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

Key characteristics


XLIPAVE
YTD Return20.02%19.00%
1Y Return34.39%35.55%
3Y Return (Ann)12.15%17.08%
5Y Return (Ann)14.37%22.10%
Sharpe Ratio2.761.98
Sortino Ratio3.742.61
Omega Ratio1.481.33
Calmar Ratio2.902.71
Martin Ratio17.219.65
Ulcer Index2.12%3.75%
Daily Std Dev13.23%18.32%
Max Drawdown-62.26%-44.08%
Current Drawdown-0.02%-0.58%

Correlation

-0.50.00.51.00.9

The correlation between XLI and PAVE is 0.92, 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.

Performance

XLI vs. PAVE - Performance Comparison

In the year-to-date period, XLI achieves a 20.02% return, which is significantly higher than PAVE's 19.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


100.00%120.00%140.00%160.00%180.00%200.00%MayJuneJulyAugustSeptemberOctober
136.23%
190.58%
XLI
PAVE

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XLI vs. PAVE - Expense Ratio Comparison

XLI has a 0.13% 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 XLI: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

XLI vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Industrial Select Sector SPDR Fund (XLI) 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.


XLI
Sharpe ratio
The chart of Sharpe ratio for XLI, currently valued at 2.76, compared to the broader market0.002.004.002.76
Sortino ratio
The chart of Sortino ratio for XLI, currently valued at 3.74, compared to the broader market-2.000.002.004.006.008.0010.0012.003.74
Omega ratio
The chart of Omega ratio for XLI, currently valued at 1.48, compared to the broader market1.001.502.002.503.001.48
Calmar ratio
The chart of Calmar ratio for XLI, currently valued at 2.90, compared to the broader market0.005.0010.0015.002.90
Martin ratio
The chart of Martin ratio for XLI, currently valued at 17.21, compared to the broader market0.0020.0040.0060.0080.00100.0017.21
PAVE
Sharpe ratio
The chart of Sharpe ratio for PAVE, currently valued at 1.98, compared to the broader market0.002.004.001.98
Sortino ratio
The chart of Sortino ratio for PAVE, currently valued at 2.61, compared to the broader market-2.000.002.004.006.008.0010.0012.002.61
Omega ratio
The chart of Omega ratio for PAVE, currently valued at 1.33, compared to the broader market1.001.502.002.503.001.33
Calmar ratio
The chart of Calmar ratio for PAVE, currently valued at 2.71, compared to the broader market0.005.0010.0015.002.71
Martin ratio
The chart of Martin ratio for PAVE, currently valued at 9.65, compared to the broader market0.0020.0040.0060.0080.00100.009.65

XLI vs. PAVE - Sharpe Ratio Comparison

The current XLI Sharpe Ratio is 2.76, which is higher than the PAVE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of XLI and PAVE, offering insights into how both instruments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.00MayJuneJulyAugustSeptemberOctober
2.76
1.98
XLI
PAVE

Dividends

XLI vs. PAVE - Dividend Comparison

XLI's dividend yield for the trailing twelve months is around 1.36%, more than PAVE's 0.58% yield.


TTM20232022202120202019201820172016201520142013
XLI
Industrial Select Sector SPDR Fund
1.36%1.63%1.63%1.25%1.55%1.94%2.15%1.77%2.07%2.15%1.85%1.68%
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

XLI vs. PAVE - Drawdown Comparison

The maximum XLI drawdown since its inception was -62.26%, which is greater than PAVE's maximum drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for XLI and PAVE. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.02%
-0.58%
XLI
PAVE

Volatility

XLI vs. PAVE - Volatility Comparison

The current volatility for Industrial Select Sector SPDR Fund (XLI) is 2.59%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 3.89%. This indicates that XLI 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%MayJuneJulyAugustSeptemberOctober
2.59%
3.89%
XLI
PAVE