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GII vs NFRX: which is really different?

NFRX holds 56.3% of its weight in S&P 500 companies and GII 35.0%. State Street(R) SPDR(R) S&P(R) Global Infrastructure ETF and Harrison Street Infrastructure Active ETF.

GII costs 0.40 points a year less; GII is 8.6 times larger.

GIINFRX
Expense ratio0.40%0.80%
Net assets, GII as of Oct 8, 2026 and NFRX as of Jun 30, 2026$911m$106m
Total return, 1 year+5.1%not published
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
S&P 500, total return, since Jan 30, 2026+13.4%
Against the S&P 500, 1 yearbehind by 12.2 pts
Against the S&P 500, since Jan 30, 2026behind by 12.8 pts
Below its all-time high8.5%, high on Feb 27, 20268.7%, high on Feb 27, 2026
35.0%
GII in the S&P 500
56.3%
NFRX in the S&P 500
+5.1%
GII total return, 1 year
+0.6%
NFRX total return, since launch
GII · 1 year to Oct 9, 202665% of its weight is outside the S&P 500
65% of its weight is outside the S&P 50035% of GII's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Oct 8, 2026.35%65%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 38% of the fund · 77 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 7% in65% of its weight is outside the S&P 50035% of GII's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Oct 8, 2026.35%65%inoutside the S&P 500active share 98% · Nasdaq-100: 7% in

35% of GII's weight is in S&P 500 companies and 65% is outside the index. Holdings as of Oct 8, 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
WindowGIINFRXGIINFRXGIINFRX
3 months−6.2%−7.3%−9.6 pts−10.7 pts−9.9 pts−10.9 pts
6 months−7.6%−7.8%−22.8 pts−22.9 pts−30.8 pts−31.0 pts
1 year+5.1%not published−12.2 ptsnot published−18.5 ptsnot published
3 years+61.5%not published−24.3 ptsnot published−45.8 ptsnot published
Since launch
GII Jan 2007 · NFRX Jan 2026
+168.3%+0.6%−508.6 pts−12.8 pts−1,721.3 pts−20.6 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
NFRX
Harrison Street Infrastructure Active ETF · Holds 34 stocks in infrastructure, 56% of its weight in S&P 500 companies
Issuer State Street not established
Theme Infrastructure Infrastructure
In the S&P 500 35.0% 56.3%
Active share vs the S&P 500 98.1% 98.2%
In the Nasdaq-100 7.3% 13.4%
Holdings 77 34
Top ten, share of the fund 38.0% 44.1%
Expense ratio 0.40% 0.80%
Fee for the differing part 0.41% 0.81%
Total return, 1 year +5.1% +0.6% (since it first traded on Jan 30, 2026)
vs the S&P 500 −12.2 pts −12.8 pts
vs the Nasdaq-100 −18.5 pts −20.6 pts
Below its high −8.5% −8.7%
Net assets, GII as of Oct 8, 2026 and NFRX as of Jun 30, 2026 $911m $106m

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.

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, GII or NFRX?
GII has 35% of its weight in S&P 500 names and NFRX has 56%, so NFRX differs more from the index.
Which is cheaper, GII or NFRX?
GII charges 0.40% a year and NFRX charges 0.80%, so GII is cheaper. Fees come from each fund's prospectus.
Other comparisons
GII vs NFRAGII vs BILTGII vs TOLZGII vs RIFRNFRX vs TOLZNFRX vs PAVENFRX vs RBLDNFRX vs NGIF
GII on its own →NFRX on its own →How every figure is computed →Standards and sources →
Where these figures came from
GII filings on SEC EDGAR ↗State Street 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, GII against NFRX, data as of Oct 9, 2026. https://etfiq.com/compare/themes/gii-vs-nfrx

Open data

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