PAVE vs. IDU
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and iShares U.S. Utilities ETF (IDU).
PAVE and IDU 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. IDU is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Utilities Index. It was launched on Jun 20, 2000. Both PAVE and IDU 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. IDU - Performance Comparison
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PAVE vs. IDU - 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% |
IDU iShares U.S. Utilities ETF | 8.18% | 15.23% | 23.23% | -5.02% | 0.17% | 16.96% | -1.07% | 24.21% | 3.93% | 7.71% |
Returns By Period
The year-to-date returns for both investments are quite close, with PAVE having a 8.16% return and IDU slightly higher at 8.18%.
PAVE
- 1D
- 1.73%
- 1M
- -6.65%
- YTD
- 8.16%
- 6M
- 9.30%
- 1Y
- 37.33%
- 3Y*
- 23.06%
- 5Y*
- 16.25%
- 10Y*
- —
IDU
- 1D
- 0.43%
- 1M
- -2.28%
- YTD
- 8.18%
- 6M
- 5.59%
- 1Y
- 17.21%
- 3Y*
- 14.43%
- 5Y*
- 10.64%
- 10Y*
- 9.39%
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PAVE vs. IDU - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than IDU's 0.42% expense ratio.
Return for Risk
PAVE vs. IDU — Risk / Return Rank
PAVE
IDU
PAVE vs. IDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and iShares U.S. Utilities ETF (IDU). 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 | IDU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.14 | +0.53 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.57 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.08 | +0.97 |
Martin ratioReturn relative to average drawdown | 11.19 | 4.99 | +6.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAVE | IDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.14 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.65 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.43 | +0.21 |
Correlation
The correlation between PAVE and IDU 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. IDU - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.85%, less than IDU's 2.13% 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% |
IDU iShares U.S. Utilities ETF | 2.13% | 2.23% | 2.29% | 2.79% | 2.39% | 2.39% | 2.94% | 2.71% | 2.80% | 2.62% | 3.18% | 4.22% |
Drawdowns
PAVE vs. IDU - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum IDU drawdown of -53.88%. Use the drawdown chart below to compare losses from any high point for PAVE and IDU.
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Drawdown Indicators
| PAVE | IDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.08% | -53.88% | +9.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -8.45% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -24.11% | -2.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.18% | — |
Current DrawdownCurrent decline from peak | -7.12% | -2.88% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -11.43% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.53% | -0.11% |
Volatility
PAVE vs. IDU - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 7.82% compared to iShares U.S. Utilities ETF (IDU) at 4.77%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than IDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAVE | IDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 4.77% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 9.72% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 15.18% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 16.37% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 18.68% | +5.73% |