URA vs. PAVE

Last updated Aug 4, 2026

URA (Global X Uranium ETF) and PAVE (Global X US Infrastructure Development ETF) are both exchange-traded funds - URA is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index, while PAVE is a Infrastructure Equities fund tracking the INDXX U.S. Infrastructure Development Index. Both are passively managed. Over the past 5 years, URA returned 20.93%/yr vs 17.87%/yr for PAVE. Their 0.50 correlation means they have sometimes moved together and sometimes differently. URA charges 0.69%/yr vs 0.47%/yr for PAVE.

Performance

URA vs. PAVE - Performance Comparison

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

Returns By Period

In the year-to-date period, URA achieves a -4.49% return, which is significantly lower than PAVE's 20.61% return.

URA

• 1D: 4.45%
• 1M: -5.60%
• 6M: -23.39%
• YTD: -4.49%
• 1Y: 11.87%
• 3Y*: 27.86%
• 5Y*: 20.93%
• 10Y*: 15.21%
• ALL TIME*: -3.09%

PAVE

• 1D: 2.09%
• 1M: 0.68%
• 6M: 12.05%
• YTD: 20.61%
• 1Y: 28.93%
• 3Y*: 22.43%
• 5Y*: 17.87%
• 10Y*: —
• ALL TIME*: 16.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PAVE Global X US Infrastructure Development ETF	$108.51M	$123.53M	$109.57M
URA Global X Uranium ETF	$125.37M	$115.54M	$169.15M

URA vs. PAVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URA Global X Uranium ETF	-4.49%	67.18%	-0.58%	46.25%	-11.32%	57.57%	41.33%	-3.54%	-22.11%	-3.51%
PAVE Global X US Infrastructure Development ETF	20.61%	19.36%	17.92%	31.01%	-7.17%	36.42%	19.72%	33.26%	-19.15%	13.41%

Correlation

The correlation between URA and PAVE is 0.50, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.51
Correlation (All Time) Calculated using the full available price history since Mar 8, 2017	0.50

The correlation between URA and PAVE has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

URA vs. PAVE - Sectors Allocation Comparison

Sectors	URA	PAVE
Energy	58.7%	0.2%
Industrials	21.4%	72.3%
Utilities	7.1%	3.5%
Basic Materials	4.9%	22.1%
Technology	0.9%	1.9%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	0.3%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

URA vs. PAVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URA

URA Risk / Return Rank: 18
URA Sharpe Ratio Rank: 16
URA Sortino Ratio Rank: 20
URA Omega Ratio Rank: 19
URA Calmar Ratio Rank: 16
URA Martin Ratio Rank: 16

PAVE

PAVE Risk / Return Rank: 61
PAVE Sharpe Ratio Rank: 59
PAVE Sortino Ratio Rank: 59
PAVE Omega Ratio Rank: 54
PAVE Calmar Ratio Rank: 68
PAVE Martin Ratio Rank: 65

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URA vs. PAVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	URA	PAVE	Difference
Sharpe ratio: Return per unit of total volatility	0.23	1.42	-1.19
Sortino ratio: Return per unit of downside risk	0.71	2.04	-1.33
Omega ratio: Gain probability vs. loss probability	1.08	1.24	-0.16
Calmar ratio: Return relative to maximum drawdown	0.30	2.44	-2.14
Martin ratio: Return relative to average drawdown	0.65	8.00	-7.35

URA vs. PAVE - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 0.23, which is lower than the PAVE Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of URA and PAVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URA vs. PAVE - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for URA and PAVE.

Drawdown Indicators

	URA	PAVE	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-44.08%	-49.46%
Max Drawdown (1Y) Largest decline over 1 year	-39.30%	-11.91%	-27.39%
Max Drawdown (3Y) Largest decline over 3 years	-39.30%	-26.23%	-13.07%
Max Drawdown (5Y) Largest decline over 5 years	-39.30%	-26.23%	-13.07%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	—	—
Current Drawdown Current decline from peak	-53.69%	-3.92%	-49.77%
Average Drawdown Average peak-to-trough decline	-74.74%	-6.19%	-68.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.23%	3.62%	+14.61%

Volatility

URA vs. PAVE - Volatility Comparison

Global X Uranium ETF (URA) has a higher volatility of 14.37% compared to Global X US Infrastructure Development ETF (PAVE) at 6.40%. This indicates that URA'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.

Volatility by Period

	URA	PAVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.37%	6.40%	+7.97%
Volatility (6M) Calculated over the trailing 6-month period	37.93%	16.70%	+21.23%
Volatility (1Y) Calculated over the trailing 1-year period	52.40%	20.47%	+31.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.16%	21.72%	+22.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.14%	24.37%	+13.77%

URA vs. PAVE - Expense Ratio Comparison

URA has a 0.69% expense ratio, which is higher than PAVE's 0.47% expense ratio.

Dividends

URA vs. PAVE - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 5.11%, more than PAVE's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAVE Global X US Infrastructure Development ETF	0.75%	0.92%	0.54%	0.68%	0.84%	0.48%	0.44%	0.67%	0.78%	0.30%	0.00%	0.00%
URA Global X Uranium ETF	5.11%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%

Frequently Asked Questions

Can I hold both URA and PAVE in my portfolio?

URA and PAVE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URA or PAVE?

URA has higher volatility (14.37%) compared to PAVE (6.40%). In terms of maximum drawdown, URA dropped -93.54% vs PAVE's -44.08%.

Which ETF is better, URA or PAVE?

On 5-year performance, URA leads with 20.93% vs 17.87% for PAVE. On fees, PAVE is cheaper at 0.47% per year. On volatility, PAVE has been the lower-risk option at 6.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URA or PAVE?

Over the 5-year period, URA has performed better with a 20.93% return vs 17.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URA or PAVE?

PAVE is cheaper with a 0.47% expense ratio, compared with 0.69% for URA.

Which ETF pays a higher dividend yield, URA or PAVE?

URA has the higher dividend yield at 5.11%, compared with 0.75% for PAVE.

What is the main difference between URA and PAVE?

URA is categorized as Uranium, while PAVE is Infrastructure Equities. URA tracks Solactive Global Uranium & Nuclear Components Total Return Index, while PAVE tracks INDXX U.S. Infrastructure Development Index. Their fees differ too: 0.69% for URA and 0.47% for PAVE.

Which has better risk-adjusted returns?

PAVE currently has the higher Sharpe Ratio (1.42 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.