BRAZ vs. PAVE
Compare and contrast key facts about Global X Brazil Active ETF (BRAZ) and Global X US Infrastructure Development ETF (PAVE).
BRAZ and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRAZ is a passively managed fund by Global X that tracks the performance of the Solactive Brazil Mid Cap Index. It was launched on Aug 16, 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. Both BRAZ and PAVE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BRAZ or PAVE.
Correlation
The correlation between BRAZ and PAVE is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BRAZ vs. PAVE - Performance Comparison
Key characteristics
BRAZ:
-0.59
PAVE:
0.94
BRAZ:
-0.69
PAVE:
1.43
BRAZ:
0.92
PAVE:
1.18
BRAZ:
-0.41
PAVE:
1.43
BRAZ:
-0.92
PAVE:
3.54
BRAZ:
13.97%
PAVE:
5.06%
BRAZ:
21.63%
PAVE:
19.15%
BRAZ:
-31.02%
PAVE:
-44.08%
BRAZ:
-20.01%
PAVE:
-7.54%
Returns By Period
In the year-to-date period, BRAZ achieves a 14.81% return, which is significantly higher than PAVE's 4.78% return.
BRAZ
14.81%
8.60%
-11.76%
-14.38%
N/A
N/A
PAVE
4.78%
-1.28%
11.45%
16.97%
19.74%
N/A
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BRAZ vs. PAVE - Expense Ratio Comparison
BRAZ has a 0.75% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
BRAZ vs. PAVE — Risk-Adjusted Performance Rank
BRAZ
PAVE
BRAZ vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Brazil Active ETF (BRAZ) 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
BRAZ vs. PAVE - Dividend Comparison
BRAZ's dividend yield for the trailing twelve months is around 3.62%, more than PAVE's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BRAZ Global X Brazil Active ETF | 3.62% | 4.15% | 1.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.52% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Drawdowns
BRAZ vs. PAVE - Drawdown Comparison
The maximum BRAZ drawdown since its inception was -31.02%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for BRAZ and PAVE. For additional features, visit the drawdowns tool.
Volatility
BRAZ vs. PAVE - Volatility Comparison
Global X Brazil Active ETF (BRAZ) and Global X US Infrastructure Development ETF (PAVE) have volatilities of 5.59% and 5.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.