PAVE
Global X U.S. Infrastructure Development Index ETF

Full PAVE fund page
VS
ZSP
BMO S&P 500 Index ETF

Full ZSP fund page

Global X U.S. Infrastructure Development Index ETF (PAVE) and BMO S&P 500 Index ETF (ZSP) 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 ZSP leans towards Information Technology, Financials, and Communication Services. When evaluating costs, PAVE features a management fee (MER) of 0.49%, compared to 0.08% for ZSP. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.

NAV Performance and Flows

0.02.04.06.0%Apr 13Apr 20Apr 27May 4May 11

Key Data

Historical performance and flows

As of May 11, 2026
1M3MYTD1Y3Y
Perf.
PAVE
-----
ZSP
+6.84%+7.87%+8.24%+25.25%+87.85%
Flows
PAVE
-----
ZSP
+$252 M+$326 M+$493 M+$1,710 M+$4,693 M

PAVE vs ZSP exposure

Countries

PAVE
USA
87.88%
Ireland
9.93%
ZSP
USA
96.98%

Sectors

PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
ZSP
Information Technology
33.63%
Financials
10.49%
Communication Services
10.10%
Consumer Discretionary
9.94%
Health Care
9.40%
Industrials
8.34%
Other
18.10%
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%
ZSP
NVIDIA
7.39%
APPLE
6.67%
MICROSOFT-T
4.90%
AMAZON.COM INC
3.61%
ALPHABET INC-CL
2.93%
BROADCOM LIMITED
2.56%
ALPHABET INC-CL
2.35%
META PLATFORMS
2.16%
TESLA
1.84%
BERKSHIRE HATHWAY
1.60%

Diversification

PAVE
Total weight of top 10 holdings out of 99 total
33.19%
ZSP
Total weight of top 10 holdings out of 502 total
36.04%

Characteristics

Compare
PAVE
ZSP
ProviderGlobal XBMO
ManagementPassively managedPassively managed
BenchmarkIndxx U.S. Infrastructure Development Total Return Index - USDS&P 500 CAD Total Return Index - CAD
Replication MethodDirect (Physical)
Asset ClassEquityEquity
Dividend PolicyDistributingDistributing
Trailing 12m distribution yield-0.78%
Meets ESG criteriaNoNo
Inception DateApril 29, 2026November 14, 2012

Frequently asked questions about PAVE and ZSP

Which ETF is larger by assets under management: PAVE or ZSP?
As of May 11, 2026, PAVE manages $3.07 M in assets, while ZSP manages $23.27 B. ZSP is the larger fund by AUM.
How are PAVE and ZSP managed?
PAVE is passively managed by Global X. It tracks the Indxx U.S. Infrastructure Development Total Return Index - USD benchmark. ZSP is passively managed by BMO. It tracks the S&P 500 CAD Total Return Index - CAD benchmark.
What sectors do PAVE and ZSP emphasize?
PAVE is most exposed to Industrials, Materials, and Utilities. ZSP is most exposed to Information Technology, Financials, and Communication Services.
How do the fees of PAVE and ZSP compare?
PAVE has an expense ratio of 0.49%, while ZSP has an expense ratio of 0.09%.
What are the top holdings of PAVE and ZSP?
PAVE's largest holdings include QUANTA SERVICES and SEMPRA ENERGY. ZSP's top holdings include NVIDIA, APPLE, and ALPHABET INC-CL.
Which ETF is more diversified: PAVE or ZSP?
PAVE holds 91 securities, while ZSP holds 477. On holdings count, ZSP is the more diversified portfolio.

Recent articles about PAVE and ZSP

CboeTrackinsight
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.
diamonds