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

ETF Info

ISIN

US37954Y6730

CUSIP

37954Y673

Issuer

Global X

Inception Date

Mar 6, 2017

Region

North America (U.S.)

Leveraged

1x

Index Tracked

INDXX U.S. Infrastructure Development Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

PAVE has an expense ratio of 0.47%, placing it in 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.


Performance

Performance Chart


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Returns By Period

Global X US Infrastructure Development ETF (PAVE) returned 3.34% year-to-date (YTD) and 7.13% over the past 12 months.


PAVE

YTD

3.34%

1M

13.91%

6M

-6.38%

1Y

7.13%

5Y*

27.67%

10Y*

N/A

^GSPC (Benchmark)

YTD

0.19%

1M

9.00%

6M

-1.55%

1Y

12.31%

5Y*

15.59%

10Y*

10.78%

*Annualized

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
20254.65%-4.92%-6.17%1.72%8.81%3.34%
2024-0.41%9.91%5.54%-5.83%3.23%-4.13%7.94%-1.35%4.41%-0.10%11.21%-11.33%17.92%
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%2.60%-2.64%2.83%2.79%-6.65%8.78%-1.56%6.17%36.42%
2020-4.16%-8.73%-20.99%12.10%6.52%4.15%2.99%8.48%-1.18%3.39%16.35%4.86%19.71%
201911.66%4.72%-0.25%4.94%-10.29%10.73%-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 30, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of PAVE is 3030
Overall Rank
The Sharpe Ratio Rank of PAVE is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of PAVE is 3232
Sortino Ratio Rank
The Omega Ratio Rank of PAVE is 2929
Omega Ratio Rank
The Calmar Ratio Rank of PAVE is 3232
Calmar Ratio Rank
The Martin Ratio Rank of PAVE is 2626
Martin 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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Global X US Infrastructure Development ETF Sharpe ratios as of May 15, 2025 (values are recalculated daily):

  • 1-Year: 0.29
  • 5-Year: 1.17
  • All Time: 0.57

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Global X US Infrastructure Development ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Global X US Infrastructure Development ETF provided a 0.52% dividend yield over the last twelve months, with an annual payout of $0.22 per share.


0.30%0.40%0.50%0.60%0.70%0.80%$0.00$0.05$0.10$0.15$0.2020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$0.22$0.22$0.24$0.22$0.14$0.09$0.12$0.11$0.05

Dividend yield

0.52%0.54%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
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$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
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.


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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 8.81%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-44.08%Jan 21, 202044Mar 23, 2020138Oct 7, 2020182
-27.82%Jan 29, 2018229Dec 24, 2018233Nov 26, 2019462
-26.24%Nov 26, 202490Apr 8, 2025
-22.61%Jan 5, 2022117Jun 23, 2022152Jan 31, 2023269
-13.34%Sep 5, 202339Oct 27, 202332Dec 13, 202371

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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