PAVE vs. NFRA
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA).
PAVE and NFRA 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. NFRA is a passively managed fund by FlexShares that tracks the performance of the STOXX Global Broad Infrastructure Index. It was launched on Oct 8, 2013. Both PAVE and NFRA 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 NFRA.
Correlation
The correlation between PAVE and NFRA 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.
Performance
PAVE vs. NFRA - Performance Comparison
Key characteristics
PAVE:
0.07
NFRA:
1.17
PAVE:
0.28
NFRA:
1.67
PAVE:
1.04
NFRA:
1.23
PAVE:
0.07
NFRA:
1.66
PAVE:
0.20
NFRA:
4.55
PAVE:
8.88%
NFRA:
3.34%
PAVE:
24.68%
NFRA:
12.97%
PAVE:
-44.08%
NFRA:
-32.49%
PAVE:
-17.04%
NFRA:
-0.07%
Returns By Period
In the year-to-date period, PAVE achieves a -5.99% return, which is significantly lower than NFRA's 8.27% return.
PAVE
-5.99%
-3.43%
-8.04%
1.44%
25.05%
N/A
NFRA
8.27%
2.02%
2.10%
15.18%
8.18%
5.00%
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PAVE vs. NFRA - Expense Ratio Comparison
Both PAVE and NFRA have an expense ratio of 0.47%.
Risk-Adjusted Performance
PAVE vs. NFRA — Risk-Adjusted Performance Rank
PAVE
NFRA
PAVE vs. NFRA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). 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. NFRA - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.58%, less than NFRA's 3.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.58% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% |
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 3.10% | 3.33% | 2.57% | 2.28% | 2.71% | 2.22% | 2.27% | 3.06% | 2.81% | 2.98% | 2.47% | 3.01% |
Drawdowns
PAVE vs. NFRA - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, which is greater than NFRA's maximum drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for PAVE and NFRA. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. NFRA - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 14.73% compared to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) at 8.23%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than NFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.