BALI vs. PAVE
Compare and contrast key facts about Blackrock Advantage Large Cap Income ETF (BALI) and Global X US Infrastructure Development ETF (PAVE).
BALI and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023. PAVE is a passively managed fund by Global X that tracks the performance of the INDXX U.S. Infrastructure Development Index. It was launched on Mar 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BALI or PAVE.
Key characteristics
| BALI | PAVE | |
|---|---|---|
| YTD Return | 24.73% | 30.55% |
| 1Y Return | 33.55% | 51.75% |
| Sharpe Ratio | 3.30 | 2.74 |
| Sortino Ratio | 4.40 | 3.75 |
| Omega Ratio | 1.63 | 1.48 |
| Calmar Ratio | 4.34 | 5.82 |
| Martin Ratio | 20.01 | 15.23 |
| Ulcer Index | 1.68% | 3.40% |
| Daily Std Dev | 10.17% | 18.92% |
| Max Drawdown | -7.74% | -44.08% |
| Current Drawdown | 0.00% | -0.73% |
Correlation
The correlation between BALI and PAVE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BALI vs. PAVE - Performance Comparison
In the year-to-date period, BALI achieves a 24.73% return, which is significantly lower than PAVE's 30.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BALI vs. PAVE - Expense Ratio Comparison
BALI has a 0.35% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
BALI vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Advantage Large Cap Income ETF (BALI) and Global X US Infrastructure Development ETF (PAVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BALI vs. PAVE - Dividend Comparison
BALI's dividend yield for the trailing twelve months is around 6.69%, more than PAVE's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BALI Blackrock Advantage Large Cap Income ETF | 6.69% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Drawdowns
BALI vs. PAVE - Drawdown Comparison
The maximum BALI drawdown since its inception was -7.74%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for BALI and PAVE. For additional features, visit the drawdowns tool.
Volatility
BALI vs. PAVE - Volatility Comparison
The current volatility for Blackrock Advantage Large Cap Income ETF (BALI) is 3.54%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.84%. This indicates that BALI experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.