Do BILT and TOLZ hold the same stocks?

By their latest filings, 30% 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 TOLZ?

BILT has 47% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.

Which is cheaper, BILT or TOLZ?

BILT charges 0.60% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

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BILT vs TOLZ: which is really different?

BILT and TOLZ hold 30% of their weight in the same names. iShares Infrastructure Active ETF and ProShares DJ Brookfield Global Infrastructure ETF.

TOLZ costs 0.14 points a year less; their one-year returns differ by 0.4 points; TOLZ is 1.4 times larger.

	BILT	TOLZ
Expense ratio	0.60%	0.46%
Net assets, BILT as of Oct 8, 2026 and TOLZ as of Oct 9, 2026	$112m	$162m
Total return, 1 year	+8.5%	+8.1%
What it tracks	Infrastructure	Infrastructure
Holdings in common	30%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 8.7 pts	behind by 9.2 pts
Below its all-time high	7.6%, high on Jul 24, 2026	7.5%, high on Mar 2, 2026

Holdings in common uses holdings dated Oct 8, 2026.

46.8%

BILT in the S&P 500

33.9%

TOLZ in the S&P 500

+8.5%

BILT total return, 1 year

+8.1%

TOLZ 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.

TOLZ · 1 year to Oct 9, 202666% of its weight is outside the S&P 500

34% of TOLZ's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Oct 8, 2026.

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

BILT 50.6

TOLZ 60.6

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 TOLZ hold 30% 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

30% in common

Positions both hold, largest shared weight first

Holding BILT TOLZ

TC ENERGY 4.56% 3.51%

WILLIAMS 3.46% 4.38%

SEMPRA 3.40% 2.59%

CHENIERE ENERGY 2.38% 2.84%

TARGA RESOURCES 2.24% 3.06%

TRANSURBAN GROUP STAPLED UNITS 3.31% 1.98%

NATIONAL GRID PLC 1.85% 5.40%

PPL CORP 3.58% 1.54%

CROWN CASTLE INC 2.38% 1.45%

AENA SME SA 5.33% 1.43%

PG&E CORP 2.15% 1.38%

NISOURCE 2.14% 0.96%

Only in BILT

UNION PACIFIC 5.47%

AMERICAN ELECTRIC POWER INC 4.90%

XCEL ENERGY INC 4.39%

ENTERGY CORP 3.37%

CANADIAN PACIFIC KANSAS CITY 3.19%

NEXTERA ENERGY 2.51%

EVERGY 2.43%

PINNACLE WEST 2.05%

Only in TOLZ

ENBRIDGE INC 5.80%

VINCI SA 4.16%

AMERICAN TOWER CORP 3.85%

ENERGY TRANSFER LP 3.16%

KINDER MORGAN INC 3.13%

ONEOK INC 2.82%

ENTERPRISE PRODUCTS PARTNERS 2.63%

EXELON CORP 2.13%

30% 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	TOLZ	BILT	TOLZ	BILT	TOLZ
3 months	−6.4%	−5.5%	−9.8 pts	−8.8 pts	−10.1 pts	−9.1 pts
6 months	−5.7%	−6.9%	−20.9 pts	−22.1 pts	−28.9 pts	−30.1 pts
1 year	+8.5%	+8.1%	−8.7 pts	−9.2 pts	−15.1 pts	−15.5 pts
3 years	not published	+51.4%	not published	−34.4 pts	not published	−55.9 pts
Since launch BILT Jul 2025 · TOLZ Mar 2014	+12.4%	+111.3%	−12.4 pts	−308.8 pts	−21.3 pts	−740.8 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

TOLZ

ProShares DJ Brookfield Global Infrastructure ETF · Holds 115 stocks in infrastructure, 34% of its weight in S&P 500 companies

Issuer iShares ProShares

Theme Infrastructure Infrastructure

In the S&P 500 46.8% 33.9%

Active share vs the S&P 500 98.1% 98.9%

In the Nasdaq-100 10.6% 2.1%

Holdings 237 115

Top ten, share of the fund 41.8% 39.4%

Expense ratio 0.60% 0.46%

Fee for the differing part 0.61% 0.47%

Total return, 1 year +8.5% +8.1%

vs the S&P 500 −8.7 pts −9.2 pts

vs the Nasdaq-100 −15.1 pts −15.5 pts

Below its high −7.6% −7.5%

Net assets, BILT as of Oct 8, 2026 and TOLZ as of Oct 9, 2026 $112m $162m

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.

TOLZ in plain words

By weight, 34% of TOLZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 39% of the fund across 115 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +8.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 9.2 pts. It sits 7.5% below its all-time high of Mar 2, 2026.

Questions people ask

Do BILT and TOLZ hold the same stocks?: By their latest filings, 30% 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 TOLZ?: BILT has 47% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.
Which is cheaper, BILT or TOLZ?: BILT charges 0.60% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

BILT vs BLDX BILT vs RIFR BILT vs GII BILT vs BKGI TOLZ vs UPGR TOLZ vs BLDX TOLZ vs CSIO TOLZ vs GLIX

BILT on its own →TOLZ 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 ↗TOLZ filings on SEC EDGAR ↗ProShares page for TOLZ ↗

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

Open data

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