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BLDX vs NFRX: which is really different?

NFRX holds 56.3% of its weight in S&P 500 companies and BLDX 36.0%. Impax Global Sustainable Infrastructure ETF and Harrison Street Infrastructure Active ETF.

BLDX costs 0.20 points a year less; BLDX is 1.1 times larger.

BLDXNFRX
Expense ratio0.60%0.80%
Net assets, as of Jun 30, 2026$118m$106m
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, since Feb 2, 2026+12.8%
S&P 500, total return, since Jan 30, 2026+13.4%
Against the S&P 500, since Feb 2, 2026behind by 13.4 pts
Against the S&P 500, since Jan 30, 2026behind by 12.8 pts
Below its all-time high9.7%, high on Apr 8, 20268.7%, high on Feb 27, 2026
36.0%
BLDX in the S&P 500
56.3%
NFRX in the S&P 500
−0.6%
BLDX total return, since launch
+0.6%
NFRX total return, since launch
BLDX · 6 months to Oct 9, 202664% of its weight is outside the S&P 500
64% of its weight is outside the S&P 50036% of BLDX's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jun 30, 2026.36%64%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 97% · top ten 40% of the fund · 38 holdings as filed for Jun 30, 2026 · Nasdaq-100: 3% in64% of its weight is outside the S&P 50036% of BLDX's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jun 30, 2026.36%64%inoutside the S&P 500active share 97% · Nasdaq-100: 3% in

36% of BLDX's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jun 30, 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
WindowBLDXNFRXBLDXNFRXBLDXNFRX
3 months−5.3%−7.3%−8.6 pts−10.7 pts−8.9 pts−10.9 pts
6 months−6.8%−7.8%−22.0 pts−22.9 pts−30.0 pts−31.0 pts
Since launch
BLDX Feb 2026 · NFRX Jan 2026
−0.6%+0.6%−13.4 pts−12.8 pts−21.0 pts−20.6 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
NFRX
Harrison Street Infrastructure Active ETF · Holds 34 stocks in infrastructure, 56% of its weight in S&P 500 companies
Issuer Impax not established
Theme Infrastructure Infrastructure
In the S&P 500 36.0% 56.3%
Active share vs the S&P 500 96.6% 98.2%
In the Nasdaq-100 3.3% 13.4%
Holdings 38 34
Top ten, share of the fund 39.6% 44.1%
Expense ratio 0.60% 0.80%
Fee for the differing part 0.62% 0.81%
Total return, 1 year −0.6% (since it first traded on Feb 2, 2026) +0.6% (since it first traded on Jan 30, 2026)
vs the S&P 500 −13.4 pts −12.8 pts
vs the Nasdaq-100 −21.0 pts −20.6 pts
Below its high −9.7% −8.7%
Net assets, as of Jun 30, 2026 $118m $106m

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.

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, BLDX or NFRX?
BLDX has 36% of its weight in S&P 500 names and NFRX has 56%, so NFRX differs more from the index.
Which is cheaper, BLDX or NFRX?
BLDX charges 0.60% a year and NFRX charges 0.80%, so BLDX is cheaper. Fees come from each fund's prospectus.
Other comparisons
BLDX vs RIFRBLDX vs RBLDBLDX vs GLIXBLDX vs IPAVNFRX vs RIFRNFRX vs RBLDNFRX vs UPGRNFRX vs NGIF
BLDX on its own →NFRX 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 ↗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, BLDX against NFRX, data as of Oct 9, 2026. https://etfiq.com/compare/themes/bldx-vs-nfrx

Open data

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