.39% |
| 6 months | 14.19% | 18.07% |
| 1 year | 47.09% | 37.09% |
| 5 years (annualized) | 21.75% | 14.48% |
| 10 years (annualized) | N/A | 11.71% |
Monthly Returns
The table below presents the monthly returns of PAVE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.41% | 9.91% | 5.54% | -5.83% | 3.23% | -4.13% | 7.94% | -1.35% | 4.41% | 23.57% | |||
| 2023 | 9.25% | 0.86% | -2.88% | -2.68% | -1.12% | 15.51% | 3.05% | -0.37% | -5.86% | -5.20% | 9.34% | 9.92% | 31.01% |
| 2022 | -8.61% | 1.75% | 5.64% | -7.07% | -1.71% | -11.54% | 15.46% | -2.74% | -9.82% | 12.32% | 7.88% | -4.68% | -7.17% |
| 2021 | -1.93% | 9.95% | 9.58% | 3.03% | 2.59% | -2.64% | 2.84% | 2.79% | -6.65% | 8.78% | -1.56% | 6.17% | 36.42% |
| 2020 | -4.15% | -8.73% | -20.99% | 12.10% | 6.52% | 4.15% | 2.99% | 8.48% | -1.18% | 3.39% | 16.35% | 4.86% | 19.72% |
| 2019 | 11.66% | 4.72% | -0.25% | 4.94% | -10.29% | 10.74% | -0.55% | -5.07% | 5.08% | 2.54% | 5.01% | 2.61% | 33.26% |
| 2018 | 3.22% | -5.77% | -1.65% | -2.62% | 5.31% | -1.09% | 5.16% | 0.64% | -0.41% | -11.89% | 3.04% | -12.93% | -19.15% |
| 2017 | 0.20% | -0.68% | -2.93% | 2.35% | -0.45% | -0.76% | 6.94% | 0.97% | 3.86% | 4.15% | 14.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PAVE is 70, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X US Infrastructure Development ETF granted a 0.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.22 | $0.14 | $0.09 | $0.12 | $0.11 | $0.05 |
Dividend yield | 0.56% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X US Infrastructure Development 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | ||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.14 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.09 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.12 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2017 | $0.05 | $0.05 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X US Infrastructure Development 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 US Infrastructure Development ETF was 44.08%, occurring on Mar 23, 2020. Recovery took 138 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.08% | Feb 6, 2020 | 32 | Mar 23, 2020 | 138 | Oct 7, 2020 | 170 |
| -27.82% | Jan 29, 2018 | 229 | Dec 24, 2018 | 233 | Nov 26, 2019 | 462 |
| -22.61% | Jan 5, 2022 | 117 | Jun 23, 2022 | 152 | Jan 31, 2023 | 269 |
| -13.34% | Sep 5, 2023 | 39 | Oct 27, 2023 | 32 | Dec 13, 2023 | 71 |
| -11.65% | Mar 6, 2023 | 10 | Mar 17, 2023 | 62 | Jun 15, 2023 | 72 |
Volatility
Volatility Chart
The current Global X US Infrastructure Development ETF volatility is 3.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.