EART vs. PAVE

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Rare Earth & Critical Materials ETF (EART) and Global X US Infrastructure Development ETF (PAVE).

EART and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EART is a passively managed fund by Global X that tracks the performance of the Solactive Rare Earth & Critical Materials Index. It was launched on Jan 24, 2022. 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 EART 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.

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.

EART vs. PAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EART Global X Rare Earth & Critical Materials ETF	7.49%	98.48%	-7.19%	-19.75%	-16.33%
PAVE Global X US Infrastructure Development ETF	6.32%	19.36%	17.92%	31.01%	3.43%

Returns By Period

In the year-to-date period, EART achieves a 7.49% return, which is significantly higher than PAVE's 6.32% return.

EART

• 1D: 4.60%
• 1M: -18.58%
• YTD: 7.49%
• 6M: 23.42%
• 1Y: 108.62%
• 3Y*: 16.79%
• 5Y*: —
• 10Y*: —

PAVE

• 1D: 3.29%
• 1M: -7.77%
• YTD: 6.32%
• 6M: 7.40%
• 1Y: 35.92%
• 3Y*: 22.36%
• 5Y*: 15.85%
• 10Y*: —

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

EART vs. PAVE - Expense Ratio Comparison

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

EART

Global X Rare Earth & Critical Materials ETF

PAVE

Global X US Infrastructure Development ETF

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: 94
EART Sharpe Ratio Rank: 97
EART Sortino Ratio Rank: 94
EART Omega Ratio Rank: 93
EART Calmar Ratio Rank: 94
EART Martin Ratio Rank: 94

PAVE

PAVE Risk / Return Rank: 87
PAVE Sharpe Ratio Rank: 84
PAVE Sortino Ratio Rank: 87
PAVE Omega Ratio Rank: 82
PAVE Calmar Ratio Rank: 90
PAVE Martin Ratio Rank: 89

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	2.76	1.61	+1.15
Sortino ratio Return per unit of downside risk	3.00	2.30	+0.70
Omega ratio Gain probability vs. loss probability	1.43	1.31	+0.12
Calmar ratio Return relative to maximum drawdown	3.78	2.90	+0.89
Martin ratio Return relative to average drawdown	14.28	10.73	+3.56
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 2.76, which is higher than the PAVE Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of EART and PAVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EART	PAVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	1.61	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.63	-0.42

Correlation

The correlation between EART and PAVE is 0.51, 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.

Dividends

EART vs. PAVE - Dividend Comparison

EART's dividend yield for the trailing twelve months is around 0.60%, less than PAVE's 0.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EART Global X Rare Earth & Critical Materials ETF	0.60%	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	0.86%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%

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%	-12.56%	-13.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.23%	—
Current Drawdown Current decline from peak	-18.58%	-8.70%	-9.88%
Average Drawdown Average peak-to-trough decline	-29.89%	-6.30%	-23.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.89%	3.39%	+3.50%

Volatility

EART vs. PAVE - Volatility Comparison

Global X Rare Earth & Critical Materials ETF (EART) has a higher volatility of 17.00% compared to Global X US Infrastructure Development ETF (PAVE) at 7.74%. 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	17.00%	7.74%	+9.26%
Volatility (6M) Calculated over the trailing 6-month period	32.26%	13.97%	+18.29%
Volatility (1Y) Calculated over the trailing 1-year period	39.95%	22.40%	+17.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.89%	21.42%	+12.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.89%	24.41%	+9.48%