PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
XHB vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

XHB vs. PAVE - Performance Comparison

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

160.00%180.00%200.00%220.00%240.00%260.00%JulyAugustSeptemberOctoberNovemberDecember
209.21%
191.71%
XHB
PAVE

Key characteristics

Sharpe Ratio

XHB:

0.53

PAVE:

1.16

Sortino Ratio

XHB:

0.93

PAVE:

1.73

Omega Ratio

XHB:

1.11

PAVE:

1.21

Calmar Ratio

XHB:

0.80

PAVE:

1.94

Martin Ratio

XHB:

2.40

PAVE:

5.84

Ulcer Index

XHB:

5.51%

PAVE:

3.76%

Daily Std Dev

XHB:

24.79%

PAVE:

18.96%

Max Drawdown

XHB:

-81.61%

PAVE:

-44.08%

Current Drawdown

XHB:

-15.57%

PAVE:

-10.60%

Returns By Period

In the year-to-date period, XHB achieves a 11.25% return, which is significantly lower than PAVE's 19.47% return.


XHB

YTD

11.25%

1M

-10.11%

6M

3.26%

1Y

11.32%

5Y*

19.49%

10Y*

13.14%

PAVE

YTD

19.47%

1M

-6.72%

6M

10.02%

1Y

20.50%

5Y*

18.86%

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.


XHB vs. PAVE - Expense Ratio Comparison

XHB has a 0.35% 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 XHB: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

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.


Sharpe ratio
The chart of Sharpe ratio for XHB, currently valued at 0.53, compared to the broader market0.002.004.000.531.16
The chart of Sortino ratio for XHB, currently valued at 0.93, compared to the broader market-2.000.002.004.006.008.0010.000.931.73
The chart of Omega ratio for XHB, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.001.111.21
The chart of Calmar ratio for XHB, currently valued at 0.80, compared to the broader market0.005.0010.0015.000.801.94
The chart of Martin ratio for XHB, currently valued at 2.40, compared to the broader market0.0020.0040.0060.0080.00100.002.405.84
XHB
PAVE

The current XHB Sharpe Ratio is 0.53, which is lower than the PAVE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of XHB 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
0.53
1.16
XHB
PAVE

Dividends

XHB vs. PAVE - Dividend Comparison

XHB's dividend yield for the trailing twelve months is around 0.42%, less than PAVE's 0.57% yield.


TTM20232022202120202019201820172016201520142013
XHB
SPDR S&P Homebuilders ETF
0.42%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
0.57%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.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.57%
-10.60%
XHB
PAVE

Volatility

XHB vs. PAVE - Volatility Comparison

SPDR S&P Homebuilders ETF (XHB) has a higher volatility of 8.18% compared to Global X US Infrastructure Development ETF (PAVE) at 5.32%. This indicates that XHB'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.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
8.18%
5.32%
XHB
PAVE
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


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.

Copyright © 2024 PortfoliosLab