IPAV vs QEW
Comparison between GLOBAL X INFRASTRUCTURE DEVELOPMENT EX-U.S. ETF (IPAV, ETF) and Invesco QQQ Equal Weight ETF (QEW, ETF).
IPAV vs QEW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPAV
$5.40M
QEW
$5.40M
Expense Ratio
IPAV
0.55%
Winner
QEW
0.25%
Max Drawdown
IPAV
14.59%
Winner
QEW
4.54%
Sharpe Ratio
IPAV
1.14
Winner
QEW
3.62
5Y Beta
Winner
IPAV
0.75
QEW
1.11
P/E Ratio
IPAV
N/A
QEW
38.57
Forward P/E
IPAV
N/A
QEW
19.95
PEG Ratio
IPAV
N/A
QEW
0.12
5Y EPS CAGR
IPAV
N/A
QEW
18.57%
Debt to Equity
IPAV
N/A
QEW
41.43%
P/S Ratio
IPAV
N/A
QEW
4.26
P/B Ratio
IPAV
N/A
QEW
5.84
IPAV vs QEW - Holdings Comparison
IPAV and QEW have 1 common holdings. Overlap is -0.16%
IPAV's top 25 holdings weight is 66.16%. QEW's top 25 holdings weight is 36.37%.
| Rank | IPAV | QEW |
|---|---|---|
| #1 | ARCELORMITTAL SA NEW REG.SHS EX-ARCELOR (n/a) - 3.95% | INTEL CORP (INTC) - 2.34% |
| #2 | PRYSMIAN SPA (n/a) - 3.81% | ADVANCED MICRO DEVICES INC (AMD) - 2.08% |
| #3 | SHIN-ETSU CHEMICAL CO LTD (n/a) - 3.74% | ARM HOLDINGS PLC ADR (ARM) - 2.02% |
| #4 | KOMATSU LTD (n/a) - 3.41% | MARVELL TECHNOLOGY INC (MRVL) - 1.97% |
| #5 | POSCO HOLDINGS INC (n/a) - 3.31% | MICRON TECHNOLOGY INC (MU) - 1.77% |
| #6 | CANADIAN PACIFIC LTD (n/a) - 3.03% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.70% |
| #7 | CANADIAN NATIONAL RAILWAY CO (n/a) - 2.99% | QUALCOMM INC (QCOM) - 1.60% |
| #8 | TATA STEEL LTD (n/a) - 2.97% | WESTERN DIGITAL CORP (WDC) - 1.49% |
| #9 | VINCI SA (n/a) - 2.95% | DATADOG INC CLASS A (DDOG) - 1.49% |
| #10 | CEMEX SAB DE CV ADR (CX) - 2.92% | NXP SEMICONDUCTORS NV (NXPI) - 1.45% |
| #11 | FERROVIAL SE (n/a) - 2.88% | TEXAS INSTRUMENTS INC (TXN) - 1.44% |
| #12 | CELLNEX TELECOM SA (n/a) - 2.87% | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.37% |
| #13 | EPIROC AB ORDINARY SHARES CLASS A (n/a) - 2.86% | FORTINET INC (FTNT) - 1.37% |
| #14 | HOLCIM LTD (n/a) - 2.69% | PALO ALTO NETWORKS INC (PANW) - 1.31% |
| #15 | n/a (n/a) - 2.48% | SANDISK CORP ORDINARY SHARES (SNDK) - 1.30% |
| #16 | ULTRATECH CEMENT LTD (n/a) - 2.47% | MICROCHIP TECHNOLOGY INC (MCHP) - 1.30% |
| #17 | LARSEN & TOUBRO LTD (n/a) - 2.46% | MONOLITHIC POWER SYSTEMS INC (MPWR) - 1.30% |
| #18 | NIPPON STEEL CORP (n/a) - 2.41% | CISCO SYSTEMS INC (CSCO) - 1.27% |
| #19 | HEIDELBERG MATERIALS AG (n/a) - 2.34% | LAM RESEARCH CORP (LRCX) - 1.18% |
| #20 | JSW STEEL LTD (n/a) - 2.17% | ANALOG DEVICES INC (ADI) - 1.13% |
| #21 | ATKINSREALIS GROUP INC (n/a) - 1.84% | BROADCOM INC (AVGO) - 1.12% |
| #22 | LS ELECTRIC CO LTD (n/a) - 1.62% | CADENCE DESIGN SYSTEMS INC (CDNS) - 1.12% |
| #23 | BLUESCOPE STEEL LTD (n/a) - 1.56% | KLA CORP (KLAC) - 1.10% |
| #24 | NKT AS (n/a) - 1.31% | AMAZON.COM INC (AMZN) - 1.08% |
| #25 | n/a (n/a) - 1.12% | APPLIED MATERIALS INC (AMAT) - 1.07% |
| Total Holdings | 103 | 103 |
IPAV vs QEW - Historical Returns
Returns include dividend reinvestment.
1M
IPAV
-4.94%
Winner
QEW
+4.60%
3M
IPAV
+3.09%
Winner
QEW
+16.10%
6M
IPAV
+12.51%
QEW
N/A
1Y
IPAV
+23.99%
QEW
N/A
Max(CAGR)
IPAV
+17.58%
Winner
QEW
+99.37%
IPAV vs QEW - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | IPAV | QEW |
|---|---|---|
| 2026 | +8.81% | +16.10% |
| 2025 | +29.49% | N/A |
| 2024 | -6.87% | N/A |
IPAV vs QEW Drawdown Comparison
The maximum drawdown for IPAV was -14.59%, occurring on Mar 30, 2026. Recovery took 48 trading sessions.
The maximum drawdown for QEW was -4.54%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current IPAV drawdown is -8.05%. The current QEW drawdown is -4.54%.
| Rank | IPAV | QEW |
|---|---|---|
| #1 | -14.59% Feb 25, 2026 - May 5, 2026 | -4.54% Jun 2, 2026 - Jun 5, 2026 |
| #2 | -14.19% Sep 26, 2024 - May 5, 2025 | -4.15% Mar 19, 2026 - Apr 8, 2026 |
| #3 | -8.05% May 6, 2026 - Jun 5, 2026 | -1.62% Apr 24, 2026 - Apr 30, 2026 |
| #4 | -5.41% Jul 23, 2025 - Sep 11, 2025 | -1.34% May 11, 2026 - May 20, 2026 |
| #5 | -5.06% Oct 28, 2025 - Dec 15, 2025 | -0.94% Apr 8, 2026 - Apr 13, 2026 |
| #6 | -3.57% Aug 30, 2024 - Sep 19, 2024 | -0.88% May 26, 2026 - May 28, 2026 |
| #7 | -3.03% Jun 11, 2025 - Jun 26, 2025 | -0.35% Apr 20, 2026 - Apr 22, 2026 |
| #8 | -2.45% Sep 16, 2025 - Oct 3, 2025 | -0.18% May 1, 2026 - May 5, 2026 |
| #9 | -2.22% Oct 8, 2025 - Oct 15, 2025 | -0.15% Apr 22, 2026 - Apr 24, 2026 |
| #10 | -2.03% Feb 11, 2026 - Feb 24, 2026 | -0.05% May 6, 2026 - May 8, 2026 |
| #11 | -1.85% Dec 15, 2025 - Dec 23, 2025 | N/A |
| #12 | -1.66% Jan 29, 2026 - Feb 3, 2026 | N/A |
| #13 | -1.49% Jan 15, 2026 - Jan 22, 2026 | N/A |
| #14 | -1.41% Jul 3, 2025 - Jul 9, 2025 | N/A |
| #15 | -1.33% May 5, 2025 - May 12, 2025 | N/A |
Correlation
Correlation between IPAV and QEW is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
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