XLI vs. PAVE
Compare and contrast key facts about Industrial Select Sector SPDR Fund (XLI) and Global X US Infrastructure Development ETF (PAVE).
XLI and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998. 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 XLI 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: XLI or PAVE.
Key characteristics
| XLI | PAVE | |
|---|---|---|
| YTD Return | 20.02% | 19.00% |
| 1Y Return | 34.39% | 35.55% |
| 3Y Return (Ann) | 12.15% | 17.08% |
| 5Y Return (Ann) | 14.37% | 22.10% |
| Sharpe Ratio | 2.76 | 1.98 |
| Sortino Ratio | 3.74 | 2.61 |
| Omega Ratio | 1.48 | 1.33 |
| Calmar Ratio | 2.90 | 2.71 |
| Martin Ratio | 17.21 | 9.65 |
| Ulcer Index | 2.12% | 3.75% |
| Daily Std Dev | 13.23% | 18.32% |
| Max Drawdown | -62.26% | -44.08% |
| Current Drawdown | -0.02% | -0.58% |
Correlation
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.
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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.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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.