XTN vs. PAVE
Compare and contrast key facts about SPDR S&P Transportation ETF (XTN) and Global X US Infrastructure Development ETF (PAVE).
XTN and PAVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTN is a passively managed fund by State Street that tracks the performance of the S&P Transportation Select Industry Index. It was launched on Jan 26, 2011. 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 XTN 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.
Performance
XTN vs. PAVE - Performance Comparison
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XTN vs. PAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XTN SPDR S&P Transportation ETF | 4.20% | 6.33% | 4.86% | 25.22% | -28.10% | 33.68% | 12.11% | 21.85% | -17.26% | 20.81% |
PAVE Global X US Infrastructure Development ETF | 8.16% | 19.36% | 17.92% | 31.01% | -7.17% | 36.42% | 19.72% | 33.26% | -19.15% | 14.11% |
Returns By Period
In the year-to-date period, XTN achieves a 4.20% return, which is significantly lower than PAVE's 8.16% return.
XTN
- 1D
- 2.14%
- 1M
- -6.91%
- YTD
- 4.20%
- 6M
- 14.61%
- 1Y
- 29.92%
- 3Y*
- 10.41%
- 5Y*
- 2.30%
- 10Y*
- 8.66%
PAVE
- 1D
- 1.73%
- 1M
- -6.65%
- YTD
- 8.16%
- 6M
- 9.30%
- 1Y
- 37.33%
- 3Y*
- 23.06%
- 5Y*
- 16.25%
- 10Y*
- —
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XTN vs. PAVE - Expense Ratio Comparison
XTN has a 0.35% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Return for Risk
XTN vs. PAVE — Risk / Return Rank
XTN
PAVE
XTN vs. PAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Transportation ETF (XTN) 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.
| XTN | PAVE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.67 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.37 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.05 | -1.33 |
Martin ratioReturn relative to average drawdown | 5.10 | 11.19 | -6.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTN | PAVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.67 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.76 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.64 | -0.24 |
Correlation
The correlation between XTN and PAVE is 0.81, 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.
Dividends
XTN vs. PAVE - Dividend Comparison
XTN's dividend yield for the trailing twelve months is around 0.77%, less than PAVE's 0.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTN SPDR S&P Transportation ETF | 0.77% | 0.78% | 0.93% | 0.73% | 1.04% | 1.02% | 0.75% | 1.17% | 0.98% | 0.63% | 0.66% | 1.03% |
PAVE Global X US Infrastructure Development ETF | 0.85% | 0.92% | 0.54% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% |
Drawdowns
XTN vs. PAVE - Drawdown Comparison
The maximum XTN drawdown since its inception was -43.77%, roughly equal to the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for XTN and PAVE.
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Drawdown Indicators
| XTN | PAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.77% | -44.08% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -12.56% | -4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -26.23% | -8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.77% | — | — |
Current DrawdownCurrent decline from peak | -10.27% | -7.12% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -10.97% | -6.30% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.83% | 3.42% | +2.41% |
Volatility
XTN vs. PAVE - Volatility Comparison
SPDR S&P Transportation ETF (XTN) has a higher volatility of 10.26% compared to Global X US Infrastructure Development ETF (PAVE) at 7.82%. This indicates that XTN'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.
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Volatility by Period
| XTN | PAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 7.82% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 14.05% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.32% | 22.45% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.21% | 21.43% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 24.41% | +1.47% |