PAVE vs TLH

Comparison between GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF) and ISHARES 10-20 YEAR TREASURY BOND ETF (TLH, ETF).

5-Year PerformancePAVE has outperformed TLH, delivering a return of +16.7% compared to -3.7%

PAVE vs TLH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PAVE(ETF)	TLH(ETF)
Net Assets	$12B	$12B
Expense Ratio	0.47%	0.15%
Max Drawdown	44.08%	45.97%
Sharpe Ratio	1.90	0.03
5Y Beta	1.07	0.04
P/E Ratio	36.31	N/A
Forward P/E	23.71	N/A
5Y Dividends CAGR	31.45%	3.59%
5Y EPS CAGR	16.06%	N/A
Debt to Equity	38.69%	N/A
P/S Ratio	2.55	N/A
P/B Ratio	4.23	N/A

Net Assets

PAVE

$12B

Winner

TLH

$12B

Expense Ratio

PAVE

0.47%

Winner

TLH

0.15%

Max Drawdown

Winner

PAVE

44.08%

TLH

45.97%

Sharpe Ratio

Winner

PAVE

1.90

TLH

0.03

5Y Beta

PAVE

1.07

Winner

TLH

0.04

P/E Ratio

PAVE

36.31

TLH

N/A

Forward P/E

PAVE

23.71

TLH

N/A

5Y Dividends CAGR

Winner

PAVE

31.45%

TLH

3.59%

5Y EPS CAGR

PAVE

16.06%

TLH

N/A

Debt to Equity

PAVE

38.69%

TLH

N/A

P/S Ratio

PAVE

2.55

TLH

N/A

P/B Ratio

PAVE

4.23

TLH

N/A

PAVE vs TLH - Historical Returns

Returns include dividend reinvestment.

Period	PAVE	TLH
1 month	+5.38%	-0.32%
3 months	+3.46%	-0.55%
6 months	+19.72%	-0.73%
1 year	+43.12%	+4.67%
5 years(CAGR)	+16.70%	-3.66%
10 years(CAGR)	+16.59%	-0.68%
Max(CAGR)	+16.59%	+2.94%

Winner

PAVE

+5.38%

TLH

-0.32%

Winner

PAVE

+3.46%

TLH

-0.55%

Winner

PAVE

+19.72%

TLH

-0.73%

Winner

PAVE

+43.12%

TLH

+4.67%

5Y(CAGR)

Winner

PAVE

+16.70%

TLH

-3.66%

10Y(CAGR)

Winner

PAVE

+16.59%

TLH

-0.68%

Max(CAGR)

Winner

PAVE

+16.59%

TLH

+2.94%

PAVE vs TLH - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PAVE	TLH
2026	+16.25%	+0.21%
2025	+19.84%	+6.28%
2024	+19.14%	-3.73%
2023	+30.96%	+2.39%
2022	-6.23%	-23.85%
2021	+38.38%	-5.33%
2020	+19.91%	+12.93%
2019	+32.56%	+9.81%
2018	-20.25%	+0.83%
2017	+14.10%	+4.08%
2016	N/A	+0.35%
2015	N/A	+0.59%
2014	N/A	+13.85%
2013	N/A	-7.64%
2012	N/A	+4.58%
2011	N/A	+22.09%
2010	N/A	+9.59%
2009	N/A	-7.01%
2008	N/A	+19.24%
2007	N/A	+9.49%

PAVE vs TLH Drawdown Comparison

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

The maximum drawdown for TLH was -41.13%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current PAVE drawdown is -2.67%. The current TLH drawdown is -29.43%.

Rank	PAVE	TLH
#1	-44.08% Jan 17, 2020 - Oct 7, 2020	-41.13% Aug 4, 2020 - Oct 19, 2023
#2	-27.83% Jan 26, 2018 - Nov 26, 2019	-14.27% Dec 30, 2008 - Jun 30, 2010
#3	-26.23% Nov 25, 2024 - Jul 23, 2025	-11.83% Mar 9, 2020 - Jul 23, 2020
#4	-22.61% Jan 4, 2022 - Jan 31, 2023	-11.81% Jul 24, 2012 - Oct 13, 2014
#5	-13.34% Sep 1, 2023 - Dec 13, 2023	-11.56% Jul 8, 2016 - May 30, 2019
#6	-11.91% Feb 24, 2026 - Apr 23, 2026	-10.72% Aug 31, 2010 - Aug 2, 2011
#7	-11.65% Mar 3, 2023 - Jun 15, 2023	-7.30% Sep 17, 2008 - Nov 20, 2008
#8	-10.11% Jan 12, 2021 - Feb 24, 2021	-6.63% Sep 22, 2011 - Dec 19, 2011
#9	-9.09% May 7, 2021 - Aug 11, 2021	-6.59% Jan 30, 2015 - Jan 29, 2016
#10	-8.63% Jul 31, 2024 - Sep 19, 2024	-6.19% Mar 20, 2008 - Sep 4, 2008
#11	-8.51% Aug 12, 2021 - Oct 25, 2021	-5.64% Dec 19, 2011 - May 9, 2012
#12	-8.39% Mar 28, 2024 - Jul 16, 2024	-5.62% Sep 4, 2019 - Jan 31, 2020
#13	-7.53% Mar 15, 2017 - Sep 19, 2017	-5.52% Mar 7, 2007 - Aug 21, 2007
#14	-7.45% Nov 23, 2021 - Jan 4, 2022	-3.87% Nov 26, 2007 - Jan 8, 2008
#15	-6.98% Oct 12, 2020 - Nov 3, 2020	-3.47% Jan 22, 2008 - Mar 12, 2008

Correlation

Correlation between PAVE and TLH is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

-101

Dividend Comparison (2007 - 2026)

PAVE vs TLH dividend yield comparison.

Year	PAVE	TLH
2026	0.00%	1.47%
2025	0.92%	4.17%
2024	0.54%	4.28%
2023	0.68%	3.83%
2022	0.84%	2.78%
2021	0.48%	1.50%
2020	0.44%	2.65%
2019	0.67%	2.31%
2018	0.78%	2.17%
2017	0.30%	1.83%
2016	0.00%	1.91%
2015	0.00%	2.13%
2014	0.00%	2.12%
2013	0.00%	2.41%
2012	0.00%	2.22%
2011	0.00%	2.78%
2010	0.00%	3.61%
2009	0.00%	3.90%
2008	0.00%	3.57%
2007	0.00%	4.41%