GRAL vs. PAVE
GRAL (GRAIL, Inc) is a stock, while PAVE (Global X US Infrastructure Development ETF) is Infrastructure Equities fund tracking the INDXX U.S. Infrastructure Development Index. Over the past year, GRAL returned 114.30% vs 28.93% for PAVE. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
GRAL vs. PAVE - Performance Comparison
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Returns By Period
In the year-to-date period, GRAL achieves a -17.90% return, which is significantly lower than PAVE's 20.61% return.
GRAL
- 1D
- 2.49%
- 1M
- 1.68%
- 6M
- -32.22%
- YTD
- -17.90%
- 1Y
- 114.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 87.87%
PAVE
- 1D
- 2.09%
- 1M
- 0.68%
- 6M
- 12.05%
- YTD
- 20.61%
- 1Y
- 28.93%
- 3Y*
- 22.43%
- 5Y*
- 17.87%
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRAL GRAIL, Inc | $34.34M | $35.18M | $43.99M |
| $108.51M | $123.53M | $109.57M |
GRAL vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GRAL GRAIL, Inc | -17.90% | 379.50% | -4.19% |
PAVE Global X US Infrastructure Development ETF | 20.61% | 19.36% | 8.33% |
Correlation
The correlation between GRAL and PAVE is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024 | 0.36 |
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Return for Risk
GRAL vs. PAVE — Risk / Return Rank
GRAL
PAVE
GRAL vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GRAIL, Inc (GRAL) 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.
| GRAL | PAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.44 | -0.61 |
| Martin ratioReturn relative to average drawdown | 3.35 | 8.00 | -4.65 |
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Drawdowns
GRAL vs. PAVE - Drawdown Comparison
The maximum GRAL drawdown since its inception was -62.92%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for GRAL and PAVE.
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Drawdown Indicators
| GRAL | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.92% | -44.08% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -62.92% | -11.91% | -51.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.23% | — |
Current DrawdownCurrent decline from peak | -39.45% | -3.92% | -35.53% |
Average DrawdownAverage peak-to-trough decline | -28.37% | -6.19% | -22.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.20% | 3.62% | +30.58% |
Volatility
GRAL vs. PAVE - Volatility Comparison
GRAIL, Inc (GRAL) has a higher volatility of 19.29% compared to Global X US Infrastructure Development ETF (PAVE) at 6.40%. This indicates that GRAL'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
| GRAL | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.29% | 6.40% | +12.89% |
Volatility (6M)Calculated over the trailing 6-month period | 89.28% | 16.70% | +72.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.40% | 20.47% | +77.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.95% | 21.72% | +82.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.95% | 24.37% | +79.58% |
Dividends
GRAL vs. PAVE - Dividend Comparison
GRAL has not paid dividends to shareholders, while PAVE's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GRAL GRAIL, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.75% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Frequently Asked Questions
GRAL and PAVE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRAL has higher volatility (19.29%) compared to PAVE (6.40%). In terms of maximum drawdown, GRAL dropped -62.92% vs PAVE's -44.08%.
PAVE currently has the higher Sharpe Ratio (1.42 vs 1.17), 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.
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