ITRI vs. PAVE
ITRI (Itron, Inc.) is a stock, while PAVE (Global X US Infrastructure Development ETF) is Industrials Equities fund tracking the INDXX U.S. Infrastructure Development Index. Over the past 5 years, ITRI returned -4.02%/yr vs 18.54%/yr for PAVE. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ITRI vs. PAVE - Performance Comparison
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Returns By Period
In the year-to-date period, ITRI achieves a -12.12% return, which is significantly lower than PAVE's 22.22% return.
ITRI
- 1D
- 0.63%
- 1M
- -1.70%
- YTD
- -12.12%
- 6M
- -14.92%
- 1Y
- -37.46%
- 3Y*
- 6.20%
- 5Y*
- -4.02%
- 10Y*
- 6.88%
PAVE
- 1D
- 1.04%
- 1M
- 6.32%
- YTD
- 22.22%
- 6M
- 19.45%
- 1Y
- 36.66%
- 3Y*
- 25.73%
- 5Y*
- 18.54%
- 10Y*
- —
ITRI vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITRI Itron, Inc. | -12.12% | -14.48% | 43.80% | 49.08% | -26.08% | -28.55% | 14.23% | 77.52% | -30.66% | 15.30% |
PAVE Global X US Infrastructure Development ETF | 22.22% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -19.15% | 13.41% |
Correlation
The correlation between ITRI and PAVE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2017 | 0.63 |
The correlation between ITRI and PAVE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
ITRI vs. PAVE — Risk / Return Rank
ITRI
PAVE
ITRI vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Itron, Inc. (ITRI) 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.
| ITRI | PAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 3.09 | -3.95 |
| Martin ratioReturn relative to average drawdown | -1.38 | 11.23 | -12.61 |
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Drawdowns
ITRI vs. PAVE - Drawdown Comparison
The maximum ITRI drawdown since its inception was -94.36%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for ITRI and PAVE.
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Drawdown Indicators
| ITRI | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -44.08% | -50.28% |
Max Drawdown (1Y)Largest decline over 1 year | -43.64% | -11.91% | -31.73% |
Max Drawdown (3Y)Largest decline over 3 years | -43.64% | -26.23% | -17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -58.57% | -26.23% | -32.34% |
Max Drawdown (10Y)Largest decline over 10 years | -65.26% | — | — |
Current DrawdownCurrent decline from peak | -41.04% | -1.40% | -39.64% |
Average DrawdownAverage peak-to-trough decline | -46.57% | -6.21% | -40.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.19% | 3.27% | +23.92% |
Volatility
ITRI vs. PAVE - Volatility Comparison
Itron, Inc. (ITRI) has a higher volatility of 7.63% compared to Global X US Infrastructure Development ETF (PAVE) at 7.04%. This indicates that ITRI'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
| ITRI | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 7.04% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 25.84% | 15.92% | +9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.76% | 19.60% | +20.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.80% | 21.66% | +21.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.26% | 24.39% | +18.87% |
Dividends
ITRI vs. PAVE - Dividend Comparison
ITRI 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 |
|---|---|---|---|---|---|---|---|---|---|---|
ITRI Itron, 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
ITRI and PAVE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITRI has higher volatility (7.63%) compared to PAVE (7.04%). In terms of maximum drawdown, ITRI dropped -94.36% vs PAVE's -44.08%.
PAVE currently has the higher Sharpe Ratio (1.88 vs -0.95), 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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