PAVG.L vs. XUIN.L
PAVG.L (Global X U.S. Infrastructure Development UCITS ETF USD (Dist)) and XUIN.L (Xtrackers MSCI USA Industrials UCITS ETF 1D) are both Industrials Equities funds - PAVG.L tracks the Indxx U.S. Infrastructure Development v2 Index while XUIN.L tracks the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, PAVG.L returned 20.18%/yr vs 18.51%/yr for XUIN.L. Their correlation of 0.84 suggests significant overlap in exposure. PAVG.L charges 0.47%/yr vs 0.12%/yr for XUIN.L.
Performance
PAVG.L vs. XUIN.L - Performance Comparison
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Different Trading Currencies
PAVG.L is traded in GBP, while XUIN.L is traded in USD. To make them comparable, the XUIN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with PAVG.L having a 16.20% return and XUIN.L slightly lower at 15.84%.
PAVG.L
- 1D
- -0.05%
- 1M
- -4.39%
- 6M
- 8.66%
- YTD
- 16.20%
- 1Y
- 25.44%
- 3Y*
- 20.18%
- 5Y*
- —
- 10Y*
- —
XUIN.L
- 1D
- 0.82%
- 1M
- -2.53%
- 6M
- 7.23%
- YTD
- 15.84%
- 1Y
- 19.17%
- 3Y*
- 18.51%
- 5Y*
- 13.74%
- 10Y*
- —
PAVG.L vs. XUIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAVG.L Global X U.S. Infrastructure Development UCITS ETF USD (Dist) | 16.20% | 12.40% | 19.47% | 24.53% | 4.64% | -24.19% |
XUIN.L Xtrackers MSCI USA Industrials UCITS ETF 1D | 15.84% | 9.77% | 19.17% | 14.88% | 4.24% | 1.43% |
Correlation
The correlation between PAVG.L and XUIN.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.84 |
The correlation between PAVG.L and XUIN.L has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
PAVG.L vs. XUIN.L — Risk / Return Rank
PAVG.L
XUIN.L
PAVG.L vs. XUIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X U.S. Infrastructure Development UCITS ETF USD (Dist) (PAVG.L) and Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.L). 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.
| PAVG.L | XUIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.27 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.02 | 6.97 | +1.04 |
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Drawdowns
PAVG.L vs. XUIN.L - Drawdown Comparison
The maximum PAVG.L drawdown since its inception was -34.28%, which is greater than XUIN.L's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for PAVG.L and XUIN.L.
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Drawdown Indicators
| PAVG.L | XUIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -20.87% | -13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.19% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.81% | -20.87% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.87% | — |
Current DrawdownCurrent decline from peak | -6.76% | -4.56% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -11.99% | -3.49% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.00% | +0.17% |
Volatility
PAVG.L vs. XUIN.L - Volatility Comparison
Global X U.S. Infrastructure Development UCITS ETF USD (Dist) (PAVG.L) and Xtrackers MSCI USA Industrials UCITS ETF 1D (XUIN.L) have volatilities of 5.51% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAVG.L | XUIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.41% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.74% | 12.80% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.28% | 15.75% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 17.13% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.19% | 17.06% | +6.13% |
PAVG.L vs. XUIN.L - Expense Ratio Comparison
PAVG.L has a 0.47% expense ratio, which is higher than XUIN.L's 0.12% expense ratio.
Dividends
PAVG.L vs. XUIN.L - Dividend Comparison
PAVG.L's dividend yield for the trailing twelve months is around 0.21%, less than XUIN.L's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
PAVG.L Global X U.S. Infrastructure Development UCITS ETF USD (Dist) | 0.21% | 0.43% | 0.41% | 0.31% | 0.58% |
XUIN.L Xtrackers MSCI USA Industrials UCITS ETF 1D | 0.89% | 1.01% | 1.12% | 1.17% | 0.63% |
Frequently Asked Questions
PAVG.L and XUIN.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUIN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUIN.L is cheaper with a 0.12% expense ratio, compared with 0.47% for PAVG.L.
PAVG.L tracks Indxx U.S. Infrastructure Development v2 Index, while XUIN.L tracks MSCI World/Materials NR USD. They also come from different issuers: Global X and DWS. Their fees differ too: 0.47% for PAVG.L and 0.12% for XUIN.L.
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