Correlation
The correlation between RBLD and PAVE is 0.75, 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.
RBLD vs. PAVE
Compare and contrast key facts about First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and Global X US Infrastructure Development ETF (PAVE).
RBLD and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RBLD is a passively managed fund by First Trust that tracks the performance of the Alerian US NextGen Infrastructure Index - Benchmark TR Net. It was launched on Oct 13, 2008. 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. Both RBLD and PAVE 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: RBLD or PAVE.
Performance
RBLD vs. PAVE - Performance Comparison
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Key characteristics
RBLD:
0.76
PAVE:
0.35
RBLD:
1.13
PAVE:
0.65
RBLD:
1.15
PAVE:
1.08
RBLD:
0.72
PAVE:
0.31
RBLD:
2.36
PAVE:
0.85
RBLD:
5.82%
PAVE:
9.50%
RBLD:
18.88%
PAVE:
24.93%
RBLD:
-50.07%
PAVE:
-44.08%
RBLD:
-4.27%
PAVE:
-9.36%
Returns By Period
In the year-to-date period, RBLD achieves a 5.02% return, which is significantly higher than PAVE's 2.72% return.
RBLD
5.02%
4.95%
-4.27%
13.26%
11.97%
13.02%
5.22%
PAVE
2.72%
6.90%
-8.92%
7.86%
17.98%
23.86%
N/A
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RBLD vs. PAVE - Expense Ratio Comparison
RBLD has a 0.65% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
RBLD vs. PAVE — Risk-Adjusted Performance Rank
RBLD
PAVE
RBLD vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) and Global X US Infrastructure Development ETF (PAVE). 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.
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Dividends
RBLD vs. PAVE - Dividend Comparison
RBLD's dividend yield for the trailing twelve months is around 1.24%, more than PAVE's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBLD First Trust Alerian U.S. NextGen Infrastructure ETF | 1.24% | 1.31% | 1.17% | 2.10% | 1.45% | 2.88% | 1.84% | 1.74% | 1.49% | 2.01% | 1.17% | 1.66% |
PAVE Global X US Infrastructure Development ETF | 0.53% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% |
Drawdowns
RBLD vs. PAVE - Drawdown Comparison
The maximum RBLD drawdown since its inception was -50.07%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for RBLD and PAVE.
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Volatility
RBLD vs. PAVE - Volatility Comparison
The current volatility for First Trust Alerian U.S. NextGen Infrastructure ETF (RBLD) is 4.27%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 5.80%. This indicates that RBLD experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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