- ISIN
- US37954Y6730
- CUSIP
- 37954Y673
- Issuer
- Global X
- Inception Date
- Mar 6, 2017
- Region
- North America (U.S.)
- Category
- Industrials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- INDXX U.S. Infrastructure Development Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $14B
Share Price Chart
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Performance
PAVE Performance Chart
Global X US Infrastructure Development ETF (PAVE) is up 24.0% since the beginning of the year. PAVE is currently trading at $59 per share. Investors who bought $1,000 worth of PAVE shares 5 years ago would now be looking at an investment worth $2,415.
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Returns By Period
Global X US Infrastructure Development ETF (PAVE) has returned 23.96% so far this year and 42.46% over the past 12 months.
Global X US Infrastructure Development ETF
- 1D
- 1.16%
- 1M
- 7.83%
- YTD
- 23.96%
- 6M
- 21.60%
- 1Y
- 42.46%
- 3Y*
- 26.32%
- 5Y*
- 19.28%
- 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%
PAVE Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 2017, PAVE's average daily return is +0.07%, while the average monthly return is +1.51%. At this rate, an investment would double in approximately 3.9 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2020 with a return of +16.4%, while the worst month was Mar 2020 at -21.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PAVE closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +13.0%, while the worst single day was Mar 18, 2020 at -13.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.19% | 8.55% | -7.77% | 11.77% | -0.85% | 5.20% | 23.96% | ||||||
| 2025 | 4.65% | -4.92% | -6.17% | 1.72% | 8.16% | 5.25% | 4.84% | 1.79% | 2.41% | 1.32% | 0.58% | -0.88% | 19.36% |
| 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% |
| 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% | 2.83% | 2.79% | -6.65% | 8.78% | -1.56% | 6.17% | 36.42% |
Benchmark Metrics
Global X US Infrastructure Development ETF has an annualized alpha of 2.95%, beta of 1.11, and R2 of 0.71 versus S&P 500 Index. Calculated based on daily prices since March 08, 2017.
- This ETF captured 126.09% of S&P 500 Index gains and 112.16% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF generated an annualized alpha of 2.95% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.11 and R2 of 0.71, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.95%
- Beta
- 1.11
- R²
- 0.71
- Upside Capture
- 126.09%
- Downside Capture
- 112.16%
Expense Ratio
PAVE has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAVE ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) 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.
| PAVE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.78 | +0.80 |
| Martin ratioReturn relative to average drawdown | 13.03 | 12.44 | +0.59 |
Dividends
Dividend History
Global X US Infrastructure Development ETF provided a 0.74% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.22 | $0.24 | $0.22 | $0.14 | $0.09 | $0.12 | $0.11 | $0.05 |
Dividend yield | 0.74% | 0.92% | 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.
| 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 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.44 |
| 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 |
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.08%Mar 2020 | 2mo 2d | 6mo 18d | 8mo 20dJan 2020 - Oct 2020 |
Rate-hike selloffLate 2018 | -27.83%Dec 2018 | 10mo 29d | 11mo 7d | 1y 10moJan 2018 - Nov 2019 |
2025 selloff2025 | -26.23%Apr 2025 | 4mo 13d | 3mo 16d | 7mo 29dNov 2024 - Jul 2025 |
Bear market2022 | -22.61%Jun 2022 | 5mo 19d | 7mo 12d | 1y 26dJan 2022 - Jan 2023 |
2023 correction2023 | -13.34%Oct 2023 | 1mo 22d | 1mo 17d | 3mo 9dSep 2023 - Dec 2023 |
Drawdown Indicators
| PAVE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.08% | -56.78% | +12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -9.10% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.23% | -18.90% | -7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -25.43% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -10.71% | +4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.03% | +1.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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