Do EFRA and UPGR hold the same stocks?

By their latest filings, 5% 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 UPGR?

EFRA has 26% of its weight in S&P 500 names and UPGR has 23%, so EFRA differs more from the index.

Which is cheaper, EFRA or UPGR?

EFRA charges 0.47% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.

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EFRA vs UPGR: which is really different?

EFRA and UPGR hold 5% of their weight in the same names, and EFRA returned +3.8% over the year. iShares Environmental Infrastructure and Industrials ETF and Xtrackers US Green Infrastructure Select Equity ETF.

26.4%

EFRA in the S&P 500

22.9%

UPGR in the S&P 500

+3.8%

EFRA total return, 1 year

−4.5%

UPGR 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

UPGR · 1 year to Sep 30, 202677% of its weight is outside the S&P 500

23% of UPGR's weight is in S&P 500 companies and 77% is outside the index

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

EFRA 78.3

UPGR 42.8

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 UPGR hold 5% 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 May 29, 2026 and Sep 29, 2026.

50%

half

5% in common

Positions both hold, largest shared weight first

Holding EFRA UPGR

CLEAN HARBORS INC 4.52% 1.75%

VERALTO CORP 6.24% 1.73%

XYLEM INC 5.73% 1.60%

Only in EFRA

WESTINGHOUSE AIR BRAKE TECHNOLOGIE 6.24%

SMURFIT WESTROCK PLC 6.23%

VEOLIA ENVIRON. SA 5.84%

AMERICAN WATER WORKS 5.73%

UNITED UTILITIES GROUP PLC 3.96%

COMPANHIA DE SANEAMENTO BASICO DE 3.46%

ESSENTIAL UTILITIES INC 3.18%

SEVERN TRENT PLC 3.09%

Only in UPGR

FUELCELL ENERGY INC 6.24%

PURECYCLE TECHNOLOGIES INC 4.29%

SHOALS TECHNOLOGIES GROUP INC 3.37%

BLOOM ENERGY CORP 3.35%

FIRST SOLAR INC 2.93%

ENERGY VAULT HOLDINGS INC 2.89%

QUANTUMSCAPE CORP 2.74%

PLUG POWER INC 2.72%

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

5% 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	UPGR	EFRA	UPGR	EFRA	UPGR
3 months	−3.9%	−20.3%	−6.4 pts	−22.9 pts	−6.0 pts	−22.5 pts
6 months	−0.9%	−6.8%	−17.8 pts	−23.8 pts	−27.7 pts	−33.7 pts
1 year	+3.8%	−4.5%	−11.9 pts	−20.2 pts	−20.0 pts	−28.3 pts
3 years	+44.6%	+10.8%	−40.3 pts	−74.2 pts	−65.3 pts	−99.2 pts
Since launch EFRA Nov 2022 · UPGR Jul 2023	+57.3%	−10.6%	−59.2 pts	−87.2 pts	−133.5 pts	−109.3 pts

EFRA and UPGR 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

UPGR

Xtrackers US Green Infrastructure Select Equity ETF · Holds 45 stocks in infrastructure, 23% of its weight in S&P 500 companies

Issuer iShares Xtrackers

Theme Infrastructure Infrastructure

In the S&P 500 26.4% 22.9%

Active share vs the S&P 500 99.8% 97.4%

In the Nasdaq-100 0.0% 2.4%

Holdings 100 45

Top ten, share of the fund 51.1% 33.8%

Expense ratio 0.47% 0.35%

Fee for the differing part 0.47% 0.36%

Total return, 1 year +3.8% −4.5%

vs the S&P 500 −11.9 pts −20.2 pts

vs the Nasdaq-100 −20.0 pts −28.3 pts

Below its high −7.9% −27.0%

Net assets $5m $537,620

EFRA and UPGR 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.

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 Sep 30, 2026 the fund returned −4.5% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 20.2 pts. It sits 27.0% below its all-time high of Jun 2, 2026.

Questions people ask

Do EFRA and UPGR hold the same stocks?: By their latest filings, 5% 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 UPGR?: EFRA has 26% of its weight in S&P 500 names and UPGR has 23%, so EFRA differs more from the index.
Which is cheaper, EFRA or UPGR?: EFRA charges 0.47% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

EFRA on its own →UPGR 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 ↗UPGR filings on SEC EDGAR ↗UPGR prospectus with the expense ratio (SEC) ↗Xtrackers website ↗

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 UPGR, data as of Sep 30, 2026. https://etfiq.com/compare/themes/efra-vs-upgr

Open data

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