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BKGI vs NFRX: which is really different?

NFRX holds 56.3% of its weight in S&P 500 companies and BKGI 23.7%. BNY Mellon Global Infrastructure Income ETF and Harrison Street Infrastructure Active ETF.

BKGI costs 0.25 points a year less; BKGI is 12.4 times larger.

BKGINFRX
Expense ratio0.55%0.80%
Net assets, BKGI as of Jul 31, 2026 and NFRX as of Jun 30, 2026$1.3bn$106m
Total return, 1 year+10.1%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 7.2 pts
Against the S&P 500, since Jan 30, 2026behind by 12.8 pts
Below its all-time high10.0%, high on Jul 24, 20268.7%, high on Feb 27, 2026
23.7%
BKGI in the S&P 500
56.3%
NFRX in the S&P 500
+10.1%
BKGI total return, 1 year
+0.6%
NFRX total return, since launch
BKGI · 1 year to Oct 9, 202676% of its weight is outside the S&P 500
76% of its weight is outside the S&P 50024% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 2026.24%76%in the S&P 500of its weight outside the S&P 500active share 99% · top ten 57% of the fund · 29 holdings as filed for Jul 31, 2026 · Nasdaq-100: 2% in76% of its weight is outside the S&P 50024% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 2026.24%76%inoutside the S&P 500active share 99% · Nasdaq-100: 2% in

24% of BKGI's weight is in S&P 500 companies and 76% is outside the index. Holdings as of Jul 31, 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 · BKGI 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
WindowBKGINFRXBKGINFRXBKGINFRX
3 months−6.9%−7.3%−10.3 pts−10.7 pts−10.5 pts−10.9 pts
6 months−8.0%−7.8%−23.1 pts−22.9 pts−31.2 pts−31.0 pts
1 year+10.1%not published−7.2 ptsnot published−13.5 ptsnot published
3 years+77.7%not published−8.1 ptsnot published−29.6 ptsnot published
Since launch
BKGI Nov 2022 · NFRX Jan 2026
+92.6%+0.6%−28.4 pts−12.8 pts−102.7 pts−20.6 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BKGI
BNY Mellon Global Infrastructure Income ETF · Holds 29 stocks in infrastructure, 24% 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 BNY Mellon not established
Theme Infrastructure Infrastructure
In the S&P 500 23.7% 56.3%
Active share vs the S&P 500 99.4% 98.2%
In the Nasdaq-100 1.7% 13.4%
Holdings 29 34
Top ten, share of the fund 57.2% 44.1%
Expense ratio 0.55% 0.80%
Fee for the differing part 0.55% 0.81%
Total return, 1 year +10.1% +0.6% (since it first traded on Jan 30, 2026)
vs the S&P 500 −7.2 pts −12.8 pts
vs the Nasdaq-100 −13.5 pts −20.6 pts
Below its high −10.0% −8.7%
Net assets, BKGI as of Jul 31, 2026 and NFRX as of Jun 30, 2026 $1.3bn $106m

As of Oct 9, 2026. Source: ETFIQ.

BKGI in plain words

By weight, 24% of BKGI'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 57% of the fund across 29 positions, as filed for Jul 31, 2026. Over the year to Oct 9, 2026 the fund returned +10.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 7.2 pts. It sits 10.0% 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, BKGI or NFRX?
BKGI has 24% of its weight in S&P 500 names and NFRX has 56%, so BKGI differs more from the index.
Which is cheaper, BKGI or NFRX?
BKGI charges 0.55% a year and NFRX charges 0.80%, so BKGI is cheaper. Fees come from each fund's prospectus.
Other comparisons
BKGI vs CSIOBKGI vs RIFRBKGI vs RBLDBKGI vs IPAVNFRX vs UPGRNFRX vs NGIFNFRX vs GIINFRX vs NFRA
BKGI on its own →NFRX on its own →How every figure is computed →Standards and sources →
Where these figures came from
BKGI filings on SEC EDGAR ↗BKGI prospectus with the expense ratio (SEC) ↗BNY Mellon website ↗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, BKGI against NFRX, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bkgi-vs-nfrx

Open data

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