Do IGF and NFRA hold the same stocks?

By their latest filings, 10% 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 NFRA?

IGF has 32% of its weight in S&P 500 names and NFRA has 36%, so IGF differs more from the index.

Which is cheaper, IGF or NFRA?

IGF charges 0.37% a year and NFRA charges 0.47%, so IGF is cheaper. Fees come from each fund's prospectus.

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IGF vs NFRA: which is really different?

IGF and NFRA hold 10% of their weight in the same names. iShares Global Infrastructure ETF and Northern Trust STOXX Global Broad Infrastructure ETF.

IGF costs 0.10 points a year less; their one-year returns differ by 0.2 points; IGF is 3.4 times larger.

	IGF	NFRA
Expense ratio	0.37%	0.47%
Net assets, IGF as of Oct 8, 2026 and NFRA as of Jul 31, 2026	$10.3bn	$3.0bn
Total return, 1 year	+5.3%	+5.5%
What it tracks	Infrastructure	Infrastructure
Holdings in common	10%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 11.9 pts	behind by 11.7 pts
Below its all-time high	8.3%, high on Feb 27, 2026	5.5%, high on Feb 27, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

31.9%

IGF in the S&P 500

35.8%

NFRA in the S&P 500

+5.3%

IGF total return, 1 year

+5.5%

NFRA 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.

NFRA · 1 year to Oct 9, 202664% of its weight is outside the S&P 500

36% of NFRA's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.

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

IGF 54.1

NFRA 35.3

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 NFRA hold 10% 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 Jul 31, 2026 and Oct 8, 2026.

50%

half

10% in common

Positions both hold, largest shared weight first

Holding IGF NFRA

DUKE ENERGY CORP 2.65% 1.35%

NATIONAL GRID PLC 2.23% 1.29%

CONSTELLATION ENERGY CORP 2.73% 1.23%

AENA SME SA 4.73% 1.07%

ENGIE SA 1.39% 0.94%

SEMPRA 1.52% 0.80%

ENTERGY CORP 1.39% 0.68%

XCEL ENERGY INC 1.33% 0.67%

RWE AG 1.28% 0.65%

EXELON CORP 1.25% 0.64%

SSE PLC 1.14% 0.59%

GUANGDONG INVESTMENT LTD 0.09% 0.13%

Only in IGF

TRANSURBAN GROUP STAPLED UNITS 4.83%

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%

GETLINK 2.88%

Only in NFRA

Canadian Pacific Kansas City Ltd. 3.74%

SoftBank Group Corp. 3.51%

Canadian National Railway Co. 3.34%

Deutsche Post AG 2.97%

Deutsche Telekom AG 2.83%

Verizon Communications, Inc. 2.70%

NextEra Energy, Inc. 2.51%

Union Pacific Corp. 2.40%

10% 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	NFRA	IGF	NFRA	IGF	NFRA
3 months	−6.2%	−3.7%	−9.6 pts	−7.1 pts	−9.9 pts	−7.4 pts
6 months	−7.3%	−2.5%	−22.4 pts	−17.7 pts	−30.5 pts	−25.7 pts
1 year	+5.3%	+5.5%	−11.9 pts	−11.7 pts	−18.2 pts	−18.1 pts
3 years	+62.1%	+45.2%	−23.6 pts	−40.6 pts	−45.1 pts	−62.1 pts
Since launch IGF Dec 2007 · NFRA Oct 2013	+129.4%	+127.4%	−508.6 pts	−358.0 pts	−1,460.7 pts	−857.4 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

NFRA

Northern Trust STOXX Global Broad Infrastructure ETF · Holds 179 stocks in infrastructure, 36% of its weight in S&P 500 companies

Issuer iShares Northern Trust

Theme Infrastructure Infrastructure

In the S&P 500 31.9% 35.8%

Active share vs the S&P 500 98.3% 96.1%

In the Nasdaq-100 7.2% 7.4%

Holdings 78 179

Top ten, share of the fund 38.0% 28.6%

Expense ratio 0.37% 0.47%

Fee for the differing part 0.38% 0.49%

Total return, 1 year +5.3% +5.5%

vs the S&P 500 −11.9 pts −11.7 pts

vs the Nasdaq-100 −18.2 pts −18.1 pts

Below its high −8.3% −5.5%

Net assets, IGF as of Oct 8, 2026 and NFRA as of Jul 31, 2026 $10.3bn $3.0bn

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.

NFRA in plain words

By weight, 36% of NFRA'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 29% of the fund across 179 positions, as filed for Jul 31, 2026. Over the year to Oct 9, 2026 the fund returned +5.5% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.7 pts. It sits 5.5% below its all-time high of Feb 27, 2026.

Questions people ask

Do IGF and NFRA hold the same stocks?: By their latest filings, 10% 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 NFRA?: IGF has 32% of its weight in S&P 500 names and NFRA has 36%, so IGF differs more from the index.
Which is cheaper, IGF or NFRA?: IGF charges 0.37% a year and NFRA charges 0.47%, so IGF is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

IGF on its own →NFRA 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 ↗NFRA filings on SEC EDGAR ↗NFRA prospectus with the expense ratio (SEC) ↗

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 NFRA, data as of Oct 9, 2026. https://etfiq.com/compare/themes/igf-vs-nfra

Open data

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