BBAX vs NFRA: Holdings Overlap
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
How similar are BBAX and NFRA?
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 6 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6BBAX holds 96 · NFRA holds 185
- Weight in Shared Holdings
- BBAX 4%·NFRA 3%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 BBAX
90 of 96 positions (95.6% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
179 of 185 positions (96.6% of the fund) are not held by BBAX. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBAX | NFRA |
|---|---|---|
| Financials | 45.0% | 0.0% |
| Industrials | 7.0% | 25.7% |
| Utilities | 2.9% | 24.9% |
| Communication Services | 2.3% | 23.2% |
| Materials | 14.6% | 0.0% |
| Other Sectors | 20.8% | 17.3% |
| Unclassified | 6.6% | 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 (7% of BBAX, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
| 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 BBAX vs NFRA →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by TCL, AIA and 66.
Frequently Asked Questions
How much do BBAX and NFRA overlap?
BBAX and NFRA overlap by 2.7% of portfolio weight. They share 6 holdings (BBAX holds 96 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBAX and NFRA?
The two portfolios are 2.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BBAX and NFRA?
The largest positions held by both funds are TCL, AIA, 66, STO and 6823. Together the top 6 shared positions account for 100% of the total overlap.
What does BBAX own that NFRA doesn't?
90 positions (95.6% of BBAX) are unique to BBAX, led by CBA, BHP and 1299. In the other direction, 179 positions (96.6% of NFRA) are unique to NFRA.