HDV vs PAVE

Comparison between ISHARES CORE HIGH DIVIDEND ETF (HDV, ETF) and GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF).

5-Year PerformancePAVE has outperformed HDV, delivering a return of +17.1% compared to +10.5%

HDV vs PAVE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HDV(ETF)	PAVE(ETF)
Net Assets	$14B	$13B
Expense Ratio	0.08%	0.47%
Max Drawdown	37.04%	44.08%
Sharpe Ratio	1.69	1.83
5Y Beta	0.33	1.07
P/E Ratio	21.55	36.31
Forward P/E	16.68	23.72
PEG Ratio	0.93	N/A
5Y Dividends CAGR	5.91%	31.45%
5Y EPS CAGR	9.20%	16.06%
Debt to Equity	-57.38%	38.69%
P/S Ratio	2.90	2.55
P/B Ratio	4.07	4.24

Net Assets

Winner

HDV

$14B

PAVE

$13B

Expense Ratio

Winner

HDV

0.08%

PAVE

0.47%

Max Drawdown

Winner

HDV

37.04%

PAVE

44.08%

Sharpe Ratio

HDV

1.69

Winner

PAVE

1.83

5Y Beta

Winner

HDV

0.33

PAVE

1.07

P/E Ratio

Winner

HDV

21.55

PAVE

36.31

Forward P/E

Winner

HDV

16.68

PAVE

23.72

PEG Ratio

HDV

0.93

PAVE

N/A

5Y Dividends CAGR

HDV

5.91%

Winner

PAVE

31.45%

5Y EPS CAGR

HDV

9.20%

Winner

PAVE

16.06%

Debt to Equity

Winner

HDV

-57.38%

PAVE

38.69%

P/S Ratio

HDV

2.90

Winner

PAVE

2.55

P/B Ratio

Winner

HDV

4.07

PAVE

4.24

HDV vs PAVE - Holdings Comparison

HDV and PAVE have 1 common holdings. Overlap is 0.00%

HDV's top 25 holdings weight is 81.04%. PAVE's top 25 holdings weight is 63.36%.

Rank	HDV	PAVE
#1	EXXON MOBIL CORP (XOM) - 8.53%	QUANTA SERVICES INC (PWR) - 3.57%
#2	CHEVRON CORP (CVX) - 6.42%	TRANE TECHNOLOGIES PLC CLASS A (TT) - 3.40%
#3	JOHNSON & JOHNSON (JNJ) - 6.04%	EATON CORP PLC (ETN) - 3.39%
#4	ABBVIE INC (ABBV) - 5.48%	CSX CORP (CSX) - 3.34%
#5	PROCTER & GAMBLE CO (PG) - 4.51%	HOWMET AEROSPACE INC (HWM) - 3.34%
#6	MERCK & CO INC (MRK) - 4.29%	DEERE & CO (DE) - 3.21%
#7	THE HOME DEPOT INC (HD) - 4.28%	SEMPRA (SRE) - 3.16%
#8	PHILIP MORRIS INTERNATIONAL INC (PM) - 4.15%	UNION PACIFIC CORP (UNP) - 3.06%
#9	COCA-COLA CO (KO) - 3.89%	PARKER HANNIFIN CORP (PH) - 2.95%
#10	PROGRESSIVE CORP (PGR) - 3.74%	NORFOLK SOUTHERN CORP (NSC) - 2.92%
#11	PEPSICO INC (PEP) - 3.72%	FASTENAL CO (FAST) - 2.80%
#12	ALTRIA GROUP INC (MO) - 3.51%	EMERSON ELECTRIC CO (EMR) - 2.71%
#13	TEXAS INSTRUMENTS INC (TXN) - 2.77%	ROCKWELL AUTOMATION INC (ROK) - 2.68%
#14	BLACKSTONE INC (BX) - 2.27%	CRH PLC (CRH) - 2.66%
#15	CONOCOPHILLIPS (COP) - 2.13%	NUCOR CORP (NUE) - 2.41%
#16	QUALCOMM INC (QCOM) - 1.73%	UNITED RENTALS INC (URI) - 2.27%
#17	MEDTRONIC PLC (MDT) - 1.71%	VULCAN MATERIALS CO (VMC) - 2.17%
#18	U.S. BANCORP (USB) - 1.70%	MARTIN MARIETTA MATERIALS INC (MLM) - 2.10%
#19	ACCENTURE PLC CLASS A (ACN) - 1.69%	EMCOR GROUP INC (EME) - 2.02%
#20	DUKE ENERGY CORP (DUK) - 1.63%	AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.84%
#21	SOUTHERN CO (SO) - 1.59%	HUBBELL INC (HUBB) - 1.61%
#22	PNC FINANCIAL SERVICES GROUP INC (PNC) - 1.45%	MASTEC INC (MTZ) - 1.60%
#23	STARBUCKS CORP (SBUX) - 1.34%	STEEL DYNAMICS INC (STLD) - 1.58%
#24	MONDELEZ INTERNATIONAL INC CLASS A (MDLZ) - 1.29%	WOODWARD INC (WWD) - 1.34%
#25	WILLIAMS COMPANIES INC (WMB) - 1.18%	ATI INC (ATI) - 1.23%
Total Holdings	80	101

HDV vs PAVE - Historical Returns

Returns include dividend reinvestment.

Period	HDV	PAVE
1 month	+1.02%	+4.37%
3 months	-2.18%	+2.52%
6 months	+13.12%	+19.84%
1 year	+21.10%	+38.53%
5 years(CAGR)	+10.46%	+17.10%
10 years(CAGR)	+9.35%	+16.63%
Max(CAGR)	+10.50%	+16.63%

HDV

+1.02%

Winner

PAVE

+4.37%

HDV

-2.18%

Winner

PAVE

+2.52%

HDV

+13.12%

Winner

PAVE

+19.84%

HDV

+21.10%

Winner

PAVE

+38.53%

5Y(CAGR)

HDV

+10.46%

Winner

PAVE

+17.10%

10Y(CAGR)

HDV

+9.35%

Winner

PAVE

+16.63%

Max(CAGR)

HDV

+10.50%

Winner

PAVE

+16.63%

HDV vs PAVE - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	HDV	PAVE
2026	+11.39%	+16.77%
2025	+11.89%	+19.84%
2024	+12.43%	+19.14%
2023	+2.36%	+30.96%
2022	+6.85%	-6.23%
2021	+20.28%	+38.38%
2020	-6.68%	+19.91%
2019	+20.39%	+32.56%
2018	-3.16%	-20.25%
2017	+12.68%	+14.10%
2016	+16.96%	N/A
2015	-0.39%	N/A
2014	+13.75%	N/A
2013	+20.59%	N/A
2012	+9.73%	N/A
2011	+11.41%	N/A

HDV vs PAVE Drawdown Comparison

The maximum drawdown for HDV was -37.04%, occurring on Mar 23, 2020. Recovery took 302 trading sessions.

The maximum drawdown for PAVE was -44.08%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.

The current HDV drawdown is -2.84%. The current PAVE drawdown is -2.25%.

Rank	HDV	PAVE
#1	-37.04% Dec 23, 2019 - Mar 8, 2021	-44.08% Jan 17, 2020 - Oct 7, 2020
#2	-15.39% Apr 20, 2022 - Nov 30, 2022	-27.83% Jan 26, 2018 - Nov 26, 2019
#3	-12.86% Dec 3, 2018 - Feb 22, 2019	-26.23% Nov 25, 2024 - Jul 23, 2025
#4	-12.51% Apr 23, 2015 - Mar 2, 2016	-22.61% Jan 4, 2022 - Jan 31, 2023
#5	-12.02% May 19, 2011 - Oct 27, 2011	-13.34% Sep 1, 2023 - Dec 13, 2023
#6	-11.86% Jan 26, 2018 - Sep 21, 2018	-11.91% Feb 24, 2026 - Apr 23, 2026
#7	-10.49% Mar 31, 2025 - Jul 10, 2025	-11.65% Mar 3, 2023 - Jun 15, 2023
#8	-9.78% Nov 30, 2022 - Jan 2, 2024	-10.11% Jan 12, 2021 - Feb 24, 2021
#9	-7.72% Nov 29, 2024 - Feb 24, 2025	-9.09% May 7, 2021 - Aug 11, 2021
#10	-7.27% Oct 18, 2012 - Jan 25, 2013	-8.63% Jul 31, 2024 - Sep 19, 2024
#11	-6.41% Jul 22, 2016 - Dec 13, 2016	-8.51% Aug 12, 2021 - Oct 25, 2021
#12	-6.17% Apr 30, 2019 - Jun 20, 2019	-8.39% Mar 28, 2024 - Jul 16, 2024
#13	-6.04% Nov 15, 2013 - Mar 17, 2014	-7.53% Mar 15, 2017 - Sep 19, 2017
#14	-5.71% Sep 19, 2014 - Oct 31, 2014	-7.45% Nov 23, 2021 - Jan 4, 2022
#15	-5.54% Nov 11, 2011 - Nov 30, 2011	-6.98% Oct 12, 2020 - Nov 3, 2020

Correlation

Correlation between HDV and PAVE is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2011 - 2026)

HDV vs PAVE dividend yield comparison.

Year	HDV	PAVE
2026	0.62%	0.00%
2025	3.22%	0.92%
2024	3.67%	0.54%
2023	3.82%	0.68%
2022	3.56%	0.84%
2021	3.47%	0.48%
2020	4.07%	0.44%
2019	3.27%	0.67%
2018	3.67%	0.78%
2017	3.27%	0.30%
2016	3.28%	0.00%
2015	3.92%	0.00%
2014	3.20%	0.00%
2013	3.18%	0.00%
2012	3.56%	0.00%
2011	1.65%	0.00%