Global X Infrastructure Development ex-U.S. ETF
$30.07+0.17 (+0.57%)
- 0.55%
- $6M
- +8.3%
- 1.59%
- 0M sh
- $29.95
- low $27.96high $35.40
The ETF.net IPAV Grade
C
Score 42 out of 100
- 21 of 34
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B55 out of 100Rank 15 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 27 of 34Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 32 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 12 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D29 out of 100Rank 28 of 34
Our read on IPAV
CMost of the world's building happens outside the United States. IPAV takes the infrastructure-development idea (contractors, materials, equipment, any sector) and points it entirely overseas, across developed and emerging markets.
IPAV seeks to track, before fees and expenses, the price and yield performance of the Global X Infrastructure Development ex-U.S. Index.
Why people hold it
- Buys the build-out chain, not the finished toll road: about 100 non-U.S. companies tied to infrastructure activity, selected regardless of sector or industry label.globalxetfs.com
- The overseas half of a pair. Global X runs the same development-focused approach for U.S. builders in PAVE, so this one covers developed and emerging markets outside the States.globalxetfs.com
- Rules-based, not a stock-picker's hunch: it tracks the Global X Infrastructure Development ex-U.S. Index before fees and expenses.
Worth knowing
- 0.55% is mid-pack for thematic infrastructure, but above broad global options such as IGF at 0.37% and its U.S. sibling PAVE at 0.47%.
- Launched in 2024 and still a small, lightly traded fund, so spreads tend to run wider than at the category's giants and the track record is short.
- Builders and materials names skew cyclical rather than utility-like, and cash comes back once or twice a year, not monthly.globalxetfs.com
IPAV Holdings
- Stocks
- 103
- 33%
- Cash
Sectors
- Industrials46.9%
- Materials45.8%
- Real Estate2.8%
- Communication2.4%
- Energy1.2%
- Utilities0.7%
- Technology0.2%
- Consumer Discretionary0.1%
Geography
- India19.19%
- Japan14.34%
- South Korea8.68%
- Canada8.49%
- France5.77%
- Italy4.93%
- Netherlands4.32%
- Brazil3.69%
- 30.59%
Developed 58% · Emerging 42%
IPAV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
IPAV$10,829
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IPAV |
|---|---|
| Year to date | +2.2% |
| 1 month | −6.8% |
| 3 months | −5.5% |
| 1 year | +8.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IPAV |
|---|---|---|
| 2026 YTD | +2.2% | |
| 2025 | +29.0% | |
| 2024 | −6.3% |
IPAV in the news
IPAV Dividends
- 1.59%
- $0.48
- $0.23 per share
- Twice a year
Distribution history
IPAV Risk
- 16.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.48
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −15.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IPAV Cost
0.55%
IPAV0.55%
- The middle half of Infrastructure funds
- Median 0.55%
14 of the 33 Infrastructure funds charge less.
Other funds in Infrastructure
- CBLDXImpax Global Infrastructure ETFExpense ratio 0.60%1 year return —
- CCSIOCohen & Steers Infrastructure Opportunities Active ETFExpense ratio 0.65%1 year return —
- CGARAGuinness Atkinson Real Assets Income ETFExpense ratio 0.50%1 year return —
- CSHPPPacer Industrials and Logistics ETFExpense ratio 0.60%1 year return +25.3%
- CUPGRXtrackers US Green Infrastructure Select Equity ETFExpense ratio 0.35%1 year return −8.9%