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TOLZ vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TOLZ and PAVE is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

TOLZ vs. PAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Global X US Infrastructure Development ETF (PAVE). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
8.10%
9.05%
TOLZ
PAVE

Key characteristics

Sharpe Ratio

TOLZ:

0.89

PAVE:

1.00

Sortino Ratio

TOLZ:

1.27

PAVE:

1.53

Omega Ratio

TOLZ:

1.16

PAVE:

1.18

Calmar Ratio

TOLZ:

0.95

PAVE:

1.69

Martin Ratio

TOLZ:

4.25

PAVE:

5.16

Ulcer Index

TOLZ:

2.44%

PAVE:

3.70%

Daily Std Dev

TOLZ:

11.65%

PAVE:

19.02%

Max Drawdown

TOLZ:

-39.33%

PAVE:

-44.08%

Current Drawdown

TOLZ:

-8.45%

PAVE:

-11.32%

Returns By Period

In the year-to-date period, TOLZ achieves a 8.81% return, which is significantly lower than PAVE's 18.51% return.


TOLZ

YTD

8.81%

1M

-5.78%

6M

8.73%

1Y

9.27%

5Y*

3.96%

10Y*

4.49%

PAVE

YTD

18.51%

1M

-7.51%

6M

9.05%

1Y

20.97%

5Y*

18.69%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TOLZ vs. PAVE - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is lower than PAVE's 0.47% expense ratio.


PAVE
Global X US Infrastructure Development ETF
Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%
Expense ratio chart for TOLZ: current value at 0.46% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.46%

Risk-Adjusted Performance

TOLZ vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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.


Sharpe ratio
The chart of Sharpe ratio for TOLZ, currently valued at 0.80, compared to the broader market0.002.004.000.801.00
The chart of Sortino ratio for TOLZ, currently valued at 1.15, compared to the broader market-2.000.002.004.006.008.0010.001.151.53
The chart of Omega ratio for TOLZ, currently valued at 1.15, compared to the broader market0.501.001.502.002.503.001.151.18
The chart of Calmar ratio for TOLZ, currently valued at 0.85, compared to the broader market0.005.0010.0015.000.851.69
The chart of Martin ratio for TOLZ, currently valued at 3.71, compared to the broader market0.0020.0040.0060.0080.00100.003.715.16
TOLZ
PAVE

The current TOLZ Sharpe Ratio is 0.89, which is comparable to the PAVE Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of TOLZ and PAVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.80
1.00
TOLZ
PAVE

Dividends

TOLZ vs. PAVE - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 3.59%, more than PAVE's 0.58% yield.


TTM2023202220212020201920182017201620152014
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF
2.86%3.34%3.00%3.28%3.17%2.96%3.63%3.30%2.96%4.52%2.03%
PAVE
Global X US Infrastructure Development ETF
0.58%0.68%0.84%0.48%0.44%0.67%0.78%0.30%0.00%0.00%0.00%

Drawdowns

TOLZ vs. PAVE - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, smaller than the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for TOLZ and PAVE. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.45%
-11.32%
TOLZ
PAVE

Volatility

TOLZ vs. PAVE - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 4.15%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 5.19%. This indicates that TOLZ 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.15%
5.19%
TOLZ
PAVE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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