Do IFRA and TOLZ hold the same stocks?

By their latest filings, 21% 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, IFRA or TOLZ?

IFRA has 72% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.

Which is cheaper, IFRA or TOLZ?

IFRA charges 0.30% a year and TOLZ charges 0.46%, so IFRA is cheaper. Fees come from each fund's prospectus.

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IFRA vs TOLZ: which is really different?

IFRA and TOLZ hold 21% of their weight in the same names, and IFRA returned +9.5% over the year. iShares U.S. Infrastructure ETF and ProShares DJ Brookfield Global Infrastructure ETF.

IFRA costs 0.16 points a year less; their one-year returns differ by 1.4 points; IFRA is far larger, $4.0bn against $162m.

	IFRA	TOLZ
Expense ratio	0.30%	0.46%
Net assets, IFRA as of Oct 8, 2026 and TOLZ as of Oct 9, 2026	$4.0bn	$162m
Total return, 1 year	+9.5%	+8.1%
What it tracks	Infrastructure	Infrastructure
Holdings in common	21%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 7.8 pts	behind by 9.2 pts
Below its all-time high	10.6%, high on Jun 25, 2026	7.5%, high on Mar 2, 2026

Holdings in common uses holdings dated Oct 8, 2026.

71.7%

IFRA in the S&P 500

33.9%

TOLZ in the S&P 500

+9.5%

IFRA total return, 1 year

+8.1%

TOLZ total return, 1 year

IFRA · 1 year to Oct 9, 202628% 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 8, 2026.

TOLZ · 1 year to Oct 9, 202666% of its weight is outside the S&P 500

34% of TOLZ's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · TOLZ scores higherHow much of it is not the index it is sold as an alternative to?

IFRA 34.7

TOLZ 60.6

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, IFRA and TOLZ hold 21% 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 Oct 8, 2026.

50%

half

21% in common

Positions both hold, largest shared weight first

Holding IFRA TOLZ

WILLIAMS 2.60% 4.38%

KINDER MORGAN 1.85% 3.13%

TC ENERGY 1.77% 3.51%

ONEOK 1.68% 2.82%

SEMPRA 1.54% 2.59%

EXELON CORP 1.27% 2.13%

CONSOLIDATED EDISON 1.15% 1.94%

PG&E CORP 0.82% 1.38%

FORTIS 0.80% 1.92%

ATMOS ENERGY 0.80% 1.35%

PPL CORP 0.76% 1.54%

AMERICAN WATER WORKS 0.75% 1.26%

Only in IFRA

QUANTA SERVICES INC 4.08%

CATERPILLAR INC 4.07%

UNION PACIFIC 4.00%

NEXTERA ENERGY 3.86%

CSX 3.51%

SOUTHERN 2.92%

CONSTELLATION ENERGY CORP 2.85%

NORFOLK SOUTHERN CORP 2.85%

Only in TOLZ

ENBRIDGE INC 5.80%

NATIONAL GRID PLC 5.40%

VINCI SA 4.16%

AMERICAN TOWER CORP 3.85%

ENERGY TRANSFER LP 3.16%

TARGA RESOURCES CORP 3.06%

E.ON SE 2.97%

CHENIERE ENERGY INC 2.84%

21% 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	IFRA	TOLZ	IFRA	TOLZ	IFRA	TOLZ
3 months	−7.3%	−5.5%	−10.6 pts	−8.8 pts	−10.9 pts	−9.1 pts
6 months	−3.9%	−6.9%	−19.1 pts	−22.1 pts	−27.1 pts	−30.1 pts
1 year	+9.5%	+8.1%	−7.8 pts	−9.2 pts	−14.1 pts	−15.5 pts
3 years	+64.5%	+51.4%	−21.3 pts	−34.4 pts	−42.8 pts	−55.9 pts
Since launch IFRA Apr 2018 · TOLZ Mar 2014	+164.1%	+111.3%	−69.5 pts	−308.8 pts	−230.2 pts	−740.8 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

IFRA

iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% of its weight in S&P 500 companies

TOLZ

ProShares DJ Brookfield Global Infrastructure ETF · Holds 115 stocks in infrastructure, 34% of its weight in S&P 500 companies

Issuer iShares ProShares

Theme Infrastructure Infrastructure

In the S&P 500 71.7% 33.9%

Active share vs the S&P 500 95.7% 98.9%

In the Nasdaq-100 10.9% 2.1%

Holdings 164 115

Top ten, share of the fund 33.4% 39.4%

Expense ratio 0.30% 0.46%

Fee for the differing part 0.31% 0.47%

Total return, 1 year +9.5% +8.1%

vs the S&P 500 −7.8 pts −9.2 pts

vs the Nasdaq-100 −14.1 pts −15.5 pts

Below its high −10.6% −7.5%

Net assets, IFRA as of Oct 8, 2026 and TOLZ as of Oct 9, 2026 $4.0bn $162m

As of Oct 9, 2026. Source: ETFIQ.

IFRA in plain words

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 8, 2026. Over the year to Oct 9, 2026 the fund returned +9.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 7.8 pts. It sits 10.6% below its all-time high of Jun 25, 2026.

TOLZ in plain words

By weight, 34% of TOLZ'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 39% of the fund across 115 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +8.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 9.2 pts. It sits 7.5% below its all-time high of Mar 2, 2026.

Questions people ask

Do IFRA and TOLZ hold the same stocks?: By their latest filings, 21% 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, IFRA or TOLZ?: IFRA has 72% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.
Which is cheaper, IFRA or TOLZ?: IFRA charges 0.30% a year and TOLZ charges 0.46%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

IFRA vs BLDX IFRA vs RIFR IFRA vs GII IFRA vs BKGI TOLZ vs BKGI TOLZ vs UPGR TOLZ vs NFRA TOLZ vs IGF

IFRA on its own →TOLZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

IFRA filings on SEC EDGAR ↗IFRA prospectus with the expense ratio (SEC) ↗iShares page for IFRA ↗TOLZ filings on SEC EDGAR ↗ProShares page for TOLZ ↗

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, IFRA against TOLZ, data as of Oct 9, 2026. https://etfiq.com/compare/themes/ifra-vs-tolz

Open data

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