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

Correlation

The correlation between VAW and PAVE is 0.89, 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.


-0.50.00.51.00.9

Performance

VAW vs. PAVE - Performance Comparison

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

100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
85.25%
190.29%
VAW
PAVE

Key characteristics

Sharpe Ratio

VAW:

0.16

PAVE:

1.09

Sortino Ratio

VAW:

0.31

PAVE:

1.65

Omega Ratio

VAW:

1.04

PAVE:

1.20

Calmar Ratio

VAW:

0.19

PAVE:

1.88

Martin Ratio

VAW:

0.68

PAVE:

5.73

Ulcer Index

VAW:

3.34%

PAVE:

3.63%

Daily Std Dev

VAW:

14.56%

PAVE:

19.04%

Max Drawdown

VAW:

-62.17%

PAVE:

-44.08%

Current Drawdown

VAW:

-11.86%

PAVE:

-11.03%

Returns By Period

In the year-to-date period, VAW achieves a 1.03% return, which is significantly lower than PAVE's 18.89% return.


VAW

YTD

1.03%

1M

-7.76%

6M

-2.36%

1Y

1.06%

5Y*

9.28%

10Y*

7.81%

PAVE

YTD

18.89%

1M

-7.15%

6M

8.56%

1Y

19.46%

5Y*

18.78%

10Y*

N/A

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


VAW vs. PAVE - Expense Ratio Comparison

VAW has a 0.10% 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 VAW: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%

Risk-Adjusted Performance

VAW vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Materials ETF (VAW) 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 VAW, currently valued at 0.16, compared to the broader market0.002.004.000.161.09
The chart of Sortino ratio for VAW, currently valued at 0.31, compared to the broader market-2.000.002.004.006.008.0010.000.311.65
The chart of Omega ratio for VAW, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.20
The chart of Calmar ratio for VAW, currently valued at 0.19, compared to the broader market0.005.0010.0015.000.191.88
The chart of Martin ratio for VAW, currently valued at 0.68, compared to the broader market0.0020.0040.0060.0080.00100.000.685.73
VAW
PAVE

The current VAW Sharpe Ratio is 0.16, which is lower than the PAVE Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of VAW 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 Ratio0.000.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.16
1.09
VAW
PAVE

Dividends

VAW vs. PAVE - Dividend Comparison

VAW's dividend yield for the trailing twelve months is around 1.23%, more than PAVE's 0.58% yield.


TTM20232022202120202019201820172016201520142013
VAW
Vanguard Materials ETF
1.23%1.72%1.98%1.44%1.67%1.94%2.03%1.63%1.67%2.30%1.76%1.84%
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%0.00%

Drawdowns

VAW vs. PAVE - Drawdown Comparison

The maximum VAW drawdown since its inception was -62.17%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for VAW and PAVE. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-11.86%
-11.03%
VAW
PAVE

Volatility

VAW vs. PAVE - Volatility Comparison

The current volatility for Vanguard Materials ETF (VAW) is 4.72%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 5.21%. This indicates that VAW 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.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JulyAugustSeptemberOctoberNovemberDecember
4.72%
5.21%
VAW
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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