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BILT vs NFRX: which is really different?

NFRX holds 56.3% of its weight in S&P 500 companies and BILT 46.8%. iShares Infrastructure Active ETF and Harrison Street Infrastructure Active ETF.

BILT costs 0.20 points a year less.

BILTNFRX
Expense ratio0.60%0.80%
Net assets, BILT as of Oct 8, 2026 and NFRX as of Jun 30, 2026$112m$106m
Total return, 1 year+8.5%not published
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
S&P 500, total return, since Jan 30, 2026+13.4%
Against the S&P 500, 1 yearbehind by 8.7 pts
Against the S&P 500, since Jan 30, 2026behind by 12.8 pts
Below its all-time high7.6%, high on Jul 24, 20268.7%, high on Feb 27, 2026
46.8%
BILT in the S&P 500
56.3%
NFRX in the S&P 500
+8.5%
BILT total return, 1 year
+0.6%
NFRX total return, since launch
BILT · 1 year to Oct 9, 202653% of its weight is outside the S&P 500
53% of its weight is outside the S&P 50047% of BILT's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Oct 8, 2026.47%53%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 42% of the fund · 237 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 11% in53% of its weight is outside the S&P 50047% of BILT's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Oct 8, 2026.47%53%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 11% in

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

NFRX · 6 months to Oct 9, 202644% of its weight is outside the S&P 500
44% of its weight is outside the S&P 50056% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.56%44%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 44% of the fund · 34 holdings as filed for Jun 30, 2026 · Nasdaq-100: 13% in44% of its weight is outside the S&P 50056% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.56%44%in the S&P 500outsideactive share 98% · Nasdaq-100: 13% in

56% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.

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

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowBILTNFRXBILTNFRXBILTNFRX
3 months−6.4%−7.3%−9.8 pts−10.7 pts−10.1 pts−10.9 pts
6 months−5.7%−7.8%−20.9 pts−22.9 pts−28.9 pts−31.0 pts
1 year+8.5%not published−8.7 ptsnot published−15.1 ptsnot published
Since launch
BILT Jul 2025 · NFRX Jan 2026
+12.4%+0.6%−12.4 pts−12.8 pts−21.3 pts−20.6 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
NFRX
Harrison Street Infrastructure Active ETF · Holds 34 stocks in infrastructure, 56% of its weight in S&P 500 companies
Issuer iShares not established
Theme Infrastructure Infrastructure
In the S&P 500 46.8% 56.3%
Active share vs the S&P 500 98.1% 98.2%
In the Nasdaq-100 10.6% 13.4%
Holdings 237 34
Top ten, share of the fund 41.8% 44.1%
Expense ratio 0.60% 0.80%
Fee for the differing part 0.61% 0.81%
Total return, 1 year +8.5% +0.6% (since it first traded on Jan 30, 2026)
vs the S&P 500 −8.7 pts −12.8 pts
vs the Nasdaq-100 −15.1 pts −20.6 pts
Below its high −7.6% −8.7%
Net assets, BILT as of Oct 8, 2026 and NFRX as of Jun 30, 2026 $112m $106m

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.

NFRX in plain words

By weight, 56% of NFRX'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 44% of the fund across 34 positions, as filed for Jun 30, 2026. Since it first traded on Jan 30, 2026 the fund returned +0.6% with distributions reinvested against +13.4% for the S&P 500, so a holder was behind by 12.8 pts. It sits 8.7% below its all-time high of Feb 27, 2026.

Questions people ask

Which is more different from the S&P 500, BILT or NFRX?
BILT has 47% of its weight in S&P 500 names and NFRX has 56%, so NFRX differs more from the index.
Which is cheaper, BILT or NFRX?
BILT charges 0.60% a year and NFRX charges 0.80%, so BILT is cheaper. Fees come from each fund's prospectus.
Other comparisons
BILT vs NFRABILT vs NGIFBILT vs BLDXBILT vs TOLZNFRX vs TOLZNFRX vs RIFRNFRX vs RBLDNFRX vs UPGR
BILT on its own →NFRX 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 ↗NFRX filings on SEC EDGAR ↗

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.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

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

Open data

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