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MLPD vs PAVE

Global X MLP & Energy Infrastructure Covered Call ETF vs Global X U.S. Infrastructure Development ETF

MLPD

Global X MLP & Energy Infrastructure Covered Call ETF

Global X Funds

Annual cost

0.60%

Fund size

$29M

PAVE

Global X U.S. Infrastructure Development ETF

Global X Funds

Annual cost

0.47%

Fund size

$13.4B

Key differences

  • PAVE costs 0.13% less per year.
  • PAVE is significantly larger than MLPD — larger funds tend to be more liquid and less likely to close.
  • MLPD follows a option income strategy; PAVE uses index tracking.
  • PAVE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MLPDPAVE
Annual cost (TER)0.60%0.47%
Fund size (AUM)$29M$13.4B
Since20242017
Dividend yield10.61%0.77%
Asset classequityequity
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+15.4%+39.0%
CAGR 3YN/A+27.3%
CAGR 5YN/A+17.8%
Sharpe 3YN/A1.11
Volatility 1Y7.34%18.91%
Max drawdown-12.90%-44.08%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to MLPD and PAVE