Global X - U.S. Infrastructure Development ETF
$53.54+0.17 (+0.32%)
- 0.47%
- $13.7B
- +16.0%
- 0.81%
- 1.8M sh
- $53.45
- low $45.44high $60.43
The ETF.net PAVE Grade
A
Score 75 out of 100
- 3 of 34
Score 75 of 100 falls in the A 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.A77 out of 100Rank 7 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.C44 out of 100Rank 24 of 34Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A98 out of 100Rank 1 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A78 out of 100Rank 6 of 32Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 4 of 34
Our read on PAVE
AMost infrastructure funds own the toll roads and pipelines. PAVE owns the US companies that build them, tracking the Indxx U.S. Infrastructure Development Index since its 2017 launch.
The fund seeks to track, before fees and expenses, the price and yield performance of the Indxx U.S. Infrastructure Development Index.
Why people hold it
- Charges 0.47% a year, undercutting the typical fee among infrastructure ETFs.
- A multi-billion-dollar fund that trades actively, which generally means tight spreads at everyday order sizes.
- About 100 US-listed names, so the exposure is domestic build-out rather than the global utility-and-pipeline basket you get in IGF or GII.
- Live since 2017 and one of the stronger implementations in its infrastructure peer group.
Worth knowing
- Builders, machinery and materials names move with the economic cycle, and this fund screens as riskier than the infrastructure category norm.
- US-only by mandate, so no overseas airports or toll roads; peers like IGF and GII cover that ground.
- Distributions land once or twice a year, so income is a side effect here, not the design.
PAVE Holdings
- Stocks
- 102
- 33%
- EMR
Sectors
- Industrials75.2%
- Materials18.7%
- Utilities3.5%
- Technology2.5%
Geography
- United States92.75%
- Ireland6.49%
- United Kingdom0.51%
- Belgium0.25%
PAVE 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.
PAVE$11,596
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 | PAVE |
|---|---|
| Year to date | +11.9% |
| 1 month | −1.3% |
| 3 months | −5.9% |
| 1 year | +16.0% |
| 3 years | +21.4% |
| 5 years | +16.4% |
| 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 | PAVE |
|---|---|---|
| 2026 YTD | +11.9% | |
| 2025 | +19.4% | |
| 2024 | +17.9% | |
| 2023 | +31.0% | |
| 2022 | −7.2% | |
| 2021 | +36.4% | |
| 2020 | +19.7% |
PAVE in the news
PAVE Dividends
- 0.81%
- $0.43
- $0.10 per share
- Twice a year
Distribution history
PAVE Risk
- 20.5%
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.
- 0.81
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.
- −26.2%
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.
- 1.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PAVE Cost
0.47%
PAVE0.47%
- The middle half of Infrastructure funds
- Median 0.55%
8 of the 33 Infrastructure funds charge less.
Other funds in Infrastructure
- AIFRAiShares U.S. Infrastructure ETFExpense ratio 0.30%1 year return +11.5%
- AGIIState Street SPDR S&P Global Infrastructure ETFExpense ratio 0.40%1 year return +6.1%
- ANFRANorthern Trust STOXX Global Broad Infrastructure ETFExpense ratio 0.48%1 year return +7.0%
- BIDGTiShares U.S. Digital Infrastructure and Real Estate ETFExpense ratio 0.37%1 year return +38.5%
- BTOLZProShares - DJ Brookfield Global Infrastructure ETFExpense ratio 0.46%1 year return +9.3%