PAVE vs. BIPC

Last updated Apr 1, 2026

Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and Brookfield Infrastructure Corporation (BIPC).

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.

Performance

PAVE vs. BIPC - Performance Comparison

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

PAVE vs. BIPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PAVE Global X US Infrastructure Development ETF	6.32%	19.36%	-1.01%
BIPC Brookfield Infrastructure Corporation	-12.15%	18.32%	4.74%

Returns By Period

In the year-to-date period, PAVE achieves a 6.32% return, which is significantly higher than BIPC's -12.15% return.

PAVE

• 1D: 3.29%
• 1M: -7.77%
• YTD: 6.32%
• 6M: 7.40%
• 1Y: 35.92%
• 3Y*: 22.36%
• 5Y*: 15.85%
• 10Y*: —

BIPC

• 1D: 3.10%
• 1M: -20.77%
• YTD: -12.15%
• 6M: -2.09%
• 1Y: 13.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PAVE vs. BIPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAVE

PAVE Risk / Return Rank: 87
PAVE Sharpe Ratio Rank: 84
PAVE Sortino Ratio Rank: 87
PAVE Omega Ratio Rank: 82
PAVE Calmar Ratio Rank: 90
PAVE Martin Ratio Rank: 89

BIPC

BIPC Risk / Return Rank: 56
BIPC Sharpe Ratio Rank: 60
BIPC Sortino Ratio Rank: 52
BIPC Omega Ratio Rank: 52
BIPC Calmar Ratio Rank: 55
BIPC Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAVE vs. BIPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and Brookfield Infrastructure Corporation (BIPC). 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.

	PAVE	BIPC	Difference
Sharpe ratio Return per unit of total volatility	1.61	0.49	+1.12
Sortino ratio Return per unit of downside risk	2.30	0.85	+1.45
Omega ratio Gain probability vs. loss probability	1.31	1.11	+0.20
Calmar ratio Return relative to maximum drawdown	2.90	0.55	+2.34
Martin ratio Return relative to average drawdown	10.73	2.18	+8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAVE vs. BIPC - Sharpe Ratio Comparison

The current PAVE Sharpe Ratio is 1.61, which is higher than the BIPC Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of PAVE and BIPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAVE	BIPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.49	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.25	+0.39

Correlation

The correlation between PAVE and BIPC is 0.46, 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.

Dividends

PAVE vs. BIPC - Dividend Comparison

PAVE's dividend yield for the trailing twelve months is around 0.86%, less than BIPC's 4.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAVE Global X US Infrastructure Development ETF	0.86%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%
BIPC Brookfield Infrastructure Corporation	4.42%	3.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PAVE vs. BIPC - Drawdown Comparison

The maximum PAVE drawdown since its inception was -44.08%, which is greater than BIPC's maximum drawdown of -25.28%. Use the drawdown chart below to compare losses from any high point for PAVE and BIPC.

Drawdown Indicators

	PAVE	BIPC	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-25.28%	-18.80%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-25.28%	+12.72%
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	—	—
Current Drawdown Current decline from peak	-8.70%	-21.80%	+13.10%
Average Drawdown Average peak-to-trough decline	-6.30%	-6.10%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	6.41%	-3.02%

Volatility

PAVE vs. BIPC - Volatility Comparison

The current volatility for Global X US Infrastructure Development ETF (PAVE) is 7.74%, while Brookfield Infrastructure Corporation (BIPC) has a volatility of 11.19%. This indicates that PAVE experiences smaller price fluctuations and is considered to be less risky than BIPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAVE	BIPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	11.19%	-3.45%
Volatility (6M) Calculated over the trailing 6-month period	13.97%	20.13%	-6.16%
Volatility (1Y) Calculated over the trailing 1-year period	22.40%	27.85%	-5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.42%	28.80%	-7.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.41%	28.80%	-4.39%