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

NFRA vs NGIF: which is really different?

NGIF holds 50.1% of its weight in S&P 500 companies and NFRA 35.8%. Northern Trust STOXX Global Broad Infrastructure ETF and Nuveen Global Infrastructure Fund: ETF Class Shares.

NFRA costs 0.41 points a year less.

NFRANGIF
Expense ratio0.47%0.88%
Net assets$3.0bnnot read by ETFIQ
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 Jun 3, 2026+3.8%
Against the S&P 500, 1 yearbehind by 11.7 pts
Against the S&P 500, since Jun 3, 2026behind by 8.3 pts
Below its all-time high5.5%, high on Feb 27, 20268.6%, high on Jun 26, 2026
35.8%
NFRA in the S&P 500
50.1%
NGIF in the S&P 500
+5.5%
NFRA total return, 1 year
−4.5%
NGIF 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.

NGIF · 3 months to Oct 9, 202650% of its weight is outside the S&P 500
50% of its weight is outside the S&P 50050% of NGIF's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jun 30, 2026.50%50%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 39% of the fund · 66 holdings as filed for Jun 30, 2026 · Nasdaq-100: 12% in50% of its weight is outside the S&P 50050% of NGIF's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jun 30, 2026.50%50%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 12% in

50% of NGIF's weight is in S&P 500 companies and 50% is outside the index. Holdings as of Jun 30, 2026.

ETFIQ Off-Index Score · NGIF 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
WindowNFRANGIFNFRANGIFNFRANGIF
3 months−3.7%−7.8%−7.1 pts−11.2 pts−7.4 pts−11.5 pts
6 months−2.5%not published−17.7 ptsnot published−25.7 ptsnot published
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 · NGIF Jun 2026
+127.4%−4.5%−358.0 pts−8.3 pts−857.4 pts−5.7 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
NGIF
Nuveen Global Infrastructure Fund: ETF Class Shares · Holds 66 stocks in infrastructure, 50% of its weight in S&P 500 companies
Issuer Northern Trust Nuveen
Theme Infrastructure Infrastructure
In the S&P 500 35.8% 50.1%
Active share vs the S&P 500 96.1% 97.7%
In the Nasdaq-100 7.4% 11.7%
Holdings 179 66
Top ten, share of the fund 28.6% 39.1%
Expense ratio 0.47% 0.88%
Fee for the differing part 0.49% 0.90%
Total return, 1 year +5.5% −4.5% (since it first traded on Jun 3, 2026)
vs the S&P 500 −11.7 pts −8.3 pts
vs the Nasdaq-100 −18.1 pts −5.7 pts
Below its high −5.5% −8.6%
Net assets $3.0bn not read by ETFIQ

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.

NGIF in plain words

By weight, 50% of NGIF'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 39% of the fund across 66 positions, as filed for Jun 30, 2026. Since it first traded on Jun 3, 2026 the fund returned −4.5% with distributions reinvested against +3.8% for the S&P 500, so a holder was behind by 8.3 pts. It sits 8.6% below its all-time high of Jun 26, 2026.

Questions people ask

Which is more different from the S&P 500, NFRA or NGIF?
NFRA has 36% of its weight in S&P 500 names and NGIF has 50%, so NGIF differs more from the index.
Which is cheaper, NFRA or NGIF?
NFRA charges 0.47% a year and NGIF charges 0.88%, so NFRA is cheaper. Fees come from each fund's prospectus.
Other comparisons
NFRA vs NFRXNFRA vs BILTNFRA vs BKGINFRA vs BLDXNGIF vs BKGINGIF vs GIINGIF vs PAVENGIF vs TOLZ
NFRA on its own →NGIF 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) ↗NGIF filings on SEC EDGAR ↗NGIF 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.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

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

Open data

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