EEMV vs NFRA: Holdings Overlap
EEMViShares MSCI Emerging Markets Min Vol Factor ETF
iShares · 334 holdings · $3.5B · 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 (EEMV: 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 EEMV and NFRA?
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV, by iShares) holds 334 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 11 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11EEMV holds 334 · NFRA holds 185
- Weight in Shared Holdings
- EEMV 4%·NFRA 6%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 EEMV
323 of 334 positions (95.4% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
174 of 185 positions (93.7% of the fund) are not held by EEMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | EEMV | NFRA |
|---|---|---|
| Information Technology | 29.8% | 0.9% |
| Industrials | 2.9% | 25.7% |
| Utilities | 2.7% | 24.9% |
| Communication Services | 9.1% | 23.2% |
| Financials | 15.5% | 0.0% |
| Other Sectors | 16.0% | 16.4% |
| Unclassified | 23.2% | 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 (23% of EEMV, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EEMV | +1.1% | +16.2% | +20.0% | +13.2% | +6.2% | +5.9% | 2.20% |
| 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 EEMV vs NFRA →
Shared Holdings(11)
The top 10 shared positions account for 99% of the overlap, led by BHARTI, SBSP3 and ICT.
 BHARTIBharti Airtel Ltd. | 1.07% | 1.60% | 1.07% |
|---|---|---|---|
 SBSP3Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.47% | 0.73% | 0.47% |
 ICTInternational Container Terminal Services, Inc. | 0.37% | 0.81% | 0.37% |
 APHSApollo Hospitals Enterprise Ltd. | 0.36% | 0.44% | 0.36% |
 IHHIHH Healthcare Bhd. | 0.80% | 0.21% | 0.21% |
 BDMS-RBangkok Dusit Medical Services PCL | 0.19% | 0.36% | 0.19% |
 2Y11China Tower Corp. Ltd., Class H | 0.13% | 0.17% | 0.13% |
 JE2Jiangsu Expressway Co. Ltd., Class H | 0.26% | 0.08% | 0.08% |
 MAXHEALTMax Healthcare Institute Ltd. | 0.07% | 0.34% | 0.07% |
 ADSEZAdani Ports & Special Economic Zone Ltd. | 0.05% | 0.73% | 0.05% |
 RDOR3Rede D'Or Sao Luiz SA | 0.04% | 0.28% | 0.04% |
Frequently Asked Questions
How much do EEMV and NFRA overlap?
EEMV and NFRA overlap by 3.0% of portfolio weight. They share 11 holdings (EEMV holds 334 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EEMV and NFRA?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EEMV and NFRA?
The largest positions held by both funds are BHARTI, SBSP3, ICT, APHS and IHH. Together the top 10 shared positions account for 99% of the total overlap.
What does EEMV own that NFRA doesn't?
323 positions (95.4% of EEMV) are unique to EEMV, led by 000660, 009150 and 2308. In the other direction, 174 positions (93.7% of NFRA) are unique to NFRA.