The infrastructure ETFs least like the S&P 500
Every fund here is sold on infrastructure, and they differ in how much of the index they hand you back. The one at the top is the one adding the most that is new.
| # | Ticker | Fund | Weight in S&P 500 companies ↑ | Active share | Net assets | Fee |
|---|---|---|---|---|---|---|
| 1 | IPAV | Global X Infrastructure Development ex-U | 0.0% | 100.0% | $5m | 0.55% |
| 2 | UPGR | Xtrackers US Green Infrastructure Select | 22.9% | 97.4% | $539,786 | 0.35% |
| 3 | BKGI | BNY Mellon Global Infrastructure Income | 23.7% | 99.4% | $1.3bn | 0.55% |
| 4 | EFRA | iShares Environmental Infrastructure and | 25.8% | 99.8% | $5m | 0.47% |
| 5 | IGF | iShares Global Infrastructure ETF | 31.9% | 98.3% | $10.3bn | 0.37% |
| 6 | TOLZ | ProShares DJ Brookfield Global Infrastru | 33.9% | 98.9% | $162m | 0.46% |
| 7 | GII | State Street(R) SPDR(R) S&P(R) Global In | 35.0% | 98.1% | $911m | 0.40% |
| 8 | NFRA | Northern Trust STOXX Global Broad Infras | 35.8% | 96.1% | $3.0bn | 0.47% |
| 9 | BLDX | Impax Global Sustainable Infrastructure | 36.0% | 96.6% | $118m | 0.60% |
| 10 | BILT | iShares Infrastructure Active ETF | 46.8% | 98.1% | $112m | 0.60% |
| 11 | GLIX | Lazard Listed Infrastructure ETF | 49.3% | 98.5% | $30m | 0.96% |
| 12 | NGIF | Nuveen Global Infrastructure Fund: ETF C | 50.1% | 97.7% | not read by ETFIQ | 0.88% |
| 13 | CSIO | Cohen & Steers Infrastructure Opportunit | 54.2% | 99.0% | $44m | 0.65% |
| 14 | NFRX | Harrison Street Infrastructure Active ET | 56.3% | 98.2% | $106m | 0.80% |
| 15 | RIFR | Russell Investments Global Infrastructur | 57.3% | 97.5% | $43m | 0.59% |
Method
The 18 of 18 ETFs in the infrastructure theme with a filed book, least overlap first, each measured against the S&P 500 holdings ETFIQ reads for the same date.
The rest of the method
Across the funds listed here the weight held in S&P 500 companies runs from 0.0% to 57.3%. A thematic fund is worth its fee only for the part of it you do not already own. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A ranking is not a recommendation and no order on this site is an opinion.
ETFIQ, The infrastructure ETFs least like the S&P 500, ranked by the share of the fund by weight that is held in S&P 500 companies, data as of Oct 9, 2026. https://etfiq.com/rankings/themes-off-index-infrastructure
ETFIQ. (Oct 9, 2026). The infrastructure ETFs least like the S&P 500, ranked by the share of the fund by weight that is held in S&P 500 companies. Retrieved from https://etfiq.com/rankings/themes-off-index-infrastructure
[The infrastructure ETFs least like the S&P 500, ranked by the share of the fund by weight that is held in S&P 500 companies (ETFIQ, Oct 9, 2026)](https://etfiq.com/rankings/themes-off-index-infrastructure)
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