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BKGI vs UPGR: which is really different?

BKGI holds 23.7% of its weight in S&P 500 companies and UPGR 22.9%. BNY Mellon Global Infrastructure Income ETF and Xtrackers US Green Infrastructure Select Equity ETF.

UPGR costs 0.20 points a year less; their one-year returns differ by 21.3 points; BKGI is far larger, $1.3bn against $539,786.

BKGIUPGR
Expense ratio0.55%0.35%
Net assets, BKGI as of Jul 31, 2026 and UPGR as of Oct 8, 2026$1.3bn$539,786
Total return, 1 year+10.1%−11.2%
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearbehind by 7.2 ptsbehind by 28.5 pts
Below its all-time high10.0%, high on Jul 24, 202626.8%, high on Jun 2, 2026
23.7%
BKGI in the S&P 500
22.9%
UPGR in the S&P 500
+10.1%
BKGI total return, 1 year
−11.2%
UPGR total return, 1 year
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.

UPGR · 1 year to Oct 9, 202677% of its weight is outside the S&P 500
77% of its weight is outside the S&P 50023% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 2026.23%77%in the S&P 500of its weight outside the S&P 500active share 97% · top ten 34% of the fund · 45 holdings as filed for May 29, 2026 · Nasdaq-100: 2% in77% of its weight is outside the S&P 50023% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 2026.23%77%inoutside the S&P 500active share 97% · Nasdaq-100: 2% in

23% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 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
WindowBKGIUPGRBKGIUPGRBKGIUPGR
3 months−6.9%−14.2%−10.3 pts−17.6 pts−10.5 pts−17.9 pts
6 months−8.0%−9.7%−23.1 pts−24.8 pts−31.2 pts−32.9 pts
1 year+10.1%−11.2%−7.2 pts−28.5 pts−13.5 pts−34.8 pts
3 years+77.7%+13.7%−8.1 pts−72.1 pts−29.6 pts−93.6 pts
Since launch
BKGI Nov 2022 · UPGR Jul 2023
+92.6%−10.4%−28.4 pts−90.6 pts−102.7 pts−112.2 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
UPGR
Xtrackers US Green Infrastructure Select Equity ETF · Holds 45 stocks in infrastructure, 23% of its weight in S&P 500 companies
Issuer BNY Mellon Xtrackers
Theme Infrastructure Infrastructure
In the S&P 500 23.7% 22.9%
Active share vs the S&P 500 99.4% 97.4%
In the Nasdaq-100 1.7% 2.4%
Holdings 29 45
Top ten, share of the fund 57.2% 33.8%
Expense ratio 0.55% 0.35%
Fee for the differing part 0.55% 0.36%
Total return, 1 year +10.1% −11.2%
vs the S&P 500 −7.2 pts −28.5 pts
vs the Nasdaq-100 −13.5 pts −34.8 pts
Below its high −10.0% −26.8%
Net assets, BKGI as of Jul 31, 2026 and UPGR as of Oct 8, 2026 $1.3bn $539,786

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.

UPGR in plain words

By weight, 23% of UPGR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 34% of the fund across 45 positions, as filed for May 29, 2026. Over the year to Oct 9, 2026 the fund returned −11.2% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 28.5 pts. It sits 26.8% below its all-time high of Jun 2, 2026.

Questions people ask

Which is more different from the S&P 500, BKGI or UPGR?
BKGI has 24% of its weight in S&P 500 names and UPGR has 23%, so BKGI differs more from the index.
Which is cheaper, BKGI or UPGR?
BKGI charges 0.55% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.
Other comparisons
BKGI vs IPAVBKGI vs EFRABKGI vs TOLZBKGI vs IFRAUPGR vs IFRAUPGR vs EFRAUPGR vs NGIFUPGR vs GII
BKGI on its own →UPGR 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 ↗UPGR filings on SEC EDGAR ↗UPGR prospectus with the expense ratio (SEC) ↗Xtrackers website ↗

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 UPGR, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bkgi-vs-upgr

Open data

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