EART vs. PAVE

Last updated Jun 3, 2026

EART (Global X Rare Earth & Critical Materials ETF) and PAVE (Global X US Infrastructure Development ETF) are both exchange-traded funds - EART is a Materials fund tracking the Solactive Rare Earth & Critical Materials Index, while PAVE is a Utilities Equities fund tracking the INDXX U.S. Infrastructure Development Index. Both are passively managed. Over the past 3 years, EART returned 22.50%/yr vs 26.48%/yr for PAVE. A 0.51 correlation means they provide meaningful diversification when combined. EART charges 0.59%/yr vs 0.47%/yr for PAVE.

Performance

EART vs. PAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Rare Earth & Critical Materials ETF (EART) and Global X US Infrastructure Development ETF (PAVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EART having a 19.82% return and PAVE slightly lower at 19.04%.

EART

• 1D: 2.27%
• 1M: 2.73%
• YTD: 19.82%
• 6M: 32.37%
• 1Y: 123.88%
• 3Y*: 22.50%
• 5Y*: —
• 10Y*: —

PAVE

• 1D: 1.63%
• 1M: 0.35%
• YTD: 19.04%
• 6M: 19.47%
• 1Y: 38.20%
• 3Y*: 26.48%
• 5Y*: 17.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EART vs. PAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EART Global X Rare Earth & Critical Materials ETF	19.82%	98.48%	-7.19%	-19.75%	-16.33%
PAVE Global X US Infrastructure Development ETF	19.04%	19.36%	17.92%	31.01%	3.43%

Correlation

The correlation between EART and PAVE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022	0.51

The correlation between EART and PAVE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

EART vs. PAVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EART

EART Risk / Return Rank: 81
EART Sharpe Ratio Rank: 91
EART Sortino Ratio Rank: 73
EART Omega Ratio Rank: 77
EART Calmar Ratio Rank: 85
EART Martin Ratio Rank: 77

PAVE

PAVE Risk / Return Rank: 61
PAVE Sharpe Ratio Rank: 60
PAVE Sortino Ratio Rank: 61
PAVE Omega Ratio Rank: 55
PAVE Calmar Ratio Rank: 64
PAVE Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EART vs. PAVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Rare Earth & Critical Materials ETF (EART) 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.

	EART	PAVE	Difference
Sharpe ratio Return per unit of total volatility	3.29	2.04	+1.25
Sortino ratio Return per unit of downside risk	3.36	2.88	+0.49
Omega ratio Gain probability vs. loss probability	1.46	1.34	+0.12
Calmar ratio Return relative to maximum drawdown	4.78	3.22	+1.56
Martin ratio Return relative to average drawdown	15.25	11.84	+3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EART vs. PAVE - Sharpe Ratio Comparison

The current EART Sharpe Ratio is 3.29, which is higher than the PAVE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of EART and PAVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EART	PAVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.29	2.04	+1.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.68	-0.40

Drawdowns

EART vs. PAVE - Drawdown Comparison

The maximum EART drawdown since its inception was -53.68%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for EART and PAVE.

Drawdown Indicators

	EART	PAVE	Difference
Max Drawdown Largest peak-to-trough decline	-53.68%	-44.08%	-9.60%
Max Drawdown (1Y) Largest decline over 1 year	-26.03%	-11.91%	-14.12%
Max Drawdown (3Y) Largest decline over 3 years	-37.20%	-26.23%	-10.97%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.23%	—
Current Drawdown Current decline from peak	-9.24%	-2.50%	-6.74%
Average Drawdown Average peak-to-trough decline	-29.17%	-6.24%	-22.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.16%	3.24%	+4.92%

Volatility

EART vs. PAVE - Volatility Comparison

Global X Rare Earth & Critical Materials ETF (EART) has a higher volatility of 11.15% compared to Global X US Infrastructure Development ETF (PAVE) at 6.46%. This indicates that EART'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.

Volatility by Period

	EART	PAVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	6.46%	+4.69%
Volatility (6M) Calculated over the trailing 6-month period	31.31%	15.22%	+16.09%
Volatility (1Y) Calculated over the trailing 1-year period	37.89%	18.84%	+19.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.98%	21.60%	+12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.98%	24.39%	+9.59%

EART vs. PAVE - Expense Ratio Comparison

EART has a 0.59% expense ratio, which is higher than PAVE's 0.47% expense ratio.

Dividends

EART vs. PAVE - Dividend Comparison

EART's dividend yield for the trailing twelve months is around 0.54%, less than PAVE's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EART Global X Rare Earth & Critical Materials ETF	0.54%	0.65%	1.06%	1.83%	2.04%	0.00%	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

Can I hold both EART and PAVE in my portfolio?

EART and PAVE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EART or PAVE?

EART has higher volatility (11.15%) compared to PAVE (6.46%). In terms of maximum drawdown, EART dropped -53.68% vs PAVE's -44.08%.

Which ETF is better, EART or PAVE?

On 3-year performance, PAVE leads with 26.48% vs 22.50% for EART. On fees, PAVE is cheaper at 0.47% per year. On volatility, PAVE has been the lower-risk option at 6.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EART or PAVE?

Over the 3-year period, PAVE has performed better with a 26.48% return vs 22.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EART or PAVE?

PAVE is cheaper with a 0.47% expense ratio, compared with 0.59% for EART.

Which ETF pays a higher dividend yield, EART or PAVE?

PAVE has the higher dividend yield at 0.77%, compared with 0.54% for EART.

What is the main difference between EART and PAVE?

EART is categorized as Materials, while PAVE is Utilities Equities. EART tracks Solactive Rare Earth & Critical Materials Index, while PAVE tracks INDXX U.S. Infrastructure Development Index. Their fees differ too: 0.59% for EART and 0.47% for PAVE.

Which has better risk-adjusted returns?

EART currently has the higher Sharpe Ratio (3.29 vs 2.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.