PAVE vs VTI
Global X US Infrastructure Development ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, PAVE or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. PAVE led over 5Y and the full window, VTI over 1Y and 3Y. PAVE is less concentrated, with 31.7% of the fund in its ten largest positions against 33.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PAVE | VTI |
|---|---|---|
| Expense Ratio | 0.47% | 0.03%Best |
| AUM | $13.3B | $666.9B |
| Dividend Yield | 0.55% | 1.03% |
| Holdings | 102 | 3,543 |
| YTD Return | +7.98% | +11.06%Best |
| 1Y Return | +13.49% | +15.41%Best |
| 3Y Return (annualized) | +19.87% | +20.48%Best |
| 5Y Return (annualized) | +15.54%Best | +11.52% |
| Volatility (annualized) | 22.8% | 16.2%Best |
| Max Drawdown | -44.1% | -35.0%Best |
| $10,000 over 5 years | $20,590Best | $17,249 |
| Top 10 Weight | 31.7%Best | 33.3% |
| Fund Family | Global X by mirae Asset | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Mar 6, 2017 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2017 to Sep 16, 2026 (9.5 years).
PAVE vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.5 years both funds cover.
PAVE vs VTI Performance
Global X US Infrastructure Development ETF (PAVE) is an ETF from Global X by mirae Asset and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year PAVE returned +13.49% while VTI returned +15.41%. Year to date, PAVE is up 7.98% versus a gain of 11.06% for VTI.
Over three years, PAVE compounded at +19.87% per year against +20.48% for VTI; over five years the annualized figures are +15.54% and +11.52% respectively. Across the full 10-year window we track, PAVE has the edge at +14.94% annualized vs +13.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAVE has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 16.2% 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 -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.55% against 1.03% for VTI.
Holdings Overlap
98.0% of PAVE's money is in holdings VTI also owns. 3.1% of VTI's money is in holdings PAVE also owns.
Most of PAVE is already inside VTI. Owning both mostly buys the same companies twice.
97 positions in common, counted across the 100 positions we hold weights for in PAVE and 3,463 in VTI, against full books of 102 and 3,543.
What only one of them owns
Our book lists 1,080 positions for VTI that do not appear in our book for PAVE (94.4% of the fund), and 1 for PAVE that do not appear in VTI (0.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PAVE | Weight in VTI | Difference |
|---|---|---|---|
| DEDeere & Co Sedol 2261203 | 3.55% | 0.21% | 3.34% |
| FASTFastenal Co. | 3.38% | 0.08% | 3.30% |
| NUENucor Corp. | 3.34% | 0.08% | 3.26% |
| EMREmerson Electric Co. | 3.26% | 0.12% | 3.14% |
| UNPUnion Pacific Corp | 3.05% | 0.24% | 2.81% |
| PHParker-Hannifin Corp. | 3.08% | 0.17% | 2.91% |
| ETNEaton Corp Plc | 3.01% | 0.22% | 2.79% |
| NSCNorfolk Southern Corp | 3.05% | 0.10% | 2.95% |
| PWRQuanta Services Inc | 2.99% | 0.14% | 2.85% |
| CSXCsx Corp. | 2.95% | 0.13% | 2.82% |
98.0% of PAVE is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $44 a year on a $10,000 investment.
Which performed better, PAVE or VTI?
Over the past year PAVE returned +13.49% vs +15.41% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (10 years), PAVE annualized +14.94% vs +13.35% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PAVE or VTI?
PAVE has been the more volatile fund at 22.8% annualized versus 16.2% for VTI. Worst drawdown: PAVE -44.1% vs VTI -35.0%.
Should I hold both PAVE and VTI?
PAVE and VTI have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PAVE and VTI?
98.0% of PAVE's money is in holdings VTI also owns. 3.1% of VTI's is in holdings PAVE also owns. They hold 97 positions in common, counted across the 100 positions we hold weights for in PAVE and 3,463 in VTI.
Which pays a higher dividend, PAVE or VTI?
PAVE yields 0.55% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than PAVE?
VTI has a lower expense ratio. PAVE led over 5Y and the full window, VTI over 1Y and 3Y. PAVE is less concentrated, with 31.7% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.