PAVE vs. FUTY
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and Fidelity MSCI Utilities Index ETF (FUTY).
PAVE and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both PAVE and FUTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PAVE vs. FUTY - Performance Comparison
Loading graphics...
PAVE vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 8.16% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -19.15% | 14.11% |
FUTY Fidelity MSCI Utilities Index ETF | 8.19% | 16.40% | 23.20% | -7.46% | 1.12% | 17.53% | -0.80% | 24.89% | 4.36% | 8.34% |
Returns By Period
The year-to-date returns for both investments are quite close, with PAVE having a 8.16% return and FUTY slightly higher at 8.19%.
PAVE
- 1D
- 1.73%
- 1M
- -6.65%
- YTD
- 8.16%
- 6M
- 9.30%
- 1Y
- 37.33%
- 3Y*
- 23.06%
- 5Y*
- 16.25%
- 10Y*
- —
FUTY
- 1D
- 0.49%
- 1M
- -2.11%
- YTD
- 8.19%
- 6M
- 5.65%
- 1Y
- 19.31%
- 3Y*
- 13.99%
- 5Y*
- 10.62%
- 10Y*
- 9.67%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PAVE vs. FUTY - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Return for Risk
PAVE vs. FUTY — Risk / Return Rank
PAVE
FUTY
PAVE vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and Fidelity MSCI Utilities Index ETF (FUTY). 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 | FUTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.25 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.70 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.20 | +0.85 |
Martin ratioReturn relative to average drawdown | 11.19 | 5.24 | +5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PAVE | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.25 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.63 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.58 | +0.06 |
Correlation
The correlation between PAVE and FUTY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PAVE vs. FUTY - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.85%, less than FUTY's 2.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.85% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% |
FUTY Fidelity MSCI Utilities Index ETF | 2.49% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Drawdowns
PAVE vs. FUTY - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for PAVE and FUTY.
Loading graphics...
Drawdown Indicators
| PAVE | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.08% | -36.44% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -8.93% | -3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -25.11% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.44% | — |
Current DrawdownCurrent decline from peak | -7.12% | -2.76% | -4.36% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -6.06% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.75% | -0.33% |
Volatility
PAVE vs. FUTY - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 7.82% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.03%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PAVE | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 5.03% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 10.15% | +3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 15.52% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 16.93% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 18.99% | +5.42% |