EFV vs NFRA: Holdings Overlap
EFViShares MSCI EAFE Value ETF
iShares · 419 holdings · $29.6B · 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 EFV and NFRA?
iShares MSCI EAFE Value ETF (EFV, by iShares) holds 419 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 28 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28EFV holds 419 · NFRA holds 185
- Weight in Shared Holdings
- EFV 8%·NFRA 28%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 EFV
391 of 419 positions (90.8% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EFV | NFRA |
|---|---|---|
| Financials | 35.7% | 0.0% |
| Industrials | 9.3% | 25.7% |
| Utilities | 6.3% | 24.9% |
| Communication Services | 4.1% | 23.2% |
| Energy | 7.3% | 8.5% |
| Other Sectors | 31.6% | 8.8% |
| Unclassified | 4.9% | 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 (5% of EFV, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EFV | +5.3% | +18.3% | +32.4% | +23.4% | +14.6% | +10.7% | 4.44% |
| 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 EFV vs NFRA →
Shared Holdings(28)
The top 10 shared positions account for 74% of the overlap, led by IBE, ENEL and NG-.
 IBEIberdrola SA | 1.32% | 2.23% | 1.32% |
|---|---|---|---|
 ENELEnel SpA | 0.83% | 1.39% | 0.83% |
 NG-National Grid PLC | 0.78% | 1.43% | 0.78% |
 DTEDeutsche Telekom AG (Registered) | 0.68% | 3.22% | 0.68% |
 ENGIEngie SA | 0.53% | 0.95% | 0.53% |
 DHLDeutsche Post AG | 0.48% | 2.62% | 0.48% |
 9433KDDI Corp. | 0.42% | 1.35% | 0.42% |
 RWERWE AG | 0.40% | 0.75% | 0.40% |
 9984SoftBank Group Corp. | 0.39% | 3.76% | 0.39% |
 SSESSE plc | 0.38% | 0.66% | 0.38% |
 9432NTT Inc. NPV | 0.25% | 1.43% | 0.25% |
 VIEVeolia Environnement SA | 0.23% | 1.32% | 0.23% |
 SCMNSwisscom AG (Registered) | 0.19% | 0.61% | 0.19% |
 KPNKoninklijke KPN NV | 0.18% | 0.59% | 0.18% |
 FREFresenius SE & Co. KGaA | 0.18% | 0.93% | 0.18% |
 STOSantos Ltd. | 0.16% | 0.29% | 0.16% |
 BT-ABT Group PLC | 0.15% | 0.53% | 0.15% |
 SRGSnam SpA | 0.14% | 0.26% | 0.14% |
 SVTSevern Trent PLC | 0.11% | 0.55% | 0.11% |
 APAAPA Group | 0.09% | 0.14% | 0.09% |
| Telecom Italia SpA/Milano | 0.08% | 0.25% | 0.08% |
 AIAAuckland International Airport Ltd. | 0.07% | 0.39% | 0.07% |
 9021West Japan Railway Co. | 0.07% | 0.38% | 0.07% |
 66MTR Corp. Ltd. | 0.06% | 0.32% | 0.06% |
 9022Central Japan Railway Co. | 0.06% | 1.08% | 0.06% |
Frequently Asked Questions
How much do EFV and NFRA overlap?
EFV and NFRA overlap by 8.3% of portfolio weight. They share 28 holdings (EFV holds 419 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EFV and NFRA?
The two portfolios are 8.3% 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 EFV and NFRA?
The largest positions held by both funds are IBE, ENEL, NG-, DTE and ENGI. Together the top 10 shared positions account for 74% of the total overlap.
What does EFV own that NFRA doesn't?
391 positions (90.8% of EFV) are unique to EFV, led by HSBA, ROP and NESN. In the other direction, 157 positions (71.3% of NFRA) are unique to NFRA.