Do IGF and IPAV hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IGF or IPAV?

IGF has 32% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.

Which is cheaper, IGF or IPAV?

IGF charges 0.37% a year and IPAV charges 0.55%, so IGF is cheaper. Fees come from each fund's prospectus.

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IGF vs IPAV: which is really different?

IGF and IPAV hold 0% of their weight in the same names, and IPAV returned +6.7% over the year. iShares Global Infrastructure ETF and Global X Infrastructure Development ex-U.S. ETF.

IGF costs 0.18 points a year less; their one-year returns differ by 1.4 points; IGF is far larger, $10.3bn against $5m.

	IGF	IPAV
Expense ratio	0.37%	0.55%
Net assets, as of Oct 8, 2026	$10.3bn	$5m
Total return, 1 year	+5.3%	+6.7%
What it tracks	Infrastructure	Infrastructure
Holdings in common	0%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 11.9 pts	behind by 10.5 pts
Below its all-time high	8.3%, high on Feb 27, 2026	14.3%, high on May 6, 2026

Holdings in common uses holdings dated Oct 8, 2026.

31.9%

IGF in the S&P 500

0.0%

IPAV in the S&P 500

+5.3%

IGF total return, 1 year

+6.7%

IPAV total return, 1 year

IGF · 1 year to Oct 9, 202668% of its weight is outside the S&P 500

32% of IGF's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Oct 8, 2026.

IPAV · 1 year to Oct 9, 2026100% of its weight is outside the S&P 500

0% of IPAV's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Oct 8, 2026.

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

IGF 54.1

IPAV 92.3

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, IGF and IPAV hold 0% 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

0% in common

Positions both hold, largest shared weight first

Holding IGF IPAV

Only in IGF

TRANSURBAN GROUP STAPLED UNITS 4.83%

AENA SME SA 4.73%

NEXTERA ENERGY 4.70%

IBERDROLA 4.14%

GRUPO AEROPORTUARIO DEL PACIFICO A 3.63%

ENBRIDGE 3.60%

AUCKLAND INTERNATIONAL AIRPORT 3.55%

WILLIAMS 3.08%

Only in IPAV

FUJIKURA LTD 3.85%

CANADIAN NATL RAILWAY CO 3.46%

CANADIAN PACIFIC KANSAS CITY 3.30%

ARCELORMITTAL 3.12%

LARSEN & TOUBRO LTD 3.08%

NIPPON STEEL CORP 3.02%

SHIN-ETSU CHEMICAL CO LTD 2.96%

VINCI SA 2.87%

0% 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	IGF	IPAV	IGF	IPAV	IGF	IPAV
3 months	−6.2%	−5.1%	−9.6 pts	−8.5 pts	−9.9 pts	−8.7 pts
6 months	−7.3%	−7.1%	−22.4 pts	−22.3 pts	−30.5 pts	−30.3 pts
1 year	+5.3%	+6.7%	−11.9 pts	−10.5 pts	−18.2 pts	−16.9 pts
3 years	+62.1%	not published	−23.6 pts	not published	−45.1 pts	not published
Since launch IGF Dec 2007 · IPAV Aug 2024	+129.4%	+24.2%	−508.6 pts	−18.9 pts	−1,460.7 pts	−37.0 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

IGF

iShares Global Infrastructure ETF · Holds 78 stocks in infrastructure, 32% of its weight in S&P 500 companies

IPAV

Global X Infrastructure Development ex-U.S. ETF · Holds 100 stocks in infrastructure, 0% of its weight in S&P 500 companies

Issuer iShares Global X

Theme Infrastructure Infrastructure

In the S&P 500 31.9% 0.0%

Active share vs the S&P 500 98.3% 100.0%

In the Nasdaq-100 7.2% 0.0%

Holdings 78 100

Top ten, share of the fund 38.0% 31.1%

Expense ratio 0.37% 0.55%

Fee for the differing part 0.38% 0.55%

Total return, 1 year +5.3% +6.7%

vs the S&P 500 −11.9 pts −10.5 pts

vs the Nasdaq-100 −18.2 pts −16.9 pts

Below its high −8.3% −14.3%

Net assets, as of Oct 8, 2026 $10.3bn $5m

As of Oct 9, 2026. Source: ETFIQ.

IGF in plain words

By weight, 32% of IGF'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 78 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +5.3% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.9 pts. It sits 8.3% below its all-time high of Feb 27, 2026.

IPAV in plain words

By weight, 0% of IPAV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 31% of the fund across 100 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +6.7% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 10.5 pts. It sits 14.3% below its all-time high of May 6, 2026.

Questions people ask

Do IGF and IPAV hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IGF or IPAV?: IGF has 32% of its weight in S&P 500 names and IPAV has 0%, so IPAV differs more from the index.
Which is cheaper, IGF or IPAV?: IGF charges 0.37% a year and IPAV charges 0.55%, so IGF is cheaper. Fees come from each fund's prospectus.

Other comparisons

IGF vs BILT IGF vs UPGR IGF vs BLDX IGF vs BKGI IPAV vs NGIF IPAV vs PAVE IPAV vs NFRA IPAV vs BKGI

IGF on its own →IPAV on its own →How every figure is computed →Standards and sources →

Where these figures came from

IGF filings on SEC EDGAR ↗iShares page for IGF ↗IPAV filings on SEC EDGAR ↗IPAV prospectus with the expense ratio (SEC) ↗Global X page for IPAV ↗

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, IGF against IPAV, data as of Oct 9, 2026. https://etfiq.com/compare/themes/igf-vs-ipav

Open data

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