PAVE vs DFAT
Comparison between GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF) and DIMENSIONAL U.S. TARGETED VALUE ETF (DFAT, ETF).
5-Year PerformancePAVE has outperformed DFAT, delivering a return of +18.7% compared to +10.5%
PAVE vs DFAT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PAVE
$14B
Winner
DFAT
$14B
Expense Ratio
PAVE
0.47%
Winner
DFAT
0.28%
Max Drawdown
PAVE
44.08%
Winner
DFAT
26.61%
Sharpe Ratio
Winner
PAVE
1.59
DFAT
1.52
5Y Beta
PAVE
1.07
Winner
DFAT
0.94
P/E Ratio
Winner
PAVE
37.58
DFAT
46.10
Forward P/E
PAVE
24.06
Winner
DFAT
11.77
5Y Dividends CAGR
PAVE
31.45%
Winner
DFAT
59.33%
5Y EPS CAGR
Winner
PAVE
16.97%
DFAT
7.75%
Debt to Equity
Winner
PAVE
40.41%
DFAT
45.24%
P/S Ratio
PAVE
2.55
Winner
DFAT
0.84
P/B Ratio
PAVE
4.48
Winner
DFAT
1.37
PAVE vs DFAT - Holdings Comparison
PAVE and DFAT have 35 common holdings. Overlap is 4.03%
PAVE's top 25 holdings weight is 63.73%. DFAT's top 25 holdings weight is 12.08%.
| Rank | PAVE | DFAT |
|---|---|---|
| #1 | QUANTA SERVICES INC (PWR) - 4.08% | TD SYNNEX CORP (SNX) - 0.70% |
| #2 | HOWMET AEROSPACE INC (HWM) - 3.48% | TOLL BROTHERS INC (TOL) - 0.66% |
| #3 | CSX CORP (CSX) - 3.41% | ALLY FINANCIAL INC (ALLY) - 0.62% |
| #4 | EATON CORP PLC (ETN) - 3.28% | WESCO INTERNATIONAL INC (WCC) - 0.60% |
| #5 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 3.24% | ALCOA CORP (AA) - 0.56% |
| #6 | NUCOR CORP (NUE) - 3.04% | FIRST HORIZON CORP (FHN) - 0.55% |
| #7 | DEERE & CO (DE) - 3.01% | BORGWARNER INC (BWA) - 0.53% |
| #8 | UNION PACIFIC CORP (UNP) - 2.98% | ELANCO ANIMAL HEALTH INC (ELAN) - 0.53% |
| #9 | UNITED RENTALS INC (URI) - 2.93% | VIATRIS INC (VTRS) - 0.53% |
| #10 | ROCKWELL AUTOMATION INC (ROK) - 2.88% | INVESCO LTD (IVZ) - 0.51% |
| #11 | SEMPRA (SRE) - 2.81% | COMERICA INC (CMA) - 0.49% |
| #12 | NORFOLK SOUTHERN CORP (NSC) - 2.78% | PERMIAN RESOURCES CORP CLASS A (PR) - 0.49% |
| #13 | PARKER HANNIFIN CORP (PH) - 2.69% | SOUTHSTATE BANK CORP (SSB) - 0.49% |
| #14 | FASTENAL CO (FAST) - 2.68% | OVINTIV INC (OVV) - 0.48% |
| #15 | EMERSON ELECTRIC CO (EMR) - 2.65% | UNUM GROUP (UNM) - 0.47% |
| #16 | CRH PLC (CRH) - 2.35% | WEBSTER FINANCIAL CORP (WBS) - 0.46% |
| #17 | STEEL DYNAMICS INC (STLD) - 2.08% | n/a (TAP) - 0.46% |
| #18 | VULCAN MATERIALS CO (VMC) - 2.05% | THE MOSAIC CO (MOS) - 0.46% |
| #19 | EMCOR GROUP INC (EME) - 1.95% | GAP INC (GAP) - 0.45% |
| #20 | MARTIN MARIETTA MATERIALS INC (MLM) - 1.88% | FRANKLIN RESOURCES INC (BEN) - 0.45% |
| #21 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.58% | JONES LANG LASALLE INC (JLL) - 0.32% |
| #22 | MASTEC INC (MTZ) - 1.56% | ONEMAIN HOLDINGS INC (OMF) - 0.32% |
| #23 | CARPENTER TECHNOLOGY CORP (CRS) - 1.51% | JAZZ PHARMACEUTICALS PLC (JAZZ) - 0.32% |
| #24 | HUBBELL INC (HUBB) - 1.42% | n/a (LBRDK) - 0.32% |
| #25 | ATI INC (ATI) - 1.41% | F N B CORP (FNB) - 0.31% |
| Total Holdings | 101 | 1371 |
PAVE vs DFAT - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PAVE
+5.22%
DFAT
+2.39%
3M
Winner
PAVE
+15.16%
DFAT
+11.66%
6M
Winner
PAVE
+18.42%
DFAT
+13.88%
1Y
Winner
PAVE
+37.00%
DFAT
+30.72%
5Y(CAGR)
Winner
PAVE
+18.70%
DFAT
+10.54%
10Y(CAGR)
PAVE
+16.57%
DFAT
N/A
Max(CAGR)
Winner
PAVE
+16.57%
DFAT
+9.98%
PAVE vs DFAT - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | PAVE | DFAT |
|---|---|---|
| 2026 | +18.34% | +14.58% |
| 2025 | +19.84% | +8.95% |
| 2024 | +19.14% | +8.30% |
| 2023 | +30.96% | +21.45% |
| 2022 | -6.23% | -6.99% |
| 2021 | +38.38% | +5.08% |
| 2020 | +19.91% | N/A |
| 2019 | +32.56% | N/A |
| 2018 | -20.25% | N/A |
| 2017 | +14.10% | N/A |
PAVE vs DFAT Drawdown Comparison
The maximum drawdown for PAVE was -44.08%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.
The maximum drawdown for DFAT was -26.11%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The current PAVE drawdown is -2.41%. The current DFAT drawdown is -1.48%.
| Rank | PAVE | DFAT |
|---|---|---|
| #1 | -44.08% Jan 17, 2020 - Oct 7, 2020 | -26.11% Nov 25, 2024 - Dec 10, 2025 |
| #2 | -27.83% Jan 26, 2018 - Nov 26, 2019 | -20.00% Nov 16, 2021 - Feb 1, 2023 |
| #3 | -26.23% Nov 25, 2024 - Jul 23, 2025 | -16.46% Feb 2, 2023 - Jul 31, 2023 |
| #4 | -22.61% Jan 4, 2022 - Jan 31, 2023 | -13.76% Jul 31, 2023 - Dec 13, 2023 |
| #5 | -13.34% Sep 1, 2023 - Dec 13, 2023 | -9.76% Jul 31, 2024 - Nov 6, 2024 |
| #6 | -11.91% Feb 24, 2026 - Apr 23, 2026 | -9.55% Feb 6, 2026 - Apr 20, 2026 |
| #7 | -11.65% Mar 3, 2023 - Jun 15, 2023 | -9.26% Jun 15, 2021 - Oct 7, 2021 |
| #8 | -10.11% Jan 12, 2021 - Feb 24, 2021 | -7.81% Mar 28, 2024 - May 15, 2024 |
| #9 | -9.09% May 7, 2021 - Aug 11, 2021 | -6.86% Dec 27, 2023 - Mar 21, 2024 |
| #10 | -8.63% Jul 31, 2024 - Sep 19, 2024 | -6.33% May 15, 2024 - Jul 15, 2024 |
| #11 | -8.51% Aug 12, 2021 - Oct 25, 2021 | -3.59% May 6, 2026 - Jun 2, 2026 |
| #12 | -8.39% Mar 28, 2024 - Jul 16, 2024 | -3.41% Nov 11, 2024 - Nov 22, 2024 |
| #13 | -7.85% May 6, 2026 - Jun 16, 2026 | -3.33% Oct 25, 2021 - Nov 1, 2021 |
| #14 | -7.53% Mar 15, 2017 - Sep 19, 2017 | -2.83% Dec 11, 2025 - Jan 6, 2026 |
| #15 | -7.45% Nov 23, 2021 - Jan 4, 2022 | -2.73% Jul 16, 2024 - Jul 26, 2024 |
Correlation
Correlation between PAVE and DFAT is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2017 - 2026)
PAVE vs DFAT dividend yield comparison.
| Year | PAVE | DFAT |
|---|---|---|
| 2026 | 0.00% | 0.64% |
| 2025 | 0.92% | 1.55% |
| 2024 | 0.54% | 1.31% |
| 2023 | 0.68% | 1.34% |
| 2022 | 0.84% | 1.34% |
| 2021 | 0.48% | 1.13% |
| 2020 | 0.44% | 0.00% |
| 2019 | 0.67% | 0.00% |
| 2018 | 0.78% | 0.00% |
| 2017 | 0.30% | 0.00% |
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