PAVE vs. KOMP
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and SPDR S&P Kensho New Economies Composite ETF (KOMP).
PAVE and KOMP 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. KOMP is a passively managed fund by State Street that tracks the performance of the S&P Kensho New Economies Composite Index. It was launched on Oct 22, 2018. Both PAVE and KOMP 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: PAVE or KOMP.
Performance
PAVE vs. KOMP - Performance Comparison
Returns By Period
In the year-to-date period, PAVE achieves a 28.08% return, which is significantly higher than KOMP's 12.14% return.
PAVE
28.08%
4.29%
12.74%
42.46%
21.48%
N/A
KOMP
12.14%
3.61%
9.52%
29.46%
9.89%
N/A
Key characteristics
| PAVE | KOMP | |
|---|---|---|
| Sharpe Ratio | 2.24 | 1.39 |
| Sortino Ratio | 3.12 | 1.99 |
| Omega Ratio | 1.39 | 1.24 |
| Calmar Ratio | 4.87 | 0.64 |
| Martin Ratio | 12.25 | 6.14 |
| Ulcer Index | 3.43% | 4.59% |
| Daily Std Dev | 18.76% | 20.23% |
| Max Drawdown | -44.08% | -50.06% |
| Current Drawdown | -3.14% | -27.84% |
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PAVE vs. KOMP - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than KOMP's 0.20% expense ratio.
Correlation
The correlation between PAVE and KOMP is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PAVE vs. KOMP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and SPDR S&P Kensho New Economies Composite ETF (KOMP). 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
PAVE vs. KOMP - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.54%, less than KOMP's 1.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.09% | 1.27% | 1.47% | 1.44% | 0.69% | 0.81% | 0.13% | 0.00% |
Drawdowns
PAVE vs. KOMP - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum KOMP drawdown of -50.06%. Use the drawdown chart below to compare losses from any high point for PAVE and KOMP. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. KOMP - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 7.86% compared to SPDR S&P Kensho New Economies Composite ETF (KOMP) at 6.86%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.