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PAVE - ETF AI Analysis
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Global X U.S. Infrastructure Development ETF (PAVE)
Rating:72Outperform
Price Target:―
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)
AUM12.06B
RegionNorth America
Expense Ratio0.47%
Beta1.09
IssuerGlobal X
Inception DateMar 06, 2017
Dividend Yield0.8%
Asset ClassEquity
Index TrackedIndxx U.S. Infrastructure Development Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume2,260,432
30 Day Avg. Volume1,365,126
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
56.83Price 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 firmly hitched to the U.S. infrastructure engine, with industrial names doing most of the heavy lifting. Howmet Aerospace, Parker Hannifin, Quanta Services, Emerson, and Deere have been rising, giving the fund a solid tailwind as spending on construction, equipment, and engineering ramps up. United Rentals is more of a roller coaster, strong year-to-date but choppy lately, while CRH and Sempra are losing a bit of steam and modestly dragging on returns. The portfolio is overwhelmingly U.S.-focused and industrial-heavy, with only a small slice in utilities and materials for balance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Trane Technologies | 3.34% | $402.37M | $102.98B | 28.08% | 70 Outperform | |
| Eaton | 3.31% | $398.23M | $151.18B | 25.90% | 75 Outperform | |
| Deere | 3.24% | $390.43M | $163.44B | 25.55% | 66 Neutral | |
| CSX | 3.22% | $387.79M | $76.00B | 22.48% | 78 Outperform | |
| Union Pacific | 3.21% | $385.65M | $154.69B | 4.60% | 72 Outperform | |
| Howmet Aerospace | 3.18% | $383.23M | $100.32B | 87.54% | 67 Neutral | |
| Quanta Services | 3.12% | $375.08M | $78.15B | 83.60% | 78 Outperform | |
| Norfolk Southern | 3.08% | $371.02M | $70.73B | 23.03% | 75 Outperform | |
| Sempra Energy | 3.07% | $368.90M | $61.86B | 12.70% | 61 Neutral | |
| Parker Hannifin | 2.96% | $356.22M | $126.44B | 43.06% | 79 Outperform |
PAVE Technical Analysis
Positive
―
Price Trends
50.40
Positive
48.81
Positive
46.31
Positive
Market Momentum
1.42
Negative
69.80
Neutral
74.62
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 52.58, equal to the 50-day MA of 50.40, and equal to the 200-day MA of 46.31, indicating a bullish trend. The MACD of 1.42 indicates Negative momentum. The RSI at 69.80 is Neutral, neither overbought nor oversold. The STOCH value of 74.62 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
55.12
13.17
31.39%
VGT
Vanguard Information Technology ETF
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XLK
Technology Select Sector SPDR Fund
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XLF
Financial Select Sector SPDR Fund
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XLV
Health Care Select Sector SPDR Fund
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XLE
Energy Select Sector SPDR Fund
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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.
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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