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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XTN or PAVE.
Key characteristics
| XTN | PAVE | |
|---|---|---|
| YTD Return | 10.49% | 31.13% |
| 1Y Return | 34.87% | 52.78% |
| 3Y Return (Ann) | -1.31% | 16.89% |
| 5Y Return (Ann) | 8.03% | 21.69% |
| Sharpe Ratio | 1.47 | 2.77 |
| Sortino Ratio | 2.20 | 3.78 |
| Omega Ratio | 1.25 | 1.48 |
| Calmar Ratio | 1.11 | 5.89 |
| Martin Ratio | 5.32 | 15.42 |
| Ulcer Index | 6.16% | 3.40% |
| Daily Std Dev | 22.29% | 18.92% |
| Max Drawdown | -43.77% | -44.08% |
| Current Drawdown | -4.81% | -0.29% |
Correlation
The correlation between XTN and PAVE is 0.82, 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
XTN vs. PAVE - Performance Comparison
In the year-to-date period, XTN achieves a 10.49% return, which is significantly lower than PAVE's 31.13% 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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XTN vs. PAVE - Expense Ratio Comparison
XTN has a 0.35% expense ratio, which is lower than PAVE's 0.47% expense ratio.
Risk-Adjusted Performance
XTN vs. PAVE - Risk-Adjusted Performance 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.
Dividends
XTN vs. PAVE - Dividend Comparison
XTN's dividend yield for the trailing twelve months is around 0.76%, more than PAVE's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTN SPDR S&P Transportation ETF | 0.76% | 0.73% | 1.04% | 1.02% | 0.75% | 1.17% | 0.98% | 0.64% | 0.66% | 1.03% | 0.39% | 0.42% |
PAVE Global X US Infrastructure Development ETF | 0.52% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
XTN vs. PAVE - Volatility Comparison
SPDR S&P Transportation ETF (XTN) has a higher volatility of 8.40% compared to Global X US Infrastructure Development ETF (PAVE) at 7.76%. 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.