Do NFRA and RBLD hold the same stocks?

By their latest filings, 9% 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, NFRA or RBLD?

NFRA has 36% of its weight in S&P 500 names and RBLD has 82%, so NFRA differs more from the index.

Which is cheaper, NFRA or RBLD?

NFRA charges 0.47% a year and RBLD charges 0.65%, so NFRA is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live Compare their flows Ask about these two funds

NFRA vs RBLD: which is really different?

NFRA and RBLD hold 9% of their weight in the same names, and RBLD returned +13.7% over the year. Northern Trust STOXX Global Broad Infrastructure ETF and First Trust Alerian U.S. NextGen Infrastructure ETF.

NFRA costs 0.18 points a year less; their one-year returns differ by 8.2 points; NFRA is far larger, $3.0bn against $42m.

	NFRA	RBLD
Expense ratio	0.47%	0.65%
Net assets, NFRA as of Jul 31, 2026 and RBLD as of Oct 8, 2026	$3.0bn	$42m
Total return, 1 year	+5.5%	+13.7%
What it tracks	Infrastructure	Infrastructure
Holdings in common	9%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 11.7 pts	behind by 3.5 pts
Below its all-time high	5.5%, high on Feb 27, 2026	5.2%, high on Jun 25, 2026

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

35.8%

NFRA in the S&P 500

81.8%

RBLD in the S&P 500

+5.5%

NFRA total return, 1 year

+13.7%

RBLD total return, 1 year

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.

RBLD · 1 year to Oct 9, 202618% of its weight is outside the S&P 500

82% of RBLD's weight is in S&P 500 companies and 18% is outside the index. Holdings as of Oct 8, 2026.

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

NFRA 35.3

RBLD 24.9

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, NFRA and RBLD hold 9% 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

9% in common

Positions both hold, largest shared weight first

Holding NFRA RBLD

Equinix, Inc. 1.40% 1.02%

NextEra Energy, Inc. 2.51% 0.93%

Kinder Morgan, Inc. 0.87% 1.04%

Digital Realty Trust, Inc. 0.86% 1.03%

Dominion Energy, Inc. 0.83% 0.93%

Sempra 0.80% 0.89%

Targa Resources Corp. 0.80% 1.11%

ONEOK, Inc. 0.79% 1.06%

Cheniere Energy, Inc. 0.76% 1.11%

Xcel Energy, Inc. 0.67% 0.97%

Vistra Corp. 0.65% 1.03%

Crown Castle, Inc. 0.46% 0.94%

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%

Union Pacific Corp. 2.40%

Iberdrola SA 2.30%

Only in RBLD

Okta, Inc. 1.55%

Snowflake Inc. (Class A) 1.34%

Twilio Inc. (Class A) 1.32%

Cloudflare, Inc. (Class A) 1.30%

Freeport-McMoRan Inc. 1.23%

Emerson Electric Co. 1.21%

Constellation Energy Corporation 1.19%

Nordson Corporation 1.19%

9% 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	NFRA	RBLD	NFRA	RBLD	NFRA	RBLD
3 months	−3.7%	−3.6%	−7.1 pts	−6.9 pts	−7.4 pts	−7.2 pts
6 months	−2.5%	+0.8%	−17.7 pts	−14.3 pts	−25.7 pts	−22.4 pts
1 year	+5.5%	+13.7%	−11.7 pts	−3.5 pts	−18.1 pts	−9.9 pts
3 years	+45.2%	+74.0%	−40.6 pts	−11.8 pts	−62.1 pts	−33.3 pts
Since launch NFRA Oct 2013 · RBLD Oct 2008	+127.4%	+323.0%	−358.0 pts	−735.4 pts	−857.4 pts	−2,277.8 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

RBLD

First Trust Alerian U.S. NextGen Infrastructure ETF · Holds 101 stocks in infrastructure, 82% of its weight in S&P 500 companies

Issuer Northern Trust First Trust

Theme Infrastructure Infrastructure

In the S&P 500 35.8% 81.8%

Active share vs the S&P 500 96.1% 91.8%

In the Nasdaq-100 7.4% 8.0%

Holdings 179 101

Top ten, share of the fund 28.6% 12.6%

Expense ratio 0.47% 0.65%

Fee for the differing part 0.49% 0.71%

Total return, 1 year +5.5% +13.7%

vs the S&P 500 −11.7 pts −3.5 pts

vs the Nasdaq-100 −18.1 pts −9.9 pts

Below its high −5.5% −5.2%

Net assets, NFRA as of Jul 31, 2026 and RBLD as of Oct 8, 2026 $3.0bn $42m

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.

RBLD in plain words

By weight, 82% of RBLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 13% of the fund across 101 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +13.7% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 3.5 pts. It sits 5.2% below its all-time high of Jun 25, 2026.

Questions people ask

Do NFRA and RBLD hold the same stocks?: By their latest filings, 9% 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, NFRA or RBLD?: NFRA has 36% of its weight in S&P 500 names and RBLD has 82%, so NFRA differs more from the index.
Which is cheaper, NFRA or RBLD?: NFRA charges 0.47% a year and RBLD charges 0.65%, so NFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

NFRA vs PAVE NFRA vs RIFR NFRA vs CSIO NFRA vs GLIX RBLD vs BKGI RBLD vs BLDX RBLD vs BILT RBLD vs NGIF

NFRA on its own →RBLD 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) ↗RBLD filings on SEC EDGAR ↗RBLD prospectus with the expense ratio (SEC) ↗First Trust page for RBLD ↗

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

Open data

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