Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

IFRA vs ITA: which is really different?

ITA holds 79.5% of its weight in S&P 500 companies and IFRA 71.4%.

iShares U.S. Infrastructure ETF and iShares U.S. Aerospace & Defense ETF, side by side, thematic ETFs on ETFIQ.

71.4%IFRA in the S&P 500
79.5%ITA in the S&P 500
+13.5%IFRA total return, 1 year
+10.0%ITA total return, 1 year

ETFIQ Off-Index Score: ITA scores higher

How much of it is not the index it is sold as an alternative to?

IFRA 35.3ITA 48.20.1, the lowest in this set91.6, the highest

A percentile among the 371 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

IFRA29% of its weight is outside the S&P 500 · 1 year to Sep 11, 2026
71%29%of its weight in S&P 500 companiesoutside the S&P 500active share 96% · top ten 33% of the fund · 164 holdings filed Sep 10, 2026 · Nasdaq-100: 11% in71%29%in the S&P 500outsideactive share 96% · top ten 33% of the fund
ITA21% of its weight is outside the S&P 500 · 1 year to Sep 11, 2026
80%21%of its weight in S&P 500 companiesoutside the S&P 500active share 98% · top ten 78% of the fund · 51 holdings filed Sep 10, 2026 · Nasdaq-100: 3% in80%21%in the S&P 50021% of its weight outside the S&P 500active share 98% · top ten 78% of the fund

What they hold in common

By the books each fund has filed, IFRA and ITA hold 2% of their money in the same securities at the same weight.

Positions IFRA and ITA both hold, largest shared weight first
HoldingIFRAITA
ATI1.03%2.12%
CARPENTER TECHNOLOGY0.83%1.74%
BLK CSH FND TREASURY SL AGENCY0.07%0.06%
USD CASH0.18%0.06%
CASH COLLATERAL USD WFFUT0.02%0.01%
Largest positions each one holds and the other does not
Only in IFRAOnly in ITA
UNION PACIFIC 4.43%GE AEROSPACE 21.81%
NEXTERA ENERGY 4.05%RTX 17.21%
CATERPILLAR INC 3.76%BOEING 9.36%
QUANTA SERVICES INC 3.52%GENERAL DYNAMICS CORP 4.82%
CSX 3.48%LOCKHEED MARTIN CORP 4.69%
SOUTHERN 2.91%NORTHROP GRUMMAN CORP 4.44%
CONSTELLATION ENERGY CORP 2.85%TRANSDIGM GROUP 4.31%
NORFOLK SOUTHERN CORP 2.78%HOWMET AEROSPACE 4.24%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.

Performance, window by window

IFRA and ITA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
IFRAITAIFRAITAIFRAITA
3 months−5.6%−6.3%−8.9 pts−9.6 pts−4.8 pts−5.5 pts
6 months+2.3%−4.4%−13.7 pts−20.4 pts−18.4 pts−25.1 pts
1 year+13.5%+10.0%−4.0 pts−7.5 pts−9.5 pts−13.0 pts
3 years+61.6%+103.7%−16.3 pts+25.8 pts−33.5 pts+8.6 pts
Since launch+169.3%+906.7%−57.4 pts+102.3 pts−200.6 pts−767.2 pts
Open the live comparison on ETFIQ
IFRA and ITA on the same fields, as of Sep 11, 2026. Source: ETFIQ.
IFRA
iShares U.S. Infrastructure ETF
Holds 164 stocks in infrastructure, 71% of its weight in S&P 500 companies
ITA
iShares U.S. Aerospace & Defense ETF
Holds 51 stocks in defense, 80% of its weight in S&P 500 companies
IssueriSharesiShares
ThemeInfrastructureDefense
In the S&P 50071.4%79.5%
Active share vs the S&P 50095.7%97.9%
In the Nasdaq-10011.0%3.0%
Holdings16451
Top ten, share of the fund33.1%77.5%
Expense ratio0.30%0.37%
Fee for the differing part0.31%0.38%
Total return, 1 year+13.5%+10.0%
vs the S&P 500−4.0 pts−7.5 pts
vs the Nasdaq-100−9.5 pts−13.0 pts
Below its high−8.9%−13.5%

IFRA in plain words

By weight, 71% 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 Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +13.5% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 4.0 pts. It sits 8.9% below its all-time high of Jun 25, 2026.

ITA in plain words

By weight, 80% 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 78% of the fund across 51 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +10.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 7.5 pts. It sits 13.5% below its all-time high of Aug 14, 2026.

Questions people ask

Which is more different from the S&P 500, IFRA or ITA?
IFRA has 71% of its weight in S&P 500 names and ITA has 80%, 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

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IFRA against ITA, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IFRA against ITA, data as of Sep 11, 2026. https://etfiq.com/compare/themes/ifra-vs-ita Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources