CPP.L vs. PAVE
CPP.L (CPPGroup plc) is a stock, while PAVE (Global X US Infrastructure Development ETF) is Industrials Equities fund tracking the INDXX U.S. Infrastructure Development Index. Over the past 5 years, CPP.L returned -45.45%/yr vs 17.99%/yr for PAVE. At a 0.03 correlation, their price movements are largely independent.
Performance
CPP.L vs. PAVE - Performance Comparison
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Different Trading Currencies
CPP.L is traded in GBp, while PAVE is traded in USD. To make them comparable, the PAVE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CPP.L achieves a -70.21% return, which is significantly lower than PAVE's 17.10% return.
CPP.L
- 1D
- -20.75%
- 1M
- -65.71%
- 6M
- -74.23%
- YTD
- -70.21%
- 1Y
- -82.72%
- 3Y*
- -51.54%
- 5Y*
- -45.45%
- 10Y*
- -28.56%
- ALL TIME*
- -34.95%
PAVE
- 1D
- -0.92%
- 1M
- -6.31%
- 6M
- 7.74%
- YTD
- 17.10%
- 1Y
- 23.54%
- 3Y*
- 19.54%
- 5Y*
- 17.99%
- 10Y*
- —
- ALL TIME*
- 14.70%
CPP.L vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPP.L CPPGroup plc | -70.21% | -36.49% | -26.97% | 38.18% | -67.98% | 25.60% | -17.86% | -45.47% | -49.14% | 10.53% |
PAVE Global X US Infrastructure Development ETF | 17.10% | 10.86% | 19.98% | 24.46% | 3.87% | 37.71% | 16.20% | 28.19% | -14.36% | 2.13% |
Correlation
The correlation between CPP.L and PAVE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2017 | 0.03 |
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Return for Risk
CPP.L vs. PAVE — Risk / Return Rank
CPP.L
PAVE
CPP.L vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CPPGroup plc (CPP.L) 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.
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.
| CPP.L | PAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.63 | 1.21 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.14 | -3.09 |
| Martin ratioReturn relative to average drawdown | -1.60 | 7.04 | -8.64 |
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Drawdowns
CPP.L vs. PAVE - Drawdown Comparison
The maximum CPP.L drawdown since its inception was -99.93%, which is greater than PAVE's maximum drawdown of -37.23%. Use the drawdown chart below to compare losses from any high point for CPP.L and PAVE.
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Drawdown Indicators
| CPP.L | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.93% | -37.23% | -62.70% |
Max Drawdown (1Y)Largest decline over 1 year | -87.04% | -11.06% | -75.98% |
Max Drawdown (3Y)Largest decline over 3 years | -88.74% | -27.59% | -61.15% |
Max Drawdown (5Y)Largest decline over 5 years | -95.48% | -27.59% | -67.89% |
Max Drawdown (10Y)Largest decline over 10 years | -98.61% | — | — |
Current DrawdownCurrent decline from peak | -99.93% | -8.63% | -91.30% |
Average DrawdownAverage peak-to-trough decline | -90.12% | -5.97% | -84.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.70% | 3.35% | +48.35% |
Volatility
CPP.L vs. PAVE - Volatility Comparison
CPPGroup plc (CPP.L) has a higher volatility of 61.06% compared to Global X US Infrastructure Development ETF (PAVE) at 6.18%. This indicates that CPP.L's price experiences larger fluctuations and is considered to be riskier than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPP.L | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.06% | 6.18% | +54.88% |
Volatility (6M)Calculated over the trailing 6-month period | 81.79% | 15.49% | +66.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.13% | 19.29% | +63.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.89% | 20.51% | +38.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.87% | 23.72% | +46.15% |
Dividends
CPP.L vs. PAVE - Dividend Comparison
CPP.L has not paid dividends to shareholders, while PAVE's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CPP.L CPPGroup plc | 0.00% | 0.00% | 0.00% | 0.00% | 6.82% | 8.45% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.77% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Frequently Asked Questions
CPP.L and PAVE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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