MLM vs. PAVE
Compare and contrast key facts about Martin Marietta Materials, Inc. (MLM) and Global X US Infrastructure Development ETF (PAVE).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLM or PAVE.
Correlation
The correlation between MLM and PAVE is 0.69, 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
MLM vs. PAVE - Performance Comparison
Key characteristics
MLM:
0.45
PAVE:
1.56
MLM:
0.78
PAVE:
2.25
MLM:
1.09
PAVE:
1.28
MLM:
0.56
PAVE:
2.39
MLM:
1.10
PAVE:
6.53
MLM:
9.69%
PAVE:
4.58%
MLM:
23.45%
PAVE:
19.14%
MLM:
-63.73%
PAVE:
-44.08%
MLM:
-12.34%
PAVE:
-6.34%
Returns By Period
In the year-to-date period, MLM achieves a 5.05% return, which is significantly lower than PAVE's 6.14% return.
MLM
5.05%
1.29%
-2.68%
8.45%
16.12%
18.45%
PAVE
6.14%
5.27%
12.01%
28.25%
19.88%
N/A
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Risk-Adjusted Performance
MLM vs. PAVE — Risk-Adjusted Performance Rank
MLM
PAVE
MLM vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Martin Marietta Materials, Inc. (MLM) 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
MLM vs. PAVE - Dividend Comparison
MLM's dividend yield for the trailing twelve months is around 0.56%, more than PAVE's 0.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLM Martin Marietta Materials, Inc. | 0.56% | 0.59% | 0.56% | 0.75% | 0.54% | 0.79% | 0.74% | 1.07% | 0.78% | 0.74% | 1.17% | 1.45% |
PAVE Global X US Infrastructure Development ETF | 0.51% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% |
Drawdowns
MLM vs. PAVE - Drawdown Comparison
The maximum MLM drawdown since its inception was -63.73%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for MLM and PAVE. For additional features, visit the drawdowns tool.
Volatility
MLM vs. PAVE - Volatility Comparison
Martin Marietta Materials, Inc. (MLM) and Global X US Infrastructure Development ETF (PAVE) have volatilities of 6.19% and 6.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.