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ETFs

Global X U.S. Infrastructure Development ETF

PAVE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 06 2017
Expense Ratio
0.47%
Type
US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$39,418,951
AUM
$3,865,097,600
Associated Index
INDXX U.S. Infrastructure Development Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TT
Trane Technologies plc - Ordinary Shares - Class A
3.31%
FAST
Fastenal Co.
3.29%
ETN
Eaton Corporation plc
3.25%
PH
Parker-Hannifin Corp.
3.21%
ROK
Rockwell Automation Inc
3.14%
URI
United Rentals, Inc.
3.09%
DE
Deere & Co.
3.01%
NUE
Nucor Corp.
2.99%
EMR
Emerson Electric Co.
2.92%
SRE
Sempra Energy
2.78%
Invest with PAVE

What is PAVE?

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction. The Index is a modified market capitalization weighted index designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials (collectively, U.S. Infrastructure Development Companies ), as defined by Indxx.

ETFs related toPAVE

ETFs correlated to PAVE include VIS, FIDU, RGI

PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
RGI
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
XLI
SSgA Active Trust - Industrial Select Sector SPDR
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPAVE

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus

Risk Rating

Moderate

Create your own algorithmic trading strategy with PAVE using Composer

FAQ

PAVE is a US Equities ETF. The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction. The Index is a modified market capitalization weighted index designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials (collectively, U.S. Infrastructure Development Companies ), as defined by Indxx.

PAVE tracks the INDXX U.S. Infrastructure Development Index.

No, PAVE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PAVE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PAVE is -0.0597%. This is the percent change in the value of PAVE over the most recent 1-month period. The 3-month return on PAVE is 0.0209%. This is the percent change in the value of PAVE over the most recent 3-month period.

The standard deviation of PAVE for the past year is 0.2635%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PAVE include QUAL, SUSA, and USMV.

ETFs correlated to PAVE include VIS, FIDU, and RGI.

ETFs that are inversely correlated to PAVE include RWM, SRTY, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.