PAVE - ETF AI Analysis
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Global X U.S. Infrastructure Development ETF (PAVE)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered strong gains so far this year, showing solid momentum in its infrastructure-focused strategy.
Leading Holdings with Strong Returns
Several of the largest positions, including CSX, Quanta Services, and Howmet Aerospace, have shown strong performance, helping support the fund’s overall results.
Targeted Infrastructure Exposure
The fund’s heavy focus on U.S. industrial and materials companies gives investors direct exposure to infrastructure development, which can benefit from ongoing investment and policy support.
Negative Factors
High Sector Concentration
With most assets in industrials and materials, the ETF is heavily exposed to swings in these cyclical sectors.
Single-Country Risk
Almost all of the fund’s holdings are in U.S. companies, so performance is closely tied to the health of the U.S. economy and policy environment.
Moderate Expense Ratio
The fund’s fees are not especially low, which slightly reduces the net return investors keep compared with cheaper broad-market ETFs.
PAVE vs. SPDR S&P 500 ETF (SPY)
AUM14.34B
RegionNorth America
Expense Ratio0.47%
Beta1.05
IssuerGlobal X
Inception DateMar 06, 2017
Dividend Yield0.76%
Asset ClassEquity
Index TrackedIndxx U.S. Infrastructure Development Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,914,207
30 Day Avg. Volume1,955,531
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
64.62Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering100
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PAVE Summary
PAVE is the Global X U.S. Infrastructure Development ETF, which follows the Indxx U.S. Infrastructure Development Index. It focuses on companies that help build and upgrade America’s roads, railways, utilities, and other key infrastructure. The fund mainly holds industrial and materials companies, including well-known names like Union Pacific and Deere. Investors might consider PAVE if they want to bet on long-term growth from government and private spending on infrastructure while still getting diversification across many related companies. A key risk is that it can rise or fall with the U.S. stock market and the health of the infrastructure and industrial sectors.
How much will it cost me?The Global X U.S. Infrastructure Development ETF (PAVE) has an expense ratio of 0.47%, which means you’ll pay $4.70 per year for every $1,000 invested. This is slightly higher than average because it’s a sector-focused ETF, which often requires more active management to target specific industries like infrastructure. It’s a good choice if you want exposure to this niche area of the market.
What would affect this ETF?The Global X U.S. Infrastructure Development ETF (PAVE) could benefit from increased government spending on infrastructure projects, such as transportation and energy systems, as well as advancements in sustainable construction technologies. However, rising interest rates or economic slowdowns could negatively impact the industrial and materials sectors, which dominate the ETF's holdings. Regulatory changes or delays in infrastructure funding could also pose challenges for the companies within this fund.
PAVE Top 10 Holdings
PAVE is very much an industrials workhorse, with U.S. railroads and construction names doing most of the heavy lifting. Rail giants like CSX, Union Pacific, and Norfolk Southern have been rising, giving the fund a steady tailwind as freight and infrastructure activity pick up. Howmet Aerospace and United Rentals are also climbing, reinforcing the fund’s pro-infrastructure story. On the flip side, Quanta Services and Eaton have been more mixed lately, suggesting that not every engineering or power-equipment play is firing on all cylinders, even within this U.S.-focused infrastructure theme.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Quanta Services | 3.94% | $572.69M | $100.33B | 72.81% | 78 Outperform | |
| CSX | 3.90% | $566.80M | $93.36B | 40.52% | 78 Outperform | |
| Howmet Aerospace | 3.59% | $521.56M | $112.93B | 58.06% | 67 Neutral | |
| Union Pacific | 3.49% | $507.97M | $173.55B | 31.15% | 72 Outperform | |
| Eaton | 3.44% | $500.34M | $161.22B | 13.90% | 75 Outperform | |
| Trane Technologies | 3.23% | $469.29M | $100.10B | 6.28% | 70 Outperform | |
| Norfolk Southern | 3.21% | $467.03M | $75.35B | 21.04% | 75 Outperform | |
| Nucor | 3.21% | $466.16M | $58.60B | 90.74% | 74 Outperform | |
| Deere | 3.14% | $456.66M | $159.98B | 18.51% | 66 Neutral | |
| Rockwell Automation | 3.13% | $454.41M | $53.42B | 37.36% | 71 Outperform |
PAVE Technical Analysis
Positive
―
Price Trends
57.09
Positive
55.40
Positive
52.67
Positive
Market Momentum
0.04
Negative
58.86
Neutral
72.23
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PAVE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 56.68, equal to the 50-day MA of 57.09, and equal to the 200-day MA of 52.67, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 72.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PAVE.
PAVE Peer Comparison
Comparison Results
Performance Comparison
PAVE
Global X U.S. Infrastructure Development ETF
58.65
13.75
30.62%
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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