PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
NFRA vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NFRA 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.


-0.50.00.51.00.7

Performance

NFRA vs. PAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Global X US Infrastructure Development ETF (PAVE). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
3.63%
9.76%
NFRA
PAVE

Key characteristics

Sharpe Ratio

NFRA:

0.57

PAVE:

1.08

Sortino Ratio

NFRA:

0.84

PAVE:

1.64

Omega Ratio

NFRA:

1.10

PAVE:

1.20

Calmar Ratio

NFRA:

0.68

PAVE:

1.81

Martin Ratio

NFRA:

2.56

PAVE:

5.37

Ulcer Index

NFRA:

2.32%

PAVE:

3.82%

Daily Std Dev

NFRA:

10.47%

PAVE:

18.96%

Max Drawdown

NFRA:

-32.49%

PAVE:

-44.08%

Current Drawdown

NFRA:

-7.62%

PAVE:

-10.60%

Returns By Period

In the year-to-date period, NFRA achieves a 4.84% return, which is significantly lower than PAVE's 19.47% return.


NFRA

YTD

4.84%

1M

-5.34%

6M

3.63%

1Y

5.57%

5Y*

2.93%

10Y*

4.44%

PAVE

YTD

19.47%

1M

-9.48%

6M

9.76%

1Y

19.87%

5Y*

18.97%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NFRA vs. PAVE - Expense Ratio Comparison

Both NFRA and PAVE have an expense ratio of 0.47%.


NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund
Expense ratio chart for NFRA: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%
Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Risk-Adjusted Performance

NFRA vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) 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.


Sharpe ratio
The chart of Sharpe ratio for NFRA, currently valued at 0.57, compared to the broader market0.002.004.000.571.08
The chart of Sortino ratio for NFRA, currently valued at 0.84, compared to the broader market-2.000.002.004.006.008.0010.000.841.64
The chart of Omega ratio for NFRA, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.20
The chart of Calmar ratio for NFRA, currently valued at 0.68, compared to the broader market0.005.0010.0015.000.681.81
The chart of Martin ratio for NFRA, currently valued at 2.56, compared to the broader market0.0020.0040.0060.0080.00100.002.565.37
NFRA
PAVE

The current NFRA Sharpe Ratio is 0.57, which is lower than the PAVE Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of NFRA and PAVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.57
1.08
NFRA
PAVE

Dividends

NFRA vs. PAVE - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 3.33%, more than PAVE's 0.57% yield.


TTM20232022202120202019201820172016201520142013
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund
3.33%2.57%2.28%2.71%2.22%2.27%3.06%2.81%2.98%2.47%3.01%0.14%
PAVE
Global X US Infrastructure Development ETF
0.57%0.68%0.84%0.48%0.44%0.67%0.78%0.30%0.00%0.00%0.00%0.00%

Drawdowns

NFRA vs. PAVE - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for NFRA and PAVE. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.62%
-10.60%
NFRA
PAVE

Volatility

NFRA vs. PAVE - Volatility Comparison

The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 3.54%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 4.88%. This indicates that NFRA experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
3.54%
4.88%
NFRA
PAVE
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab