ETFIQ
RankingsCompareHoldingsFlowsResearch
Ask ETFIQETF ModelsMy portfolioWeekly note
A
vs
B
Share on XDownload as PDFOpen liveAsk about these two funds

NFRA vs NFRX: which is really different?

NFRX holds 56.3% of its weight in S&P 500 companies and NFRA 35.8%. Northern Trust STOXX Global Broad Infrastructure ETF and Harrison Street Infrastructure Active ETF.

NFRA costs 0.33 points a year less; NFRA is far larger, $3.0bn against $106m.

NFRANFRX
Expense ratio0.47%0.80%
Net assets, NFRA as of Jul 31, 2026 and NFRX as of Jun 30, 2026$3.0bn$106m
Total return, 1 year+5.5%not published
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
S&P 500, total return, since Jan 30, 2026+13.4%
Against the S&P 500, 1 yearbehind by 11.7 pts
Against the S&P 500, since Jan 30, 2026behind by 12.8 pts
Below its all-time high5.5%, high on Feb 27, 20268.7%, high on Feb 27, 2026
35.8%
NFRA in the S&P 500
56.3%
NFRX in the S&P 500
+5.5%
NFRA total return, 1 year
+0.6%
NFRX total return, since launch
NFRA · 1 year to Oct 9, 202664% of its weight is outside the S&P 500
64% of its weight is outside the S&P 50036% of NFRA's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.36%64%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 29% of the fund · 179 holdings as filed for Jul 31, 2026 · Nasdaq-100: 7% in64% of its weight is outside the S&P 50036% of NFRA's weight is in S&P 500 companies and 64% is outside the index. Holdings as of Jul 31, 2026.36%64%inoutside the S&P 500active share 96% · Nasdaq-100: 7% in

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

NFRX · 6 months to Oct 9, 202644% of its weight is outside the S&P 500
44% of its weight is outside the S&P 50056% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.56%44%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 44% of the fund · 34 holdings as filed for Jun 30, 2026 · Nasdaq-100: 13% in44% of its weight is outside the S&P 50056% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.56%44%in the S&P 500outsideactive share 98% · Nasdaq-100: 13% in

56% of NFRX's weight is in S&P 500 companies and 44% is outside the index. Holdings as of Jun 30, 2026.

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

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowNFRANFRXNFRANFRXNFRANFRX
3 months−3.7%−7.3%−7.1 pts−10.7 pts−7.4 pts−10.9 pts
6 months−2.5%−7.8%−17.7 pts−22.9 pts−25.7 pts−31.0 pts
1 year+5.5%not published−11.7 ptsnot published−18.1 ptsnot published
3 years+45.2%not published−40.6 ptsnot published−62.1 ptsnot published
Since launch
NFRA Oct 2013 · NFRX Jan 2026
+127.4%+0.6%−358.0 pts−12.8 pts−857.4 pts−20.6 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NFRA
Northern Trust STOXX Global Broad Infrastructure ETF · Holds 179 stocks in infrastructure, 36% of its weight in S&P 500 companies
NFRX
Harrison Street Infrastructure Active ETF · Holds 34 stocks in infrastructure, 56% of its weight in S&P 500 companies
Issuer Northern Trust not established
Theme Infrastructure Infrastructure
In the S&P 500 35.8% 56.3%
Active share vs the S&P 500 96.1% 98.2%
In the Nasdaq-100 7.4% 13.4%
Holdings 179 34
Top ten, share of the fund 28.6% 44.1%
Expense ratio 0.47% 0.80%
Fee for the differing part 0.49% 0.81%
Total return, 1 year +5.5% +0.6% (since it first traded on Jan 30, 2026)
vs the S&P 500 −11.7 pts −12.8 pts
vs the Nasdaq-100 −18.1 pts −20.6 pts
Below its high −5.5% −8.7%
Net assets, NFRA as of Jul 31, 2026 and NFRX as of Jun 30, 2026 $3.0bn $106m

As of Oct 9, 2026. Source: ETFIQ.

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.

NFRX in plain words

By weight, 56% of NFRX'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 44% of the fund across 34 positions, as filed for Jun 30, 2026. Since it first traded on Jan 30, 2026 the fund returned +0.6% with distributions reinvested against +13.4% for the S&P 500, so a holder was behind by 12.8 pts. It sits 8.7% below its all-time high of Feb 27, 2026.

Questions people ask

Which is more different from the S&P 500, NFRA or NFRX?
NFRA has 36% of its weight in S&P 500 names and NFRX has 56%, so NFRX differs more from the index.
Which is cheaper, NFRA or NFRX?
NFRA charges 0.47% a year and NFRX charges 0.80%, so NFRA is cheaper. Fees come from each fund's prospectus.
Other comparisons
NFRA vs BILTNFRA vs BLDXNFRA vs TOLZNFRA vs GIINFRX vs BKGINFRX vs BLDXNFRX vs BILTNFRX vs CSIO
NFRA on its own →NFRX on its own →How every figure is computed →Standards and sources →
Where these figures came from
NFRA filings on SEC EDGAR ↗NFRA prospectus with the expense ratio (SEC) ↗NFRX filings on SEC EDGAR ↗

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.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, NFRA against NFRX, data as of Oct 9, 2026. https://etfiq.com/compare/themes/nfra-vs-nfrx

Open data

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