IPAV vs. XLII

Last updated Jun 23, 2026

IPAV (Global X Infrastructure Development ex-U.S. ETF) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - IPAV is a Industrials Equities fund tracking the Global X Infrastructure Development ex-U.S. Index, while XLII is a Derivative Income fund actively managed by State Street. IPAV is passively managed, while XLII is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. IPAV charges 0.55%/yr vs 0.35%/yr for XLII.

Performance

IPAV vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Infrastructure Development ex-U.S. ETF (IPAV) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPAV achieves a 14.68% return, which is significantly higher than XLII's 11.30% return.

IPAV

• 1D: 1.05%
• 1M: 0.99%
• YTD: 14.68%
• 6M: 15.91%
• 1Y: 31.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLII

• 1D: 0.39%
• 1M: 5.51%
• YTD: 11.30%
• 6M: 10.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IPAV vs. XLII - Yearly Performance Comparison

	2026 (YTD)	2025
IPAV Global X Infrastructure Development ex-U.S. ETF	14.68%	8.23%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	11.30%	6.30%

Correlation

The correlation between IPAV and XLII is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.64

IPAV vs. XLII - Sectors Allocation Comparison

Sectors	IPAV	XLII
Industrials	45.9%	93.8%
Basic Materials	30.5%	-
Communication Services	4.2%	-
Energy	1.0%	-
Utilities	0.7%	-
Real Estate	0.3%	-
Consumer Cyclical	0.1%	0.3%
Technology	0.1%	5.9%
Consumer Defensive	-	-
Financial Services	-	100.8%
Healthcare	-	-

Return for Risk

IPAV vs. XLII — Risk / Return Rank

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

IPAV

IPAV Risk / Return Rank: 51
IPAV Sharpe Ratio Rank: 54
IPAV Sortino Ratio Rank: 56
IPAV Omega Ratio Rank: 53
IPAV Calmar Ratio Rank: 45
IPAV Martin Ratio Rank: 47

XLII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IPAV vs. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Infrastructure Development ex-U.S. ETF (IPAV) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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.

	IPAV	XLII	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.18	—	—
Martin ratio: Return relative to average drawdown	7.58	—	—

Drawdowns

IPAV vs. XLII - Drawdown Comparison

The maximum IPAV drawdown since its inception was -14.59%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for IPAV and XLII.

Drawdown Indicators

	IPAV	XLII	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-10.10%	-4.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	—	—
Current Drawdown Current decline from peak	-4.30%	0.00%	-4.30%
Average Drawdown Average peak-to-trough decline	-3.59%	-1.30%	-2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	—	—

Volatility

Volatility by Period

	IPAV	XLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	12.12%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	12.12%	+5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	12.12%	+5.80%

IPAV vs. XLII - Expense Ratio Comparison

IPAV has a 0.55% expense ratio, which is higher than XLII's 0.35% expense ratio.

Dividends

IPAV vs. XLII - Dividend Comparison

IPAV's dividend yield for the trailing twelve months is around 1.12%, less than XLII's 10.82% yield.

Position	TTM	2025	2024
IPAV Global X Infrastructure Development ex-U.S. ETF	1.12%	1.29%	0.31%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	10.82%	5.47%	0.00%

Frequently Asked Questions

Can I hold both IPAV and XLII in my portfolio?

IPAV and XLII have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IPAV or XLII?

On fees, XLII is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPAV or XLII?

XLII is cheaper with a 0.35% expense ratio, compared with 0.55% for IPAV.

Which ETF pays a higher dividend yield, IPAV or XLII?

XLII has the higher dividend yield at 10.82%, compared with 1.12% for IPAV.

What is the main difference between IPAV and XLII?

IPAV is categorized as Industrials Equities, while XLII is Derivative Income. They also come from different issuers: Global X and State Street. Their fees differ too: 0.55% for IPAV and 0.35% for XLII.