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

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.


-0.50.00.51.00.8

Performance

XTN vs. PAVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Transportation ETF (XTN) and Global X US Infrastructure Development ETF (PAVE). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
12.72%
10.21%
XTN
PAVE

Key characteristics

Sharpe Ratio

XTN:

0.89

PAVE:

1.56

Sortino Ratio

XTN:

1.42

PAVE:

2.25

Omega Ratio

XTN:

1.16

PAVE:

1.28

Calmar Ratio

XTN:

0.80

PAVE:

2.39

Martin Ratio

XTN:

3.01

PAVE:

6.53

Ulcer Index

XTN:

6.26%

PAVE:

4.58%

Daily Std Dev

XTN:

21.18%

PAVE:

19.14%

Max Drawdown

XTN:

-43.77%

PAVE:

-44.08%

Current Drawdown

XTN:

-5.98%

PAVE:

-6.34%

Returns By Period

In the year-to-date period, XTN achieves a 4.07% return, which is significantly lower than PAVE's 6.14% return.


XTN

YTD

4.07%

1M

4.40%

6M

13.60%

1Y

16.49%

5Y*

7.10%

10Y*

6.73%

PAVE

YTD

6.14%

1M

5.27%

6M

12.01%

1Y

28.25%

5Y*

19.88%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


XTN vs. PAVE - Expense Ratio Comparison

XTN has a 0.35% 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 XTN: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

XTN vs. PAVE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XTN
The Risk-Adjusted Performance Rank of XTN is 3434
Overall Rank
The Sharpe Ratio Rank of XTN is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of XTN is 3636
Sortino Ratio Rank
The Omega Ratio Rank of XTN is 3232
Omega Ratio Rank
The Calmar Ratio Rank of XTN is 3535
Calmar Ratio Rank
The Martin Ratio Rank of XTN is 3232
Martin Ratio Rank

PAVE
The Risk-Adjusted Performance Rank of PAVE is 6262
Overall Rank
The Sharpe Ratio Rank of PAVE is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of PAVE is 6363
Sortino Ratio Rank
The Omega Ratio Rank of PAVE is 6161
Omega Ratio Rank
The Calmar Ratio Rank of PAVE is 6969
Calmar Ratio Rank
The Martin Ratio Rank of PAVE is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for XTN, currently valued at 0.89, compared to the broader market0.002.004.000.891.56
The chart of Sortino ratio for XTN, currently valued at 1.42, compared to the broader market0.005.0010.001.422.25
The chart of Omega ratio for XTN, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.003.501.161.28
The chart of Calmar ratio for XTN, currently valued at 0.80, compared to the broader market0.005.0010.0015.0020.000.802.39
The chart of Martin ratio for XTN, currently valued at 3.01, compared to the broader market0.0020.0040.0060.0080.00100.003.016.53
XTN
PAVE

The current XTN Sharpe Ratio is 0.89, which is lower than the PAVE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of XTN 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 Ratio-1.000.001.002.003.00AugustSeptemberOctoberNovemberDecember2025
0.89
1.56
XTN
PAVE

Dividends

XTN vs. PAVE - Dividend Comparison

XTN's dividend yield for the trailing twelve months is around 0.89%, more than PAVE's 0.51% yield.


TTM20242023202220212020201920182017201620152014
XTN
SPDR S&P Transportation ETF
0.89%0.93%0.73%1.04%1.02%0.75%1.17%0.98%0.64%0.66%1.03%0.39%
PAVE
Global X US Infrastructure Development ETF
0.51%0.54%0.68%0.84%0.48%0.44%0.67%0.78%0.30%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.


-20.00%-15.00%-10.00%-5.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-5.98%
-6.34%
XTN
PAVE

Volatility

XTN vs. PAVE - Volatility Comparison

The current volatility for SPDR S&P Transportation ETF (XTN) is 5.33%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 6.09%. This indicates that XTN 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.


4.00%6.00%8.00%10.00%AugustSeptemberOctoberNovemberDecember2025
5.33%
6.09%
XTN
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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