PAVE Performance — Global X U.S. Infrastructure Development ETF
Data updated: 2026-07-29
PAVE returned +7.62% year to date and +36.92% over one year to May 2026. Annualised returns are +28.26% over 3 years and +17.13% over 5 years. The fund beat its Industrials Equity category average: $100 invested three years ago grew to $211, against $192 for the category, and to $137 over one year, against $132. Volatility over the past three years was 21.63% a year. In the 12 months to May 2026 the fund took in a net $2.3B, and assets reached $13.54B.
PAVE Growth of $100
What $100 invested in Global X U.S. Infrastructure Development ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Industrials Equity category average over the same months.
| Period | PAVE | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $137 | $132 |
| 3 years (Jun 2023 – May 2026) | $211 | $192 |
| 5 years (Jun 2021 – May 2026) | $220 | $178 |
| Since data start (Sep 2019 – May 2026) | $382 | $257 |
PAVE Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.62% |
| 1 year | +36.92% |
| 3 years (annualised) | +28.26% |
| 5 years (annualised) | +17.13% |
PAVE Annual Returns
Calendar-year total returns of Global X U.S. Infrastructure Development ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +7.62% |
| 2025 | +22.05% |
| 2024 | +26.22% |
| 2023 | +23.89% |
| 2022 | +2.70% |
| 2021 | +24.76% |
| 2020 | +39.86% |
| 2019 (Sep–Dec) | +3.87% |
PAVE Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.2% | −0.9% | −0.9% | +11.8% | −7.8% | — | — | — | — | — | — | — |
| 2025 | +4.6% | −11.2% | +8.1% | +1.8% | −6.2% | +1.8% | +4.8% | +5.2% | +0.6% | +1.3% | +2.5% | +8.6% |
| 2024 | −0.4% | +9.8% | +3.3% | −5.9% | +5.5% | −1.4% | +7.9% | −4.2% | +11.1% | 0.0% | +4.4% | −5.0% |
| 2023 | +9.3% | −4.7% | −1.2% | −2.6% | −2.9% | −0.4% | +3.1% | +15.5% | +9.4% | −5.2% | −5.9% | +9.9% |
| 2022 | −8.4% | +6.2% | −1.9% | −6.9% | +5.6% | −2.8% | +15.6% | −11.5% | +8.0% | +12.2% | −9.8% | +0.8% |
| 2021 | −2.0% | +5.1% | +2.6% | +3.1% | +9.5% | +2.9% | +2.8% | −2.6% | −1.6% | +8.8% | −6.7% | +1.6% |
| 2020 | −4.2% | +2.2% | +6.5% | +11.4% | −20.6% | +8.3% | +3.3% | +3.9% | +16.1% | +3.6% | −1.3% | +9.9% |
| 2019 | — | — | — | — | — | — | — | — | +4.9% | +2.6% | +5.2% | −8.3% |
PAVE Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 21.63%
- 3-year Sharpe ratio: 1.10 (vs 4.5% risk-free rate)
- Best month: +15.47% (Aug 2023)
- Worst month: −11.22% (Feb 2025)
PAVE Fund Flows
Monthly money in and out of Global X U.S. Infrastructure Development ETF, from SEC Form N-PORT.
- 12-month net flow: $2.3B
- 12-month gross sales (incl. reinvestments): $3.7B
- Sales ÷ redemptions: 2.61×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $202.7M | $27.0M | $175.7M |
| Apr 2026 | $432.2M | $93.9M | $338.4M |
| Mar 2026 | $438.8M | $131.4M | $307.3M |
| Feb 2026 | $309.1M | $20.5M | $288.6M |
| Jan 2026 | $1.2B | $61.9M | $1.1B |
| Dec 2025 | $543.3M | $734.4M | −$191.1M |
| Nov 2025 | $96.0M | $98.5M | −$2.5M |
| Oct 2025 | $144.7M | $113.0M | $31.7M |
| Sep 2025 | $54.3M | $38.9M | $15.4M |
| Aug 2025 | $88.8M | $69.1M | $19.6M |
| Jul 2025 | $49.7M | $8.9M | $40.8M |
| Jun 2025 | $157.1M | $7.5M | $149.6M |
PAVE Assets Under Management
Net assets of Global X U.S. Infrastructure Development ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $13.54B |
| 2026-02-28 | $12.43B |
| 2025-11-30 | $9.83B |
| 2025-08-31 | $9.37B |
| 2025-05-31 | $8.18B |
| 2025-02-28 | $8.37B |
| 2024-11-30 | $9.72B |
| 2024-08-31 | $8.00B |
| 2024-05-31 | $7.73B |
| 2024-02-29 | $6.50B |
| 2023-11-30 | $5.15B |
| 2023-08-31 | $5.30B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.