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.
Performance
PAVE vs. KOMP - Performance Comparison
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PAVE vs. KOMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 8.16% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -10.52% |
KOMP SPDR S&P Kensho New Economies Composite ETF | -0.66% | 19.74% | 10.05% | 20.09% | -32.21% | 3.67% | 61.28% | 37.12% | -10.32% |
Returns By Period
In the year-to-date period, PAVE achieves a 8.16% return, which is significantly higher than KOMP's -0.66% return.
PAVE
- 1D
- 1.73%
- 1M
- -6.65%
- YTD
- 8.16%
- 6M
- 9.30%
- 1Y
- 37.33%
- 3Y*
- 23.06%
- 5Y*
- 16.25%
- 10Y*
- —
KOMP
- 1D
- 1.34%
- 1M
- -5.65%
- YTD
- -0.66%
- 6M
- -4.55%
- 1Y
- 28.77%
- 3Y*
- 13.13%
- 5Y*
- -1.44%
- 10Y*
- —
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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.
Return for Risk
PAVE vs. KOMP — Risk / Return Rank
PAVE
KOMP
PAVE vs. KOMP - Risk-Adjusted Trends 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.
| PAVE | KOMP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 1.09 | +0.58 |
Sortino ratioReturn per unit of downside risk | 2.37 | 1.62 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 1.92 | +1.13 |
Martin ratioReturn relative to average drawdown | 11.19 | 5.94 | +5.25 |
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 | KOMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.09 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | -0.06 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.41 | +0.23 |
Correlation
The correlation between PAVE and KOMP is 0.77, 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.
Dividends
PAVE vs. KOMP - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.85%, less than KOMP's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
KOMP SPDR S&P Kensho New Economies Composite ETF | 1.78% | 1.84% | 1.04% | 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.
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Drawdown Indicators
| PAVE | KOMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.08% | -50.06% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -15.50% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -45.83% | +19.60% |
Current DrawdownCurrent decline from peak | -7.12% | -15.77% | +8.65% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -22.07% | +15.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 5.01% | -1.59% |
Volatility
PAVE vs. KOMP - Volatility Comparison
The current volatility for Global X US Infrastructure Development ETF (PAVE) is 7.82%, while SPDR S&P Kensho New Economies Composite ETF (KOMP) has a volatility of 9.39%. This indicates that PAVE experiences smaller price fluctuations and is considered to be less risky than KOMP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAVE | KOMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 9.39% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 19.05% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 26.46% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 24.87% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 27.09% | -2.68% |