Global X U.S. Infrastructure Development ETF (PAVE)
Global X U.S. Infrastructure Development ETF CBOE
$52.82-0.7200 (-1.34%)
Latest Price
AI Analyst Consensus
Hold
55 / 100
Last updated: • Price at analysis: $52.82
CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Ryan Brothwell, Financial Journalist. Data refreshed daily. Not financial advice.
The Global X U.S. Infrastructure Development ETF (PAVE) is designed to offer diversified exposure to U.S. companies engaged in infrastructure development, focusing on construction, engineering, industrial transportation, materials, and heavy equipment. The fund tracks the Indxx U.S. Infrastructure Development Index, providing targeted equity exposure to the infrastructure supply chain. PAVE's strategy concentrates on companies that contribute to the buildout and maintenance of physical infrastructure across the United States, spanning industrials, materials, and transportation sectors. Recent fund flows and sector rotations suggest a cautious sentiment towards infrastructure development, impacting PAVE's price action.
PAVE at a glance
Global X U.S. Infrastructure Development ETF (PAVE): Hold, 55/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($54.93 and $54.56).
FundExpense ratio 0.47%, $13.4B in net assets, +11.0% total return over 1 year.
As of October 15, 2026, Global X U.S. Infrastructure Development ETF (PAVE) trades at $52.82. The 14-day RSI (daily closes) is 42, in neutral territory, and the price is below its 50-day simple moving average of $54.93.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from PAVE's own price history. Tap one to see it in context.
Global X U.S. Infrastructure Development ETF is an exchange-traded fund designed to provide diversified exposure to U.S. companies involved in infrastructure development. The fund focuses on businesses active in construction and engineering, industrial transportation, infrastructure materials, and heavy construction equipment, giving investors access to the industries that support roads, utilities, logistics networks, and broader modernization activity.
Issuer
Global X Funds
Category
Infrastructure
Inception
Mar 6, 2017
Expense ratio
0.47%
Net assets
$13.36B
Distribution yield
0.82%
YTD return
9.95%
Turnover
9.98%
Sector weights
Industrials75.2%
Basic Materials18.7%
Utilities3.5%
Technology2.5%
Trailing total returns
Period
PAVE
YTD
9.95%
1 month
-4.13%
3 months
-10.95%
1 year
11.02%
3 years
20.83%
5 years
16.43%
As of Oct 15, 2026, PAVE has an expense ratio of 0.47%, $13.36B in net assets and a distribution yield of 0.82%.
Fund reference data as of Oct 15, 2026. Expense ratio and net assets are reported by the fund; returns are total returns and can differ from price change.
PAVE Analysis
AI Analyst Consensus ScoreHold
At 41.56, the 14-day RSI for PAVE indicates neutral momentum, suggesting neither overbought nor oversold conditions. The ETF is currently trading below its 20-day EMA at 53.54, its 50-day SMA at 54.93, and its 200-day SMA at 54.56. This positioning below key moving averages signals a bearish short-to-medium term trend. The Stochastic indicator at 29.27 further supports a neutral to slightly bearish outlook, while the CCI at -88.84 suggests a move into oversold territory within its short-term cycle. Volume has been notably higher than average, with the latest volume at 2,405,000, which is 70.2% above the average volume.
Market Outlook
The outlook for PAVE over the next 6-12 months is cautiously optimistic, contingent on sustained government and private investment in U.S. infrastructure. While the ETF is currently trading below its key moving averages, indicating short-term weakness, its long-term strategic focus on essential development industries provides a solid foundation. A potential catalyst for a bullish shift would be renewed government initiatives or increased private sector spending on infrastructure projects, which could drive PAVE back above its 50-day and 200-day SMAs. Conversely, a slowdown in infrastructure spending or a broader economic downturn could exacerbate current bearish trends.
Market Correlations
How this etf moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.80
Strong correlation
Nasdaq 100 (QQQ)+0.73
Strong correlation
Bitcoin (BTC)+0.25
Weak correlation
Gold (XAU)+0.19
Weak correlation
As of October 15, 2026, PAVE's 1-year correlation of daily returns is +0.80 with S&P 500 (SPY), +0.73 with Nasdaq 100 (QQQ), +0.25 with Bitcoin (BTC) and +0.19 with gold (XAU).
Check Custom Correlation
How does any other asset move with PAVE? One year of daily closes, Pearson correlation.
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Key Statistics
Net Assets
13.36B
Expense Ratio
0.4700%
Yield
0.82%
Day High
$53.30
Day Low
$52.33
52 Week High
60.43
52 Week Low
45.44
PAVE is heavily concentrated in the Industrials sector, which constitutes 75.23% of its holdings, with Basic Materials making up another significant portion at 18.74%. This concentration highlights the fund's focus on companies directly involved in the physical buildout and maintenance of infrastructure. The fund's expense ratio is 0.47%, costing $47.00 per $10,000 invested, and it holds net assets of $13,355,843,584. The overview suggests the fund provides access to industries supporting roads, utilities, and logistics networks, reflecting a strategy aimed at capturing growth from domestic infrastructure themes. The sector's health is tied to government spending and private investment in infrastructure projects.
Fund Performance Analysis
Its underlying holdings are primarily in the Industrials and Materials sectors. These sectors are sensitive to economic cycles and government spending on infrastructure. Recent trends in these sectors suggest a mixed performance, with some companies benefiting from ongoing projects while others face headwinds from rising costs or project delays. The aggregate earnings trends of PAVE's top constituents will dictate the fund's overall performance, with a focus on companies involved in construction, engineering, and heavy equipment manufacturing.
Key Risks
PAVE faces concentration risk due to its significant allocation to the Industrials sector (75.23%). A downturn in this specific sector could disproportionately impact the ETF's performance. Additionally, the fund's performance is closely tied to U.S. infrastructure spending policies and the broader economic environment, making it susceptible to macro headwinds and potential shifts in government investment priorities. The ETF is also trading below its key moving averages, indicating potential for further downside if the current bearish trend persists.
Technical Indicators i
RSI (14-day)
41.56
MACD (12, 26)
-0.333
SMA (50-day)
54.93
SMA (200-day)
54.56
Technical RatingBearish
RSI
Neutral
SMA Cross
Neutral
Price vs SMA
Bearish
MACD
Bearish
Price is trading below the 50-day SMA.
As of October 15, 2026, with PAVE at $52.82, its 14-day RSI is 41.6 (neutral territory), its 50-day simple moving average is $54.93 and its 200-day is $54.56.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
PAVE Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Entry Strategies pick an entry style
Conservative
$52.29
Slight discount to current
Wait for small dip
Aggressive
$52.82
At current price
Enter now if confident
Risk Management
STOP LOSS
$50.72
MAX LOSS
-3.0%
Volatility-Adjusted Stop Loss
Calculated based on RSI (41.6) and current market volatility
These levels come from PAVE's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in PAVE in March 2017 would be worth about $35,810 today, compared with about $32,533 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.
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PAVE Drawdowns & Recovery
Worst fall, last 10 years
-43.9%
February 2020 to March 2020
Recovery
7 months
back at the old peak by October 2020
From the 10-year high
-12.0%
highest close, June 2026
1-year holds that gained
76%
of every 1-year window
As of October 15, 2026, PAVE's worst peak-to-trough fall over the last 10 years was -43.9% (February 2020 to March 2020); it regained that peak by October 2020, 7 months after the low, and 76% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in PAVE today could grow to about $23,737 by 2036 in the base case, with a 90th-percentile outcome near $63,618 and a 10th-percentile outcome around $8,857. The simulation models price only; at today's 0.82% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.
PAVE 2030 Scenarios (Monte Carlo)
CleaRank's simulation projects a price near $74.64 for PAVE by 2030 in the base case, from $52.82 today (1.4x over 4 years). The 10th-percentile path ends near $40.01. These are outcomes of a Monte Carlo simulation run on PAVE's historical return distribution, not price targets, and they assume no dividends are reinvested.
PAVE simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$42.16
$57.59
$78.66
2028
$40.40
$62.79
$97.58
2029
$39.90
$68.46
$117
2030
$40.01
$74.64
$139
2031
$40.53
$81.38
$163
Method: a lognormal simulation of PAVE's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
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Frequently Asked Questions
What is the expense ratio for the Global X U.S. Infrastructure Development ETF (PAVE)?
The expense ratio for PAVE is 0.47%, which translates to a cost of $47.00 per $10,000 invested over the course of a year.
What sectors does the Global X U.S. Infrastructure Development ETF (PAVE) concentrate on?
PAVE is heavily concentrated in the Industrials sector, representing 75.23% of its holdings. Basic Materials accounts for another significant portion at 18.74%, with smaller allocations to Utilities and Technology.
What are the key growth and momentum indicators for PAVE?
PAVE's 14-day RSI is currently at 41.56, indicating neutral momentum. While the fund has shown strong historical returns, its current price is trading below key moving averages, suggesting a pause or consolidation in its momentum.
Does PAVE pay a distribution?
Yes. As of October 15, 2026, PAVE's distribution yield is 0.82% at the current price of $52.82. Yields move with the share price and with changes to the payout.
What is PAVE's biggest drop in the last 10 years?
Global X U.S. Infrastructure Development ETF (PAVE)'s worst peak-to-trough fall over the last 10 years was -43.9%, from February 2020 to March 2020. It regained that peak by October 2020, 7 months after the low. Over the same period, 76% of 1-year holding periods ended with a gain.
What are PAVE's best and worst months?
Over the last 10 years, November has been PAVE's strongest month on average (+6.54%, rising in 9 of 9 years) and March its weakest (-2.86%, rising in 3 of 9 years). Seasonal averages describe the past and do not predict a given year.
How closely does PAVE move with the stock market?
Over the past year PAVE's daily returns were strongly correlated with the S&P 500 (SPY) (+0.80). Nasdaq 100 (QQQ): +0.73; Bitcoin (BTC): +0.25; Gold (XAU): +0.19. A figure near +1 means the two usually move together; near 0 means little relationship.
What would $10,000 invested in PAVE be worth today?
$10,000 put into PAVE in March 2017 would be worth about $35,810 today, against about $32,533 for the same amount in the S&P 500. That is price change only; distributions would add to it.
What does CleaRank's simulation show for PAVE in 2030?
CleaRank's Monte Carlo simulation, built from PAVE's own historical volatility, puts the 2030 base case near $74.64, with 10th and 90th percentile outcomes of $40.01 and $139.24. It is a range of simulated outcomes, not a price target.
How volatile is PAVE?
PAVE's daily price moves average 0.97% (30-day standard deviation of daily returns). Over the past 52 weeks it traded between $45.44 and $60.43.
