Do IFRA and ITA hold the same stocks?

By their latest filings, 1% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IFRA or ITA?

IFRA has 72% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.

Which is cheaper, IFRA or ITA?

IFRA charges 0.30% a year and ITA charges 0.37%, so IFRA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

IFRA vs ITA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, IFRA returned +9.4% to ITA's −4.3%; 1% of their weight is in the same names.

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Net assets on Oct 27, 2026: $4.0bn for iShares U.S. Infrastructure ETF and $12.0bn for iShares U.S. Aerospace & Defense ETF.

IFRA on its own →ITA on its own →

At a glance

72.1%

IFRA in the S&P 500

80.8%

ITA in the S&P 500

+9.4%

IFRA total return, 1 year

−4.3%

ITA total return, 1 year

IFRA · 1 year to Oct 28, 2026 28% of its weight is outside the S&P 500

72% of IFRA's weight is in S&P 500 companies and 28% is outside the index. Holdings as of Oct 27, 2026.

ITA · 1 year to Oct 28, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

IFRA costs 0.07 points a year less; their one-year returns differ by 13.7 points; ITA is 3.0 times larger.

IFRA vs ITA: Holdings Overlap & Returns
Measure	IFRA	ITA
Return
Measure	IFRA	ITA
Total return, 1 year	+9.4%	−4.3%
Drawdown
Measure	IFRA	ITA
Below its all-time high	9.6%, high on Jun 25, 2026	17.9%, high on Aug 14, 2026
Benchmark
Measure	IFRA	ITA
What it tracks	Infrastructure	Defense
Cost and size
Measure	IFRA	ITA
Expense ratio	0.30%	0.37%
Net assets, as of Oct 27, 2026	$4.0bn	$12.0bn
Holdings
Measure	IFRA	ITA
Holdings in common	1%

ETFIQ S&P 500 Difference Score · ITA scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score73.7IFRA87.1ITA

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

IFRA 73.7

ITA 87.1

0.4, the lowest in this set 99.6, the highest

A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 13, 2018 to Oct 23, 2026 · 445 weekly returns

IFRA ITA

Return

Total return edge IFRA +163.5% +120.0%

Annualized edge IFRA +12.0% +9.7%

Price return edge IFRA +121.3% +102.7%

Risk

Volatility edge IFRA 21.6% 26.4%

Max drawdown edge IFRA −39.2% −49.3%

Risk-adjusted

Sharpe edge IFRA 0.50 0.38

Sortino edge IFRA 0.72 0.54

Calmar edge IFRA 0.31 0.20

Reading

IFRA returned more: +163.5% to +120.0%. IFRA swung less: 21.6% to 26.4%. IFRA fell less at its worst: −39.2% to −49.3%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IFRA vs ITA: Holdings Overlap & Returns
Measure	IFRA	ITA	Edge	How it is measured
Return
Total return	+163.5%	+120.0%	IFRA	Price change plus distributions, reinvested.
Annualized	+12.0%	+9.7%	IFRA	Total return as a yearly rate.
Price return	+121.3%	+102.7%	IFRA	Price change alone, distributions left out.
Risk
Volatility	21.6%	26.4%	IFRA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.1%	18.5%	IFRA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.2%	−49.3%	IFRA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.50	0.38	IFRA	Return above Treasury bills per unit of volatility.
Sortino	0.72	0.54	IFRA	Return above Treasury bills per unit of downside deviation.
Calmar	0.31	0.20	IFRA	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 445 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IFRA and ITA hold 1% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

1% in common

Positions both hold · largest shared weight first IFRA ITA

ATI 0.88% 1.77%

CARPENTER TECHNOLOGY 0.55% 1.12%

Only in one fund ↓

Only in IFRA

UNION PACIFIC 4.24%

NEXTERA ENERGY 4.04%

CSX 3.81%

CATERPILLAR INC 3.59%

QUANTA SERVICES INC 3.39%

SOUTHERN 3.09%

NORFOLK SOUTHERN CORP 3.00%

UNITED RENTALS 2.84%

Only in ITA

GE AEROSPACE 20.09%

RTX 17.06%

BOEING 6.81%

LOCKHEED MARTIN 5.66%

NORTHROP GRUMMAN CORP 5.09%

GENERAL DYNAMICS CORP 4.79%

TRANSDIGM GROUP 4.78%

HONEYWELL AEROSPACE INC 4.16%

Check overlap with more funds →

Window by window

Window by window: IFRA vs ITA: Holdings Overlap & Returns
	Total return
Window	IFRA	ITA
3 months	−3.4%	−12.0%
6 months	−3.8%	−2.4%
1 year	+9.4%	−4.3%
3 years	+76.3%	+97.8%
Since launchNot the same days: IFRA Apr 2018 · ITA May 2006	+167.2%	+892.2%

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Side by side

IFRA iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% of its weight in S&P 500 companies ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer iShares iShares

Theme Infrastructure Defense

In the S&P 500 72.1% 80.8%

Active share vs the S&P 500 95.7% 97.7%

In the Nasdaq-100 11.2% 2.7%

Holdings 164 51

Top ten, share of the fund 33.4% 76.1%

Expense ratio 0.30% 0.37%

Fee for the differing part 0.31% 0.38%

Total return, 1 year +9.4% −4.3%

vs its benchmark not measured not measured

Below its high −9.6% −17.9%

Net assets, as of Oct 27, 2026 $4.0bn $12.0bn

As of Oct 28, 2026. Source: ETFIQ.

1% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-A4BC7705B9

IFRA and ITA are built for the same job. How do they differ in cost, holdings and results?

Theme. IFRA covers Infrastructure and ITA covers Defense.
Concentration. The top ten holdings are 33.4% of IFRA and 76.1% of ITA, a gap of 42.7 points.
What each follows. IFRA follows Infrastructure and ITA follows Defense.

Data as of Oct 28, 2026.

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About each fund

IFRA

By weight, 72% of IFRA'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 33% of the fund across 164 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +9.4% with distributions reinvested. It sits 9.6% below its all-time high of Jun 25, 2026.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 2026.

Questions people ask

Do IFRA and ITA hold the same stocks?: By their latest filings, 1% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IFRA or ITA?: IFRA has 72% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.
Which is cheaper, IFRA or ITA?: IFRA charges 0.30% a year and ITA charges 0.37%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

IFRA vs IDEF IFRA vs PPA IFRA vs SHLD IFRA vs XAR ITA vs IGF ITA vs PAVE ITA vs ARTY ITA vs XME

Where to next

IFRA on its own →ITA on its own →IFRA dividend history →IFRA holdings →ITA dividend history →ITA holdings →Method →Standards and sources →

Sources and dates

IFRA and ITA filings on SEC EDGAR ↗

IFRA and ITA prospectus with the expense ratio (SEC) ↗

iShares page for IFRA ↗

iShares page for ITA ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, IFRA against ITA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/ifra-vs-ita

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