{"url":"https://etfiq.com/themes/infrastructure","section":"themes","title":"Infrastructure ETFs: 18 funds, largest first | ETFIQ","description":"ETFIQ covers 18 infrastructure ETFs. The largest are PAVE ($13.6bn), IGF ($10.6bn) and IFRA ($4.0bn); fees run 0.30% to 0.96%, as of Oct 12 to 20, 2026.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many infrastructure ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"ETFIQ covers 18 US listed infrastructure ETFs as of Oct 21, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest infrastructure ETF?","acceptedAnswer":{"@type":"Answer","text":"PAVE, Global X U.S. Infrastructure Development ETF, at $13.6bn in net assets as of Oct 12, 2026, the largest of the 17 infrastructure ETFs with a published size."}},{"@type":"Question","name":"What is the cheapest infrastructure ETF?","acceptedAnswer":{"@type":"Answer","text":"IFRA, iShares U.S. Infrastructure ETF, at 0.30% a year by its prospectus filed Jul 27, 2026, the lowest fee of the 18 infrastructure ETFs that publish one."}},{"@type":"Question","name":"Which infrastructure ETF has performed best over the past year?","acceptedAnswer":{"@type":"Answer","text":"RBLD, First Trust Alerian U.S. NextGen Infrastructure ETF, at +12.0% total return over the year to Oct 21, 2026, the highest of the 14 infrastructure ETFs with a full year of trading behind them. Past returns do not predict future ones."}},{"@type":"Question","name":"What do infrastructure ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"Funds that hold the builders, materials suppliers and engineering firms behind public works: roads, bridges, ports and pipes. Between them the 18 infrastructure ETFs ETFIQ can read name 139 companies in their ten largest holdings, by holdings dated May 29, 2026 to Oct 20, 2026, most widely ENBRIDGE, which is among the ten largest of 4 of them."}},{"@type":"Question","name":"Do infrastructure ETFs hold the same companies?","acceptedAnswer":{"@type":"Answer","text":"It depends which two. Across the 45 pairs of the 10 infrastructure ETFs with a full published book, by holdings dated May 31, 2026 to Oct 20, 2026, GII and IGF hold 97% of their weight in the same companies, BKGI and PAVE hold 0%, and the middle pair holds 19%. Two funds sold on one theme are not the same fund."}}]},{"@type":"ItemList","name":"Infrastructure ETFs: 18 funds, largest first","numberOfItems":18,"itemListElement":[{"@type":"ListItem","position":1,"name":"PAVE","url":"https://etfiq.com/funds/pave"},{"@type":"ListItem","position":2,"name":"IGF","url":"https://etfiq.com/funds/igf"},{"@type":"ListItem","position":3,"name":"IFRA","url":"https://etfiq.com/funds/ifra"},{"@type":"ListItem","position":4,"name":"NFRA","url":"https://etfiq.com/funds/nfra"},{"@type":"ListItem","position":5,"name":"BKGI","url":"https://etfiq.com/funds/bkgi"},{"@type":"ListItem","position":6,"name":"GII","url":"https://etfiq.com/funds/gii"},{"@type":"ListItem","position":7,"name":"TOLZ","url":"https://etfiq.com/funds/tolz"},{"@type":"ListItem","position":8,"name":"BLDX","url":"https://etfiq.com/funds/bldx"},{"@type":"ListItem","position":9,"name":"BILT","url":"https://etfiq.com/funds/bilt"},{"@type":"ListItem","position":10,"name":"NFRX","url":"https://etfiq.com/funds/nfrx"},{"@type":"ListItem","position":11,"name":"CSIO","url":"https://etfiq.com/funds/csio"},{"@type":"ListItem","position":12,"name":"RIFR","url":"https://etfiq.com/funds/rifr"},{"@type":"ListItem","position":13,"name":"RBLD","url":"https://etfiq.com/funds/rbld"},{"@type":"ListItem","position":14,"name":"GLIX","url":"https://etfiq.com/funds/glix"},{"@type":"ListItem","position":15,"name":"IPAV","url":"https://etfiq.com/funds/ipav"},{"@type":"ListItem","position":16,"name":"EFRA","url":"https://etfiq.com/funds/efra"},{"@type":"ListItem","position":17,"name":"UPGR","url":"https://etfiq.com/funds/upgr"},{"@type":"ListItem","position":18,"name":"NGIF","url":"https://etfiq.com/funds/ngif"}]},{"@type":"ItemList","name":"The 10 largest infrastructure ETFs","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":10,"itemListElement":[{"@type":"ListItem","position":1,"name":"PAVE","url":"https://etfiq.com/funds/pave"},{"@type":"ListItem","position":2,"name":"IGF","url":"https://etfiq.com/funds/igf"},{"@type":"ListItem","position":3,"name":"IFRA","url":"https://etfiq.com/funds/ifra"},{"@type":"ListItem","position":4,"name":"NFRA","url":"https://etfiq.com/funds/nfra"},{"@type":"ListItem","position":5,"name":"BKGI","url":"https://etfiq.com/funds/bkgi"},{"@type":"ListItem","position":6,"name":"GII","url":"https://etfiq.com/funds/gii"},{"@type":"ListItem","position":7,"name":"TOLZ","url":"https://etfiq.com/funds/tolz"},{"@type":"ListItem","position":8,"name":"BLDX","url":"https://etfiq.com/funds/bldx"},{"@type":"ListItem","position":9,"name":"BILT","url":"https://etfiq.com/funds/bilt"},{"@type":"ListItem","position":10,"name":"NFRX","url":"https://etfiq.com/funds/nfrx"}]},{"@type":"Dataset","name":"Infrastructure ETFs: what each one holds","description":"ETFIQ covers 18 infrastructure ETFs. The largest are PAVE ($13.6bn), IGF ($10.6bn) and IFRA ($4.0bn); fees run 0.30% to 0.96%, as of Oct 12 to 20, 2026.","url":"https://etfiq.com/themes/infrastructure","dateModified":"2026-10-21","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"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":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Infrastructure","item":"https://etfiq.com/themes/infrastructure"}]},{"@type":"WebPage","name":"Infrastructure ETFs: 18 funds, largest first","description":"ETFIQ covers 18 infrastructure ETFs. The largest are PAVE ($13.6bn), IGF ($10.6bn) and IFRA ($4.0bn); fees run 0.30% to 0.96%, as of Oct 12 to 20, 2026.","url":"https://etfiq.com/themes/infrastructure","dateModified":"2026-10-21","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":10640,"truncated":false,"content":"ETFIQ / Thematic ETFs / Infrastructure \n \n Data as of Oct 21, 2026 .\n Infrastructure ETFs: what each one holds\n See every infrastructure ETF by what it holds, not by its name. Funds that hold the builders, materials suppliers and engineering firms behind public works: roads, bridges, ports and pipes. 18 funds, largest first. Updated Oct 21, 2026. The typical fund carries 41% of its weight in S&P 500 names, the 18th most of the 53 themes with filed books.\n 18 US listed infrastructure ETFs \n $13.6bn The largest, PAVE \n 0.30% The cheapest, IFRA \n +12.0% Best one year, RBLD \n\n The short answers\n Least like the S&P 500 IPAV , Global X Infrastructure Development ex-U.S. ETF, 0.0% of its weight in S&P 500 companies. Closest pair GII and IGF , 97% of their weight in the same companies. What these funds actually own\n Between them the 18 funds' ten largest holdings name 139 companies, of which 28 appear in more than one. ENBRIDGE is among the ten largest of 4 of them, at an average of 5.1% of the fund.\n Infrastructure ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Among the ten largest of Average weight where it is Largest, and in which fund \n ENBRIDGE ENB 4 of 18 5.1% 7.5% in BKGI \n AENA SME SA AENA 4 of 18 4.8% 5.5% in BILT \n WILLIAMS WMB 4 of 18 3.3% 4.1% in TOLZ \n CSX Corp 3 of 18 5.0% 6.8% in CSIO \n TRANSURBAN GROUP STAPLED UNITS TCL 3 of 18 4.4% 5.0% in IGF \n NEXTERA ENERGY NEE 3 of 18 4.4% 4.7% in IGF \n Aena SME SA 3 of 18 4.4% 5.3% in RIFR \n Williams Cos Inc/The 3 of 18 4.1% 6.8% in CSIO \n Iberdrola SA 3 of 18 3.5% 4.5% in BLDX \n SOUTHERN SO 3 of 18 3.0% 3.1% in IFRA \n Entergy Corp 2 of 18 5.8% 6.0% in CSIO \n National Grid PLC 2 of 18 5.6% 8.1% in GLIX \n Canadian National Railway Co 2 of 18 5.5% 8.6% in GLIX \n NextEra Energy Inc 2 of 18 4.8% 4.8% in NGIF \n UNION PACIFIC UNP 2 of 18 4.8% 5.4% in BILT \n \n The 15 most widely held of 139. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.\n The 10 largest infrastructure ETFs\n ETFIQ covers 18 infrastructure ETFs. The largest are PAVE ( $13.6bn ), IGF ( $10.6bn ) and IFRA ( $4.0bn ); fees run 0.30% to 0.96% , as of Oct 12 to 20, 2026 .\n PAVE Global X U.S. Infrastructure Development ETF $13.6bn 0.47% \n IGF iShares Global Infrastructure ETF $10.6bn 0.37% \n IFRA iShares U.S. Infrastructure ETF $4.0bn 0.30% \n NFRA Northern Trust STOXX Global Broad Infrastructure ETF $3.0bn 0.47% \n BKGI BNY Mellon Global Infrastructure Income ETF $1.3bn 0.55% \n GII State Street SPDR S&P Global Infrastructure ETF $939m 0.40% \n TOLZ ProShares DJ Brookfield Global Infrastructure ETF $167m 0.46% \n BLDX Impax Global Sustainable Infrastructure ETF $118m 0.60% \n BILT iShares Infrastructure Active ETF $116m 0.60% \n NFRX Harrison Street Infrastructure Active ETF $106m 0.80% \n \n Infrastructure ETFs: what each one holds, as of Oct 21, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n PAVE Global X U.S. Infrastructure Development ETF Global X $13.6bn 62.1% 97.2% +11.2% not measured 0.47% \n IGF iShares Global Infrastructure ETF iShares $10.6bn 31.6% 98.3% +8.2% +0.5 pts vs GII 0.37% \n IFRA iShares U.S. Infrastructure ETF iShares $4.0bn 71.8% 95.7% +8.2% not measured 0.30% \n NFRA Northern Trust STOXX Global Broad Infrastructure ETF Northern Trust $3.0bn 35.5% 96.1% +5.9% not measured 0.47% \n BKGI BNY Mellon Global Infrastructure Income ETF BNY Mellon $1.3bn 21.5% 99.4% +9.4% +1.2 pts vs IGF 0.55% \n GII State Street SPDR S&P Global Infrastructure ETF State Street $939m 32.5% 98.2% +7.7% \u22120.5 pts vs IGF 0.40% \n TOLZ ProShares DJ Brookfield Global Infrastructure ETF ProShares $167m 34.1% 98.9% +10.0% not measured 0.46% \n BLDX Impax Global Sustainable Infrastructure ETF Impax $118m 35.2% 96.6% first traded 261 days ago \u00b7 0.60% \n BILT iShares Infrastructure Active ETF iShares $116m 45.7% 98.1% +10.3% not measured 0.60% \n NFRX Harrison Street Infrastructure Active ETF not established $106m 55.1% 98.2% first traded 264 days ago \u00b7 0.80% \n CSIO Cohen & Steers Infrastructure Opportunities Active ETF Cohen & Steers $44m 49.6% 99.0% first traded 315 days ago \u00b7 0.65% \n RIFR Russell Investments Global Infrastructure ETF Russell Investments $43m 56.2% 97.5% +8.3% not measured 0.59% \n RBLD First Trust Alerian U.S. NextGen Infrastructure ETF First Trust $42m 81.2% 91.9% +12.0% \u22123.8 pts vs IWV 0.65% \n GLIX Lazard Listed Infrastructure ETF Lazard $30m 48.4% 98.5% +7.0% not measured 0.96% \n IPAV Global X Infrastructure Development ex-U.S. ETF Global X $6m 0.0% 100.0% +5.2% not measured 0.55% \n EFRA iShares Environmental Infrastructure and Industrials ETF iShares $6m 26.1% 99.8% +4.8% \u221211.1 pts vs VT 0.47% \n UPGR Xtrackers US Green Infrastructure Select Equity ETF Xtrackers $514,627 22.9% 97.4% \u221216.3% not measured 0.35% \n NGIF Nuveen Global Infrastructure Fund: ETF Class Shares Nuveen not read by ETFIQ 49.5% 97.8% first traded 140 days ago \u00b7 0.88% \n \n How much of each pair is the same fund\n The closest pair is GII and IGF , which hold 97% of their weight in the same companies. The furthest apart is BKGI and PAVE at 0%. The middle pair of the 45 is 19%. The grid is the 10 largest of 18 funds.\n Infrastructure ETFs, the share of each pair\u2019s weight held in the same companies. Read across or down; the figure is the same either way. Cells are shaded against the closest pair here, 97%. Source: each fund\u2019s own filed or daily holdings, read by ETFIQ. PAVE IGF IFRA NFRA BKGI GII TOLZ BLDX BILT NFRX \n PAVE \u00b7 2% 37% 6% 0% 2% 3% 8% 8% 9% \n IGF 2% \u00b7 34% 27% 18% 97% 35% 11% 41% 16% \n IFRA 37% 34% \u00b7 21% 7% 34% 21% 11% 28% 23% \n NFRA 6% 27% 21% \u00b7 12% 32% 20% 22% 25% 25% \n BKGI 0% 18% 7% 12% \u00b7 17% 16% 6% 6% 12% \n GII 2% 97% 34% 32% 17% \u00b7 35% 12% 41% 30% \n TOLZ 3% 35% 21% 20% 16% 35% \u00b7 10% 30% 38% \n BLDX 8% 11% 11% 22% 6% 12% 10% \u00b7 12% 19% \n BILT 8% 41% 28% 25% 6% 41% 30% 12% \u00b7 27% \n NFRX 9% 16% 23% 25% 12% 30% 38% 19% 27% \u00b7 \n \n Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.\n What each fund holds alone\n Infrastructure ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ. Fund Largest holding it alone has Weight All of its own names \n PAVE EATON CORPORATION PUBLIC LIMITED COMPANY 3.3% 43.5% \n IGF JIANGSU EXPRESSWAY LTD H 0.8% 1.9% \n IFRA CATERPILLAR INC CAT 3.7% 17.2% \n NFRA SoftBank Group Corp. 3.5% 37.6% \n BKGI OMEGA HEALTHCARE INVESTORS INC OHI 6.9% 29.5% \n GII SICHUAN EXPRESSWAY GROUP CO 0.2% 0.5% \n TOLZ ENERGY TRANSFER LP ET 2.9% 12.0% \n BLDX Welltower, Inc. 3.1% 26.9% \n BILT OSAKA GAS 1.1% 6.8% \n NFRX COMPANHIA PARANAENSE DE /BRL 2.0% 2.8% \n \n Questions people ask\n How many infrastructure ETFs are there? ETFIQ covers 18 US listed infrastructure ETFs as of Oct 21, 2026. That is every one it can measure from the fund\u2019s own published holdings. What is the largest infrastructure ETF? PAVE , Global X U.S. Infrastructure Development ETF, at $13.6bn in net assets as of Oct 12, 2026, the largest of the 17 infrastructure ETFs with a published size. What is the cheapest infrastructure ETF? IFRA , iShares U.S. Infrastructure ETF, at 0.30% a year by its prospectus filed Jul 27, 2026, the lowest fee of the 18 infrastructure ETFs that publish one. Which infrastructure ETF has performed best over the past year? RBLD , First Trust Alerian U.S. NextGen Infrastructure ETF, at +12.0% total return over the year to Oct 21, 2026, the highest of the 14 infrastructure ETFs with a full year of trading behind them. Past returns do not predict future ones. What do infrastructure ETFs hold? Funds that hold the builders, materials suppliers and engineering firms behind public works: roads, bridges, ports and pipes. Between them the 18 infrastructure ETFs ETFIQ can read name 139 companies in their ten largest holdings, by holdings dated May 29, 2026 to Oct 20, 2026, most widely ENBRIDGE, which is among the ten largest of 4 of them. Do infrastructure ETFs hold the same companies? It depends which two. Across the 45 pairs of the 10 infrastructure ETFs with a full published book, by holdings dated May 31, 2026 to Oct 20, 2026, GII and IGF hold 97% of their weight in the same companies, BKGI and PAVE hold 0%, and the middle pair holds 19%. Two funds sold on one theme are not the same fund. What the issuers say about this theme\n The issuers behind these infrastructure funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n Global X Global X Insights, including The Next Big Theme Their research index \n iShares iShares Portfolio Insights Their research index \n ProShares ProShares insights Their research index \n First Trust First Trust Investment Insights Their research index \n \n Where to next\n The largest infrastructure ETFs The cheapest infrastructure ETFs The infrastructure ETFs least like the S&P 500 The infrastructure ETFs that returned most The most concentrated infrastructure ETFs Every thematic ETF Compare two funds The vocabulary First Trust: ETF Newsletter - October 2026 UBS: CIO maintains a positive investment outlook for global equities State Street Investment Management: Target AI and policy-led growth from US to emerging markets 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 ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Infrastructure ETFs: what each one holds, data as of Oct 21, 2026. https://etfiq.com/themes/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, Infrastructure ETFs: what each one holds, data as of Oct 21, 2026. https://etfiq.com/themes/infrastructure APA ETFIQ. (Oct 21, 2026). Infrastructure ETFs: what each one holds. Retrieved from https://etfiq.com/themes/infrastructure Markdown [Infrastructure ETFs: what each one holds (ETFIQ, Oct 21, 2026)](https://etfiq.com/themes/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, Infrastructure ETFs: what each one holds, data as of Oct 21, 2026. https://etfiq.com/themes/infrastructure"}