- ISIN
- IE00BLCHJ534
- Issuer
- Global X
- Inception Date
- Nov 2, 2021
- Region
- North America (United States)
- Category
- Industrials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Indxx U.S. Infrastructure Development v2 Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PAVE.L Performance Chart
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating (PAVE.L) is up 16.3% since the beginning of the year. PAVE.L is currently trading at $53 per share.
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Returns By Period
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating (PAVE.L) has returned 16.31% so far this year and 32.91% over the past 12 months.
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating
- 1D
- -0.68%
- 1M
- -1.03%
- YTD
- 16.31%
- 6M
- 16.78%
- 1Y
- 32.91%
- 3Y*
- 25.13%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.26%
- 1M
- -0.17%
- YTD
- 7.91%
- 6M
- 7.98%
- 1Y
- 22.99%
- 3Y*
- 19.77%
- 5Y*
- 11.75%
- 10Y*
- 13.42%
PAVE.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2021, PAVE.L'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, 63% of months were positive and 38% were negative. The best month was Jun 2023 with a return of +15.7%, while the worst month was Jun 2022 at -11.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PAVE.L closed higher 52% of trading days. The best single day was Nov 6, 2024 with a return of +6.6%, while the worst single day was Mar 15, 2023 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.31% | 8.54% | -8.82% | 13.02% | 0.04% | -0.34% | 16.31% | ||||||
| 2025 | 5.06% | -6.55% | -6.66% | 1.50% | 9.48% | 5.96% | 4.05% | 1.82% | 1.78% | 2.09% | 0.54% | 0.33% | 19.81% |
| 2024 | 0.09% | 8.52% | 5.67% | -4.65% | 0.29% | -1.76% | 6.95% | -2.36% | 5.41% | 0.55% | 10.76% | -10.75% | 17.96% |
| 2023 | 7.44% | 3.14% | -3.87% | -2.52% | -1.32% | 15.66% | 3.09% | 0.34% | -5.77% | -5.91% | 9.45% | 10.57% | 31.55% |
| 2022 | -8.79% | 3.51% | 6.51% | -6.37% | -4.41% | -11.20% | 14.65% | -1.55% | -8.43% | 10.50% | 5.01% | -2.28% | -6.33% |
| 2021 | -1.44% | 3.53% | 2.03% |
Benchmark Metrics
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating has an annualized alpha of 12.77%, beta of 0.55, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since November 02, 2021.
- This ETF captured 122.31% of S&P 500 Index gains but only 96.91% of its losses - a favorable profile for investors.
- Beta of 0.55 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 12.77%
- Beta
- 0.55
- R²
- 0.19
- Upside Capture
- 122.31%
- Downside Capture
- 96.91%
Expense Ratio
PAVE.L has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAVE.L ranks 63 for risk / return — better than 63% 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 U.S. Infrastructure Development UCITS ETF USD Accumulating (PAVE.L) and compare them to S&P 500 Index.
| PAVE.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.54 | +0.25 |
| Martin ratioReturn relative to average drawdown | 9.96 | 11.58 | -1.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
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 U.S. Infrastructure Development UCITS ETF USD Accumulating. 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 U.S. Infrastructure Development UCITS ETF USD Accumulating was 27.10%, occurring on Apr 7, 2025. Recovery took 73 trading sessions.
The current Global X U.S. Infrastructure Development UCITS ETF USD Accumulating drawdown is 3.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -27.10%Apr 2025 | 4mo 12d | 3mo 17d | 7mo 29dNov 2024 - Jul 2025 |
Bear market2022 | -23.67%Jul 2022 | 6mo | 7mo 2d | 1y 27dJan 2022 - Feb 2023 |
2023 correction2023 | -12.88%Oct 2023 | 1mo 26d | 1mo 15d | 3mo 11dSep 2023 - Dec 2023 |
2026 correction2026 | -11.77%Mar 2026 | 1mo 6d | 1mo 4d | 2mo 10dFeb 2026 - Apr 2026 |
2023 correction2023 | -11.25%Mar 2023 | 8d | 3mo | 3mo 8dMar 2023 - Jun 2023 |
Drawdown Indicators
| PAVE.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.10% | -56.78% | +29.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -9.10% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -27.10% | -18.90% | -8.20% |
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 | -3.38% | -2.93% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -10.72% | +4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.99% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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