PAVE vs. XHB
Compare and contrast key facts about Global X US Infrastructure Development ETF (PAVE) and SPDR S&P Homebuilders ETF (XHB).
PAVE and XHB 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. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. Both PAVE and XHB 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 XHB.
Key characteristics
| PAVE | XHB | |
|---|---|---|
| YTD Return | 23.57% | 31.77% |
| 1Y Return | 47.09% | 76.67% |
| 3Y Return (Ann) | 17.38% | 19.46% |
| 5Y Return (Ann) | 21.75% | 23.64% |
| Sharpe Ratio | 2.53 | 2.91 |
| Sortino Ratio | 3.30 | 3.89 |
| Omega Ratio | 1.42 | 1.48 |
| Calmar Ratio | 3.37 | 4.02 |
| Martin Ratio | 13.30 | 16.07 |
| Ulcer Index | 3.38% | 4.55% |
| Daily Std Dev | 17.80% | 25.11% |
| Max Drawdown | -44.08% | -81.61% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PAVE and XHB is 0.78, 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. XHB - Performance Comparison
In the year-to-date period, PAVE achieves a 23.57% return, which is significantly lower than XHB's 31.77% 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. XHB - Expense Ratio Comparison
PAVE has a 0.47% expense ratio, which is higher than XHB's 0.35% expense ratio.
Risk-Adjusted Performance
PAVE vs. XHB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and SPDR S&P Homebuilders ETF (XHB). 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. XHB - Dividend Comparison
PAVE's dividend yield for the trailing twelve months is around 0.56%, more than XHB's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAVE Global X US Infrastructure Development ETF | 0.56% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
XHB SPDR S&P Homebuilders ETF | 0.50% | 0.77% | 1.06% | 0.51% | 0.73% | 0.89% | 1.25% | 0.72% | 0.67% | 0.50% | 0.78% | 0.29% |
Drawdowns
PAVE vs. XHB - Drawdown Comparison
The maximum PAVE drawdown since its inception was -44.08%, smaller than the maximum XHB drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for PAVE and XHB. For additional features, visit the drawdowns tool.
Volatility
PAVE vs. XHB - Volatility Comparison
The current volatility for Global X US Infrastructure Development ETF (PAVE) is 3.16%, while SPDR S&P Homebuilders ETF (XHB) has a volatility of 5.02%. This indicates that PAVE experiences smaller price fluctuations and is considered to be less risky than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.