TLH vs PAVE

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

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

TLH vs PAVE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

TLH

$12B

PAVE

$12B

Expense Ratio

Winner

TLH

0.15%

PAVE

0.47%

Max Drawdown

TLH

45.97%

Winner

PAVE

44.08%

Sharpe Ratio

TLH

0.03

Winner

PAVE

1.90

5Y Beta

Winner

TLH

0.04

PAVE

1.07

P/E Ratio

TLH

N/A

PAVE

36.31

Forward P/E

TLH

N/A

PAVE

23.71

5Y Dividends CAGR

TLH

3.59%

Winner

PAVE

31.45%

5Y EPS CAGR

TLH

N/A

PAVE

16.06%

Debt to Equity

TLH

N/A

PAVE

38.69%

P/S Ratio

TLH

N/A

PAVE

2.55

P/B Ratio

TLH

N/A

PAVE

4.23

TLH vs PAVE - Historical Returns

Returns include dividend reinvestment.

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

TLH

-0.32%

Winner

PAVE

+5.38%

TLH

-0.55%

Winner

PAVE

+3.46%

TLH

-0.73%

Winner

PAVE

+19.72%

TLH

+4.67%

Winner

PAVE

+43.12%

5Y(CAGR)

TLH

-3.66%

Winner

PAVE

+16.70%

10Y(CAGR)

TLH

-0.68%

Winner

PAVE

+16.59%

Max(CAGR)

TLH

+2.94%

Winner

PAVE

+16.59%

TLH vs PAVE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

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

TLH vs PAVE Drawdown Comparison

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

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

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

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

Correlation

Correlation between TLH and PAVE 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)

TLH vs PAVE dividend yield comparison.

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