Correlation
The correlation between FNSTX and PAVE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FNSTX vs. PAVE
Compare and contrast key facts about Fidelity Infrastructure Fund (FNSTX) and Global X US Infrastructure Development ETF (PAVE).
FNSTX is managed by Fidelity. It was launched on Nov 5, 2019. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSTX or PAVE.
Performance
FNSTX vs. PAVE - Performance Comparison
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Key characteristics
FNSTX:
1.43
PAVE:
0.35
FNSTX:
1.84
PAVE:
0.65
FNSTX:
1.27
PAVE:
1.08
FNSTX:
2.36
PAVE:
0.31
FNSTX:
8.40
PAVE:
0.85
FNSTX:
2.36%
PAVE:
9.50%
FNSTX:
14.15%
PAVE:
24.93%
FNSTX:
-35.82%
PAVE:
-44.08%
FNSTX:
-0.27%
PAVE:
-9.36%
Returns By Period
In the year-to-date period, FNSTX achieves a 9.11% return, which is significantly higher than PAVE's 2.72% return.
FNSTX
9.11%
1.98%
2.61%
20.01%
7.54%
9.64%
N/A
PAVE
2.72%
8.16%
-8.92%
8.65%
17.98%
23.86%
N/A
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FNSTX vs. PAVE - Expense Ratio Comparison
FNSTX has a 1.00% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
FNSTX vs. PAVE — Risk-Adjusted Performance Rank
FNSTX
PAVE
FNSTX vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Infrastructure Fund (FNSTX) 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.
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Dividends
FNSTX vs. PAVE - Dividend Comparison
FNSTX's dividend yield for the trailing twelve months is around 1.36%, more than PAVE's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FNSTX Fidelity Infrastructure Fund | 1.36% | 1.59% | 1.85% | 1.35% | 0.63% | 0.80% | 0.36% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Drawdowns
FNSTX vs. PAVE - Drawdown Comparison
The maximum FNSTX drawdown since its inception was -35.82%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for FNSTX and PAVE.
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Volatility
FNSTX vs. PAVE - Volatility Comparison
The current volatility for Fidelity Infrastructure Fund (FNSTX) is 3.39%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 5.80%. This indicates that FNSTX experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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