PAVE vs QQQ
PAVE vs QQQ
Global X US Infrastructure Development ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. PAVE delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | PAVE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.18% | |
| AUM | $14.2B | $455.8B | |
| Dividend Yield | 0.51% | 0.41% | |
| Holdings | 102 | 108 | |
| YTD Return | +19.45% | +16.83% | |
| 1Y Return | +28.86% | +26.58% | |
| 3Y Return (annualized) | +22.12% | +24.70% | |
| 5Y Return (annualized) | +17.72% | +14.88% | |
| Volatility (annualized) | 22.9% | 30.6% | |
| Max Drawdown | -44.1% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2017 | Mar 10, 1999 |
PAVE vs QQQ Performance
Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PAVE returned +28.86% while QQQ returned +26.58%. Year to date, PAVE is up 19.45% versus a gain of 16.83% for QQQ.
Over three years, PAVE compounded at +22.12% per year against +24.70% for QQQ; over five years the annualized figures are +17.72% and +14.88% respectively. Across the full 9-year window we track, PAVE has the edge at +16.38% annualized vs +13.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 22.9% for PAVE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -44.1% for PAVE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAVE charges 0.47% per year while QQQ charges 0.18%. On a $10,000 position that is $47 vs $18 annually, a gap of $29 per year that compounds over a long holding period. On income, PAVE currently yields 0.51% against 0.41% for QQQ.
Holdings Overlap
PAVE and QQQ share 0 holdings out of 188 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PAVE or QQQ?
PAVE has an expense ratio of 0.47% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $29 per year of difference.
Which performed better, PAVE or QQQ?
Over the past year PAVE returned +28.86% vs +26.58% for QQQ, so PAVE leads on 1-year performance. Over the longest common window we track (9 years), PAVE annualized +16.38% vs +13.06% for QQQ. Past performance does not guarantee future results.
Which is riskier, PAVE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 22.9% for PAVE. Worst drawdown: PAVE -44.1% vs QQQ -83.0%.
Should I hold both PAVE and QQQ?
PAVE and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAVE and QQQ?
PAVE and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 188 unique securities.
Which pays a higher dividend, PAVE or QQQ?
PAVE yields 0.51% while QQQ yields 0.41%, so PAVE currently pays the higher dividend yield.
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