PAVE vs. NFRA - ETF Comparison
PAVE - Global X US Infrastructure Development ETF
The Global X US Infrastructure Development ETF provides investors with access to a diversified portfolio of US infrastructure development companies, covering a range of sectors including utilities, energy, and materials. The fund tracks the INDXX U.S. Infrastructure Development Index, offering a market-cap weighted approach to investing in this theme.
NFRA - FlexShares STOXX Global Broad Infrastructure Index Fund
The FlexShares STOXX Global Broad Infrastructure Index Fund is an equity ETF that tracks a market-cap-weighted index of companies involved in infrastructure-related businesses, including energy, communications, utilities, transportation, and government outsourcing. The fund aims to provide a diversified portfolio with a focus on global infrastructure, with a majority of holdings in North American, Japanese, Australian, and UK equities. It offers a blend of growth and income potential, with a moderate expense ratio compared to other infrastructure funds.
| PAVE | NFRA | |
|---|---|---|
| Fund Name | Global X US Infrastructure Development ETF | FlexShares STOXX Global Broad Infrastructure Index Fund |
| Fund Provider | Mirae Asset | Northern Trust |
| Index | INDXX U.S. Infrastructure Development Index | STOXX Global Broad Infrastructure Index |
| Asset Class | Equity | Equity |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.47% | 0.47% |
| Inception Date | 2017-03-06 | 2013-10-08 |
| Number Of Holdings | 100 | 175 |
| Currency | USD | USD |
| Region | United States | Global |
| Investment Style | Blend | Blend |
| Market Cap | Blend | Blend |
| Sector | Utilities | Utilities |
| Sector Detail | Infrastructure | Infrastructure |
| Leveraged | Non-leveraged | Non-leveraged |
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Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis examines historical data to assess the returns of the investment strategy, including key metrics such as Cumulative returns, End of Year (EoY) returns, and risk-adjusted returns like the Sharpe ratio or the Sortino ratio.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.