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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)
$21,823,407
AUM
$4,993,260,818
Associated Index
INDXX U.S. Infrastructure Development Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

ETN
Eaton Corporation plc
3.73%
PH
Parker-Hannifin Corp.
3.46%
TT
Trane Technologies plc - Ordinary Shares - Class A
3.25%
URI
United Rentals, Inc.
3.16%
FAST
Fastenal Co.
3.06%
EMR
Emerson Electric Co.
3.04%
ROK
Rockwell Automation Inc
2.86%
UNP
Union Pacific Corp.
2.80%
NUE
Nucor Corp.
2.79%
PWR
Quanta Services, Inc.
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 FXR, FIDU, VIS

PAVE
Global X Funds - Global X U.S. Infrastructure Development ETF
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
FIDU
Fidelity Covington Trust - Fidelity MSCI Industrials Index ETF
VIS
Vanguard Group, Inc. - Vanguard Industrials ETF
RSPN
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Industrials ETF
XLI
SSgA Active Trust - Industrial Select Sector SPDR
IYJ
BlackRock Institutional Trust Company N.A. - iShares U.S. Industrials 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
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
MDY
State Street Global Advisors - S&P MidCap 400 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

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

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 -0.0459%. This is the percent change in the value of PAVE over the most recent 1-month period. The 3-month return on PAVE is 0.0069%. 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 0.2193%. 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 PRF, DSI, and USMV.

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

ETFs that are inversely correlated to PAVE include RWM, TZA, 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.