BRIP.L vs. PAVG.L
BRIP.L (Global X European Infrastructure Development UCITS ETF EUR Accumulating) and PAVG.L (Global X U.S. Infrastructure Development UCITS ETF USD (Dist)) are both Industrials Equities funds from Global X - BRIP.L tracks the Mirae Asset European Infrastructure Development Index while PAVG.L tracks the Indxx U.S. Infrastructure Development v2 Index. Both are passively managed. Over the past year, BRIP.L returned 6.41% vs 25.44% for PAVG.L. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.47% expense ratio.
Performance
BRIP.L vs. PAVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, BRIP.L achieves a 2.46% return, which is significantly lower than PAVG.L's 16.20% return.
BRIP.L
- 1D
- 0.00%
- 1M
- -6.18%
- 6M
- -0.94%
- YTD
- 2.46%
- 1Y
- 6.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAVG.L
- 1D
- -0.05%
- 1M
- -4.39%
- 6M
- 8.66%
- YTD
- 16.20%
- 1Y
- 25.44%
- 3Y*
- 20.18%
- 5Y*
- —
- 10Y*
- —
BRIP.L vs. PAVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRIP.L Global X European Infrastructure Development UCITS ETF EUR Accumulating | 2.46% | 33.47% | -3.67% |
PAVG.L Global X U.S. Infrastructure Development UCITS ETF USD (Dist) | 16.20% | 12.40% | 15.57% |
Correlation
The correlation between BRIP.L and PAVG.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.41 |
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Return for Risk
BRIP.L vs. PAVG.L — Risk / Return Rank
BRIP.L
PAVG.L
BRIP.L vs. PAVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) and Global X U.S. Infrastructure Development UCITS ETF USD (Dist) (PAVG.L). 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.
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.
| BRIP.L | PAVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.50 | -1.88 |
| Martin ratioReturn relative to average drawdown | 1.54 | 8.02 | -6.47 |
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Drawdowns
BRIP.L vs. PAVG.L - Drawdown Comparison
The maximum BRIP.L drawdown since its inception was -10.38%, smaller than the maximum PAVG.L drawdown of -34.28%. Use the drawdown chart below to compare losses from any high point for BRIP.L and PAVG.L.
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Drawdown Indicators
| BRIP.L | PAVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.38% | -34.28% | +23.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -10.14% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.81% | — |
Current DrawdownCurrent decline from peak | -9.44% | -6.76% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -11.99% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.17% | +0.99% |
Volatility
BRIP.L vs. PAVG.L - Volatility Comparison
The current volatility for Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) is 5.13%, while Global X U.S. Infrastructure Development UCITS ETF USD (Dist) (PAVG.L) has a volatility of 5.51%. This indicates that BRIP.L experiences smaller price fluctuations and is considered to be less risky than PAVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIP.L | PAVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.51% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 13.74% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 17.28% | -1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 23.19% | -7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 23.19% | -7.98% |
BRIP.L vs. PAVG.L - Expense Ratio Comparison
Both BRIP.L and PAVG.L have an expense ratio of 0.47%.
Dividends
BRIP.L vs. PAVG.L - Dividend Comparison
BRIP.L has not paid dividends to shareholders, while PAVG.L's dividend yield for the trailing twelve months is around 0.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BRIP.L Global X European Infrastructure Development UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVG.L Global X U.S. Infrastructure Development UCITS ETF USD (Dist) | 0.21% | 0.43% | 0.41% | 0.31% | 0.58% |
Frequently Asked Questions
BRIP.L and PAVG.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.47% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BRIP.L and PAVG.L have the same expense ratio: 0.47% per year.
BRIP.L tracks Mirae Asset European Infrastructure Development Index, while PAVG.L tracks Indxx U.S. Infrastructure Development v2 Index.
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