GLBL vs PBUS: Grades, Fees and Holdings Compared

Pacer MSCI World Industry Advan

GLBLDCboe

Invesco MSCI USA ETF

PBUSACboe

Overlap

60.7%by weight

Expense ratio

PBUS −0.61pt a year

GLBL0.65%PBUS0.04%

Avg volume · 30D

PBUS 2406.8×the volume

GLBL180PBUS433K

GLBL vs PBUS Performance

Oct 31, 2025 – Oct 30, 2026

+8.9%GLBL+11.5%PBUS

Expense ratio: GLBL 0.65%; PBUS 0.04%, better
Fund size: GLBL $1M; PBUS $10.5B
1Y total return: GLBL +8.9%; PBUS +11.5%, better
Yield (12M): GLBL 0.76%; PBUS 1.02%, better
Holdings: GLBL 358; PBUS 517
Avg volume (30D): GLBL 180 sh; PBUS 433K sh, better
NAV per share: GLBL $27.38; PBUS $75.71
52W range

ETF.net Grade

Pillar letters and Scores for GLBL, PBUS, with each pillar’s weight
Pillar	GLBL	PBUS
Cost30% weight	F13	A98Higher
Mission25% weight	A74	A100Higher
Risk15% weight	C46	B63Higher
Tradability15% weight	F15	A86Higher
Holdings10% weight	C45	C50Higher
Durability5% weight	F13	A74Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. GLBL and PBUS are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

PBUS ranks 3rd and GLBL 33rd of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 4AVOOVVanguard S&P 500 Value ETFScore 79
Rank 31DGVIPGoldman Sachs Hedge Industry VIP ETFScore 37
Rank 33DGLBLPacer MSCI World Industry AdvanScore 36
Rank 33DWDAIPacer S&P World 3AI Top 300 ETFScore 36

Our read on each fund

ETF.net Research

GLBLDPacer MSCI World Industry Advan

PBUSAInvesco MSCI USA ETF

In short

GLBL Most global funds hand you the world sorted by size. GLBL starts from the MSCI World Index and screens for the leading companies in each country, landing on roughly 400 developed-market names. A newer, pricier route to going global.

PBUS Roughly 500 US stocks for 0.04% a year, benchmarked to the MSCI USA Index instead of the S&P 500. Invesco's rules-based core holding, running since 2017.

Stated mandate

GLBL The fund seeks global market growth through a strategy that screens the MSCI World Index for leading companies from each country.

PBUS The Fund tracks the MSCI USA Index and commits at least 90% of its assets to securities included in that index.

Why people hold it

GLBL The roster is chosen, not inherited: it screens the MSCI World Index for each country's leading companies instead of simply buying the whole cap-weighted list.paceretfs.com
About 400 holdings spread across developed markets worldwide, so the outcome rides on the screen rather than on one company or one country.paceretfs.com
Plain index wrapper mechanics with cash returned on a quarterly cadence.

PBUS 0.04% a year sits at the floor of its peer group, matching SPYV and a hair above SCHK's 0.03%.invesco.com
Returns have hugged the MSCI USA Index about as tightly as anything in its cohort, so index-level exposure arrives with very little slippage.
A multi-billion-dollar fund trading since 2017, with a real market cycle behind it rather than a launch-window track record.
Roughly 500 names and quarterly distributions: a plain broad-market wrapper with no options overlay, no leverage, no sector tilt bolted on.

Worth knowing

GLBL At 0.65%, the fee runs above the 0.45% median for index-tracking funds in its group, and cap-weighted world funds like VT charge 0.06%.
Launched in September 2024. Short history, and it remains a small, lightly traded fund, which tends to mean wider bid-ask spreads.
This is a screened slice of MSCI World, not the index itself, so results can drift from the familiar global benchmark in either direction.

PBUS MSCI USA is not the S&P 500. Holdings and results drift from an S&P-benchmarked portfolio, which matters if that is the yardstick you track against.invesco.com
The mandate commits at least 90% of assets to index securities, which leaves a slice of room outside the benchmark.
Moderately traded rather than one of the tape's busiest tickers, so spreads deserve a glance and limit orders earn their keep.

Full GLBL profile⁠

Full PBUS profile⁠

GLBL vs PBUS Holdings

As of Oct 23, 2026

How GLBL and PBUS differ

Overlap by weight

60.7%

Shared holdings make up 85.6% of GLBL and 65.6% of PBUS.

Level by level

Holdings233 in both60.7%
Countryby domicile86.5%
Sector11 Sectors86.5%
Asset classEquity100%

Sector

Sector weights in GLBL and PBUS, widest gap first
Sector	More in GLBLMore in PBUS	GLBL	PBUS
Industrials	PBUS +5.1 points	2.8%	7.9%
Communication	GLBL +5.0 points	14.9%	9.9%
Technology	GLBL +4.7 points	44.9%	40.2%
Health Care	PBUS +3.2 points	6.1%	9.3%
Energy	PBUS +2.3 points	1.2%	3.5%
Consumer Discretionary	GLBL +1.5 points	10.3%	8.8%
Utilities	PBUS +1.4 points	0.4%	1.8%
Financials	GLBL +1.2 points	12.2%	11.0%
Real Estate	GLBL +1.1 points	2.7%	1.6%
Consumer Staples	PBUS +0.9 points	3.4%	4.3%
Materials	PBUS +0.6 points	1.0%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in GLBL and PBUS, widest gap first
Country	More in GLBLMore in PBUS	GLBL	PBUS
United States	PBUS +13.4 points	85.8%	99.2%
Japan	GLBL +4.9 points	4.9%	0.0%
Canada	GLBL +4.7 points	4.8%	0.1%
Switzerland	GLBL +2.2 points	2.5%	0.3%
Germany	GLBL +0.7 points	0.7%	0.0%
Other countries (7)	GLBL +0.9 points	1.3%	0.4%

Concentration

Weight in the 10 largest Holdings

GLBL40.5%
PBUS36.6%

Securities held

GLBL353
PBUS515

Asset class

GLBL: Equity
PBUS: Equity

Holdings

Only in GLBL120
In both233
Only in PBUS282

Only in GLBL

120 securities, 14.2% of GLBL by weight

Roche Holding AG0.79%
Royal Bank of Canada0.65%
Novartis AG0.65%
Nestle SA0.60%
Toronto-Dominion Bank/The0.48%
Allianz SE0.43%
Toyota Motor Corp0.43%
Hitachi Ltd0.38%
Recruit Holdings Co Ltd0.37%
Iberdrola SA0.35%
Sony Group Corp0.34%
Unilever PLC0.33%
Bank of Nova Scotia/The0.27%
Bank of Montreal0.27%
Canadian Nat Res Ltd0.26%
SoftBank Group Corp0.25%
Enbridge Inc0.24%
Canadian Imperial Bank of Commerce0.24%
Elevance Health Inc0.23%
Suncor Energy Inc0.21%
Agnico Eagle Mines Ltd0.21%
Mitsubishi Corp0.21%
ITOCHU Corp0.19%
Canadian Pacific Kansas City Ltd0.19%
Mitsubishi Heavy Industries Ltd0.18%
Mitsui & Co Ltd0.17%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen0.16%
Barrick Mining Corp0.16%
Canadian National Railway Co0.15%
TC Energy Corp0.15%
Wheaton Precious Metals Corp0.14%
Mitsubishi Electric Corp0.14%
Panasonic Holdings Corp0.13%
Lonza Group AG0.13%
National Bank of Canada0.13%
KDDI Corp0.12%
Becton Dickinson & Co0.12%
Reckitt Benckiser Group PLC0.11%
Franco-Nevada Corp0.11%
SoftBank Corp0.10%
Vivmark Residential0.10%
Cenovus Energy Inc0.10%
Marubeni Corp0.10%
Sumitomo Corp0.10%
Fujikura Ltd0.10%
Block Inc0.10%
Honda Motor Co Ltd0.09%
Galderma Group AG0.09%
Sandoz Group AG0.09%
Komatsu Ltd0.09%

Only in PBUS

282 securities, 34.4% of PBUS by weight

Tesla Inc1.74%
Eli Lilly & Co1.65%
JPMorgan Chase & Co1.37%
ExxonMobil Holdings Corp1.14%
Johnson & Johnson1.00%
AbbVie Inc0.77%
Chevron Corp0.64%
Procter & Gamble Co/The0.56%
Merck & Co Inc0.54%
Coca-Cola Co/The0.54%
Bank of America Corp0.50%
Philip Morris International Inc0.49%
General Electric Co0.49%
Caterpillar Inc0.45%
RTX Corp0.40%
Thermo Fisher Scientific Inc0.40%
Wells Fargo & Co0.39%
Amgen Inc0.37%
GE Vernova Inc0.36%
Linde PLC0.35%
Citigroup Inc0.32%
Gilead Sciences Inc0.31%
ConocoPhillips0.27%
PepsiCo Inc0.27%
Verizon Communications Inc0.27%
Union Pacific Corp0.27%
NextEra Energy Inc0.26%
Pfizer Inc0.26%
Deere & Co0.24%
Eaton Corp PLC0.23%
Danaher Corp0.23%
AT&T Inc0.22%
Vertex Pharmaceuticals Inc0.21%
Progressive Corp/The0.20%
Lockheed Martin Corp0.20%
Boeing Co/The0.19%
Altria Group Inc0.19%
Marathon Petroleum Corp0.19%
Chubb Ltd0.19%
Bristol-Myers Squibb Co0.19%
Newmont Corp0.18%
Uber Technologies Inc0.18%
Parker-Hannifin Corp0.17%
Automatic Data Processing Inc0.17%
Valero Energy Corp0.17%
Phillips 660.16%
Southern Co/The0.16%
Duke Energy Corp0.15%
CSX Corp0.15%
Johnson Controls International plc0.14%

Weight gaps

The 100 widest of 233 Holdings in both funds.

Holding weights in GLBL and PBUS, widest gap first
Holding	More in GLBLMore in PBUS	GLBL	PBUS
Apple IncAAPL	PBUS +2.34 points	5.37%	7.71%
NVIDIA CorpNVDA	PBUS +2.33 points	5.06%	7.39%
Alphabet IncGOOGL	GLBL +2.04 points	4.55%	2.51%
Alphabet IncGOOG	GLBL +1.58 points	3.57%	1.99%
Meta Platforms IncMETA	GLBL +1.48 points	3.54%	2.06%
Amazon.com IncAMZN	GLBL +1.32 points	4.87%	3.55%
Broadcom IncAVGO	GLBL +1.20 points	3.55%	2.35%
Micron Technology IncMU	GLBL +0.81 points	2.40%	1.59%
Advanced Micro Devices IncAMD	GLBL +0.69 points	2.08%	1.39%
Berkshire Hathaway IncBRK.B	GLBL +0.60 points	1.75%	1.15%
Visa IncV	GLBL +0.55 points	1.57%	1.02%
Walmart IncWMT	GLBL +0.40 points	1.20%	0.80%
Costco Wholesale CorpCOST	GLBL +0.38 points	1.05%	0.67%
Palantir Technologies IncPLTR	GLBL +0.39 points	1.03%	0.64%
Mastercard IncMA	GLBL +0.38 points	1.15%	0.77%
Intel CorpINTC	GLBL +0.34 points	0.95%	0.61%
Cisco Systems IncCSCO	GLBL +0.33 points	0.97%	0.64%
UnitedHealth Group IncUNH	GLBL +0.32 points	0.88%	0.56%
Lam Research CorpLRCX	GLBL +0.27 points	0.75%	0.48%
Applied Materials IncAMAT	GLBL +0.25 points	0.75%	0.50%
Netflix IncNFLX	GLBL +0.24 points	0.63%	0.39%
Goldman Sachs Group Inc/TheGS	GLBL +0.22 points	0.63%	0.41%
Home Depot Inc/TheHD	GLBL +0.23 points	0.72%	0.49%
Marvell Technology IncMRVL	GLBL +0.21 points	0.49%	0.28%
Palo Alto Networks IncPANW	GLBL +0.20 points	0.67%	0.47%
AutoZone IncAZO	GLBL +0.20 points	0.28%	0.08%
ServiceNow IncNOW	GLBL +0.19 points	0.36%	0.17%
International Business Machines CorpIBM	GLBL +0.18 points	0.55%	0.36%
Sandisk CorpSNDK	GLBL +0.18 points	0.48%	0.30%
Morgan StanleyMS	GLBL +0.17 points	0.51%	0.34%
Texas Instruments IncTXN	GLBL +0.17 points	0.60%	0.43%
Salesforce IncCRM	GLBL +0.16 points	0.44%	0.28%
Microsoft CorpMSFT	PBUS +0.17 points	5.46%	5.63%
Walt Disney Co/TheDIS	GLBL +0.16 points	0.45%	0.29%
Kla CorpKLAC	GLBL +0.16 points	0.49%	0.33%
Oracle CorpORCL	GLBL +0.16 points	0.52%	0.36%
Crowdstrike Holdings IncCRWD	GLBL +0.16 points	0.55%	0.39%
Arista Networks IncANET	GLBL +0.15 points	0.45%	0.30%
Analog Devices IncADI	GLBL +0.14 points	0.46%	0.32%
QUALCOMM IncQCOM	GLBL +0.15 points	0.44%	0.29%
Welltower IncWELL	GLBL +0.14 points	0.39%	0.25%
Blackrock IncBLK	GLBL +0.14 points	0.40%	0.26%
Amphenol CorpAPH	GLBL +0.14 points	0.44%	0.30%
American Express CoAXP	GLBL +0.14 points	0.40%	0.26%
McDonald's CorpMCD	GLBL +0.14 points	0.41%	0.27%
TJX Cos Inc/TheTJX	GLBL +0.14 points	0.37%	0.23%
Seagate Technology Holdings PLCSTX	GLBL +0.14 points	0.37%	0.23%
Abbott LaboratoriesABT	GLBL +0.14 points	0.41%	0.27%
Charles Schwab Corp/TheSCHW	GLBL +0.13 points	0.35%	0.22%
Dell Technologies IncDELL	GLBL +0.13 points	0.34%	0.21%
Booking Holdings IncBKNG	GLBL +0.11 points	0.29%	0.18%
Fortinet IncFTNT	GLBL +0.11 points	0.24%	0.13%
Accenture PLCACN	GLBL +0.11 points	0.34%	0.23%
Equinix IncEQIX	GLBL +0.11 points	0.26%	0.15%
CVS Health CorpCVS	GLBL +0.11 points	0.28%	0.17%
S&P Global IncSPGI	GLBL +0.10 points	0.31%	0.21%
Prologis IncPLD	GLBL +0.10 points	0.28%	0.18%
Intuitive Surgical IncISRG	GLBL +0.10 points	0.34%	0.24%
Adobe IncADBE	GLBL +0.10 points	0.25%	0.15%
CME Group IncCME	GLBL +0.10 points	0.26%	0.16%
Corning IncGLW	GLBL +0.10 points	0.25%	0.15%
Western Digital CorpWDC	GLBL +0.10 points	0.30%	0.20%
McKesson CorpMCK	GLBL +0.10 points	0.27%	0.17%
Snowflake IncSNOW	GLBL +0.09 points	0.25%	0.16%
Medtronic PLCMDT	GLBL +0.09 points	0.28%	0.19%
Capital One Financial CorpCOF	GLBL +0.09 points	0.27%	0.18%
Lowe's Cos IncLOW	GLBL +0.09 points	0.26%	0.17%
Marriott International Inc/MDMAR	GLBL +0.08 points	0.21%	0.13%
Starbucks CorpSBUX	GLBL +0.08 points	0.26%	0.18%
Bank of New York Mellon Corp/TheBNY	GLBL +0.08 points	0.23%	0.15%
Robinhood Markets IncHOOD	GLBL +0.08 points	0.18%	0.10%
Stryker CorpSYK	GLBL +0.07 points	0.23%	0.16%
Intuit IncINTU	GLBL +0.07 points	0.21%	0.14%
Hilton Worldwide Holdings IncHLT	GLBL +0.07 points	0.19%	0.12%
Cloudflare IncNET	GLBL +0.07 points	0.22%	0.15%
Cigna Group/TheCI	GLBL +0.07 points	0.19%	0.12%
Intercontinental Exchange IncICE	GLBL +0.07 points	0.21%	0.14%
Datadog IncDDOG	GLBL +0.06 points	0.19%	0.13%
Keysight Technologies IncKEYS	GLBL +0.07 points	0.15%	0.08%
Synopsys IncSNPS	GLBL +0.07 points	0.20%	0.13%
Airbnb IncABNB	GLBL +0.07 points	0.17%	0.10%
DoorDash IncDASH	GLBL +0.06 points	0.16%	0.10%
O'Reilly Automotive IncORLY	GLBL +0.06 points	0.17%	0.11%
Hewlett Packard Enterprise CoHPE	GLBL +0.06 points	0.18%	0.12%
Moody's CorpMCO	GLBL +0.06 points	0.17%	0.11%
Cadence Design Systems IncCDNS	GLBL +0.06 points	0.20%	0.14%
Blackstone IncBX	GLBL +0.06 points	0.19%	0.13%
Royal Caribbean Cruises LtdRCL	GLBL +0.06 points	0.18%	0.12%
Cencora IncCOR	GLBL +0.06 points	0.15%	0.09%
Boston Scientific CorpBSX	GLBL +0.05 points	0.15%	0.10%
Simon Property Group IncSPG	GLBL +0.05 points	0.16%	0.11%
Target CorpTGT	GLBL +0.06 points	0.16%	0.10%
American Tower CorpAMT	GLBL +0.06 points	0.19%	0.13%
Ross Stores IncROST	GLBL +0.05 points	0.16%	0.11%
AppLovin CorpAPP	GLBL +0.05 points	0.14%	0.09%
Digital Realty Trust IncDLR	GLBL +0.05 points	0.15%	0.10%
Ciena CorpCIEN	GLBL +0.06 points	0.13%	0.07%
Teradyne IncTER	GLBL +0.05 points	0.12%	0.07%
Autodesk IncADSK	GLBL +0.05 points	0.13%	0.08%
TE Connectivity PLCTEL	GLBL +0.05 points	0.15%	0.10%

All 359 GLBL holdings⁠All 515 PBUS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GLBL vs PBUS Cost

Overpaying GLBL vs PBUS

$11,868

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GLBL 0.65%
$12,717
PBUS 0.04%
$849

Amount$10,000

Years30 years

Cost over time

GLBL 0.65%
PBUS 0.04%
Overpaying

Year by year

Year	GLBL	PBUS	Overpaying
10	$1,163	$73	$1,090
20	$4,440	$288	$4,152
30	$12,717	$849	$11,868

Expense ratio

0.65%GLBL
0.04%PBUS, cheaper

PBUS0.04%GLBL0.65%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

PBUS 2nd cheapest of 42 funds

GLBL 36th cheapest of 42 funds

GLBL vs PBUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GLBL 0.76%; PBUS 1.02%, better
Payout (12M): GLBL $0.21; PBUS $0.77
Last payment: GLBL $0.009; PBUS $0.19
Ex-dividend: GLBL Sep 3, 2026; PBUS Sep 21, 2026
Paid on: GLBL Sep 8, 2026; PBUS Sep 25, 2026
Frequency: GLBL Quarterly; PBUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GLBLQuarterly · 6 paymentsAll GLBL payments⁠

PBUSQuarterly · 36 paymentsAll PBUS payments⁠

GLBL vs PBUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GLBL 16.1%since Oct 2024PBUS 12.5%
Return per unit of riskSharpe ratio, 3 years: GLBL 0.72since Oct 2024PBUS 1.41
Worst fallMax drawdown, 5 years: GLBL −19.6%since Sep 2024PBUS −25.4%
Market sensitivityBeta, 5 years: GLBL 1.18PBUS 1.02; Market = 1

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