Do IFRA and SHLD hold the same stocks?

By their latest filings, 0% 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 SHLD?

IFRA has 72% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.

Which is cheaper, IFRA or SHLD?

IFRA charges 0.30% a year and SHLD charges 0.50%, so IFRA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

IFRA vs SHLD: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, IFRA returned +9.4% to SHLD's −6.5%; 0% of their weight is in the same names.

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Net assets: $4.0bn on Oct 27, 2026 for iShares U.S. Infrastructure ETF, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.

IFRA on its own →SHLD on its own →

At a glance

72.1%

IFRA in the S&P 500

44.6%

SHLD in the S&P 500

+9.4%

IFRA total return, 1 year

−6.5%

SHLD 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.

SHLD · 1 year to Oct 28, 2026 55% of its weight is outside the S&P 500

45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

IFRA costs 0.20 points a year less; their one-year returns differ by 15.9 points; SHLD is 1.6 times larger.

IFRA vs SHLD: Holdings Overlap & Returns
Measure	IFRA	SHLD
Return
Measure	IFRA	SHLD
Total return, 1 year	+9.4%	−6.5%
Drawdown
Measure	IFRA	SHLD
Below its all-time high	9.6%, high on Jun 25, 2026	18.6%, high on Mar 9, 2026
Benchmark
Measure	IFRA	SHLD
What it tracks	Infrastructure	Defense
Cost and size
Measure	IFRA	SHLD
Expense ratio	0.30%	0.50%
Net assets, as of Oct 12, 2026	$4.0bn	$6.3bn
Holdings
Measure	IFRA	SHLD
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, IFRA and SHLD hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IFRA SHLD

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 SHLD

LOCKHEED MARTIN CORPORATION 8.41%

RTX CORPORATION 7.75%

GENERAL DYNAMICS CORPORATION 7.67%

PALANTIR TECHNOLOGIES INC. 7.07%

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

Check overlap with more funds →

Window by window

Window by window: IFRA vs SHLD: Holdings Overlap & Returns
	Total return
Window	IFRA	SHLD
3 months	−3.4%	+2.0%
6 months	−3.8%	−4.7%
1 year	+9.4%	−6.5%
3 years	+76.3%	+156.5%
Since launchNot the same days: IFRA Apr 2018 · SHLD Sep 2023	+167.2%	+160.2%

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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 SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies

Issuer iShares Global X

Theme Infrastructure Defense

In the S&P 500 72.1% 44.6%

Active share vs the S&P 500 95.7% 98.7%

In the Nasdaq-100 11.2% 7.1%

Holdings 164 48

Top ten, share of the fund 33.4% 59.3%

Expense ratio 0.30% 0.50%

Fee for the differing part 0.31% 0.51%

Total return, 1 year +9.4% −6.5%

vs its benchmark not measured not measured

Below its high −9.6% −18.6%

Net assets, IFRA as of Oct 27, 2026 and SHLD as of Oct 12, 2026 $4.0bn $6.3bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

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.

SHLD

By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.

Questions people ask

Do IFRA and SHLD hold the same stocks?: By their latest filings, 0% 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 SHLD?: IFRA has 72% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Which is cheaper, IFRA or SHLD?: IFRA charges 0.30% a year and SHLD charges 0.50%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →IFRA on its own →SHLD on its own →IFRA dividend history →IFRA holdings →SHLD dividend history →SHLD holdings →Method →Standards and sources →

Sources and dates

IFRA filings on SEC EDGAR ↗

IFRA prospectus with the expense ratio (SEC) ↗

iShares page for IFRA ↗

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

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

How this is computed

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 SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/ifra-vs-shld

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