PAVE vs. V
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and Visa Inc. (V).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAVE or V.
Performance
PAVE vs. V - Performance Comparison
Returns By Period
In the year-to-date period, PAVE achieves a 30.32% return, which is significantly higher than V's 19.94% return.
PAVE
30.32%
7.33%
15.86%
44.49%
21.88%
N/A
V
19.94%
9.03%
13.45%
23.08%
12.37%
18.01%
Key characteristics
| PAVE | V | |
|---|---|---|
| Sharpe Ratio | 2.39 | 1.44 |
| Sortino Ratio | 3.30 | 1.96 |
| Omega Ratio | 1.41 | 1.28 |
| Calmar Ratio | 5.21 | 1.91 |
| Martin Ratio | 13.09 | 4.86 |
| Ulcer Index | 3.43% | 4.90% |
| Daily Std Dev | 18.82% | 16.53% |
| Max Drawdown | -44.08% | -51.90% |
| Current Drawdown | -1.45% | -0.72% |
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Correlation
The correlation between PAVE and V is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PAVE vs. V - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and Visa Inc. (V). 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. V - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.53%, less than V's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
V Visa Inc. | 0.69% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% | 0.64% | 0.62% |
Drawdowns
PAVE vs. V - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for PAVE and V. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. V - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 7.94% compared to Visa Inc. (V) at 6.00%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.