PAVE - ETF AI Analysis
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Global X U.S. Infrastructure Development ETF (PAVE)
PAVE’s rating suggests it is a solid but not top-tier choice for investors seeking exposure to U.S. infrastructure development. Strong holdings like Parker Hannifin and Quanta Services support the fund’s quality through robust financial performance, growth in key segments, and healthy backlogs, while names like Deere and United Rentals introduce some caution due to leverage, valuation concerns, and weaker technical signals. The main risk factor is that many top holdings show signs of potential overvaluation or mixed momentum, which could increase volatility if market conditions turn.
PAVE vs. SPDR S&P 500 ETF (SPY)
- AUM
- 13.61B
- Region
- North America
- Expense Ratio
- 0.47%
- Beta
- 1.02
- Issuer
- Global X
- Inception Date
- Mar 06, 2017
- Dividend Yield
- 0.82%
- Asset Class
- Equity
- Index Tracked
- Indxx U.S. Infrastructure Development Index
PAVE Summary
PAVE is the Global X U.S. Infrastructure Development ETF, which follows the Indxx U.S. Infrastructure Development Index. It focuses on companies that help build and upgrade America’s roads, railways, utilities, and other key infrastructure. The fund mainly holds industrial and materials companies, including well-known names like Union Pacific and Deere. Investors might consider PAVE if they want to bet on long-term growth from government and private spending on infrastructure while still getting diversification across many related companies. A key risk is that it can rise or fall with the U.S. stock market and the health of the infrastructure and industrial sectors.
How much will it cost me?
The Global X U.S. Infrastructure Development ETF (PAVE) has an expense ratio of 0.47%, which means you’ll pay $4.70 per year for every $1,000 invested. This is slightly higher than average because it’s a sector-focused ETF, which often requires more active management to target specific industries like infrastructure. It’s a good choice if you want exposure to this niche area of the market.
What would affect this ETF?
The Global X U.S. Infrastructure Development ETF (PAVE) could benefit from increased government spending on infrastructure projects, such as transportation and energy systems, as well as advancements in sustainable construction technologies. However, rising interest rates or economic slowdowns could negatively impact the industrial and materials sectors, which dominate the ETF's holdings. Regulatory changes or delays in infrastructure funding could also pose challenges for the companies within this fund.
PAVE Top 10 Holdings
PAVE is essentially a bet on U.S. industrial muscle, with names like Deere, Eaton, and Nucor doing much of the heavy lifting. Deere and Eaton have been rising steadily, helping drive the fund, while steelmaker Nucor has added punch over the year despite some recent wobbling. Quanta Services has been a strong long-term engine but its mixed near-term performance shows the ride isn’t perfectly smooth. On the softer side, Rockwell Automation and Trane Technologies have been lagging lately, slightly dragging on returns. Overall, it’s a U.S.-centric, infrastructure-heavy story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 EMR | Emerson Electric Company | 3.64% | $494.01M | $89.55B | 24.18% | 76Outperform |
 FAST | Fastenal Company | 3.61% | $490.08M | $58.53B | 20.16% | 72Outperform |
 DE | Deere | 3.44% | $466.36M | $169.06B | 36.75% | 66Neutral |
 NUE | Nucor | 3.47% | $471.08M | $59.15B | 97.85% | 74Outperform |
 PWR | Quanta Services | 3.16% | $428.31M | $92.97B | 42.54% | 78Outperform |
 PH | Parker Hannifin | 3.19% | $433.10M | $121.86B | 31.72% | 79Outperform |
 ETN | Eaton | 3.08% | $417.70M | $152.06B | 4.88% | 75Outperform |
 TT | Trane Technologies | 3.13% | $424.09M | $102.32B | 11.84% | 70Outperform |
 UNP | Union Pacific | 3.10% | $421.10M | $170.51B | 26.97% | 72Outperform |
 NSC | Norfolk Southern | 3.06% | $415.72M | $72.66B | 11.63% | 75Outperform |
PAVE Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For PAVE, the sentiment is Negative. The current price of 52.77 is below the 20-day moving average (MA) of 53.29, below the 50-day MA of 54.59, and below the 200-day MA of 54.57, indicating a bearish trend. The MACD of -0.37 indicates Negative momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 33.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAVE.
PAVE Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| PAVE | $52.77 | $59.00(11.81% Upside) | $13.61B | 0.47% | 72Outperform |
 VGT | $120.33 | $157.13(30.58% Upside) | $147.01B | 0.09% | 74Outperform |
 XLK | $185.96 | $242.02(30.15% Upside) | $124.48B | 0.08% | 75Outperform |
 XLF | $55.06 | $62.93(14.30% Upside) | $51.90B | 0.08% | 72Outperform |
 XLV | $175.65 | $190.46(8.43% Upside) | $46.31B | 0.08% | 73Outperform |
 XLE | $67.80 | $71.82(5.93% Upside) | $43.71B | 0.08% | 73Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PAVE | Global X U.S. Infrastructure Development ETF | 52.77 | 5.00 | 10.46% | |
| VGT | Vanguard Information Technology ETF | 120.33 | 25.57 | 26.99% | |
| XLK | Technology Select Sector SPDR Fund | 185.96 | 42.53 | 29.65% | |
| XLF | Financial Select Sector SPDR Fund | 55.06 | 3.15 | 6.07% | |
| XLV | Health Care Select Sector SPDR Fund | 175.65 | 32.91 | 23.05% | |
| XLE | Energy Select Sector SPDR Fund | 67.80 | 25.66 | 60.88% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.