Do EFRA and TOLZ hold the same stocks?

By their latest filings, 4% 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 TOLZ?

EFRA has 26% of its weight in S&P 500 names and TOLZ has 34%, so EFRA differs more from the index.

Which is cheaper, EFRA or TOLZ?

EFRA charges 0.47% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

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EFRA vs TOLZ: which is really different?

EFRA and TOLZ hold 4% of their weight in the same names, and TOLZ returned +8.1% over the year. iShares Environmental Infrastructure and Industrials ETF and ProShares DJ Brookfield Global Infrastructure ETF.

TOLZ costs 0.01 points a year less; their one-year returns differ by 2.5 points; TOLZ is far larger, $162m against $5m.

	EFRA	TOLZ
Expense ratio	0.47%	0.46%
Net assets, EFRA as of Oct 8, 2026 and TOLZ as of Oct 9, 2026	$5m	$162m
Total return, 1 year	+5.6%	+8.1%
What it tracks	Infrastructure	Infrastructure
Holdings in common	4%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 11.6 pts	behind by 9.2 pts
Below its all-time high	6.6%, high on Feb 27, 2026	7.5%, high on Mar 2, 2026

Holdings in common uses holdings dated Oct 8, 2026.

25.8%

EFRA in the S&P 500

33.9%

TOLZ in the S&P 500

+5.6%

EFRA total return, 1 year

+8.1%

TOLZ total return, 1 year

EFRA · 1 year to Oct 9, 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. Holdings as of Oct 8, 2026.

TOLZ · 1 year to Oct 9, 202666% of its weight is outside the S&P 500

34% of TOLZ's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Oct 8, 2026.

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

EFRA 79.2

TOLZ 60.6

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, EFRA and TOLZ hold 4% 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 Oct 8, 2026.

50%

half

4% in common

Positions both hold, largest shared weight first

Holding EFRA TOLZ

AMERICAN WATER WORKS 5.65% 1.26%

UNITED UTILITIES GROUP PLC 3.98% 0.98%

SEVERN TRENT PLC 3.11% 0.77%

ESSENTIAL UTILITIES INC 3.13% 0.55%

AMERICAN STATES WATER 0.91% 0.16%

PENNON GROUP PLC 0.66% 0.16%

CALIFORNIA WATER SERVICE GROUP 0.80% 0.14%

H2O AMERICA 0.57% 0.11%

Only in EFRA

VERALTO CORP 6.21%

WESTINGHOUSE AIR BRAKE TECHNOLOGIE 6.00%

SMURFIT WESTROCK PLC 5.81%

XYLEM INC 5.77%

VEOLIA ENVIRON. SA 5.74%

CLEAN HARBORS INC 4.59%

COMPANHIA DE SANEAMENTO BASICO DE 4.44%

YANGZIJIANG SHIPBUILDING (HOLDINGS 2.79%

Only in TOLZ

ENBRIDGE INC 5.80%

NATIONAL GRID PLC 5.40%

WILLIAMS COS INC 4.38%

VINCI SA 4.16%

AMERICAN TOWER CORP 3.85%

TC ENERGY CORP 3.51%

ENERGY TRANSFER LP 3.16%

KINDER MORGAN INC 3.13%

4% 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	TOLZ	EFRA	TOLZ	EFRA	TOLZ
3 months	−3.1%	−5.5%	−6.5 pts	−8.8 pts	−6.8 pts	−9.1 pts
6 months	−3.5%	−6.9%	−18.6 pts	−22.1 pts	−26.6 pts	−30.1 pts
1 year	+5.6%	+8.1%	−11.6 pts	−9.2 pts	−18.0 pts	−15.5 pts
3 years	+46.4%	+51.4%	−39.4 pts	−34.4 pts	−60.9 pts	−55.9 pts
Since launch EFRA Nov 2022 · TOLZ Mar 2014	+59.5%	+111.3%	−61.6 pts	−308.8 pts	−135.8 pts	−740.8 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

EFRA

iShares Environmental Infrastructure and Industrials ETF · Holds 79 stocks in infrastructure, 26% of its weight in S&P 500 companies

TOLZ

ProShares DJ Brookfield Global Infrastructure ETF · Holds 115 stocks in infrastructure, 34% of its weight in S&P 500 companies

Issuer iShares ProShares

Theme Infrastructure Infrastructure

In the S&P 500 25.8% 33.9%

Active share vs the S&P 500 99.8% 98.9%

In the Nasdaq-100 0.0% 2.1%

Holdings 79 115

Top ten, share of the fund 51.3% 39.4%

Expense ratio 0.47% 0.46%

Fee for the differing part 0.47% 0.47%

Total return, 1 year +5.6% +8.1%

vs the S&P 500 −11.6 pts −9.2 pts

vs the Nasdaq-100 −18.0 pts −15.5 pts

Below its high −6.6% −7.5%

Net assets, EFRA as of Oct 8, 2026 and TOLZ as of Oct 9, 2026 $5m $162m

As of Oct 9, 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 79 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +5.6% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.6 pts. It sits 6.6% below its all-time high of Feb 27, 2026.

TOLZ in plain words

By weight, 34% of TOLZ'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 39% of the fund across 115 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +8.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 9.2 pts. It sits 7.5% below its all-time high of Mar 2, 2026.

Questions people ask

Do EFRA and TOLZ hold the same stocks?: By their latest filings, 4% 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 TOLZ?: EFRA has 26% of its weight in S&P 500 names and TOLZ has 34%, so EFRA differs more from the index.
Which is cheaper, EFRA or TOLZ?: EFRA charges 0.47% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

EFRA vs BLDX EFRA vs BILT EFRA vs NFRX EFRA vs RIFR TOLZ vs UPGR TOLZ vs GII TOLZ vs IFRA TOLZ vs IGF

EFRA on its own →TOLZ 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 ↗TOLZ filings on SEC EDGAR ↗ProShares page for TOLZ ↗

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, EFRA against TOLZ, data as of Oct 9, 2026. https://etfiq.com/compare/themes/efra-vs-tolz

Open data

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