VS
Global X U.S. Infrastructure Development Index ETF (PAVE) and Global X Equal Weight Canadian Banks Index ETF (HBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that PAVE focuses its top 3 sector exposures on Industrials, Materials, and Utilities, while HBNK leans towards Financials. When evaluating costs, PAVE features a management fee (MER) of 0.49%, compared to 0.09% for HBNK. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
PAVE
HBNK
| AuM | $3.07 M | $696.85 M |
| Management Fees | 0.49% | 0.09% |
| Exp. ratio | 0.49% | 0.10% |
| Tracking Difference | - | -0.43% |
Historical performance and flows
As of May 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAVE | - | - | - | - | - |
HBNK | +4.38% | +10.51% | +14.97% | +62.43% | - | |
| Flows | PAVE | - | - | - | - | - |
HBNK | -$201 M | -$384 M | -$446 M | -$702 M | - |
PAVE vs HBNK exposure
Countries
PAVE
USA
87.88%
Ireland
9.93%
HBNK
Canada
99.99%
Sectors
PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
HBNK
Financials
99.99%
As of May 11, 2026
Top 10 Holdings
PAVE
QUANTA SERVICES
3.59%
SEMPRA ENERGY
3.54%
CSX
3.50%
DEERE
3.34%
TRANE TECHNOLOGIES PLC
3.26%
UNION PACIFIC U
3.25%
EATON CORP PLC
3.24%
HOWMET AEROSPACE INC
3.23%
FASTENAL
3.17%
NORFOLK SOUTHERN
3.07%
HBNK
ROYAL BK CANADA
17.11%
TORONTO DOMINION
16.89%
BNS
16.66%
BANK OF MONTREAL
16.52%
CDN IMPERIAL BK
16.47%
NATIONAL BANK OF CANADA
16.34%
Diversification
PAVE
Total weight of top 10 holdings out of 99 total
33.19%
HBNK
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
PAVE
HBNK
| Provider | Global X | Global X |
| Management | Passively managed | Passively managed |
| Benchmark | Indxx U.S. Infrastructure Development Total Return Index - USD | Solactive Equal Weight Canada Banks GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.88% |
| Meets ESG criteria | No | No |
| Inception Date | April 29, 2026 | July 5, 2023 |
Frequently asked questions about PAVE and HBNK
Which ETF is larger by assets under management: PAVE or HBNK?
As of May 11, 2026, PAVE manages $3.07 M in assets, while HBNK manages $696.85 M. HBNK is the larger fund by AUM.
How are PAVE and HBNK managed?
PAVE is passively managed by Global X. It tracks the Indxx U.S. Infrastructure Development Total Return Index - USD benchmark. HBNK is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do PAVE and HBNK emphasize?
PAVE is most exposed to Industrials, Materials, and Utilities. HBNK is most exposed to Financials.
How do the fees of PAVE and HBNK compare?
PAVE has an expense ratio of 0.49%, while HBNK has an expense ratio of 0.10%.
What are the top holdings of PAVE and HBNK?
PAVE's largest holdings include QUANTA SERVICES and SEMPRA ENERGY. HBNK's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: PAVE or HBNK?
PAVE holds 91 securities, while HBNK holds 6. On holdings count, PAVE is the more diversified portfolio.
Recent articles about PAVE and HBNK
Bank Stocks: An Undervalued Gem?
Bank stocks are poised for growth amid declining inflation and rate cuts.
Posted on 7/29/2024 by ETF Market Canada inBanks
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.