EFA vs NFRA: Holdings Overlap
iShares · 705 holdings · $79.3B · 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 EFA and NFRA?
iShares MSCI EAFE ETF (EFA, by iShares) holds 705 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 35 holdings in common, and by portfolio weight the two funds are 5.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35EFA holds 705 · NFRA holds 185
- Weight in Shared Holdings
- EFA 6%·NFRA 34%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 EFA
670 of 705 positions (93.4% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EFA | NFRA |
|---|---|---|
| Industrials | 18.5% | 25.7% |
| Utilities | 3.8% | 24.9% |
| Financials | 23.8% | 0.0% |
| Communication Services | 4.1% | 23.2% |
| Health Care | 9.7% | 3.6% |
| Other Sectors | 33.9% | 13.7% |
| Unclassified | 5.5% | 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 (6% of EFA, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EFA | +4.2% | +14.8% | +25.0% | +17.9% | +9.6% | +9.7% | 3.10% |
| 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 EFA vs NFRA →
Shared Holdings(35)
The top 10 shared positions account for 66% of the overlap, led by IBE, 9984 and DTE.
 IBEIberdrola SA | 0.69% | 2.23% | 0.69% |
|---|---|---|---|
 9984SoftBank Group Corp. | 0.58% | 3.76% | 0.58% |
 DTEDeutsche Telekom AG (Registered) | 0.55% | 3.22% | 0.55% |
 ENELEnel SpA | 0.44% | 1.39% | 0.44% |
 NG-National Grid PLC | 0.41% | 1.43% | 0.41% |
 ENGIEngie SA | 0.28% | 0.95% | 0.28% |
 DHLDeutsche Post AG | 0.25% | 2.62% | 0.25% |
 EOANE ON SE | 0.23% | 0.77% | 0.23% |
 9433KDDI Corp. | 0.22% | 1.35% | 0.22% |
 RWERWE AG | 0.21% | 0.75% | 0.21% |
 SSESSE plc | 0.20% | 0.66% | 0.20% |
 TCLTransurban Group | 0.15% | 1.47% | 0.15% |
 NBISNebius Group N.V., Class A | 0.14% | 0.40% | 0.14% |
 9432NTT Inc. NPV | 0.13% | 1.43% | 0.13% |
 VIEVeolia Environnement SA | 0.12% | 1.32% | 0.12% |
 SCMNSwisscom AG (Registered) | 0.10% | 0.61% | 0.10% |
 9020East Japan Railway Co. | 0.10% | 1.15% | 0.10% |
 AENAAena SME SA | 0.09% | 0.94% | 0.09% |
 KPNKoninklijke KPN NV | 0.09% | 0.59% | 0.09% |
 FREFresenius SE & Co. KGaA | 0.09% | 0.93% | 0.09% |
 STOSantos Ltd. | 0.09% | 0.29% | 0.09% |
 9022Central Japan Railway Co. | 0.09% | 1.08% | 0.09% |
 BT-ABT Group PLC | 0.08% | 0.53% | 0.08% |
 CLNXCellnex Telecom SA | 0.07% | 0.46% | 0.07% |
 SRGSnam SpA | 0.07% | 0.26% | 0.07% |
Frequently Asked Questions
How much do EFA and NFRA overlap?
EFA and NFRA overlap by 5.9% of portfolio weight. They share 35 holdings (EFA holds 705 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EFA and NFRA?
The two portfolios are 5.9% 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 EFA and NFRA?
The largest positions held by both funds are IBE, 9984, DTE, ENEL and NG-. Together the top 10 shared positions account for 66% of the total overlap.
What does EFA own that NFRA doesn't?
670 positions (93.4% of EFA) are unique to EFA, led by ASML, HSBA and AZN. In the other direction, 150 positions (65.5% of NFRA) are unique to NFRA.