AVEM vs NFRA: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
Holdings snapshots are 31 days apart (AVEM: 2026-05-31, NFRA: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and NFRA?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 29 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29AVEM holds 3893 · NFRA holds 185
- Weight in Shared Holdings
- AVEM 1%·NFRA 7%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3864 of 3893 positions (98.8% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
156 of 185 positions (92.2% of the fund) are not held by AVEM. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | NFRA |
|---|---|---|
| Information Technology | 33.8% | 0.9% |
| Industrials | 2.0% | 25.7% |
| Utilities | 0.8% | 24.9% |
| Communication Services | 3.1% | 23.2% |
| Financials | 10.7% | 0.0% |
| Other Sectors | 13.1% | 16.4% |
| Unclassified | 36.5% | 8.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs NFRA →
Shared Holdings(29)
The top 10 shared positions account for 76% of the overlap, led by BHARTI, 2Y11 and INDUSTOW.
 BHARTIBharti Airtel Ltd. | 0.20% | 1.60% | 0.20% |
|---|---|---|---|
 2Y11China Tower Corp. Ltd., Class H | 0.12% | 0.17% | 0.12% |
 INDUSTOWIndus Towers Ltd. | 0.11% | 0.16% | 0.11% |
 144China Merchants Port Holdings Co. Ltd. | 0.09% | 0.12% | 0.09% |
 ICTInternational Container Terminal Services, Inc. | 0.08% | 0.81% | 0.08% |
 ADSEZAdani Ports & Special Economic Zone Ltd. | 0.07% | 0.73% | 0.07% |
 270Guangdong Investment Ltd. | 0.05% | 0.13% | 0.05% |
 APHSApollo Hospitals Enterprise Ltd. | 0.05% | 0.44% | 0.05% |
 152Shenzhen International Holdings Ltd. | 0.04% | 0.06% | 0.04% |
| Promotora y Operadora de Infraestructura SAB de CV | 0.04% | 0.13% | 0.04% |
| Cia de Saneamento de Minas Gerais Copasa MG | 0.04% | 0.10% | 0.04% |
 MOTV3Motiva Infraestrutura de Mobilidade SA | 0.04% | 0.17% | 0.04% |
 BDMS-RBangkok Dusit Medical Services PCL | 0.03% | 0.36% | 0.03% |
| Bumrungrad Hospital PCL | 0.02% | 0.20% | 0.02% |
 AOT-RAirports of Thailand PCL | 0.02% | 0.32% | 0.02% |
 RAIL3Rumo SA | 0.02% | 0.21% | 0.02% |
| Cia De Sanena Do Parana (Preference) | 0.02% | 0.07% | 0.02% |
 MAXHEALTMax Healthcare Institute Ltd. | 0.02% | 0.34% | 0.02% |
 IHHIHH Healthcare Bhd. | 0.01% | 0.21% | 0.01% |
 PETGASPetronas Gas Bhd. | 0.01% | 0.04% | 0.01% |
 JE2Jiangsu Expressway Co. Ltd., Class H | 0.01% | 0.08% | 0.01% |
 RDOR3Rede D'Or Sao Luiz SA | 0.01% | 0.28% | 0.01% |
 GMRAIRPOGMR Airports Ltd. | 0.01% | 0.17% | 0.01% |
| Westports Holdings Bhd. | 0.01% | 0.08% | 0.01% |
| Aguas Andinas SA, Class A | 0.00% | 0.05% | 0.00% |
Frequently Asked Questions
How much do AVEM and NFRA overlap?
AVEM and NFRA overlap by 1.1% of portfolio weight. They share 29 holdings (AVEM holds 3893 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and NFRA?
The two portfolios are 1.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and NFRA?
The largest positions held by both funds are BHARTI, 2Y11, INDUSTOW, 144 and ICT. Together the top 10 shared positions account for 76% of the total overlap.
What does AVEM own that NFRA doesn't?
3864 positions (98.8% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 156 positions (92.2% of NFRA) are unique to NFRA.