Do EFRA and IPAV hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, EFRA or IPAV?

EFRA has 26% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.

Which is cheaper, EFRA or IPAV?

EFRA charges 0.47% a year and IPAV charges 0.55%, so EFRA is cheaper. Fees come from each fund's prospectus.

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EFRA vs IPAV: which is really different?

EFRA and IPAV hold 0% of their weight in the same names, and IPAV returned +10.0% over the year. iShares Environmental Infrastructure and Industrials ETF and Global X Infrastructure Development ex-U.S. ETF.

26.4%

EFRA in the S&P 500

0.0%

IPAV in the S&P 500

+3.8%

EFRA total return, 1 year

+10.0%

IPAV total return, 1 year

EFRA · 1 year to Sep 30, 202674% of its weight is outside the S&P 500

26% of EFRA's weight is in S&P 500 companies and 74% is outside the index

IPAV · 1 year to Sep 30, 2026100% of its weight is outside the S&P 500

0% of IPAV's weight is in S&P 500 companies and 100% is outside the index

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

EFRA 78.3

IPAV 92

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, EFRA and IPAV hold 0% 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 Sep 29, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding EFRA IPAV

Only in EFRA

VERALTO CORP 6.24%

WESTINGHOUSE AIR BRAKE TECHNOLOGIE 6.24%

SMURFIT WESTROCK PLC 6.23%

VEOLIA ENVIRON. SA 5.84%

AMERICAN WATER WORKS 5.73%

XYLEM INC 5.73%

CLEAN HARBORS INC 4.52%

UNITED UTILITIES GROUP PLC 3.96%

Only in IPAV

FUJIKURA LTD 3.57%

CANADIAN NATL RAILWAY CO 3.43%

ARCELORMITTAL 3.36%

CANADIAN PACIFIC KANSAS CITY 3.25%

LARSEN & TOUBRO LTD 3.14%

NIPPON STEEL CORP 3.07%

VINCI SA 2.83%

SHIN-ETSU CHEMICAL CO LTD 2.81%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

0% 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	EFRA	IPAV	EFRA	IPAV	EFRA	IPAV
3 months	−3.9%	−3.4%	−6.4 pts	−5.9 pts	−6.0 pts	−5.5 pts
6 months	−0.9%	+0.1%	−17.8 pts	−16.9 pts	−27.7 pts	−26.8 pts
1 year	+3.8%	+10.0%	−11.9 pts	−5.7 pts	−20.0 pts	−13.8 pts
3 years	+44.6%	not published	−40.3 pts	not published	−65.3 pts	not published
Since launch EFRA Nov 2022 · IPAV Aug 2024	+57.3%	+26.1%	−59.2 pts	−14.1 pts	−133.5 pts	−32.7 pts

EFRA and IPAV over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

EFRA

iShares Environmental Infrastructure and Industrials ETF · Holds 100 stocks in infrastructure, 26% of its weight in S&P 500 companies

IPAV

Global X Infrastructure Development ex-U.S. ETF · Holds 109 stocks in infrastructure, 0% of its weight in S&P 500 companies

Issuer iShares Global X

Theme Infrastructure Infrastructure

In the S&P 500 26.4% 0.0%

Active share vs the S&P 500 99.8% 100.0%

In the Nasdaq-100 0.0% 0.0%

Holdings 100 109

Top ten, share of the fund 51.1% 30.9%

Expense ratio 0.47% 0.55%

Fee for the differing part 0.47% 0.55%

Total return, 1 year +3.8% +10.0%

vs the S&P 500 −11.9 pts −5.7 pts

vs the Nasdaq-100 −20.0 pts −13.8 pts

Below its high −7.9% −13.0%

Net assets $5m $5m

EFRA and IPAV on the same fields, as of Sep 30, 2026. Source: ETFIQ.

EFRA in plain words

By weight, 26% of EFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 51% of the fund across 100 positions, as published by its issuer for Sep 29, 2026. Over the year to Sep 30, 2026 the fund returned +3.8% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 11.9 pts. It sits 7.9% below its all-time high of Feb 27, 2026.

IPAV in plain words

By weight, 0% of IPAV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 31% of the fund across 109 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +10.0% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 5.7 pts. It sits 13.0% below its all-time high of May 6, 2026.

Questions people ask

Do EFRA and IPAV hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, EFRA or IPAV?: EFRA has 26% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.
Which is cheaper, EFRA or IPAV?: EFRA charges 0.47% a year and IPAV charges 0.55%, so EFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

EFRA vs IFRA EFRA vs RBLD EFRA vs UPGR EFRA vs PAVE IPAV vs PAVE IPAV vs RBLD IPAV vs UPGR IPAV vs IFRA

EFRA on its own →IPAV on its own →How every figure is computed →Standards and sources →

Where these figures came from

EFRA filings on SEC EDGAR ↗EFRA prospectus with the expense ratio (SEC) ↗iShares page for EFRA ↗IPAV filings on SEC EDGAR ↗IPAV prospectus with the expense ratio (SEC) ↗Global X page for IPAV ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, EFRA against IPAV, data as of Sep 30, 2026. https://etfiq.com/compare/themes/efra-vs-ipav

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.