XHB vs. PAVE
Compare and contrast key facts about SPDR S&P Homebuilders ETF (XHB) and Global X US Infrastructure Development ETF (PAVE).
XHB and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. 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 XHB 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: XHB or PAVE.
Performance
XHB vs. PAVE - Performance Comparison
Returns By Period
In the year-to-date period, XHB achieves a 22.33% return, which is significantly lower than PAVE's 28.08% return.
XHB
22.33%
-4.16%
11.59%
43.33%
21.95%
14.34%
PAVE
28.08%
4.29%
12.74%
42.46%
21.48%
N/A
Key characteristics
| XHB | PAVE | |
|---|---|---|
| Sharpe Ratio | 1.71 | 2.24 |
| Sortino Ratio | 2.45 | 3.12 |
| Omega Ratio | 1.30 | 1.39 |
| Calmar Ratio | 3.48 | 4.87 |
| Martin Ratio | 8.39 | 12.25 |
| Ulcer Index | 5.01% | 3.43% |
| Daily Std Dev | 24.51% | 18.76% |
| Max Drawdown | -81.61% | -44.08% |
| Current Drawdown | -7.16% | -3.14% |
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XHB vs. PAVE - Expense Ratio Comparison
XHB has a 0.35% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Correlation
The correlation between XHB 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.
Risk-Adjusted Performance
XHB vs. PAVE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Homebuilders ETF (XHB) 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
XHB vs. PAVE - Dividend Comparison
XHB's dividend yield for the trailing twelve months is around 0.54%, which matches PAVE's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHB SPDR S&P Homebuilders ETF | 0.54% | 0.77% | 1.06% | 0.50% | 0.73% | 0.89% | 1.25% | 0.71% | 0.67% | 0.50% | 0.78% | 0.29% |
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% | 0.00% |
Drawdowns
XHB vs. PAVE - Drawdown Comparison
The maximum XHB drawdown since its inception was -81.61%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for XHB and PAVE. For additional features, visit the drawdowns tool.
Volatility
XHB vs. PAVE - Volatility Comparison
The current volatility for SPDR S&P Homebuilders ETF (XHB) is 5.20%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.86%. This indicates that XHB 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.