- Issuer
- Global X
- Inception Date
- Nov 2, 2021
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Global X U.S. Infrastructure Development UCITS ETF USD Dis
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
PAVG.L Performance Chart
Global X U.S. Infrastructure Development UCITS ETF USD Dis (PAVG.L) is up 15.2% since the beginning of the year. PAVG.L is currently trading at £38 per share.
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Returns By Period
Global X U.S. Infrastructure Development UCITS ETF USD Dis (PAVG.L) has returned 15.20% so far this year and 24.73% over the past 12 months.
Global X U.S. Infrastructure Development UCITS ETF USD Dis
- 1D
- -1.72%
- 1M
- -3.88%
- 6M
- 10.56%
- YTD
- 15.20%
- 1Y
- 24.73%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
PAVG.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 2021, PAVG.L's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jul 2022 with a return of +14.0%, while the worst month was Nov 2021 at -25.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PAVG.L closed higher 53% of trading days. The best single day was Nov 6, 2024 with a return of +8.0%, while the worst single day was Nov 4, 2021 at -25.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.98% | 10.73% | -7.20% | 9.29% | 1.21% | 5.71% | -5.99% | 15.20% | |||||
| 2025 | 6.11% | -7.55% | -9.00% | -1.55% | 8.16% | 3.67% | 8.26% | -0.35% | 2.36% | 4.55% | -0.24% | -0.96% | 12.40% |
| 2024 | 0.21% | 9.16% | 5.89% | -4.13% | -1.05% | -1.43% | 5.81% | -4.79% | 3.18% | 4.69% | 12.73% | -10.08% | 19.47% |
| 2023 | 5.13% | 4.79% | -5.79% | -4.13% | 0.35% | 12.48% | 1.90% | 1.75% | -1.98% | -5.43% | 4.82% | 10.08% | 24.53% |
| 2022 | -8.65% | 3.74% | 8.58% | -1.86% | -4.77% | -7.89% | 14.02% | 3.55% | -5.17% | 7.70% | 1.26% | -3.26% | 4.64% |
| 2021 | -25.61% | 1.90% | -24.19% |
Benchmark Metrics
Global X U.S. Infrastructure Development UCITS ETF USD Dis has an annualized alpha of 7.59%, beta of 0.47, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since November 02, 2021.
- This ETF participated in 110.30% of S&P 500 Index downside but only 106.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.47 may look defensive, but with R2 of 0.11 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 0.11 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
- 7.59%
- Beta
- 0.47
- R²
- 0.11
- Upside Capture
- 106.31%
- Downside Capture
- 110.30%
Expense Ratio
PAVG.L has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PAVG.L ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X U.S. Infrastructure Development UCITS ETF USD Dis (PAVG.L) 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.
| PAVG.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.50 | +0.21 |
| Martin ratioReturn relative to average drawdown | 8.77 | 9.11 | -0.34 |
Dividends
Dividend History
Global X U.S. Infrastructure Development UCITS ETF USD Dis provided a 0.39% dividend yield over the last twelve months, with an annual payout of £0.15 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | £0.15 | £0.14 | £0.12 | £0.08 | £0.12 |
Dividend yield | 0.39% | 0.43% | 0.41% | 0.31% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X U.S. Infrastructure Development UCITS ETF USD Dis. 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 | £0.07 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.07 | |||||
| 2025 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.14 |
| 2024 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.12 |
| 2023 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.08 |
| 2022 | £0.04 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.07 | £0.12 |
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 Dis. 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 Dis was 34.28%, occurring on Jun 22, 2022. Recovery took 408 trading sessions.
The current Global X U.S. Infrastructure Development UCITS ETF USD Dis drawdown is 7.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.28%Jun 2022 | 7mo 20d | 1y 7mo | 2y 3moNov 2021 - Feb 2024 | Bear market2022 |
-28.81%Apr 2025 | 4mo 12d | 6mo 20d | 11mo 2dNov 2024 - Oct 2025 | 2025 selloff2025 |
-10.75%Sep 2024 | 5mo 7d | 1mo 4d | 6mo 11dApr 2024 - Oct 2024 | — |
-10.14%Mar 2026 | 17d | 1mo 4d | 1mo 21dMar 2026 - Apr 2026 | — |
-7.75%Jul 2026 | 20d | — | 20dJun 2026 - now | — |
Drawdown Indicators
| PAVG.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -37.07% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -8.03% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -28.81% | -22.15% | -6.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -7.75% | -1.42% | -6.33% |
Average DrawdownAverage peak-to-trough decline | -11.99% | -5.29% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.20% | +0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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