IGF vs IPAV

IGFAiShares Global Infrastructure ETF

IPAVDGlobal X Infrastructure Development ex-U.S. ETF

In short

IGF About 80 developed-market infrastructure companies in one ticker, tracked against the S&P Global Infrastructure Index since 2007, for 0.37% a year (well under the category norm).

IPAV Most 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.

Stated mandate

IGF The Fund seeks to track an index of developed-market equities focused on the infrastructure industry.

IPAV 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

• IGF Costs 0.37% a year against a cohort median of 0.55%, so the toll on a long hold is smaller than most infrastructure funds charge.
• The one other fund on the same S&P Global Infrastructure Index, GII, charges 0.40%. Same benchmark, cheaper wrapper here.
• Trading since December 2007, now a multi-billion-dollar, actively traded fund that has tracked its index closely.
• Goes global where the biggest peers stay home: IFRA and PAVE are US-only, while this one spans developed markets worldwide.

• IPAV 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

• IGF About 80 holdings in one industry. A concentrated basket, so a bad stretch for utilities or transport operators shows up fast.
• Distributions arrive once or twice a year, not monthly, and foreign holdings bring currency swings along with the dividends.
• Developed markets only. The fast-building infrastructure of emerging economies sits outside the mandate.

• IPAV 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

Full IGF profile⁠

Full IPAV profile⁠