VS
Global X U.S. Infrastructure Development Index ETF (PAVE) and BMO Equal Weight Utilities Index ETF (ZUT) 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 ZUT leans towards Utilities. When evaluating costs, PAVE features a management fee (MER) of 0.49%, compared to 0.55% for ZUT. 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
ZUT
| AuM | $3.07 M | $877.50 M |
| Management Fees | 0.49% | 0.55% |
| Exp. ratio | 0.49% | 0.61% |
| Tracking Difference | - | -0.85% |
Historical performance and flows
As of May 11, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | PAVE | - | - | - | - | - |
ZUT | -1.15% | +9.91% | +16.11% | +29.04% | +40.39% | |
| Flows | PAVE | - | - | - | - | - |
ZUT | +$0 M | -$33 M | -$62 M | +$135 M | +$253 M |
PAVE vs ZUT exposure
Countries
PAVE
USA
87.88%
Ireland
9.93%
ZUT
Canada
85.16%
Bermuda
14.84%
Sectors
PAVE
Industrials
68.61%
Materials
19.86%
Other
11.53%
ZUT
Utilities
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%
ZUT
BORALEX
9.91%
NORTHLAND POWER
7.97%
BROOKFIELD RENEWABLE PARTNERS
7.84%
CAPITAL POWER
7.84%
ALTAGAS
7.70%
ATCO
7.53%
ALGONQUIN POWER
7.52%
TRANSALTA
7.49%
EMERA
7.42%
CANADIAN UTILITIES
7.38%
Diversification
PAVE
Total weight of top 10 holdings out of 99 total
33.19%
ZUT
Total weight of top 10 holdings out of 13 total
78.61%
Characteristics
Compare
PAVE
ZUT
| Provider | Global X | BMO |
| Management | Passively managed | Passively managed |
| Benchmark | Indxx U.S. Infrastructure Development Total Return Index - USD | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | - | 2.89% |
| Meets ESG criteria | No | No |
| Inception Date | April 29, 2026 | January 19, 2010 |
Frequently asked questions about PAVE and ZUT
Which ETF is larger by assets under management: PAVE or ZUT?
As of May 11, 2026, PAVE manages $3.07 M in assets, while ZUT manages $877.50 M. ZUT is the larger fund by AUM.
How are PAVE and ZUT managed?
PAVE is passively managed by Global X. It tracks the Indxx U.S. Infrastructure Development Total Return Index - USD benchmark. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
What sectors do PAVE and ZUT emphasize?
PAVE is most exposed to Industrials, Materials, and Utilities. ZUT is most exposed to Utilities.
How do the fees of PAVE and ZUT compare?
PAVE has an expense ratio of 0.49%, while ZUT has an expense ratio of 0.61%.
What are the top holdings of PAVE and ZUT?
PAVE's largest holdings include QUANTA SERVICES and SEMPRA ENERGY. ZUT's top holdings include BORALEX, NORTHLAND POWER, and BROOKFIELD RENEWABLE PARTNERS.
Which ETF is more diversified: PAVE or ZUT?
PAVE holds 91 securities, while ZUT holds 13. On holdings count, PAVE is the more diversified portfolio.
Recent articles about PAVE and ZUT
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