PAVE vs IWO
Comparison between GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF) and ISHARES RUSSELL 2000 GROWTH ETF (IWO, ETF).
5-Year PerformancePAVE has outperformed IWO, delivering a return of +17.0% compared to +6.7%
PAVE vs IWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PAVE
$15B
IWO
$14B
Expense Ratio
PAVE
0.47%
Winner
IWO
0.24%
Max Drawdown
Winner
PAVE
44.08%
IWO
60.31%
Sharpe Ratio
PAVE
0.97
Winner
IWO
1.18
5Y Beta
Winner
PAVE
1.07
IWO
1.22
P/E Ratio
Winner
PAVE
35.75
IWO
478.71
Forward P/E
PAVE
22.51
Winner
IWO
19.01
5Y Dividends CAGR
Winner
PAVE
26.42%
IWO
8.50%
5Y EPS CAGR
PAVE
16.28%
IWO
N/A
Debt to Equity
Winner
PAVE
40.77%
IWO
44.27%
P/S Ratio
PAVE
2.38
Winner
IWO
2.26
P/B Ratio
Winner
PAVE
4.24
IWO
4.43
PAVE vs IWO - Holdings Comparison
PAVE and IWO have 27 common holdings. Overlap is 4.92%
PAVE's top 25 holdings weight is 63.38%. IWO's top 25 holdings weight is 12.56%.
| Rank | PAVE | IWO |
|---|---|---|
| #1 | EMERSON ELECTRIC CO (EMR) - 3.33% | MOOG INC CLASS A (MOG-A) - 0.74% |
| #2 | FASTENAL CO (FAST) - 3.33% | BRINKER INTERNATIONAL INC (EAT) - 0.65% |
| #3 | NUCOR CORP (NUE) - 3.31% | GLAUKOS CORP (GKOS) - 0.65% |
| #4 | EATON CORP PLC (ETN) - 3.25% | n/a (PRAX) - 0.59% |
| #5 | PARKER HANNIFIN CORP (PH) - 3.16% | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.59% |
| #6 | CRH PLC (CRH) - 3.03% | PROTAGONIST THERAPEUTICS INC (PTGX) - 0.57% |
| #7 | QUANTA SERVICES INC (PWR) - 3.01% | JFROG LTD ORDINARY SHARES (FROG) - 0.57% |
| #8 | DEERE & CO (DE) - 2.97% | INTERDIGITAL INC (IDCC) - 0.56% |
| #9 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 2.96% | FIRSTCASH HOLDINGS INC (FCFS) - 0.54% |
| #10 | UNITED RENTALS INC (URI) - 2.94% | HEALTHEQUITY INC (HQY) - 0.54% |
| #11 | HOWMET AEROSPACE INC (HWM) - 2.87% | CRINETICS PHARMACEUTICALS INC (CRNX) - 0.53% |
| #12 | ROCKWELL AUTOMATION INC (ROK) - 2.85% | KRYSTAL BIOTECH INC (KRYS) - 0.53% |
| #13 | NORFOLK SOUTHERN CORP (NSC) - 2.82% | TWIST BIOSCIENCE CORP (TWST) - 0.49% |
| #14 | UNION PACIFIC CORP (UNP) - 2.82% | ESCO TECHNOLOGIES INC (ESE) - 0.48% |
| #15 | CSX CORP (CSX) - 2.77% | ARGAN INC (AGX) - 0.48% |
| #16 | SEMPRA (SRE) - 2.68% | ZURN ELKAY WATER SOLUTIONS CORP (ZWS) - 0.47% |
| #17 | STEEL DYNAMICS INC (STLD) - 2.09% | RYMAN HOSPITALITY PROPERTIES INC (RHP) - 0.47% |
| #18 | VULCAN MATERIALS CO (VMC) - 2.05% | COMPASS INC CLASS A (COMP) - 0.47% |
| #19 | EMCOR GROUP INC (EME) - 1.99% | SPYRE THERAPEUTICS INC (SYRE) - 0.47% |
| #20 | MARTIN MARIETTA MATERIALS INC (MLM) - 1.82% | FEDERAL SIGNAL CORP (FSS) - 0.47% |
| #21 | ATI INC (ATI) - 1.72% | BALCHEM CORP (BCPC) - 0.34% |
| #22 | HUBBELL INC (HUBB) - 1.51% | TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 0.34% |
| #23 | CARPENTER TECHNOLOGY CORP (CRS) - 1.47% | URANIUM ENERGY CORP (UEC) - 0.34% |
| #24 | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.44% | n/a (DFTX) - 0.34% |
| #25 | RELIANCE INC (RS) - 1.19% | THE CHEESECAKE FACTORY INC (CAKE) - 0.34% |
| Total Holdings | 101 | 1065 |
PAVE vs IWO - Historical Returns
Returns include dividend reinvestment.
1M
PAVE
+0.34%
Winner
IWO
+1.52%
3M
PAVE
+3.57%
Winner
IWO
+5.37%
6M
PAVE
+1.53%
Winner
IWO
+15.09%
1Y
PAVE
+24.23%
Winner
IWO
+31.01%
5Y(CAGR)
Winner
PAVE
+16.98%
IWO
+6.69%
10Y(CAGR)
Winner
PAVE
+15.98%
IWO
+10.88%
Max(CAGR)
Winner
PAVE
+15.98%
IWO
+7.16%
PAVE vs IWO - Annual Returns (2000 - 2026)
Returns include dividend reinvestment.
| Year | PAVE | IWO |
|---|---|---|
| 2026 | +15.64% | +18.59% |
| 2025 | +19.84% | +12.52% |
| 2024 | +19.14% | +16.13% |
| 2023 | +30.96% | +19.56% |
| 2022 | -6.23% | -27.17% |
| 2021 | +38.38% | +4.06% |
| 2020 | +19.91% | +34.46% |
| 2019 | +32.56% | +28.07% |
| 2018 | -20.25% | -10.30% |
| 2017 | +14.10% | +21.71% |
| 2016 | N/A | +14.71% |
| 2015 | N/A | -0.66% |
| 2014 | N/A | +6.99% |
| 2013 | N/A | +39.28% |
| 2012 | N/A | +13.33% |
| 2011 | N/A | -4.60% |
| 2010 | N/A | +26.19% |
| 2009 | N/A | +31.85% |
| 2008 | N/A | -37.46% |
| 2007 | N/A | +6.76% |
| 2006 | N/A | +10.89% |
| 2005 | N/A | +5.59% |
| 2004 | N/A | +13.00% |
| 2003 | N/A | +44.40% |
| 2002 | N/A | -30.51% |
| 2001 | N/A | -4.63% |
| 2000 | N/A | -14.94% |
PAVE vs IWO Drawdown Comparison
The maximum drawdown for PAVE was -44.08%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.
The maximum drawdown for IWO was -60.11%, occurring on Oct 9, 2002. Recovery took 1624 trading sessions.
The current PAVE drawdown is -5.84%. The current IWO drawdown is -2.09%.
| Rank | PAVE | IWO |
|---|---|---|
| #1 | -44.08% Jan 17, 2020 - Oct 7, 2020 | -60.11% Sep 1, 2000 - Feb 22, 2007 |
| #2 | -27.83% Jan 26, 2018 - Nov 26, 2019 | -57.62% Oct 10, 2007 - Dec 21, 2010 |
| #3 | -26.23% Nov 25, 2024 - Jul 23, 2025 | -42.02% Feb 9, 2021 - Oct 6, 2025 |
| #4 | -22.61% Jan 4, 2022 - Jan 31, 2023 | -39.81% Feb 19, 2020 - Aug 7, 2020 |
| #5 | -13.34% Sep 1, 2023 - Dec 13, 2023 | -29.23% Apr 29, 2011 - Sep 14, 2012 |
| #6 | -11.91% Feb 24, 2026 - Apr 23, 2026 | -28.80% Aug 31, 2018 - Jan 14, 2020 |
| #7 | -11.65% Mar 3, 2023 - Jun 15, 2023 | -28.69% Jun 23, 2015 - Dec 8, 2016 |
| #8 | -10.11% Jan 12, 2021 - Feb 24, 2021 | -14.87% Jan 22, 2026 - Apr 17, 2026 |
| #9 | -9.09% May 7, 2021 - Aug 11, 2021 | -14.44% Mar 4, 2014 - Dec 22, 2014 |
| #10 | -8.63% Jul 31, 2024 - Sep 19, 2024 | -10.85% Sep 14, 2012 - Jan 2, 2013 |
| #11 | -8.51% Aug 12, 2021 - Oct 25, 2021 | -10.26% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.39% Mar 28, 2024 - Jul 16, 2024 | -10.24% Oct 15, 2025 - Dec 11, 2025 |
| #13 | -8.17% Jun 25, 2026 - Jul 29, 2026 | -9.04% Jan 26, 2018 - Mar 9, 2018 |
| #14 | -7.85% May 6, 2026 - Jun 16, 2026 | -8.73% Feb 22, 2007 - Apr 16, 2007 |
| #15 | -7.53% Mar 15, 2017 - Sep 19, 2017 | -7.76% Sep 2, 2020 - Oct 5, 2020 |
Correlation
Correlation between PAVE and IWO is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
Dividend Comparison (2000 - 2026)
PAVE vs IWO dividend yield comparison.
| Year | PAVE | IWO |
|---|---|---|
| 2026 | 0.18% | 0.14% |
| 2025 | 0.92% | 0.56% |
| 2024 | 0.54% | 0.80% |
| 2023 | 0.68% | 0.73% |
| 2022 | 0.84% | 0.73% |
| 2021 | 0.48% | 0.32% |
| 2020 | 0.44% | 0.44% |
| 2019 | 0.67% | 0.71% |
| 2018 | 0.78% | 0.76% |
| 2017 | 0.30% | 0.73% |
| 2016 | 0.00% | 0.97% |
| 2015 | 0.00% | 0.89% |
| 2014 | 0.00% | 0.73% |
| 2013 | 0.00% | 0.72% |
| 2012 | 0.00% | 1.46% |
| 2011 | 0.00% | 0.68% |
| 2010 | 0.00% | 0.66% |
| 2009 | 0.00% | 0.50% |
| 2008 | 0.00% | 1.10% |
| 2007 | 0.00% | 0.59% |
| 2006 | 0.00% | 0.32% |
| 2005 | 0.00% | 0.47% |
| 2004 | 0.00% | 0.24% |
| 2003 | 0.00% | 0.34% |
| 2002 | 0.00% | 0.43% |
| 2001 | 0.00% | 0.19% |
| 2000 | 0.00% | 0.09% |
Select Stocks to Compare
Popular: PAVE vs SPYIWO vs SPY
More Comparisons
Compare with similar stocks