BBEU vs NFRA: Holdings Overlap
BBEUJPMorgan BetaBuilders Europe ETF
JPMorgan · 365 holdings · $9.4B · 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 BBEU and NFRA?
JPMorgan BetaBuilders Europe ETF (BBEU, by JPMorgan) holds 365 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 22 holdings in common, and by portfolio weight the two funds are 6.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 22BBEU holds 365 · NFRA holds 185
- Weight in Shared Holdings
- BBEU 7%·NFRA 21%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 BBEU
343 of 365 positions (92.5% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBEU | NFRA |
|---|---|---|
| Industrials | 18.1% | 25.7% |
| Utilities | 5.0% | 24.9% |
| Financials | 23.6% | 0.0% |
| Communication Services | 2.9% | 23.2% |
| Health Care | 12.4% | 3.6% |
| Other Sectors | 33.7% | 13.7% |
| Unclassified | 3.3% | 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 (3% of BBEU, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBEU | +3.7% | +12.4% | +23.8% | +18.0% | +10.1% | — | 2.82% |
| 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 BBEU vs NFRA →
Shared Holdings(22)
The top 10 shared positions account for 80% of the overlap, led by IBE, DTE and ENEL.
 IBEIberdrola SA | 1.06% | 2.23% | 1.06% |
|---|---|---|---|
 DTEDeutsche Telekom AG (Registered) | 0.80% | 3.22% | 0.80% |
 ENELEnel SpA | 0.66% | 1.39% | 0.66% |
 NG-National Grid plc | 0.66% | 1.43% | 0.66% |
 ENGIEngie SA | 0.45% | 0.95% | 0.45% |
 DHLDeutsche Post AG | 0.41% | 2.62% | 0.41% |
 EOANE.ON SE | 0.36% | 0.77% | 0.36% |
 RWERWE AG | 0.36% | 0.75% | 0.36% |
 SSESSE plc | 0.29% | 0.66% | 0.29% |
 VIEVeolia Environnement SA | 0.20% | 1.32% | 0.20% |
 SCMNSwisscom AG (Registered) | 0.16% | 0.61% | 0.16% |
 KPNKoninklijke KPN NV | 0.15% | 0.59% | 0.15% |
 AENAAena SME SA | 0.15% | 0.94% | 0.15% |
 FREFresenius SE & Co. KGaA | 0.15% | 0.93% | 0.15% |
 CLNXCellnex Telecom SA | 0.14% | 0.46% | 0.14% |
 BT-ABT Group plc | 0.14% | 0.53% | 0.14% |
 SRGSnam SpA | 0.13% | 0.26% | 0.13% |
 UU-United Utilities Group plc | 0.10% | 0.62% | 0.10% |
 SVTSevern Trent plc | 0.09% | 0.55% | 0.09% |
| Telecom Italia SpA | 0.07% | 0.25% | 0.07% |
 TIAJFTelecom Italia SpA | 0.04% | 0.15% | 0.04% |
 INWInfrastrutture Wireless Italiane SpA | 0.02% | 0.06% | 0.02% |
Frequently Asked Questions
How much do BBEU and NFRA overlap?
BBEU and NFRA overlap by 6.6% of portfolio weight. They share 22 holdings (BBEU holds 365 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBEU and NFRA?
The two portfolios are 6.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of BBEU and NFRA?
The largest positions held by both funds are IBE, DTE, ENEL, NG- and ENGI. Together the top 10 shared positions account for 80% of the total overlap.
What does BBEU own that NFRA doesn't?
343 positions (92.5% of BBEU) are unique to BBEU, led by ASML, HSBA and AZN. In the other direction, 163 positions (78.1% of NFRA) are unique to NFRA.