Do BLDX and NFRA hold the same stocks?

By their latest filings, 22% 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, BLDX or NFRA?

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

Which is cheaper, BLDX or NFRA?

BLDX 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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BLDX vs NFRA: which is really different?

BLDX and NFRA hold 22% of their weight in the same names. Impax Global Sustainable Infrastructure ETF and Northern Trust STOXX Global Broad Infrastructure ETF.

NFRA costs 0.13 points a year less; NFRA is far larger, $3.0bn against $118m.

	BLDX	NFRA
Expense ratio	0.60%	0.47%
Net assets, BLDX as of Jun 30, 2026 and NFRA as of Jul 31, 2026	$118m	$3.0bn
Total return, 1 year	not published	+5.5%
What it tracks	Infrastructure	Infrastructure
Holdings in common	22%
S&P 500, total return, since Feb 2, 2026	+12.8%
S&P 500, total return, 1 year		+17.3%
Against the S&P 500, since Feb 2, 2026	behind by 13.4 pts
Against the S&P 500, 1 year		behind by 11.7 pts
Below its all-time high	9.7%, high on Apr 8, 2026	5.5%, high on Feb 27, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

36.0%

BLDX in the S&P 500

35.8%

NFRA in the S&P 500

−0.6%

BLDX total return, since launch

+5.5%

NFRA total return, 1 year

BLDX · 6 months to Oct 9, 202664% of its weight is outside the S&P 500

36% of BLDX's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jun 30, 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 · BLDX scores higherHow much of it is not the index it is sold as an alternative to?

BLDX 37.2

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, BLDX and NFRA hold 22% 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 Jun 30, 2026 and Jul 31, 2026.

50%

half

22% in common

Positions both hold, largest shared weight first

Holding BLDX NFRA

Deutsche Telekom AG 3.18% 2.83%

NextEra Energy, Inc. 3.53% 2.51%

Union Pacific Corp. 5.29% 2.40%

Iberdrola SA 4.46% 2.30%

Waste Connections, Inc. 2.73% 2.02%

National Grid plc 3.86% 1.29%

Veolia Environnement SA 3.09% 1.25%

East Japan Railway Co. 1.77% 1.24%

Waste Management, Inc. 2.24% 1.17%

American Tower Corp. 1.72% 1.11%

KDDI Corp. 1.00% 1.41%

Digital Realty Trust, Inc. 3.22% 0.86%

Only in BLDX

Elia Group SA/NV 3.15%

Welltower, Inc. 3.08%

Hydro One Ltd. 3.06%

Elisa OYJ 2.96%

Westinghouse Air Brake Technologies Corp. 2.95%

Taiwan Semiconductor Manufacturing Co. Ltd. 2.71%

Tetra Tech, Inc. 2.54%

Vodacom Group Ltd. 2.46%

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%

Verizon Communications, Inc. 2.70%

AT&T, Inc. 2.23%

Enbridge, Inc. 1.83%

Bharti Airtel Ltd. 1.83%

22% 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	BLDX	NFRA	BLDX	NFRA	BLDX	NFRA
3 months	−5.3%	−3.7%	−8.6 pts	−7.1 pts	−8.9 pts	−7.4 pts
6 months	−6.8%	−2.5%	−22.0 pts	−17.7 pts	−30.0 pts	−25.7 pts
1 year	not published	+5.5%	not published	−11.7 pts	not published	−18.1 pts
3 years	not published	+45.2%	not published	−40.6 pts	not published	−62.1 pts
Since launch BLDX Feb 2026 · NFRA Oct 2013	−0.6%	+127.4%	−13.4 pts	−358.0 pts	−21.0 pts	−857.4 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

BLDX

Impax Global Sustainable Infrastructure ETF · Holds 38 stocks in infrastructure, 36% 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 Impax Northern Trust

Theme Infrastructure Infrastructure

In the S&P 500 36.0% 35.8%

Active share vs the S&P 500 96.6% 96.1%

In the Nasdaq-100 3.3% 7.4%

Holdings 38 179

Top ten, share of the fund 39.6% 28.6%

Expense ratio 0.60% 0.47%

Fee for the differing part 0.62% 0.49%

Total return, 1 year −0.6% (since it first traded on Feb 2, 2026) +5.5%

vs the S&P 500 −13.4 pts −11.7 pts

vs the Nasdaq-100 −21.0 pts −18.1 pts

Below its high −9.7% −5.5%

Net assets, BLDX as of Jun 30, 2026 and NFRA as of Jul 31, 2026 $118m $3.0bn

As of Oct 9, 2026. Source: ETFIQ.

BLDX in plain words

By weight, 36% of BLDX'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 40% of the fund across 38 positions, as filed for Jun 30, 2026. Since it first traded on Feb 2, 2026 the fund returned −0.6% with distributions reinvested against +12.8% for the S&P 500, so a holder was behind by 13.4 pts. It sits 9.7% below its all-time high of Apr 8, 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 BLDX and NFRA hold the same stocks?: By their latest filings, 22% 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, BLDX or NFRA?: BLDX has 36% of its weight in S&P 500 names and NFRA has 36%, so BLDX differs more from the index.
Which is cheaper, BLDX or NFRA?: BLDX charges 0.60% a year and NFRA charges 0.47%, so NFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

BLDX vs IPAV BLDX vs IFRA BLDX vs GII BLDX vs IGF NFRA vs NGIF NFRA vs NFRX NFRA vs TOLZ NFRA vs CSIO

BLDX on its own →NFRA on its own →How every figure is computed →Standards and sources →

Where these figures came from

BLDX filings on SEC EDGAR ↗BLDX prospectus with the expense ratio (SEC) ↗Impax website ↗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, BLDX against NFRA, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bldx-vs-nfra

Open data

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