PAVE vs VOO
PAVE vs VOO
Global X US Infrastructure Development ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PAVE delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PAVE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.03% | |
| AUM | $14.2B | $979.0B | |
| Dividend Yield | 0.51% | 1.09% | |
| Holdings | 102 | 509 | |
| YTD Return | +19.45% | +13.11% | |
| 1Y Return | +28.86% | +22.88% | |
| 3Y Return (annualized) | +22.12% | +21.08% | |
| 5Y Return (annualized) | +17.72% | +13.26% | |
| Volatility (annualized) | 22.9% | 14.1% | |
| Max Drawdown | -44.1% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2017 | Sep 7, 2010 |
PAVE vs VOO Performance
Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PAVE returned +28.86% while VOO returned +22.88%. Year to date, PAVE is up 19.45% versus a gain of 13.11% for VOO.
Over three years, PAVE compounded at +22.12% per year against +21.08% for VOO; over five years the annualized figures are +17.72% and +13.26% respectively. Across the full 9-year window we track, PAVE has the edge at +16.38% annualized vs +13.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAVE has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAVE charges 0.47% per year while VOO charges 0.03%. On a $10,000 position that is $47 vs $3 annually, a gap of $44 per year that compounds over a long holding period. On income, PAVE currently yields 0.51% against 1.09% for VOO.
Holdings Overlap
PAVE and VOO share 10 holdings out of 580 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PAVE | Weight in VOO | Difference |
|---|---|---|---|
| STLD | 4.03% | 0.05% | 3.98% |
| HUBB | 3.23% | 0.04% | 3.19% |
| FTV | 2.89% | 0.03% | 2.86% |
| IEX | Pro | Pro | Pro |
| J | Pro | Pro | Pro |
| PNR | Pro | Pro | Pro |
| TRMB | Pro | Pro | Pro |
| BLDR | Pro | Pro | Pro |
| EME | Pro | Pro | Pro |
| MLM | Pro | Pro | Pro |
See all 10 holdings PAVE shares with VOO Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, PAVE or VOO?
PAVE has an expense ratio of 0.47% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PAVE or VOO?
Over the past year PAVE returned +28.86% vs +22.88% for VOO, so PAVE leads on 1-year performance. Over the longest common window we track (9 years), PAVE annualized +16.38% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, PAVE or VOO?
PAVE has been the more volatile fund at 22.9% annualized versus 14.1% for VOO. Worst drawdown: PAVE -44.1% vs VOO -34.3%.
Should I hold both PAVE and VOO?
PAVE and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAVE and VOO?
PAVE and VOO share 10 common holdings with a 0.3% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, PAVE or VOO?
PAVE yields 0.51% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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