PAVE.L
Global X U.S. Infrastructure Developments UCITs ETF
PAVE invests in companies that stand to benefit from a potential increase in infrastructure activity in the United States.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 692.3 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Inception date | Nov 02, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| QUANTA SERVICES INC | 4.2 % |
| CSX CORP | 3.5 % |
| EATON CORP PLC | 3.3 % |
| HOWMET AEROSPACE INC. | 3.3 % |
| TRANE TECHNOLOGIES PLC | 3.2 % |
| UNION PACIFIC CORP | 3.1 % |
| NUCOR CORP | 3.1 % |
| ROCKWELL AUTOMATION INC | 2.9 % |
| NORFOLK SOUTHERN CORP | 2.9 % |
| UNITED RENTALS INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 204 |
| Wgt avg mkt cap (mns) | $45,684 |
| Large cap (>$10bn) | 79.4% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 4.8% |
| Developed mkts. | 100.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.5 % |
 |
IRELAND | 8.9 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.7% | 37.3% | 22.6% | 28.4% | -- | -- | -- | 16.8% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 16.7% | 37.3% | 22.6% | 28.4% | -- | -- | -- | 16.8% | Ann. Volatility | 22.1% | 18.4% | 21.5% | 20.0% | -- | -- | -- | 23.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 32% |
| MSCI EAFE | 0.69 | 31% |
| MSCI Emg Mkts | 0.49 | 28% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $51.79 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.27/0.30 |
| Bollinger Bands (Upper/Lower) | $54.64/$50.27 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PAVE.L |
Expenses vs. PAVE.L |
ALTAR Score™ vs. PAVE.L |
|---|---|---|---|---|
| IUIS.L | iShares S&P 500 Industrials Sector UCITS ETF | 26.4% | -32 bp | -0.2% |
| XUIN.L | Xtrackers MSCI USA Industrials UCITS ETF 1D | 25.4% | -35 bp | -0.4% |
| WINS.AS | iShares MSCI World Industrials Sector Advanced UCITS ETF | 16.9% | -29 bp | -0.2% |
| WELH.DE | Amundi S&P World Industrials Screened UCITS ETF Acc | 16.0% | -29 bp | -0.3% |
| WELT.DE | Amundi S&P World Industrials Screened UCITS ETF Dist | 16.0% | -29 bp | -0.3% |
| XDWI.DE | Xtrackers MSCI World Industrials UCITS ETF 1C | 13.9% | -22 bp | -0.3% |
| IUMS.L | iShares S&P 500 Materials Sector UCITS ETF | 11.2% | -32 bp | +0.1% |
| ZAPP.L | Global X U.S. Electrification UCITS ETF | 11.0% | 0 bp | -0.7% |
Risk and Returns: PAVE.L vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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ETF Research Center Rating
4.5%
ALTAR SCORE™
36th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. PAVE.L's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places PAVE.L in the 36th percentile
among funds in the category.
Sell-Side Consensus
$54.4
PRICE TARGET
+2.5%
UPSIDE