NFRA vs. PAVE
Compare and contrast key facts about FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Global X US Infrastructure Development ETF (PAVE).
NFRA and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NFRA is a passively managed fund by FlexShares that tracks the performance of the STOXX Global Broad Infrastructure Index. It was launched on Oct 8, 2013. 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. Both NFRA and PAVE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NFRA or PAVE.
Key characteristics
| NFRA | PAVE | |
|---|---|---|
| YTD Return | 8.97% | 30.17% |
| 1Y Return | 16.95% | 44.61% |
| 3Y Return (Ann) | 2.23% | 16.61% |
| 5Y Return (Ann) | 4.21% | 21.58% |
| Sharpe Ratio | 1.87 | 2.60 |
| Sortino Ratio | 2.68 | 3.58 |
| Omega Ratio | 1.34 | 1.45 |
| Calmar Ratio | 1.83 | 5.72 |
| Martin Ratio | 11.13 | 14.50 |
| Ulcer Index | 1.80% | 3.40% |
| Daily Std Dev | 10.72% | 18.95% |
| Max Drawdown | -32.49% | -44.08% |
| Current Drawdown | -3.99% | -1.56% |
Correlation
The correlation between NFRA and PAVE is 0.68, 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
NFRA vs. PAVE - Performance Comparison
In the year-to-date period, NFRA achieves a 8.97% return, which is significantly lower than PAVE's 30.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NFRA vs. PAVE - Expense Ratio Comparison
Both NFRA and PAVE have an expense ratio of 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.
Dividends
NFRA vs. PAVE - Dividend Comparison
NFRA's dividend yield for the trailing twelve months is around 2.46%, more than PAVE's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 2.46% | 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 | 0.53% | 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.
Volatility
NFRA vs. PAVE - Volatility Comparison
The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 2.54%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.81%. 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.