PAVE vs VTI
Global X US Infrastructure Development ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. PAVE delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | PAVE | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.03% | |
| AUM | $14.2B | $663.5B | |
| Dividend Yield | 0.51% | 1.07% | |
| Holdings | 102 | 3,543 | |
| YTD Return | +19.37% | +14.96% | |
| 1Y Return | +23.77% | +22.39% | |
| 3Y Return (annualized) | +22.22% | +21.51% | |
| 5Y Return (annualized) | +16.88% | +12.36% | |
| Volatility (annualized) | 22.9% | 15.4% | |
| Max Drawdown | -44.1% | -56.6% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2017 | May 24, 2001 |
PAVE vs VTI Performance
Global X US Infrastructure Development ETF (PAVE) is a ETF from Global X by mirae Asset and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year PAVE returned +23.77% while VTI returned +22.39%. Year to date, PAVE is up 19.37% versus a gain of 14.96% for VTI.
Over three years, PAVE compounded at +22.22% per year against +21.51% for VTI; over five years the annualized figures are +16.88% and +12.36% respectively. Across the full 9-year window we track, PAVE has the edge at +16.33% annualized vs +8.16%. 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 15.4% for VTI. 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 -56.6% for VTI. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PAVE charges 0.47% per year while VTI 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 1.07% for VTI.
Holdings Overlap
PAVE and VTI share 72 holdings out of 2796 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PAVE or VTI?
PAVE has an expense ratio of 0.47% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, PAVE or VTI?
Over the past year PAVE returned +23.77% vs +22.39% for VTI, so PAVE leads on 1-year performance. Over the longest common window we track (9 years), PAVE annualized +16.33% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, PAVE or VTI?
PAVE has been the more volatile fund at 22.9% annualized versus 15.4% for VTI. Worst drawdown: PAVE -44.1% vs VTI -56.6%.
Should I hold both PAVE and VTI?
PAVE and VTI have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PAVE and VTI?
PAVE and VTI share 72 common holdings with a 0.8% weight overlap. Combined, they hold 2796 unique securities.
Which pays a higher dividend, PAVE or VTI?
PAVE yields 0.51% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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