Do BILT and NFRA hold the same stocks?

By their latest filings, 9% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

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

BILT has 47% of its weight in S&P 500 names and NFRA has 36%, so BILT differs more from the index.

Which is cheaper, BILT or NFRA?

BILT charges 0.60% a year and NFRA charges 0.47%, so NFRA is cheaper. Fees come from each fund's prospectus.

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BILT vs NFRA: which is really different?

BILT and NFRA hold 9% of their weight in the same names, and BILT returned +8.5% over the year. iShares Infrastructure Active ETF and Northern Trust STOXX Global Broad Infrastructure ETF.

NFRA costs 0.13 points a year less; their one-year returns differ by 3.0 points; NFRA is far larger, $3.0bn against $112m.

	BILT	NFRA
Expense ratio	0.60%	0.47%
Net assets, BILT as of Oct 8, 2026 and NFRA as of Jul 31, 2026	$112m	$3.0bn
Total return, 1 year	+8.5%	+5.5%
What it tracks	Infrastructure	Infrastructure
Holdings in common	9%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 8.7 pts	behind by 11.7 pts
Below its all-time high	7.6%, high on Jul 24, 2026	5.5%, high on Feb 27, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

46.8%

BILT in the S&P 500

35.8%

NFRA in the S&P 500

+8.5%

BILT total return, 1 year

+5.5%

NFRA 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.

NFRA · 1 year to Oct 9, 202664% of its weight is outside the S&P 500

36% of NFRA's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 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

NFRA 35.3

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 NFRA hold 9% 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 Jul 31, 2026 and Oct 8, 2026.

50%

half

9% in common

Positions both hold, largest shared weight first

Holding BILT NFRA

NATIONAL GRID PLC 1.85% 1.29%

DUKE ENERGY CORP 1.23% 1.35%

AENA SME SA 5.33% 1.07%

NORFOLK SOUTHERN CORP 0.93% 1.04%

SEMPRA 3.40% 0.80%

ENTERGY CORP 3.37% 0.68%

XCEL ENERGY INC 4.39% 0.67%

RWE AG 0.94% 0.65%

SSE PLC 1.21% 0.59%

CROWN CASTLE INC 2.38% 0.46%

VIASAT INC 0.48% 0.13%

GUANGDONG INVESTMENT LTD 0.78% 0.13%

Only in BILT

UNION PACIFIC 5.47%

AMERICAN ELECTRIC POWER INC 4.90%

TC ENERGY 4.56%

PPL CORP 3.58%

WILLIAMS 3.46%

TRANSURBAN GROUP STAPLED UNITS 3.31%

CANADIAN PACIFIC KANSAS CITY 3.19%

NEXTERA ENERGY 2.51%

Only in NFRA

Canadian Pacific Kansas City Ltd. 3.74%

SoftBank Group Corp. 3.51%

Canadian National Railway Co. 3.34%

Deutsche Post AG 2.97%

Deutsche Telekom AG 2.83%

Verizon Communications, Inc. 2.70%

NextEra Energy, Inc. 2.51%

Union Pacific Corp. 2.40%

9% 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	NFRA	BILT	NFRA	BILT	NFRA
3 months	−6.4%	−3.7%	−9.8 pts	−7.1 pts	−10.1 pts	−7.4 pts
6 months	−5.7%	−2.5%	−20.9 pts	−17.7 pts	−28.9 pts	−25.7 pts
1 year	+8.5%	+5.5%	−8.7 pts	−11.7 pts	−15.1 pts	−18.1 pts
3 years	not published	+45.2%	not published	−40.6 pts	not published	−62.1 pts
Since launch BILT Jul 2025 · NFRA Oct 2013	+12.4%	+127.4%	−12.4 pts	−358.0 pts	−21.3 pts	−857.4 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

NFRA

Northern Trust STOXX Global Broad Infrastructure ETF · Holds 179 stocks in infrastructure, 36% of its weight in S&P 500 companies

Issuer iShares Northern Trust

Theme Infrastructure Infrastructure

In the S&P 500 46.8% 35.8%

Active share vs the S&P 500 98.1% 96.1%

In the Nasdaq-100 10.6% 7.4%

Holdings 237 179

Top ten, share of the fund 41.8% 28.6%

Expense ratio 0.60% 0.47%

Fee for the differing part 0.61% 0.49%

Total return, 1 year +8.5% +5.5%

vs the S&P 500 −8.7 pts −11.7 pts

vs the Nasdaq-100 −15.1 pts −18.1 pts

Below its high −7.6% −5.5%

Net assets, BILT as of Oct 8, 2026 and NFRA as of Jul 31, 2026 $112m $3.0bn

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.

NFRA in plain words

By weight, 36% of NFRA'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 29% of the fund across 179 positions, as filed for Jul 31, 2026. Over the year to Oct 9, 2026 the fund returned +5.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.7 pts. It sits 5.5% below its all-time high of Feb 27, 2026.

Questions people ask

Do BILT and NFRA hold the same stocks?: By their latest filings, 9% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, BILT or NFRA?: BILT has 47% of its weight in S&P 500 names and NFRA has 36%, so BILT differs more from the index.
Which is cheaper, BILT or NFRA?: BILT charges 0.60% a year and NFRA charges 0.47%, so NFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

BILT vs IFRA BILT vs BKGI BILT vs GII BILT vs IGF NFRA vs BLDX NFRA vs NFRX NFRA vs TOLZ NFRA vs CSIO

BILT on its own →NFRA 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 ↗NFRA filings on SEC EDGAR ↗NFRA prospectus with the expense ratio (SEC) ↗

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 NFRA, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bilt-vs-nfra

Open data

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