RSHO vs. PAVE
Compare and contrast key facts about Tema American Reshoring ETF (RSHO) and Global X US Infrastructure Development ETF (PAVE).
RSHO and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSHO is an actively managed fund by Tema. It was launched on May 10, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RSHO or PAVE.
Correlation
The correlation between RSHO and PAVE 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
RSHO vs. PAVE - Performance Comparison
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Key characteristics
RSHO:
0.31
PAVE:
0.38
RSHO:
0.61
PAVE:
0.69
RSHO:
1.08
PAVE:
1.09
RSHO:
0.27
PAVE:
0.33
RSHO:
0.78
PAVE:
0.92
RSHO:
9.40%
PAVE:
9.49%
RSHO:
25.94%
PAVE:
24.91%
RSHO:
-27.31%
PAVE:
-44.08%
RSHO:
-7.94%
PAVE:
-7.41%
Returns By Period
In the year-to-date period, RSHO achieves a 2.54% return, which is significantly lower than PAVE's 4.92% return.
RSHO
2.54%
16.93%
-3.61%
8.14%
N/A
N/A
PAVE
4.92%
17.09%
-2.89%
9.38%
26.21%
N/A
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RSHO vs. PAVE - Expense Ratio Comparison
RSHO has a 0.75% expense ratio, which is higher than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
RSHO vs. PAVE — Risk-Adjusted Performance Rank
RSHO
PAVE
RSHO vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema American Reshoring ETF (RSHO) 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
RSHO vs. PAVE - Dividend Comparison
RSHO's dividend yield for the trailing twelve months is around 0.26%, less than PAVE's 0.52% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|---|
RSHO Tema American Reshoring ETF | 0.26% | 0.26% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PAVE Global X US Infrastructure Development ETF | 0.52% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% |
Drawdowns
RSHO vs. PAVE - Drawdown Comparison
The maximum RSHO drawdown since its inception was -27.31%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for RSHO and PAVE. For additional features, visit the drawdowns tool.
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Volatility
RSHO vs. PAVE - Volatility Comparison
Tema American Reshoring ETF (RSHO) and Global X US Infrastructure Development ETF (PAVE) have volatilities of 6.54% and 6.31%, 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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