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Global X US Infrastructure Development ETF (PAVE)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS37954Y6730
CUSIP37954Y673
IssuerGlobal X
Inception DateMar 6, 2017
RegionNorth America (U.S.)
CategoryUtilities Equities
Index TrackedINDXX U.S. Infrastructure Development Index
Home Pagewww.globalxetfs.com
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

PAVE features an expense ratio of 0.47%, falling within the medium range.


Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

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.


Global X US Infrastructure Development ETF

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.


100.00%120.00%140.00%160.00%180.00%FebruaryMarchAprilMayJuneJuly
176.73%
136.49%
PAVE (Global X US Infrastructure Development ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Global X US Infrastructure Development ETF had a return of 13.33% year-to-date (YTD) and 21.80% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date13.33%17.16%
1 month4.09%2.10%
6 months17.63%17.92%
1 year21.80%22.68%
5 years (annualized)20.17%13.47%
10 years (annualized)N/A10.97%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.41%9.91%5.54%-5.83%3.23%-4.13%13.33%
20239.25%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%
201911.66%4.72%-0.25%4.94%-10.29%10.74%-0.55%-5.07%5.08%2.54%5.01%2.61%33.26%
20183.22%-5.77%-1.65%-2.62%5.31%-1.09%5.16%0.64%-0.41%-11.89%3.04%-12.93%-19.15%
20170.20%-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 62, 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.


The Risk-Adjusted Performance Rank of PAVE is 6262
PAVE (Global X US Infrastructure Development ETF)
The Sharpe Ratio Rank of PAVE is 6161Sharpe Ratio Rank
The Sortino Ratio Rank of PAVE is 5959Sortino Ratio Rank
The Omega Ratio Rank of PAVE is 5757Omega Ratio Rank
The Calmar Ratio Rank of PAVE is 7575Calmar Ratio Rank
The Martin Ratio Rank of PAVE is 5959Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


PAVE
Sharpe ratio
The chart of Sharpe ratio for PAVE, currently valued at 1.40, compared to the broader market0.002.004.006.001.40
Sortino ratio
The chart of Sortino ratio for PAVE, currently valued at 1.98, compared to the broader market0.005.0010.001.98
Omega ratio
The chart of Omega ratio for PAVE, currently valued at 1.23, compared to the broader market1.002.003.001.23
Calmar ratio
The chart of Calmar ratio for PAVE, currently valued at 1.73, compared to the broader market0.005.0010.0015.0020.001.73
Martin ratio
The chart of Martin ratio for PAVE, currently valued at 4.91, compared to the broader market0.0050.00100.00150.004.91
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.10, compared to the broader market0.002.004.006.002.10
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.94, compared to the broader market0.005.0010.002.94
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.37, compared to the broader market1.002.003.001.37
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.66, compared to the broader market0.005.0010.0015.0020.001.66
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.83, compared to the broader market0.0050.00100.00150.007.83

Sharpe Ratio

The current Global X US Infrastructure Development ETF Sharpe ratio is 1.40. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Global X US Infrastructure Development ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
1.40
2.10
PAVE (Global X US Infrastructure Development ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Global X US Infrastructure Development ETF granted a 0.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.24$0.24$0.22$0.14$0.09$0.12$0.11$0.05

Dividend yield

0.61%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.08$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.


-8.00%-6.00%-4.00%-2.00%0.00%FebruaryMarchAprilMayJuneJuly
-2.16%
-1.39%
PAVE (Global X US Infrastructure Development ETF)
Benchmark (^GSPC)

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.

The current Global X US Infrastructure Development ETF drawdown is 2.16%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-44.08%Feb 6, 202032Mar 23, 2020138Oct 7, 2020170
-27.82%Jan 29, 2018229Dec 24, 2018233Nov 26, 2019462
-22.61%Jan 5, 2022117Jun 23, 2022152Jan 31, 2023269
-13.34%Sep 5, 202339Oct 27, 202332Dec 13, 202371
-11.65%Mar 6, 202310Mar 17, 202362Jun 15, 202372

Volatility

Volatility Chart

The current Global X US Infrastructure Development ETF volatility is 5.83%, 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.


2.00%3.00%4.00%5.00%6.00%FebruaryMarchAprilMayJuneJuly
5.83%
2.59%
PAVE (Global X US Infrastructure Development ETF)
Benchmark (^GSPC)