PAVE vs QLD

Comparison between GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF) and PROSHARES ULTRA QQQ (QLD, ETF).

5-Year PerformanceQLD has outperformed PAVE, delivering a return of +19.4% compared to +17.7%

PAVE vs QLD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAVE(ETF)	QLD(ETF)
Net Assets	$15B	$15B
Expense Ratio	0.47%	N/A
Max Drawdown	44.08%	83.99%
Sharpe Ratio	1.02	1.12
5Y Beta	1.07	2.48
P/E Ratio	36.88	37.64
Forward P/E	23.16	23.11
PEG Ratio	N/A	0.24
5Y Dividends CAGR	26.42%	N/A
5Y EPS CAGR	16.88%	31.17%
Debt to Equity	39.87%	34.47%
P/S Ratio	2.50	6.16
P/B Ratio	4.36	9.25

Net Assets

PAVE

$15B

QLD

$15B

Expense Ratio

PAVE

0.47%

QLD

N/A

Max Drawdown

Winner

PAVE

44.08%

QLD

83.99%

Sharpe Ratio

PAVE

1.02

Winner

QLD

1.12

5Y Beta

Winner

PAVE

1.07

QLD

2.48

P/E Ratio

Winner

PAVE

36.88

QLD

37.64

Forward P/E

PAVE

23.16

Winner

QLD

23.11

PEG Ratio

PAVE

N/A

QLD

0.24

5Y Dividends CAGR

PAVE

26.42%

QLD

N/A

5Y EPS CAGR

PAVE

16.88%

Winner

QLD

31.17%

Debt to Equity

PAVE

39.87%

Winner

QLD

34.47%

P/S Ratio

Winner

PAVE

2.50

QLD

6.16

P/B Ratio

Winner

PAVE

4.36

QLD

9.25

PAVE vs QLD - Holdings Comparison

PAVE and QLD have 3 common holdings. Overlap is 0.23%

PAVE's top 25 holdings weight is 64.30%. QLD's top 25 holdings weight is 71.27%.

Rank	PAVE	QLD
#1	QUANTA SERVICES INC (PWR) - 3.98%	NASDAQ 100 INDEX SWAP (n/a) - 14.20%
#2	CSX CORP (CSX) - 3.64%	PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 9.46%
#3	TRANE TECHNOLOGIES PLC CLASS A (TT) - 3.35%	NVIDIA CORP (NVDA) - 5.11%
#4	EATON CORP PLC (ETN) - 3.33%	APPLE INC (AAPL) - 4.89%
#5	HOWMET AEROSPACE INC (HWM) - 3.31%	MICRON TECHNOLOGY INC (MU) - 3.13%
#6	UNION PACIFIC CORP (UNP) - 3.24%	MICROSOFT CORP (MSFT) - 3.10%
#7	DEERE & CO (DE) - 3.24%	AMAZON.COM INC (AMZN) - 2.84%
#8	UNITED RENTALS INC (URI) - 3.13%	POWERSHARES QQQ (QQQ) SWAP (n/a) - 2.68%
#9	ROCKWELL AUTOMATION INC (ROK) - 3.06%	ADVANCED MICRO DEVICES INC (AMD) - 2.49%
#10	NORFOLK SOUTHERN CORP (NSC) - 2.97%	ALPHABET INC CLASS A (GOOGL) - 2.29%
#11	FASTENAL CO (FAST) - 2.87%	TESLA INC (TSLA) - 2.16%
#12	SEMPRA (SRE) - 2.87%	ALPHABET INC CLASS C (GOOG) - 2.13%
#13	PARKER HANNIFIN CORP (PH) - 2.77%	META PLATFORMS INC CLASS A (META) - 1.95%
#14	NUCOR CORP (NUE) - 2.66%	BROADCOM INC (AVGO) - 1.88%
#15	EMERSON ELECTRIC CO (EMR) - 2.50%	INTEL CORP (INTC) - 1.64%
#16	CRH PLC (CRH) - 2.28%	WALMART INC (WMT) - 1.61%
#17	VULCAN MATERIALS CO (VMC) - 2.07%	APPLIED MATERIALS INC (AMAT) - 1.30%
#18	EMCOR GROUP INC (EME) - 1.91%	CISCO SYSTEMS INC (CSCO) - 1.30%
#19	MARTIN MARIETTA MATERIALS INC (MLM) - 1.85%	COSTCO WHOLESALE CORP (COST) - 1.24%
#20	STEEL DYNAMICS INC (STLD) - 1.72%	LAM RESEARCH CORP (LRCX) - 1.21%
#21	MASTEC INC (MTZ) - 1.63%	CTE PROSHARES TRUST M (n/a) - 1.11%
#22	CARPENTER TECHNOLOGY CORP (CRS) - 1.61%	NETFLIX INC (NFLX) - 0.95%
#23	AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.55%	n/a (PLTR) - 0.91%
#24	HUBBELL INC (HUBB) - 1.38%	n/a (SPCX) - 0.85%
#25	ATI INC (ATI) - 1.38%	KLA CORP (KLAC) - 0.84%
Total Holdings	101	109

PAVE vs QLD - Historical Returns

Returns include dividend reinvestment.

Period	PAVE	QLD
1 month	-4.97%	-8.59%
3 months	+1.92%	+18.00%
6 months	+9.00%	+26.61%
1 year	+25.57%	+45.76%
5 years(CAGR)	+17.72%	+19.38%
10 years(CAGR)	+16.10%	+33.83%
Max(CAGR)	+16.10%	+25.17%

Winner

PAVE

-4.97%

QLD

-8.59%

PAVE

+1.92%

Winner

QLD

+18.00%

PAVE

+9.00%

Winner

QLD

+26.61%

PAVE

+25.57%

Winner

QLD

+45.76%

5Y(CAGR)

PAVE

+17.72%

Winner

QLD

+19.38%

10Y(CAGR)

PAVE

+16.10%

Winner

QLD

+33.83%

Max(CAGR)

PAVE

+16.10%

Winner

QLD

+25.17%

PAVE vs QLD - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	PAVE	QLD
2026	+15.25%	+27.40%
2025	+19.84%	+30.94%
2024	+19.14%	+47.79%
2023	+30.96%	+120.84%
2022	-6.23%	-61.32%
2021	+38.38%	+59.15%
2020	+19.91%	+82.89%
2019	+32.56%	+80.35%
2018	-20.25%	-11.39%
2017	+14.10%	+67.44%
2016	N/A	+14.97%
2015	N/A	+15.22%
2014	N/A	+39.73%
2013	N/A	+71.07%
2012	N/A	+30.04%
2011	N/A	-2.94%
2010	N/A	+33.34%
2009	N/A	+103.28%
2008	N/A	-71.99%
2007	N/A	+28.36%
2006	N/A	+19.47%

PAVE vs QLD Drawdown Comparison

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

The maximum drawdown for QLD was -83.16%, occurring on Mar 9, 2009. Recovery took 1103 trading sessions.

The current PAVE drawdown is -6.15%. The current QLD drawdown is -11.18%.

Rank	PAVE	QLD
#1	-44.08% Jan 17, 2020 - Oct 7, 2020	-83.16% Oct 31, 2007 - Mar 19, 2012
#2	-27.83% Jan 26, 2018 - Nov 26, 2019	-63.68% Nov 19, 2021 - May 24, 2024
#3	-26.23% Nov 25, 2024 - Jul 23, 2025	-51.72% Feb 19, 2020 - Jul 1, 2020
#4	-22.61% Jan 4, 2022 - Jan 31, 2023	-42.46% Aug 29, 2018 - Jul 10, 2019
#5	-13.34% Sep 1, 2023 - Dec 13, 2023	-42.29% Dec 16, 2024 - Jul 17, 2025
#6	-11.91% Feb 24, 2026 - Apr 23, 2026	-30.74% Nov 4, 2015 - Aug 5, 2016
#7	-11.65% Mar 3, 2023 - Jun 15, 2023	-26.47% Jul 20, 2015 - Nov 3, 2015
#8	-10.11% Jan 12, 2021 - Feb 24, 2021	-26.20% Jul 10, 2024 - Nov 7, 2024
#9	-9.09% May 7, 2021 - Aug 11, 2021	-25.13% Oct 29, 2025 - Apr 17, 2026
#10	-8.63% Jul 31, 2024 - Sep 19, 2024	-24.51% Sep 2, 2020 - Dec 7, 2020
#11	-8.51% Aug 12, 2021 - Oct 25, 2021	-22.39% Sep 19, 2012 - Apr 30, 2013
#12	-8.39% Mar 28, 2024 - Jul 16, 2024	-22.26% Apr 3, 2012 - Sep 6, 2012
#13	-7.85% May 6, 2026 - Jun 16, 2026	-21.02% Feb 12, 2021 - Apr 13, 2021
#14	-7.53% Mar 15, 2017 - Sep 19, 2017	-20.31% Mar 12, 2018 - Jun 6, 2018
#15	-7.45% Nov 23, 2021 - Jan 4, 2022	-19.72% Jan 26, 2018 - Mar 9, 2018

Correlation

Correlation between PAVE and QLD is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2006 - 2026)

PAVE vs QLD dividend yield comparison.

Year	PAVE	QLD
2026	0.18%	0.08%
2025	0.92%	0.17%
2024	0.54%	0.25%
2023	0.68%	0.34%
2022	0.84%	0.31%
2021	0.48%	0.00%
2020	0.44%	0.00%
2019	0.67%	0.13%
2018	0.78%	0.06%
2017	0.30%	0.02%
2016	0.00%	0.21%
2015	0.00%	0.11%
2014	0.00%	0.19%
2013	0.00%	0.13%
2012	0.00%	0.15%
2008	0.00%	0.12%
2007	0.00%	5.14%
2006	0.00%	6.69%