VS
Global X U.S. Infrastructure Development Index ETF (PAVE) and Global X Equal Weight Canadian Banks Index Corporate Class ETF (HEWB) 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 HEWB leans towards Financials. When evaluating costs, PAVE features a management fee (MER) of 0.49%, compared to 0.28% for HEWB. 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
HEWB
| AuM | $3.07 M | $289.93 M |
| Management Fees | 0.49% | 0.28% |
| Exp. ratio | 0.49% | 0.28% |
| Tracking Difference | - | -0.80% |
Historical performance and flows
As of May 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAVE | - | - | - | - | - |
HEWB | +4.39% | +10.50% | +14.90% | +62.07% | +121.50% | |
| Flows | PAVE | - | - | - | - | - |
HEWB | +$5 M | +$9 M | +$12 M | +$7 M | -$3 M |
PAVE vs HEWB exposure
Countries
PAVE
USA
87.88%
Ireland
9.93%
HEWB
Canada
99.99%
Sectors
PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
HEWB
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%
HEWB
ROYAL BK CANADA
17.10%
TORONTO DOMINION
16.90%
BNS
16.65%
BANK OF MONTREAL
16.51%
CDN IMPERIAL BK
16.48%
NATIONAL BANK OF CANADA
16.35%
Diversification
PAVE
Total weight of top 10 holdings out of 99 total
33.19%
HEWB
Total weight of top 10 holdings out of 6 total
99.99%
Characteristics
Compare
PAVE
HEWB
| 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 | Capitalization |
| Trailing 12m distribution yield | - | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | April 29, 2026 | January 23, 2019 |
Frequently asked questions about PAVE and HEWB
Which ETF is larger by assets under management: PAVE or HEWB?
As of May 11, 2026, PAVE manages $3.07 M in assets, while HEWB manages $289.93 M. HEWB is the larger fund by AUM.
How are PAVE and HEWB managed?
PAVE is passively managed by Global X. It tracks the Indxx U.S. Infrastructure Development Total Return Index - USD benchmark. HEWB is passively managed by Global X. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do PAVE and HEWB emphasize?
PAVE is most exposed to Industrials, Materials, and Utilities. HEWB is most exposed to Financials.
How do the fees of PAVE and HEWB compare?
PAVE has an expense ratio of 0.49%, while HEWB has an expense ratio of 0.28%.
What are the top holdings of PAVE and HEWB?
PAVE's largest holdings include QUANTA SERVICES and SEMPRA ENERGY. HEWB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: PAVE or HEWB?
PAVE holds 91 securities, while HEWB holds 6. On holdings count, PAVE is the more diversified portfolio.
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