PAVE vs. XLII

Last updated Jun 25, 2026

PAVE (Global X US Infrastructure Development ETF) and XLII (State Street Industrial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - PAVE is a Industrials Equities fund tracking the INDXX U.S. Infrastructure Development Index, while XLII is a Derivative Income fund actively managed by State Street. PAVE is passively managed, while XLII is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. PAVE charges 0.47%/yr vs 0.35%/yr for XLII.

Performance

PAVE vs. XLII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X US Infrastructure Development ETF (PAVE) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAVE achieves a 22.22% return, which is significantly higher than XLII's 10.53% return.

PAVE

• 1D: 1.04%
• 1M: 6.32%
• YTD: 22.22%
• 6M: 19.45%
• 1Y: 36.66%
• 3Y*: 25.73%
• 5Y*: 18.54%
• 10Y*: —

XLII

• 1D: 0.69%
• 1M: 4.79%
• YTD: 10.53%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAVE vs. XLII - Yearly Performance Comparison

	2026 (YTD)	2025
PAVE Global X US Infrastructure Development ETF	22.22%	3.76%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	10.53%	6.30%

Correlation

The correlation between PAVE and XLII is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.90

PAVE vs. XLII - Sectors Allocation Comparison

Sectors	PAVE	XLII
Industrials	75.9%	93.8%
Basic Materials	19.5%	-
Utilities	3.1%	-
Technology	1.0%	5.9%
Consumer Defensive	0.2%	-
Energy	0.2%	-
Communication Services	-	-
Consumer Cyclical	-	0.3%
Financial Services	-	100.8%
Healthcare	-	-
Real Estate	-	-

Return for Risk

PAVE vs. XLII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAVE

PAVE Risk / Return Rank: 64
PAVE Sharpe Ratio Rank: 64
PAVE Sortino Ratio Rank: 64
PAVE Omega Ratio Rank: 57
PAVE Calmar Ratio Rank: 68
PAVE Martin Ratio Rank: 68

XLII

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAVE vs. XLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X US Infrastructure Development ETF (PAVE) and State Street Industrial Select Sector SPDR Premium Income ETF (XLII). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PAVE	XLII	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.64	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	11.23	—	—

Drawdowns

PAVE vs. XLII - Drawdown Comparison

The maximum PAVE drawdown since its inception was -44.08%, which is greater than XLII's maximum drawdown of -10.10%. Use the drawdown chart below to compare losses from any high point for PAVE and XLII.

Drawdown Indicators

	PAVE	XLII	Difference
Max Drawdown Largest peak-to-trough decline	-44.08%	-10.10%	-33.98%
Max Drawdown (1Y) Largest decline over 1 year	-11.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.23%	—	—
Current Drawdown Current decline from peak	-1.40%	-0.69%	-0.71%
Average Drawdown Average peak-to-trough decline	-6.21%	-1.30%	-4.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	—	—

Volatility

Volatility by Period

	PAVE	XLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.60%	12.18%	+7.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.66%	12.18%	+9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	12.18%	+12.21%

PAVE vs. XLII - Expense Ratio Comparison

PAVE has a 0.47% expense ratio, which is higher than XLII's 0.35% expense ratio.

Dividends

PAVE vs. XLII - Dividend Comparison

PAVE's dividend yield for the trailing twelve months is around 0.75%, less than XLII's 10.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAVE Global X US Infrastructure Development ETF	0.75%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	10.90%	5.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAVE and XLII in my portfolio?

PAVE and XLII have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAVE or XLII?

On fees, XLII is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAVE or XLII?

XLII is cheaper with a 0.35% expense ratio, compared with 0.47% for PAVE.

Which ETF pays a higher dividend yield, PAVE or XLII?

XLII has the higher dividend yield at 10.90%, compared with 0.75% for PAVE.

What is the main difference between PAVE and XLII?

PAVE is categorized as Industrials Equities, while XLII is Derivative Income. They also come from different issuers: Global X and State Street. Their fees differ too: 0.47% for PAVE and 0.35% for XLII.