TOLZ vs. PAVE
Compare and contrast key facts about ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and Global X US Infrastructure Development ETF (PAVE).
TOLZ and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOLZ is a passively managed fund by ProShares that tracks the performance of the Dow Jones Brookfield Global Infrastructure Composite Index. It was launched on Mar 25, 2014. 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 TOLZ 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: TOLZ or PAVE.
Key characteristics
| TOLZ | PAVE | |
|---|---|---|
| YTD Return | 13.55% | 28.22% |
| 1Y Return | 20.12% | 42.90% |
| 3Y Return (Ann) | 5.87% | 16.13% |
| 5Y Return (Ann) | 5.67% | 21.19% |
| Sharpe Ratio | 1.82 | 2.26 |
| Sortino Ratio | 2.55 | 3.15 |
| Omega Ratio | 1.33 | 1.39 |
| Calmar Ratio | 1.86 | 4.92 |
| Martin Ratio | 9.00 | 12.45 |
| Ulcer Index | 2.26% | 3.41% |
| Daily Std Dev | 11.20% | 18.76% |
| Max Drawdown | -39.33% | -44.08% |
| Current Drawdown | -1.93% | -3.03% |
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.
Performance
TOLZ vs. PAVE - Performance Comparison
In the year-to-date period, TOLZ achieves a 13.55% return, which is significantly lower than PAVE's 28.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TOLZ vs. PAVE - Expense Ratio Comparison
TOLZ has a 0.46% expense ratio, which is lower than PAVE's 0.47% expense ratio.
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.
Dividends
TOLZ vs. PAVE - Dividend Comparison
TOLZ's dividend yield for the trailing twelve months is around 3.44%, more than PAVE's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 3.44% | 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 | 0.54% | 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.
Volatility
TOLZ vs. PAVE - Volatility Comparison
The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.17%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.97%. 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.