(PAVE) Global X U.S. - Ratings and Ratios
Construction, Engineering, Materials, Transportation, Equipment
Description: PAVE Global X U.S. November 04, 2025
The Global X U.S. Infrastructure Development ETF (BATS:PAVE) allocates at least 80% of its assets to securities that track an index of U.S.-listed firms tied to domestic infrastructure projects. The index covers construction and engineering firms, producers of raw materials and composites, industrial transportation providers, and manufacturers or distributors of heavy construction equipment.
Key metrics as of Q3 2024 show PAVE trading with an expense ratio of 0.49% and total assets of roughly $1.2 billion, delivering a dividend yield near 1.2%. Its performance is closely linked to federal infrastructure spending-estimated at $1.2 trillion over the next decade-and to the U.S. Construction Spending Index, which has risen about 5% year-over-year. Leading holdings often include Caterpillar, Jacobs Engineering, and Vulcan Materials, companies that benefit from both traditional projects (roads, bridges) and emerging demand for renewable-energy and broadband infrastructure.
For a deeper dive into PAVE’s valuation metrics and risk profile, you might explore the analysis on ValueRay.
PAVE ETF Overview
| Market Cap in USD | 9,883m |
| Category | Infrastructure |
| TER | 0.47% |
| IPO / Inception | 2017-03-06 |
PAVE ETF Ratings
| Growth Rating | 77.0% |
| Fundamental | - |
| Dividend Rating | 57.0% |
| Return 12m vs S&P 500 | -7.64% |
| Analyst Rating | - |
PAVE Dividends
| Dividend Yield 12m | 0.52% |
| Yield on Cost 5y | 1.34% |
| Annual Growth 5y | 23.88% |
| Payout Consistency | 95.8% |
| Payout Ratio | % |
PAVE Growth Ratios
| Growth Correlation 3m | 81.3% |
| Growth Correlation 12m | 61.2% |
| Growth Correlation 5y | 93% |
| CAGR 5y | 21.58% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.82 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.57 |
| Sharpe Ratio 12m | 0.27 |
| Alpha | -8.79 |
| Beta | 1.400 |
| Volatility | 18.49% |
| Current Volume | 1066.2k |
| Average Volume 20d | 880.1k |
| Stop Loss | 46.2 (-3.1%) |
| Signal | -0.24 |
What is the price of PAVE shares?
Over the past week, the price has changed by -0.77%, over one month by -0.65%, over three months by +5.26% and over the past year by +6.02%.
Is Global X U.S. a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PAVE is around 49.00 USD . This means that PAVE is currently overvalued and has a potential downside of 2.81%.
Is PAVE a buy, sell or hold?
What are the forecasts/targets for the PAVE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 55.9 | 17.4% |
PAVE Fundamental Data Overview October 27, 2025
Beta = 1.4
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 9.88b USD (9.88b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 9.88b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 9.88b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 11.17% (E(9.88b)/V(9.88b) * Re(11.17%) + (debt-free company))
Discount Rate = 11.17% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for PAVE ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle