GII vs. PAVE
Compare and contrast key facts about SPDR S&P Global Infrastructure ETF (GII) and Global X US Infrastructure Development ETF (PAVE).
GII and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GII is a passively managed fund by State Street that tracks the performance of the S&P Global Infrastructure. It was launched on Jan 25, 2007. 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 GII 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GII or PAVE.
Key characteristics
| GII | PAVE | |
|---|---|---|
| YTD Return | 14.98% | 30.17% |
| 1Y Return | 23.32% | 44.61% |
| 3Y Return (Ann) | 7.36% | 16.61% |
| 5Y Return (Ann) | 5.80% | 21.58% |
| Sharpe Ratio | 2.23 | 2.60 |
| Sortino Ratio | 3.10 | 3.58 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 2.57 | 5.72 |
| Martin Ratio | 12.46 | 14.50 |
| Ulcer Index | 2.15% | 3.40% |
| Daily Std Dev | 12.02% | 18.95% |
| Max Drawdown | -50.97% | -44.08% |
| Current Drawdown | -3.77% | -1.56% |
Correlation
The correlation between GII and PAVE is 0.62, 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.
Performance
GII vs. PAVE - Performance Comparison
In the year-to-date period, GII achieves a 14.98% return, which is significantly lower than PAVE's 30.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GII vs. PAVE - Expense Ratio Comparison
GII has a 0.40% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
GII vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Infrastructure ETF (GII) 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.
Dividends
GII vs. PAVE - Dividend Comparison
GII's dividend yield for the trailing twelve months is around 3.41%, more than PAVE's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GII SPDR S&P Global Infrastructure ETF | 3.41% | 3.70% | 3.07% | 3.88% | 2.66% | 3.39% | 3.31% | 3.38% | 3.11% | 3.54% | 3.12% | 4.12% |
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GII vs. PAVE - Drawdown Comparison
The maximum GII drawdown since its inception was -50.97%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for GII and PAVE. For additional features, visit the drawdowns tool.
Volatility
GII vs. PAVE - Volatility Comparison
The current volatility for SPDR S&P Global Infrastructure ETF (GII) is 3.70%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.81%. This indicates that GII 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.