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NGIF vs UPGR: which is really different?

NGIF holds 50.1% of its weight in S&P 500 companies and UPGR 22.9%. Nuveen Global Infrastructure Fund: ETF Class Shares and Xtrackers US Green Infrastructure Select Equity ETF.

UPGR costs 0.53 points a year less.

NGIFUPGR
Expense ratio0.88%0.35%
Net assetsnot read by ETFIQ$539,786
Total return, 1 yearnot published−11.2%
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, since Jun 3, 2026+3.8%
S&P 500, total return, 1 year+17.3%
Against the S&P 500, since Jun 3, 2026behind by 8.3 pts
Against the S&P 500, 1 yearbehind by 28.5 pts
Below its all-time high8.6%, high on Jun 26, 202626.8%, high on Jun 2, 2026
50.1%
NGIF in the S&P 500
22.9%
UPGR in the S&P 500
−4.5%
NGIF total return, since launch
−11.2%
UPGR total return, 1 year
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.

UPGR · 1 year to Oct 9, 202677% of its weight is outside the S&P 500
77% of its weight is outside the S&P 50023% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 2026.23%77%in the S&P 500of its weight outside the S&P 500active share 97% · top ten 34% of the fund · 45 holdings as filed for May 29, 2026 · Nasdaq-100: 2% in77% of its weight is outside the S&P 50023% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 2026.23%77%inoutside the S&P 500active share 97% · Nasdaq-100: 2% in

23% of UPGR's weight is in S&P 500 companies and 77% is outside the index. Holdings as of May 29, 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
WindowNGIFUPGRNGIFUPGRNGIFUPGR
3 months−7.8%−14.2%−11.2 pts−17.6 pts−11.5 pts−17.9 pts
6 monthsnot published−9.7%not published−24.8 ptsnot published−32.9 pts
1 yearnot published−11.2%not published−28.5 ptsnot published−34.8 pts
3 yearsnot published+13.7%not published−72.1 ptsnot published−93.6 pts
Since launch
NGIF Jun 2026 · UPGR Jul 2023
−4.5%−10.4%−8.3 pts−90.6 pts−5.7 pts−112.2 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NGIF
Nuveen Global Infrastructure Fund: ETF Class Shares · Holds 66 stocks in infrastructure, 50% of its weight in S&P 500 companies
UPGR
Xtrackers US Green Infrastructure Select Equity ETF · Holds 45 stocks in infrastructure, 23% of its weight in S&P 500 companies
Issuer Nuveen Xtrackers
Theme Infrastructure Infrastructure
In the S&P 500 50.1% 22.9%
Active share vs the S&P 500 97.7% 97.4%
In the Nasdaq-100 11.7% 2.4%
Holdings 66 45
Top ten, share of the fund 39.1% 33.8%
Expense ratio 0.88% 0.35%
Fee for the differing part 0.90% 0.36%
Total return, 1 year −4.5% (since it first traded on Jun 3, 2026) −11.2%
vs the S&P 500 −8.3 pts −28.5 pts
vs the Nasdaq-100 −5.7 pts −34.8 pts
Below its high −8.6% −26.8%
Net assets not read by ETFIQ $539,786

As of Oct 9, 2026. Source: ETFIQ.

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.

UPGR in plain words

By weight, 23% of UPGR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 34% of the fund across 45 positions, as filed for May 29, 2026. Over the year to Oct 9, 2026 the fund returned −11.2% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 28.5 pts. It sits 26.8% below its all-time high of Jun 2, 2026.

Questions people ask

Which is more different from the S&P 500, NGIF or UPGR?
NGIF has 50% of its weight in S&P 500 names and UPGR has 23%, so NGIF differs more from the index.
Which is cheaper, NGIF or UPGR?
NGIF charges 0.88% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.
Other comparisons
NGIF vs IPAVNGIF vs EFRANGIF vs GLIXNGIF vs RBLDUPGR vs BKGIUPGR vs CSIOUPGR vs EFRAUPGR vs GII
NGIF on its own →UPGR on its own →How every figure is computed →Standards and sources →
Where these figures came from
NGIF filings on SEC EDGAR ↗NGIF prospectus with the expense ratio (SEC) ↗UPGR filings on SEC EDGAR ↗UPGR prospectus with the expense ratio (SEC) ↗Xtrackers website ↗

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

Open data

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