Do RBLD and UPGR 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, RBLD or UPGR?

RBLD has 82% of its weight in S&P 500 names and UPGR has 23%, so UPGR differs more from the index.

Which is cheaper, RBLD or UPGR?

RBLD charges 0.65% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.

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RBLD vs UPGR: which is really different?

RBLD and UPGR hold 9% of their weight in the same names, and RBLD returned +10.5% over the year. First Trust Alerian U.S. NextGen Infrastructure ETF and Xtrackers US Green Infrastructure Select Equity ETF.

81.6%

RBLD in the S&P 500

22.9%

UPGR in the S&P 500

+10.5%

RBLD total return, 1 year

−4.5%

UPGR total return, 1 year

RBLD · 1 year to Sep 30, 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

UPGR · 1 year to Sep 30, 202677% of its weight is outside the S&P 500

23% of UPGR's weight is in S&P 500 companies and 77% is outside the index

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

RBLD 25.7

UPGR 42.8

0.1, the lowest in this set92.0, the highest

A percentile among the 375 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, RBLD and UPGR 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 May 29, 2026 and Sep 30, 2026.

50%

half

9% in common

Positions both hold, largest shared weight first

Holding RBLD UPGR

Bloom Energy Corporation (Class A) 1.16% 3.35%

IDEX Corporation 1.11% 1.99%

Reliance Inc. 1.10% 2.23%

Parker-Hannifin Corporation 1.08% 1.61%

Ingersoll-Rand Inc. 1.05% 1.55%

Xylem Inc. 0.91% 1.60%

Carrier Global Corporation 0.87% 1.96%

Nextpower Inc. (Class A) 0.74% 2.60%

Lennox International Inc. 0.71% 1.94%

Only in RBLD

Okta, Inc. 1.51%

Twilio Inc. (Class A) 1.44%

Snowflake Inc. (Class A) 1.36%

Cloudflare, Inc. (Class A) 1.35%

Freeport-McMoRan Inc. 1.24%

Nordson Corporation 1.23%

Emerson Electric Co. 1.21%

Wabtec Corporation 1.19%

Only in UPGR

FUELCELL ENERGY INC 6.24%

PURECYCLE TECHNOLOGIES INC 4.29%

SHOALS TECHNOLOGIES GROUP INC 3.37%

FIRST SOLAR INC 2.93%

ENERGY VAULT HOLDINGS INC 2.89%

QUANTUMSCAPE CORP 2.74%

PLUG POWER INC 2.72%

EOS ENERGY ENTERPRISES INC 2.67%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

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	RBLD	UPGR	RBLD	UPGR	RBLD	UPGR
3 months	−6.5%	−20.3%	−9.0 pts	−22.9 pts	−8.6 pts	−22.5 pts
6 months	+1.1%	−6.8%	−15.8 pts	−23.8 pts	−25.7 pts	−33.7 pts
1 year	+10.5%	−4.5%	−5.2 pts	−20.2 pts	−13.3 pts	−28.3 pts
3 years	+69.0%	+10.8%	−16.0 pts	−74.2 pts	−41.0 pts	−99.2 pts
Since launch RBLD Jan 2010 · UPGR Jul 2023	+177.9%	−10.6%	−626.7 pts	−87.2 pts	−1559.6 pts	−109.3 pts

RBLD and UPGR over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

RBLD

First Trust Alerian U.S. NextGen Infrastructure ETF · Holds 104 stocks in infrastructure, 82% 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 First Trust Xtrackers

Theme Infrastructure Infrastructure

In the S&P 500 81.6% 22.9%

Active share vs the S&P 500 91.8% 97.4%

In the Nasdaq-100 7.9% 2.4%

Holdings 104 45

Top ten, share of the fund 12.8% 33.8%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.71% 0.36%

Total return, 1 year +10.5% −4.5%

vs the S&P 500 −5.2 pts −20.2 pts

vs the Nasdaq-100 −13.3 pts −28.3 pts

Below its high −8.7% −27.0%

Net assets $41m $537,620

RBLD and UPGR on the same fields, as of Sep 30, 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 104 positions, as published by its issuer for Sep 30, 2026. Over the year to Sep 30, 2026 the fund returned +10.5% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 5.2 pts. It sits 8.7% below its all-time high of Jun 25, 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 Sep 30, 2026 the fund returned −4.5% with distributions reinvested against +15.7% for the S&P 500, so a holder was behind by 20.2 pts. It sits 27.0% below its all-time high of Jun 2, 2026.

Questions people ask

Do RBLD and UPGR 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, RBLD or UPGR?: RBLD has 82% of its weight in S&P 500 names and UPGR has 23%, so UPGR differs more from the index.
Which is cheaper, RBLD or UPGR?: RBLD charges 0.65% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.

Other comparisons

RBLD vs BLDX RBLD vs PAVE RBLD vs EFRA RBLD vs IFRA UPGR vs BLDX UPGR vs EFRA UPGR vs PAVE UPGR vs IFRA

RBLD on its own →UPGR 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 ↗UPGR filings on SEC EDGAR ↗UPGR prospectus with the expense ratio (SEC) ↗Xtrackers website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, RBLD against UPGR, data as of Sep 30, 2026. https://etfiq.com/compare/themes/rbld-vs-upgr

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.