PAVE vs HDV

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

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

PAVE vs HDV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PAVE

$13B

Winner

HDV

$14B

Expense Ratio

PAVE

0.47%

Winner

HDV

0.08%

Max Drawdown

PAVE

44.08%

Winner

HDV

37.04%

Sharpe Ratio

Winner

PAVE

1.83

HDV

1.69

5Y Beta

PAVE

1.07

Winner

HDV

0.33

P/E Ratio

PAVE

36.31

Winner

HDV

21.55

Forward P/E

PAVE

23.72

Winner

HDV

16.68

PEG Ratio

PAVE

N/A

HDV

0.93

5Y Dividends CAGR

Winner

PAVE

31.45%

HDV

5.91%

5Y EPS CAGR

Winner

PAVE

16.06%

HDV

9.20%

Debt to Equity

PAVE

38.69%

Winner

HDV

-57.38%

P/S Ratio

Winner

PAVE

2.55

HDV

2.90

P/B Ratio

PAVE

4.24

Winner

HDV

4.07

PAVE vs HDV - Holdings Comparison

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

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

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

PAVE vs HDV - Historical Returns

Returns include dividend reinvestment.

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

Winner

PAVE

+4.37%

HDV

+1.02%

Winner

PAVE

+2.52%

HDV

-2.18%

Winner

PAVE

+19.84%

HDV

+13.12%

Winner

PAVE

+38.53%

HDV

+21.10%

5Y(CAGR)

Winner

PAVE

+17.10%

HDV

+10.46%

10Y(CAGR)

Winner

PAVE

+16.63%

HDV

+9.35%

Max(CAGR)

Winner

PAVE

+16.63%

HDV

+10.50%

PAVE vs HDV - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

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

PAVE vs HDV Drawdown Comparison

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

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

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

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

Correlation

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

0.98

-101

Dividend Comparison (2011 - 2026)

PAVE vs HDV dividend yield comparison.

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