PAVE - ETF AI Analysis

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Global X U.S. Infrastructure Development ETF (PAVE)

Rating:72Outperform

Price Target:―

PAVE, the Global X U.S. Infrastructure Development ETF, earns a solid rating thanks to several high-quality industrial and infrastructure names that show strong financial performance and growth prospects. Standout holdings like Parker Hannifin, Quanta Services, CSX, and Eaton support the fund with robust earnings, healthy backlogs, and positive momentum in areas like aerospace and infrastructure projects, while some positions such as Sempra Energy introduce added risk due to high leverage, negative cash flow, and regulatory challenges. The main risk factor is the fund’s concentration in economically sensitive industrial and infrastructure companies, which can be pressured by high valuations, leverage, and broader macroeconomic headwinds.

Positive Factors

Strong Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Leading Industrial and Materials Exposure

Most of the fund is invested in industrial and materials companies that are central to U.S. infrastructure development, aligning the ETF closely with its theme.

Several Strong Top Holdings

Many of the largest positions, such as United Rentals, Fastenal, and Quanta Services, have delivered strong year-to-date performance, helping support the fund’s returns.

Negative Factors

High Sector Concentration

With the majority of assets in industrials and a large portion in materials, the fund is heavily exposed to just a few sectors, which can increase risk if those areas weaken.

Limited Geographic Diversification

The ETF is almost entirely focused on U.S. companies, offering very little exposure to other regions that might perform differently in changing market conditions.

Above-Average Expense Ratio

The fund’s expense ratio is relatively high for an ETF, which means more of the returns are used to cover fees instead of staying with investors.

PAVE vs. SPDR S&P 500 ETF (SPY)

AUM11.98B

RegionNorth America

Expense Ratio0.47%

Beta1.12

IssuerGlobal X

Inception DateMar 06, 2017

Dividend Yield0.84%

Asset ClassEquity

Index TrackedIndxx U.S. Infrastructure Development Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume1,608,418

30 Day Avg. Volume1,596,460

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

59.04

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering100

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

PAVE Summary

PAVE is an exchange-traded fund (ETF) that follows the Indxx U.S. Infrastructure Development Index, focusing on companies that help build and upgrade America’s roads, bridges, utilities, and other key infrastructure. It mainly holds U.S. industrial and materials companies, including well-known names like Deere and Emerson Electric. Someone might invest in PAVE to benefit from long-term spending on U.S. infrastructure while getting diversification across many related companies instead of picking individual stocks. A key risk is that it is heavily tied to infrastructure and industrial stocks, so its value can rise or fall sharply with that sector and the broader economy.

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 all‑American infrastructure play, with its story driven by industrial heavyweights. Deere is one of the main engines, rising on solid results and ongoing investment in smarter equipment. Trane Technologies and Quanta Services are also pulling their weight, helped by steady demand for HVAC and grid-related projects. Railroads like CSX and Union Pacific add a backbone of transportation exposure, with performance more steady than spectacular. Overall, the fund leans hard into U.S. industrials, with only a light touch of utilities and tech around the edges.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
PWR	Quanta Services	3.46%	$402.68M	$84.99B	139.97%	78 Outperform
HWM	Howmet Aerospace	3.45%	$401.48M	$101.89B	107.78%	67 Neutral
DE	Deere	3.39%	$394.84M	$161.92B	22.65%	66 Neutral
CSX	CSX	3.35%	$390.28M	$75.50B	32.46%	78 Outperform
UNP	Union Pacific	3.30%	$383.85M	$150.49B	2.14%	72 Outperform
TT	Trane Technologies	3.26%	$379.18M	$94.62B	26.35%	70 Outperform
SRE	Sempra Energy	3.24%	$377.60M	$61.09B	34.60%	61 Neutral
NSC	Norfolk Southern	3.15%	$366.32M	$67.92B	26.49%	75 Outperform
ETN	Eaton	3.12%	$363.70M	$137.27B	27.47%	75 Outperform
FAST	Fastenal Company	3.11%	$362.71M	$53.74B	17.29%	72 Outperform

PAVE Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

52.23

Negative

100DMA

49.93

Positive

200DMA

47.38

Positive

Market Momentum

MACD

0.16

Positive

RSI

41.33

Neutral

STOCH

18.45

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PAVE, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 54.64, equal to the 50-day MA of 52.23, and equal to the 200-day MA of 47.38, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 41.33 is Neutral, neither overbought nor oversold. The STOCH value of 18.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PAVE.

PAVE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
PAVE	―	―	$11.98B	0.47%	72 Outperform
VGT	―	―	$110.32B	0.09%	74 Outperform
XLK	―	―	$88.60B	0.08%	76 Outperform
XLF	―	―	$48.78B	0.08%	72 Outperform
XLV	―	―	$40.64B	0.08%	73 Outperform
XLE	―	―	$39.23B	0.08%	74 Outperform

Performance Comparison

PAVE

Global X U.S. Infrastructure Development ETF

52.07

14.59

38.93%

VGT

Vanguard Information Technology ETF

―

XLK

Technology Select Sector SPDR Fund

―

XLF

Financial Select Sector SPDR Fund

―

XLV

Health Care Select Sector SPDR Fund

―

XLE

Energy Select Sector SPDR Fund

―

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.

Disclaimer

This 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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