Do RBLD and TOLZ hold the same stocks?

By their latest filings, 18% 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, RBLD or TOLZ?

RBLD has 82% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.

Which is cheaper, RBLD or TOLZ?

RBLD charges 0.65% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

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RBLD vs TOLZ: which is really different?

RBLD and TOLZ hold 18% of their weight in the same names, and RBLD returned +13.7% over the year. First Trust Alerian U.S. NextGen Infrastructure ETF and ProShares DJ Brookfield Global Infrastructure ETF.

TOLZ costs 0.19 points a year less; their one-year returns differ by 5.6 points; TOLZ is 3.8 times larger.

	RBLD	TOLZ
Expense ratio	0.65%	0.46%
Net assets, RBLD as of Oct 8, 2026 and TOLZ as of Oct 9, 2026	$42m	$162m
Total return, 1 year	+13.7%	+8.1%
What it tracks	Infrastructure	Infrastructure
Holdings in common	18%
S&P 500, total return, 1 year	+17.3%
Against the S&P 500, 1 year	behind by 3.5 pts	behind by 9.2 pts
Below its all-time high	5.2%, high on Jun 25, 2026	7.5%, high on Mar 2, 2026

Holdings in common uses holdings dated Oct 8, 2026.

81.8%

RBLD in the S&P 500

33.9%

TOLZ in the S&P 500

+13.7%

RBLD total return, 1 year

+8.1%

TOLZ total return, 1 year

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.

TOLZ · 1 year to Oct 9, 202666% of its weight is outside the S&P 500

34% of TOLZ's weight is in S&P 500 companies and 66% is outside the index. Holdings as of Oct 8, 2026.

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

RBLD 24.9

TOLZ 60.6

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, RBLD and TOLZ hold 18% 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 Oct 8, 2026.

50%

half

18% in common

Positions both hold, largest shared weight first

Holding RBLD TOLZ

Cheniere Energy, Inc. 1.11% 2.84%

Targa Resources Corp. 1.11% 3.06%

American Tower Corporation 1.06% 3.85%

ONEOK, Inc. 1.06% 2.82%

Kinder Morgan, Inc. 1.04% 3.13%

American Water Works Company, Inc. 1.03% 1.26%

Consolidated Edison, Inc. 1.01% 1.94%

PPL Corporation 1.00% 1.54%

The Williams Companies, Inc. 1.00% 4.38%

Atmos Energy Corporation 0.96% 1.35%

Crown Castle Inc. 0.94% 1.45%

Exelon Corporation 0.94% 2.13%

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%

Only in TOLZ

ENBRIDGE INC 5.80%

NATIONAL GRID PLC 5.40%

VINCI SA 4.16%

TC ENERGY CORP 3.51%

ENERGY TRANSFER LP 3.16%

E.ON SE 2.97%

ENTERPRISE PRODUCTS PARTNERS 2.63%

TRANSURBAN GROUP 1.98%

18% 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	RBLD	TOLZ	RBLD	TOLZ	RBLD	TOLZ
3 months	−3.6%	−5.5%	−6.9 pts	−8.8 pts	−7.2 pts	−9.1 pts
6 months	+0.8%	−6.9%	−14.3 pts	−22.1 pts	−22.4 pts	−30.1 pts
1 year	+13.7%	+8.1%	−3.5 pts	−9.2 pts	−9.9 pts	−15.5 pts
3 years	+74.0%	+51.4%	−11.8 pts	−34.4 pts	−33.3 pts	−55.9 pts
Since launch RBLD Oct 2008 · TOLZ Mar 2014	+323.0%	+111.3%	−735.4 pts	−308.8 pts	−2,277.8 pts	−740.8 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

RBLD

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

TOLZ

ProShares DJ Brookfield Global Infrastructure ETF · Holds 115 stocks in infrastructure, 34% of its weight in S&P 500 companies

Issuer First Trust ProShares

Theme Infrastructure Infrastructure

In the S&P 500 81.8% 33.9%

Active share vs the S&P 500 91.8% 98.9%

In the Nasdaq-100 8.0% 2.1%

Holdings 101 115

Top ten, share of the fund 12.6% 39.4%

Expense ratio 0.65% 0.46%

Fee for the differing part 0.71% 0.47%

Total return, 1 year +13.7% +8.1%

vs the S&P 500 −3.5 pts −9.2 pts

vs the Nasdaq-100 −9.9 pts −15.5 pts

Below its high −5.2% −7.5%

Net assets, RBLD as of Oct 8, 2026 and TOLZ as of Oct 9, 2026 $42m $162m

As of Oct 9, 2026. Source: ETFIQ.

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.

TOLZ in plain words

By weight, 34% of TOLZ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 39% of the fund across 115 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +8.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 9.2 pts. It sits 7.5% below its all-time high of Mar 2, 2026.

Questions people ask

Do RBLD and TOLZ hold the same stocks?: By their latest filings, 18% 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, RBLD or TOLZ?: RBLD has 82% of its weight in S&P 500 names and TOLZ has 34%, so TOLZ differs more from the index.
Which is cheaper, RBLD or TOLZ?: RBLD charges 0.65% a year and TOLZ charges 0.46%, so TOLZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

RBLD vs RIFR RBLD vs GII RBLD vs BKGI RBLD vs NFRA TOLZ vs CSIO TOLZ vs GLIX TOLZ vs BILT TOLZ vs BLDX

RBLD on its own →TOLZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

RBLD filings on SEC EDGAR ↗RBLD prospectus with the expense ratio (SEC) ↗First Trust page for RBLD ↗TOLZ filings on SEC EDGAR ↗ProShares page for TOLZ ↗

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

Open data

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