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

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.


-0.50.00.51.00.9

Performance

XLI vs. PAVE - Performance Comparison

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

100.00%120.00%140.00%160.00%180.00%200.00%220.00%JulyAugustSeptemberOctoberNovemberDecember
130.94%
190.29%
XLI
PAVE

Key characteristics

Sharpe Ratio

XLI:

1.38

PAVE:

1.09

Sortino Ratio

XLI:

2.03

PAVE:

1.65

Omega Ratio

XLI:

1.25

PAVE:

1.20

Calmar Ratio

XLI:

2.37

PAVE:

1.88

Martin Ratio

XLI:

8.92

PAVE:

5.73

Ulcer Index

XLI:

2.13%

PAVE:

3.63%

Daily Std Dev

XLI:

13.72%

PAVE:

19.04%

Max Drawdown

XLI:

-62.26%

PAVE:

-44.08%

Current Drawdown

XLI:

-8.02%

PAVE:

-11.03%

Returns By Period

In the year-to-date period, XLI achieves a 17.32% return, which is significantly lower than PAVE's 18.89% return.


XLI

YTD

17.32%

1M

-4.66%

6M

8.26%

1Y

18.07%

5Y*

11.99%

10Y*

10.87%

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.


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.


Sharpe ratio
The chart of Sharpe ratio for XLI, currently valued at 1.38, compared to the broader market0.002.004.001.381.09
The chart of Sortino ratio for XLI, currently valued at 2.03, compared to the broader market-2.000.002.004.006.008.0010.002.031.65
The chart of Omega ratio for XLI, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.20
The chart of Calmar ratio for XLI, currently valued at 2.37, compared to the broader market0.005.0010.0015.002.371.88
The chart of Martin ratio for XLI, currently valued at 8.92, compared to the broader market0.0020.0040.0060.0080.00100.008.925.73
XLI
PAVE

The current XLI Sharpe Ratio is 1.38, which is comparable to the PAVE Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of XLI 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 Ratio1.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.38
1.09
XLI
PAVE

Dividends

XLI vs. PAVE - Dividend Comparison

XLI's dividend yield for the trailing twelve months is around 0.93%, more than PAVE's 0.58% yield.


TTM20232022202120202019201820172016201520142013
XLI
Industrial Select Sector SPDR Fund
0.93%1.63%1.64%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.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.02%
-11.03%
XLI
PAVE

Volatility

XLI vs. PAVE - Volatility Comparison

The current volatility for Industrial Select Sector SPDR Fund (XLI) is 4.14%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 5.21%. 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%JulyAugustSeptemberOctoberNovemberDecember
4.14%
5.21%
XLI
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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