VS
Global X U.S. Infrastructure Development Index ETF (PAVE) and BMO Equal Weight Banks Index ETF (ZEB) 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 ZEB leans towards Financials. When evaluating costs, PAVE features a management fee (MER) of 0.49%, compared to 0.25% for ZEB. 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
ZEB
| AuM | $3.07 M | $5,232.92 M |
| Management Fees | 0.49% | 0.25% |
| Exp. ratio | 0.49% | 0.28% |
| Tracking Difference | - | -0.67% |
Historical performance and flows
As of May 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAVE | - | - | - | - | - |
ZEB | +4.39% | +10.49% | +14.92% | +62.21% | +121.70% | |
| Flows | PAVE | - | - | - | - | - |
ZEB | -$110 M | -$431 M | -$1,031 M | -$1,413 M | -$1,453 M |
PAVE vs ZEB exposure
Countries
PAVE
USA
87.88%
Ireland
9.93%
ZEB
Canada
100.00%
Sectors
PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
ZEB
Financials
100.00%
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%
ZEB
ROYAL BK CANADA
17.14%
TORONTO DOMINION
17.02%
BNS
16.62%
BANK OF MONTREAL
16.48%
CDN IMPERIAL BK
16.40%
NATIONAL BANK OF CANADA
16.33%
Diversification
PAVE
Total weight of top 10 holdings out of 99 total
33.19%
ZEB
Total weight of top 10 holdings out of 6 total
100.00%
Characteristics
Compare
PAVE
ZEB
| Provider | Global X | BMO |
| 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 | - | 2.62% |
| Meets ESG criteria | No | No |
| Inception Date | April 29, 2026 | October 20, 2009 |
Frequently asked questions about PAVE and ZEB
Which ETF is larger by assets under management: PAVE or ZEB?
As of May 11, 2026, PAVE manages $3.07 M in assets, while ZEB manages $5.23 B. ZEB is the larger fund by AUM.
How are PAVE and ZEB managed?
PAVE is passively managed by Global X. It tracks the Indxx U.S. Infrastructure Development Total Return Index - USD benchmark. ZEB is passively managed by BMO. It tracks the Solactive Equal Weight Canada Banks GTR Index - CAD benchmark.
What sectors do PAVE and ZEB emphasize?
PAVE is most exposed to Industrials, Materials, and Utilities. ZEB is most exposed to Financials.
How do the fees of PAVE and ZEB compare?
PAVE has an expense ratio of 0.49%, while ZEB has an expense ratio of 0.28%.
What are the top holdings of PAVE and ZEB?
PAVE's largest holdings include QUANTA SERVICES and SEMPRA ENERGY. ZEB's top holdings include ROYAL BK CANADA, TORONTO DOMINION, and BNS.
Which ETF is more diversified: PAVE or ZEB?
PAVE holds 91 securities, while ZEB holds 6. On holdings count, PAVE is the more diversified portfolio.
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