PAVE vs. VOOG
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and Vanguard S&P 500 Growth ETF (VOOG).
PAVE and VOOG 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. VOOG is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 7, 2010. Both PAVE and VOOG 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 VOOG.
Performance
PAVE vs. VOOG - Performance Comparison
Returns By Period
In the year-to-date period, PAVE achieves a 28.08% return, which is significantly lower than VOOG's 33.12% return.
PAVE
28.08%
4.29%
12.74%
42.46%
21.48%
N/A
VOOG
33.12%
1.64%
14.93%
38.17%
17.54%
14.92%
Key characteristics
| PAVE | VOOG | |
|---|---|---|
| Sharpe Ratio | 2.24 | 2.23 |
| Sortino Ratio | 3.12 | 2.90 |
| Omega Ratio | 1.39 | 1.41 |
| Calmar Ratio | 4.87 | 2.84 |
| Martin Ratio | 12.25 | 11.80 |
| Ulcer Index | 3.43% | 3.22% |
| Daily Std Dev | 18.76% | 17.05% |
| Max Drawdown | -44.08% | -32.73% |
| Current Drawdown | -3.14% | -1.59% |
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PAVE vs. VOOG - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than VOOG's 0.10% expense ratio.
Correlation
The correlation between PAVE and VOOG is 0.65, 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. VOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and Vanguard S&P 500 Growth ETF (VOOG). 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. VOOG - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.54%, less than VOOG's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
VOOG Vanguard S&P 500 Growth ETF | 0.60% | 1.12% | 0.93% | 0.53% | 0.88% | 1.26% | 1.34% | 1.32% | 1.47% | 1.56% | 1.28% | 1.46% |
Drawdowns
PAVE vs. VOOG - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for PAVE and VOOG. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. VOOG - Volatility Comparison
Global X US Infrastructure Development ETF (PAVE) has a higher volatility of 7.86% compared to Vanguard S&P 500 Growth ETF (VOOG) at 5.67%. This indicates that PAVE's price experiences larger fluctuations and is considered to be riskier than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.