Do GII and NFRA hold the same stocks?

By their latest filings, 27% 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, GII or NFRA?

GII has 35% of its weight in S&P 500 names and NFRA has 36%, so GII differs more from the index.

Which is cheaper, GII or NFRA?

GII charges 0.40% a year and NFRA charges 0.47%, so GII is cheaper. Fees come from each fund's prospectus.

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GII vs NFRA: which is really different?

GII and NFRA hold 27% of their weight in the same names. State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF and Northern Trust STOXX Global Broad Infrastructure ETF.

GII costs 0.07 points a year less; their one-year returns differ by 0.4 points; NFRA is 3.3 times larger.

	GII	NFRA
Expense ratio	0.40%	0.47%
Net assets, GII as of Oct 8, 2026 and NFRA as of Jul 31, 2026	$911m	$3.0bn
Total return, 1 year	+5.1%	+5.5%
What it tracks	Infrastructure	Infrastructure
Holdings in common	27%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 12.2 pts	behind by 11.7 pts
Below its all-time high	8.5%, high on Feb 27, 2026	5.5%, high on Feb 27, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

35.0%

GII in the S&P 500

35.8%

NFRA in the S&P 500

+5.1%

GII total return, 1 year

+5.5%

NFRA total return, 1 year

GII · 1 year to Oct 9, 202665% of its weight is outside the S&P 500

35% of GII's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Oct 8, 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 · GII scores higherHow much of it is not the index it is sold as an alternative to?

GII 50.6

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, GII and NFRA hold 27% 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 Jul 31, 2026 and Oct 8, 2026.

50%

half

27% in common

Positions both hold, largest shared weight first

Holding GII NFRA

NEXTERA ENERGY INC 4.70% 2.51%

IBERDROLA SA 4.13% 2.30%

ENBRIDGE INC 3.60% 1.83%

TRANSURBAN GROUP 4.83% 1.53%

SOUTHERN CO/THE 2.88% 1.47%

ENEL SPA 2.15% 1.35%

DUKE ENERGY CORP 2.65% 1.35%

NATIONAL GRID PLC 2.23% 1.29%

TC ENERGY CORP 2.17% 1.08%

AENA SME SA 4.72% 1.07%

KINDER MORGAN INC 2.20% 0.87%

DOMINION ENERGY INC 1.58% 0.83%

Only in GII

GRUPO AEROPORTUARIO PAC ADR 3.63%

AUCKLAND INTL AIRPORT LTD 3.58%

WILLIAMS COS INC 3.08%

CONSTELLATION ENERGY 2.73%

ADP 2.05%

AMERICAN ELECTRIC POWER 1.94%

FLUGHAFEN ZURICH AG REG 1.93%

GRUPO AEROPORTUARIO SUR ADR 1.79%

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%

Deutsche Telekom AG 2.83%

Verizon Communications, Inc. 2.70%

Union Pacific Corp. 2.40%

AT&T, Inc. 2.23%

27% 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	GII	NFRA	GII	NFRA	GII	NFRA
3 months	−6.2%	−3.7%	−9.6 pts	−7.1 pts	−9.9 pts	−7.4 pts
6 months	−7.6%	−2.5%	−22.8 pts	−17.7 pts	−30.8 pts	−25.7 pts
1 year	+5.1%	+5.5%	−12.2 pts	−11.7 pts	−18.5 pts	−18.1 pts
3 years	+61.5%	+45.2%	−24.3 pts	−40.6 pts	−45.8 pts	−62.1 pts
Since launch GII Jan 2007 · NFRA Oct 2013	+168.3%	+127.4%	−508.6 pts	−358.0 pts	−1,721.3 pts	−857.4 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

GII

State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF · Holds 77 stocks in infrastructure, 35% 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 State Street Northern Trust

Theme Infrastructure Infrastructure

In the S&P 500 35.0% 35.8%

Active share vs the S&P 500 98.1% 96.1%

In the Nasdaq-100 7.3% 7.4%

Holdings 77 179

Top ten, share of the fund 38.0% 28.6%

Expense ratio 0.40% 0.47%

Fee for the differing part 0.41% 0.49%

Total return, 1 year +5.1% +5.5%

vs the S&P 500 −12.2 pts −11.7 pts

vs the Nasdaq-100 −18.5 pts −18.1 pts

Below its high −8.5% −5.5%

Net assets, GII as of Oct 8, 2026 and NFRA as of Jul 31, 2026 $911m $3.0bn

As of Oct 9, 2026. Source: ETFIQ.

GII in plain words

By weight, 35% of GII'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 38% of the fund across 77 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +5.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 12.2 pts. It sits 8.5% below its all-time high of Feb 27, 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 GII and NFRA hold the same stocks?: By their latest filings, 27% 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, GII or NFRA?: GII has 35% of its weight in S&P 500 names and NFRA has 36%, so GII differs more from the index.
Which is cheaper, GII or NFRA?: GII charges 0.40% a year and NFRA charges 0.47%, so GII is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where these figures came from

GII filings on SEC EDGAR ↗State Street 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, GII against NFRA, data as of Oct 9, 2026. https://etfiq.com/compare/themes/gii-vs-nfra

Open data

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