Correlation
The correlation between SIMS 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.
SIMS vs. PAVE
Compare and contrast key facts about SPDR S&P Kensho Intelligent Structures ETF (SIMS) and Global X US Infrastructure Development ETF (PAVE).
SIMS and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIMS is a passively managed fund by State Street that tracks the performance of the S&P Kensho Intelligent Infrastructure Index. It was launched on Dec 26, 2017. 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 SIMS 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: SIMS or PAVE.
Performance
SIMS vs. PAVE - Performance Comparison
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Key characteristics
SIMS:
-0.14
PAVE:
0.35
SIMS:
-0.06
PAVE:
0.65
SIMS:
0.99
PAVE:
1.08
SIMS:
-0.09
PAVE:
0.31
SIMS:
-0.39
PAVE:
0.85
SIMS:
10.65%
PAVE:
9.50%
SIMS:
25.09%
PAVE:
24.93%
SIMS:
-43.97%
PAVE:
-44.08%
SIMS:
-30.08%
PAVE:
-9.36%
Returns By Period
In the year-to-date period, SIMS achieves a -2.27% return, which is significantly lower than PAVE's 2.72% return.
SIMS
-2.27%
8.79%
-10.48%
-3.73%
-1.57%
4.69%
N/A
PAVE
2.72%
6.90%
-8.92%
7.86%
17.98%
23.86%
N/A
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SIMS vs. PAVE - Expense Ratio Comparison
SIMS has a 0.45% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
SIMS vs. PAVE — Risk-Adjusted Performance Rank
SIMS
PAVE
SIMS vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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
SIMS vs. PAVE - Dividend Comparison
SIMS's dividend yield for the trailing twelve months is around 0.86%, more than PAVE's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SIMS SPDR S&P Kensho Intelligent Structures ETF | 0.86% | 0.88% | 1.49% | 1.48% | 0.97% | 0.58% | 1.24% | 0.85% | 0.00% |
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% |
Drawdowns
SIMS vs. PAVE - Drawdown Comparison
The maximum SIMS drawdown since its inception was -43.97%, roughly equal to the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for SIMS and PAVE.
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Volatility
SIMS vs. PAVE - Volatility Comparison
SPDR S&P Kensho Intelligent Structures ETF (SIMS) has a higher volatility of 6.52% compared to Global X US Infrastructure Development ETF (PAVE) at 5.80%. This indicates that SIMS's price experiences larger fluctuations and is considered to be riskier than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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