PAVE
Global X U.S. Infrastructure Development ETF
The Global X U.S. Infrastructure Development ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 11.3 B
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Inception date | Mar 06, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| QUANTA SERVICES INC | 3.7 % |
| SEMPRA ENERGY | 3.5 % |
| CSX CORP | 3.5 % |
| DEERE & CO | 3.4 % |
| EATON CORP PLC | 3.3 % |
| TRANE TECHNOLOGIES PLC | 3.3 % |
| HOWMET AEROSPACE INC. | 3.3 % |
| UNION PACIFIC CORP | 3.2 % |
| FASTENAL CO | 3.1 % |
| NORFOLK SOUTHERN CORP | 3.1 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 197 |
| Wgt avg mkt cap (mns) | $45,691 |
| Large cap (>$10bn) | 79.4% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 4.9% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 86.9 % |
 |
IRELAND | 9.1 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.3% | 37.0% | 20.9% | 23.6% | 19.2% | -- | -- | 15.8% |
| Dividend Yield | 0.0% | 1.3% | 0.9% | 0.9% | 0.9% | -- | -- | 0.8% |
| Total Returns | 15.3% | 38.3% | 21.8% | 24.5% | 20.1% | -- | -- | 16.6% | Ann. Volatility | 19.1% | 22.3% | 20.9% | 20.2% | 21.4% | -- | -- | 24.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 76% |
| MSCI EAFE | 1.00 | 55% |
| MSCI Emg Mkts | 0.85 | 48% |
Liquidity Measures
| Avg. volume (000) | 1,665 |
| ADV traded (mns) | $82 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $51.64 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.83/-0.73 |
| Bollinger Bands (Upper/Lower) | $54.73/$48.15 |
| Short interest (% of AUM) | 0.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PAVE |
Expenses vs. PAVE |
ALTAR Score™ vs. PAVE |
|---|---|---|---|---|
| HWAY | Themes US Infrastructure ETF | 59.7% | -18 bp | +0.7% |
| XLI | Industrial Select Sector SPDR | 25.6% | -39 bp | -0.4% |
| VIS | Vanguard Industrials ETF | 24.4% | -38 bp | -0.4% |
| FIDU | Fidelity MSCI Industrial Index ETF | 24.3% | -39 bp | -0.5% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 23.6% | -7 bp | +0.5% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 23.1% | +2 bp | +1.0% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 22.6% | +18 bp | -0.3% |
| IFRA | iShares U.S. Infrastructure ETF | 22.0% | -17 bp | +0.8% |
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 21.1% | +13 bp | -2.7% |
| IYJ | iShares U.S. Industrials ETF | 20.9% | -7 bp | -0.1% |
Risk and Returns: PAVE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/31/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.1%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. PAVE's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places PAVE in the 35th percentile
among funds in the category.
Sell-Side Consensus
$58.72
PRICE TARGET
+19.4%
UPSIDE