PAVE vs. VUG
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and Vanguard Growth ETF (VUG).
PAVE and VUG 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. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP U.S. Large Cap Growth Index. It was launched on Jan 26, 2004. Both PAVE and VUG 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 VUG.
Key characteristics
PAVE | VUG | |
---|---|---|
YTD Return | 10.07% | 7.32% |
1Y Return | 38.25% | 35.08% |
3Y Return (Ann) | 14.08% | 7.50% |
5Y Return (Ann) | 18.86% | 16.07% |
Sharpe Ratio | 2.28 | 2.20 |
Daily Std Dev | 16.73% | 15.60% |
Max Drawdown | -44.08% | -50.68% |
Current Drawdown | -4.72% | -3.77% |
Correlation
The correlation between PAVE and VUG 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.
Performance
PAVE vs. VUG - Performance Comparison
In the year-to-date period, PAVE achieves a 10.07% return, which is significantly higher than VUG's 7.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PAVE vs. VUG - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than VUG's 0.04% expense ratio.
Risk-Adjusted Performance
PAVE vs. VUG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and Vanguard Growth ETF (VUG). 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. VUG - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.62%, more than VUG's 0.55% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Global X US Infrastructure Development ETF | 0.62% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
Vanguard Growth ETF | 0.55% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% | 1.21% | 1.19% |
Drawdowns
PAVE vs. VUG - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum VUG drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for PAVE and VUG. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. VUG - Volatility Comparison
The current volatility for Global X US Infrastructure Development ETF (PAVE) is 4.37%, while Vanguard Growth ETF (VUG) has a volatility of 5.72%. This indicates that PAVE experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.