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.
Performance
MLM vs. PAVE - Performance Comparison
Returns By Period
In the year-to-date period, MLM achieves a 17.06% return, which is significantly lower than PAVE's 28.05% return.
MLM
17.06%
0.11%
0.03%
26.60%
18.11%
17.16%
PAVE
28.05%
3.62%
12.48%
41.79%
21.53%
N/A
Key characteristics
| MLM | PAVE | |
|---|---|---|
| Sharpe Ratio | 1.18 | 2.29 |
| Sortino Ratio | 1.67 | 3.18 |
| Omega Ratio | 1.21 | 1.40 |
| Calmar Ratio | 1.44 | 4.98 |
| Martin Ratio | 3.22 | 12.56 |
| Ulcer Index | 8.43% | 3.42% |
| Daily Std Dev | 23.03% | 18.79% |
| Max Drawdown | -63.73% | -44.08% |
| Current Drawdown | -6.15% | -3.17% |
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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.
Risk-Adjusted Performance
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 0.52%, less than PAVE's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLM Martin Marietta Materials, Inc. | 0.52% | 0.56% | 0.75% | 0.54% | 0.79% | 0.74% | 1.07% | 0.78% | 0.74% | 1.17% | 1.45% | 1.60% |
PAVE Global X US Infrastructure Development ETF | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 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) has a higher volatility of 9.21% compared to Global X US Infrastructure Development ETF (PAVE) at 8.02%. This indicates that MLM'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.