RIFR vs UPGR: which is really different?

RIFR holds 57.3% of its weight in S&P 500 companies and UPGR 22.9%. Russell Investments Global Infrastructure ETF and Xtrackers US Green Infrastructure Select Equity ETF.

UPGR costs 0.24 points a year less; their one-year returns differ by 17.3 points; RIFR is far larger, $43m against $539,786.

RIFRUPGR
Expense ratio0.59%0.35%
Net assets, RIFR as of Jun 30, 2026 and UPGR as of Oct 8, 2026$43m$539,786
Total return, 1 year+6.1%−11.2%
What it tracksInfrastructureInfrastructure
Holdings in commonnot published
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearbehind by 11.1 ptsbehind by 28.5 pts
Below its all-time high6.3%, high on Feb 27, 202626.8%, high on Jun 2, 2026
57.3%
RIFR in the S&P 500
22.9%
UPGR in the S&P 500
+6.1%
RIFR total return, 1 year
−11.2%
UPGR total return, 1 year
RIFR · 1 year to Oct 9, 202643% of its weight is outside the S&P 500
43% of its weight is outside the S&P 50057% of RIFR's weight is in S&P 500 companies and 43% is outside the index. Holdings as of Jun 30, 2026.57%43%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 38% of the fund · 61 holdings as filed for Jun 30, 2026 · Nasdaq-100: 9% in43% of its weight is outside the S&P 50057% of RIFR's weight is in S&P 500 companies and 43% is outside the index. Holdings as of Jun 30, 2026.57%43%in the S&P 500outsideactive share 98% · Nasdaq-100: 9% in

57% of RIFR's weight is in S&P 500 companies and 43% 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 · RIFR 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
WindowRIFRUPGRRIFRUPGRRIFRUPGR
3 months−5.3%−14.2%−8.7 pts−17.6 pts−9.0 pts−17.9 pts
6 months−5.3%−9.7%−20.5 pts−24.8 pts−28.5 pts−32.9 pts
1 year+6.1%−11.2%−11.1 pts−28.5 pts−17.5 pts−34.8 pts
3 yearsnot published+13.7%not published−72.1 ptsnot published−93.6 pts
Since launch
RIFR May 2025 · UPGR Jul 2023
+13.9%−10.4%−20.8 pts−90.6 pts−32.0 pts−112.2 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

RIFR
Russell Investments Global Infrastructure ETF · Holds 61 stocks in infrastructure, 57% 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
Theme Infrastructure Infrastructure
In the S&P 500 57.3% 22.9%
Active share vs the S&P 500 97.5% 97.4%
In the Nasdaq-100 9.1% 2.4%
Holdings 61 45
Top ten, share of the fund 37.6% 33.8%
Expense ratio 0.59% 0.35%
Fee for the differing part 0.61% 0.36%
Total return, 1 year +6.1% −11.2%
vs the S&P 500 −11.1 pts −28.5 pts
vs the Nasdaq-100 −17.5 pts −34.8 pts
Below its high −6.3% −26.8%
Net assets, RIFR as of Jun 30, 2026 and UPGR as of Oct 8, 2026 $43m $539,786

As of Oct 9, 2026. Source: ETFIQ.

RIFR in plain words

By weight, 57% of RIFR'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 38% of the fund across 61 positions, as filed for Jun 30, 2026. Over the year to Oct 9, 2026 the fund returned +6.1% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.1 pts. It sits 6.3% below its all-time high of Feb 27, 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, RIFR or UPGR?
RIFR has 57% of its weight in S&P 500 names and UPGR has 23%, so RIFR differs more from the index.
Which is cheaper, RIFR or UPGR?
RIFR charges 0.59% a year and UPGR charges 0.35%, so UPGR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from

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

Open data

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