Do BILT and IFRA hold the same stocks?

By their latest filings, 28% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, BILT or IFRA?

BILT has 47% of its weight in S&P 500 names and IFRA has 72%, so BILT differs more from the index.

Which is cheaper, BILT or IFRA?

BILT charges 0.60% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

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BILT vs IFRA: which is really different?

BILT and IFRA hold 28% of their weight in the same names, and IFRA returned +9.5% over the year. iShares Infrastructure Active ETF and iShares U.S. Infrastructure ETF.

IFRA costs 0.30 points a year less; their one-year returns differ by 1.0 point; IFRA is far larger, $4.0bn against $112m.

	BILT	IFRA
Expense ratio	0.60%	0.30%
Net assets, as of Oct 8, 2026	$112m	$4.0bn
Total return, 1 year	+8.5%	+9.5%
What it tracks	Infrastructure	Infrastructure
Holdings in common	28%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 8.7 pts	behind by 7.8 pts
Below its all-time high	7.6%, high on Jul 24, 2026	10.6%, high on Jun 25, 2026

Holdings in common uses holdings dated Oct 8, 2026.

46.8%

BILT in the S&P 500

71.7%

IFRA in the S&P 500

+8.5%

BILT total return, 1 year

+9.5%

IFRA total return, 1 year

BILT · 1 year to Oct 9, 202653% of its weight is outside the S&P 500

47% of BILT's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Oct 8, 2026.

IFRA · 1 year to Oct 9, 202628% of its weight is outside the S&P 500

72% of IFRA's weight is in S&P 500 companies and 28% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · BILT scores higherHow much of it is not the index it is sold as an alternative to?

BILT 50.6

IFRA 34.7

0.1, the lowest in this set92.3, the highest

A percentile among the 391 thematic ETFs with a holdings filing. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, BILT and IFRA hold 28% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

50%

half

28% in common

Positions both hold, largest shared weight first

Holding BILT IFRA

UNION PACIFIC 5.47% 4.00%

WILLIAMS 3.46% 2.60%

NEXTERA ENERGY 2.51% 3.86%

AMERICAN ELECTRIC POWER INC 4.90% 1.96%

TC ENERGY 4.56% 1.77%

SEMPRA 3.40% 1.54%

DOMINION ENERGY 1.49% 1.60%

ENTERGY CORP 3.37% 1.41%

XCEL ENERGY INC 4.39% 1.35%

CSX 1.33% 3.51%

SOUTHERN 1.28% 2.92%

DUKE ENERGY CORP 1.23% 2.69%

Only in BILT

AENA SME SA 5.33%

TRANSURBAN GROUP STAPLED UNITS 3.31%

CANADIAN PACIFIC KANSAS CITY 3.19%

CHENIERE ENERGY 2.38%

CROWN CASTLE INC 2.38%

TARGA RESOURCES 2.24%

NATIONAL GRID PLC 1.85%

AUCKLAND INTERNATIONAL AIRPORT 1.31%

Only in IFRA

QUANTA SERVICES INC 4.08%

CATERPILLAR INC 4.07%

CONSTELLATION ENERGY CORP 2.85%

UNITED RENTALS 2.60%

COMFORT SYSTEMS USA 2.38%

NUCOR 2.22%

CRH PUBLIC LIMITED PLC 2.17%

KINDER MORGAN 1.85%

28% of the two portfolios are the same securities at the same weight.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	BILT	IFRA	BILT	IFRA	BILT	IFRA
3 months	−6.4%	−7.3%	−9.8 pts	−10.6 pts	−10.1 pts	−10.9 pts
6 months	−5.7%	−3.9%	−20.9 pts	−19.1 pts	−28.9 pts	−27.1 pts
1 year	+8.5%	+9.5%	−8.7 pts	−7.8 pts	−15.1 pts	−14.1 pts
3 years	not published	+64.5%	not published	−21.3 pts	not published	−42.8 pts
Since launch BILT Jul 2025 · IFRA Apr 2018	+12.4%	+164.1%	−12.4 pts	−69.5 pts	−21.3 pts	−230.2 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BILT

iShares Infrastructure Active ETF · Holds 237 stocks in infrastructure, 47% of its weight in S&P 500 companies

IFRA

iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% of its weight in S&P 500 companies

Issuer iShares iShares

Theme Infrastructure Infrastructure

In the S&P 500 46.8% 71.7%

Active share vs the S&P 500 98.1% 95.7%

In the Nasdaq-100 10.6% 10.9%

Holdings 237 164

Top ten, share of the fund 41.8% 33.4%

Expense ratio 0.60% 0.30%

Fee for the differing part 0.61% 0.31%

Total return, 1 year +8.5% +9.5%

vs the S&P 500 −8.7 pts −7.8 pts

vs the Nasdaq-100 −15.1 pts −14.1 pts

Below its high −7.6% −10.6%

Net assets, as of Oct 8, 2026 $112m $4.0bn

As of Oct 9, 2026. Source: ETFIQ.

BILT in plain words

By weight, 47% of BILT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 42% of the fund across 237 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +8.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 8.7 pts. It sits 7.6% below its all-time high of Jul 24, 2026.

IFRA in plain words

By weight, 72% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 33% of the fund across 164 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +9.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 7.8 pts. It sits 10.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do BILT and IFRA hold the same stocks?: By their latest filings, 28% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BILT or IFRA?: BILT has 47% of its weight in S&P 500 names and IFRA has 72%, so BILT differs more from the index.
Which is cheaper, BILT or IFRA?: BILT charges 0.60% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

BILT vs GLIX BILT vs NFRA BILT vs IGF BILT vs BKGI IFRA vs CSIO IFRA vs RIFR IFRA vs RBLD IFRA vs EFRA

BILT on its own →IFRA on its own →How every figure is computed →Standards and sources →

Where these figures came from

BILT filings on SEC EDGAR ↗iShares page for BILT ↗IFRA filings on SEC EDGAR ↗IFRA prospectus with the expense ratio (SEC) ↗iShares page for IFRA ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a position in a set, not a rating, and neither end of it is a recommendation.

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, BILT against IFRA, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bilt-vs-ifra

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.