MC vs. PAVE
MC (Moelis & Company) 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, MC returned 9.61%/yr vs 18.34%/yr for PAVE. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
MC vs. PAVE - Performance Comparison
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Returns By Period
In the year-to-date period, MC achieves a -0.11% return, which is significantly lower than PAVE's 20.97% return.
MC
- 1D
- 0.55%
- 1M
- 2.36%
- YTD
- -0.11%
- 6M
- -2.45%
- 1Y
- 17.65%
- 3Y*
- 21.86%
- 5Y*
- 9.61%
- 10Y*
- 18.99%
PAVE
- 1D
- -2.41%
- 1M
- 5.22%
- YTD
- 20.97%
- 6M
- 18.41%
- 1Y
- 37.00%
- 3Y*
- 25.30%
- 5Y*
- 18.34%
- 10Y*
- —
MC vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MC Moelis & Company | -0.11% | -3.13% | 37.14% | 54.90% | -35.18% | 49.03% | 62.83% | 0.80% | -22.52% | 35.20% |
PAVE Global X US Infrastructure Development ETF | 20.97% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -19.15% | 13.41% |
Correlation
The correlation between MC and PAVE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2017 | 0.60 |
The correlation between MC and PAVE shifts across timeframes, from 0.53 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MC vs. PAVE — Risk / Return Rank
MC
PAVE
MC vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Moelis & Company (MC) 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.
| MC | PAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.32 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 3.12 | -2.59 |
| Martin ratioReturn relative to average drawdown | 1.26 | 11.34 | -10.08 |
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Drawdowns
MC vs. PAVE - Drawdown Comparison
The maximum MC drawdown since its inception was -58.26%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for MC and PAVE.
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Drawdown Indicators
| MC | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.26% | -44.08% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -33.26% | -11.91% | -21.35% |
Max Drawdown (3Y)Largest decline over 3 years | -39.31% | -26.23% | -13.08% |
Max Drawdown (5Y)Largest decline over 5 years | -53.06% | -26.23% | -26.83% |
Max Drawdown (10Y)Largest decline over 10 years | -58.26% | — | — |
Current DrawdownCurrent decline from peak | -11.96% | -2.41% | -9.55% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -6.21% | -14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.98% | 3.27% | +10.71% |
Volatility
MC vs. PAVE - Volatility Comparison
Moelis & Company (MC) has a higher volatility of 11.14% compared to Global X US Infrastructure Development ETF (PAVE) at 7.01%. This indicates that MC'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
| MC | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 7.01% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 27.01% | 15.90% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.92% | 19.63% | +15.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.86% | 21.67% | +15.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.88% | 24.40% | +11.48% |
Dividends
MC vs. PAVE - Dividend Comparison
MC's dividend yield for the trailing twelve months is around 3.86%, more than PAVE's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MC Moelis & Company | 3.86% | 3.78% | 3.25% | 4.28% | 6.25% | 10.88% | 8.88% | 10.18% | 14.19% | 5.11% | 9.71% | 3.43% |
PAVE Global X US Infrastructure Development ETF | 0.76% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
MC and PAVE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MC has higher volatility (11.14%) compared to PAVE (7.01%). In terms of maximum drawdown, MC dropped -58.26% vs PAVE's -44.08%.
PAVE currently has the higher Sharpe Ratio (1.90 vs 0.51), 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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