PAVE vs VYM
PAVE vs VYM
Global X US Infrastructure Development ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PAVE delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | PAVE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.04% | |
| AUM | $14.2B | $79.0B | |
| Dividend Yield | 0.51% | 2.86% | |
| Holdings | 102 | 568 | |
| YTD Return | +20.14% | +15.80% | |
| 1Y Return | +28.79% | +26.12% | |
| 3Y Return (annualized) | +22.52% | +18.25% | |
| 5Y Return (annualized) | +17.90% | +12.51% | |
| Volatility (annualized) | 22.9% | 14.6% | |
| Max Drawdown | -44.1% | -58.8% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2017 | Nov 10, 2006 |
PAVE vs VYM Performance
Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PAVE returned +28.79% while VYM returned +26.12%. Year to date, PAVE is up 20.14% versus a gain of 15.80% for VYM.
Over three years, PAVE compounded at +22.52% per year against +18.25% for VYM; over five years the annualized figures are +17.90% and +12.51% respectively. Across the full 9-year window we track, PAVE has the edge at +16.44% annualized vs +7.07%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAVE charges 0.47% per year while VYM charges 0.04%. On a $10,000 position that is $47 vs $4 annually, a gap of $43 per year that compounds over a long holding period. On income, PAVE currently yields 0.51% against 2.86% for VYM.
Holdings Overlap
PAVE and VYM share 10 holdings out of 633 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in PAVE | Weight in VYM | Difference |
|---|---|---|---|
| HUBB | 3.23% | 0.12% | 3.11% |
| RS | 2.89% | 0.07% | 2.82% |
| RPM | 1.82% | 0.06% | 1.76% |
| CXT | Pro | Pro | Pro |
| WLK | Pro | Pro | Pro |
| TRN | Pro | Pro | Pro |
| TEX | Pro | Pro | Pro |
| MDU | Pro | Pro | Pro |
| GBX | Pro | Pro | Pro |
| HRI | Pro | Pro | Pro |
See all 10 holdings PAVE shares with VYM 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 VYM?
PAVE has an expense ratio of 0.47% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $43 per year of difference.
Which performed better, PAVE or VYM?
Over the past year PAVE returned +28.79% vs +26.12% for VYM, so PAVE leads on 1-year performance. Over the longest common window we track (9 years), PAVE annualized +16.44% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PAVE or VYM?
PAVE has been the more volatile fund at 22.9% annualized versus 14.6% for VYM. Worst drawdown: PAVE -44.1% vs VYM -58.8%.
Should I hold both PAVE and VYM?
PAVE and VYM have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAVE and VYM?
PAVE and VYM share 10 common holdings with a 0.4% weight overlap. Combined, they hold 633 unique securities.
Which pays a higher dividend, PAVE or VYM?
PAVE yields 0.51% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.