{"url":"https://etfiq.com/rankings/themes-off-index-infrastructure","section":"rankings","title":"The infrastructure ETFs least like the S&P 500 | ETFIQ","description":"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, as of Oct 9, 2026.","as_of":"Oct 9, 2026","structured_data":[{"@type":"ItemList","name":"The infrastructure ETFs least like the S&P 500","numberOfItems":15,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"IPAV","url":"https://etfiq.com/funds/ipav"},{"@type":"ListItem","position":2,"name":"UPGR","url":"https://etfiq.com/funds/upgr"},{"@type":"ListItem","position":3,"name":"BKGI","url":"https://etfiq.com/funds/bkgi"},{"@type":"ListItem","position":4,"name":"EFRA","url":"https://etfiq.com/funds/efra"},{"@type":"ListItem","position":5,"name":"IGF","url":"https://etfiq.com/funds/igf"},{"@type":"ListItem","position":6,"name":"TOLZ","url":"https://etfiq.com/funds/tolz"},{"@type":"ListItem","position":7,"name":"GII","url":"https://etfiq.com/funds/gii"},{"@type":"ListItem","position":8,"name":"NFRA","url":"https://etfiq.com/funds/nfra"},{"@type":"ListItem","position":9,"name":"BLDX","url":"https://etfiq.com/funds/bldx"},{"@type":"ListItem","position":10,"name":"BILT","url":"https://etfiq.com/funds/bilt"},{"@type":"ListItem","position":11,"name":"GLIX","url":"https://etfiq.com/funds/glix"},{"@type":"ListItem","position":12,"name":"NGIF","url":"https://etfiq.com/funds/ngif"},{"@type":"ListItem","position":13,"name":"CSIO","url":"https://etfiq.com/funds/csio"},{"@type":"ListItem","position":14,"name":"NFRX","url":"https://etfiq.com/funds/nfrx"},{"@type":"ListItem","position":15,"name":"RIFR","url":"https://etfiq.com/funds/rifr"}]},{"@type":"Dataset","name":"The infrastructure ETFs least like the S&P 500","description":"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, as of Oct 9, 2026.","url":"https://etfiq.com/rankings/themes-off-index-infrastructure","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"The infrastructure ETFs least like the S&P...","item":"https://etfiq.com/rankings/themes-off-index-infrastructure"}]},{"@type":"WebPage","name":"The infrastructure ETFs least like the S&P 500","description":"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, as of Oct 9, 2026.","url":"https://etfiq.com/rankings/themes-off-index-infrastructure","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3860,"truncated":false,"content":"ETFIQ / Rankings / The infrastructure ETFs least like the S&P... \n \n As of Oct 9, 2026 . Rebuilt every trading night.\n The infrastructure ETFs least like the S&P 500\n 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.\n 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, as of Oct 9, 2026. Source: ETFIQ. # Ticker Fund Weight in S&P 500 companies Active share Net assets Fee \n 1 IPAV Global X Infrastructure Development ex-U 0.0% 100.0% $5m 0.55% \n 2 UPGR Xtrackers US Green Infrastructure Select 22.9% 97.4% $539,786 0.35% \n 3 BKGI BNY Mellon Global Infrastructure Income 23.7% 99.4% $1.3bn 0.55% \n 4 EFRA iShares Environmental Infrastructure and 25.8% 99.8% $5m 0.47% \n 5 IGF iShares Global Infrastructure ETF 31.9% 98.3% $10.3bn 0.37% \n 6 TOLZ ProShares DJ Brookfield Global Infrastru 33.9% 98.9% $162m 0.46% \n 7 GII State Street(R) SPDR(R) S&P(R) Global In 35.0% 98.1% $911m 0.40% \n 8 NFRA Northern Trust STOXX Global Broad Infras 35.8% 96.1% $3.0bn 0.47% \n 9 BLDX Impax Global Sustainable Infrastructure 36.0% 96.6% $118m 0.60% \n 10 BILT iShares Infrastructure Active ETF 46.8% 98.1% $112m 0.60% \n 11 GLIX Lazard Listed Infrastructure ETF 49.3% 98.5% $30m 0.96% \n 12 NGIF Nuveen Global Infrastructure Fund: ETF C 50.1% 97.7% not read by ETFIQ 0.88% \n 13 CSIO Cohen & Steers Infrastructure Opportunit 54.2% 99.0% $44m 0.65% \n 14 NFRX Harrison Street Infrastructure Active ET 56.3% 98.2% $106m 0.80% \n 15 RIFR Russell Investments Global Infrastructur 57.3% 97.5% $43m 0.59% \n \n Method\n 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. 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.\n Where to next\n Every infrastructure ETF and what it holds The largest infrastructure ETFs Where these figures came from\n Fund holdings from SEC Form N-PORT and from the issuers own daily files SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. 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 Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain 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 APA 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 Markdown [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)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"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"}