EMXC vs NFRA: Holdings Overlap
EMXCiShares MSCI Emerging Markets ex China ETF
iShares · 663 holdings · $23.8B · 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 (EMXC: 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 EMXC and NFRA?
iShares MSCI Emerging Markets ex China ETF (EMXC, by iShares) holds 663 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 20 holdings in common, and by portfolio weight the two funds are 1.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20EMXC holds 663 · NFRA holds 185
- Weight in Shared Holdings
- EMXC 2%·NFRA 8%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 EMXC
643 of 663 positions (98.2% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
165 of 185 positions (91.6% of the fund) are not held by EMXC. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMXC | NFRA |
|---|---|---|
| Information Technology | 49.6% | 0.9% |
| Industrials | 3.0% | 25.7% |
| Utilities | 1.0% | 24.9% |
| Communication Services | 2.2% | 23.2% |
| Financials | 12.0% | 0.0% |
| Other Sectors | 12.3% | 16.4% |
| Unclassified | 19.8% | 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 (20% of EMXC, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMXC | -2.1% | +31.1% | +51.2% | +24.8% | +11.5% | — | 2.03% |
| 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 EMXC vs NFRA →
Shared Holdings(20)
The top 10 shared positions account for 77% of the overlap, led by BHARTI, SBSP3 and ICT.
 BHARTIBharti Airtel Ltd. | 0.49% | 1.60% | 0.49% |
|---|---|---|---|
 SBSP3Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.13% | 0.73% | 0.13% |
 ICTInternational Container Terminal Services, Inc. | 0.12% | 0.81% | 0.12% |
 ADSEZAdani Ports & Special Economic Zone Ltd. | 0.10% | 0.73% | 0.10% |
 GAPBGrupo Aeroportuario del Pacifico SAB de CV, Class B | 0.09% | 0.48% | 0.09% |
 APHSApollo Hospitals Enterprise Ltd. | 0.09% | 0.44% | 0.09% |
 MAXHEALTMax Healthcare Institute Ltd. | 0.08% | 0.34% | 0.08% |
 AOT-RAirports of Thailand PCL | 0.07% | 0.32% | 0.07% |
 INDUSTOWIndus Towers Ltd. | 0.06% | 0.16% | 0.06% |
 BDMS-RBangkok Dusit Medical Services PCL | 0.06% | 0.36% | 0.06% |
 ASURBGrupo Aeroportuario del Sureste SAB de CV, Class B | 0.05% | 0.24% | 0.05% |
 RDOR3Rede D'Or Sao Luiz SA | 0.05% | 0.28% | 0.05% |
 IHHIHH Healthcare Bhd. | 0.05% | 0.21% | 0.05% |
| Grupo Aeroportuario del Centro Norte SAB de CV, Class B | 0.04% | 0.17% | 0.04% |
 RAIL3Rumo SA | 0.03% | 0.21% | 0.03% |
 PETGASPetronas Gas Bhd. | 0.03% | 0.04% | 0.03% |
| Bumrungrad Hospital PCL | 0.03% | 0.20% | 0.03% |
| Promotora y Operadora de Infraestructura SAB de CV | 0.03% | 0.13% | 0.03% |
 MOTV3Motiva Infraestrutura de Mobilidade SA | 0.03% | 0.17% | 0.03% |
 GMRAIRPOGMR Airports Ltd. | 0.03% | 0.17% | 0.03% |
Frequently Asked Questions
How much do EMXC and NFRA overlap?
EMXC and NFRA overlap by 1.7% of portfolio weight. They share 20 holdings (EMXC holds 663 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMXC and NFRA?
The two portfolios are 1.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EMXC and NFRA?
The largest positions held by both funds are BHARTI, SBSP3, ICT, ADSEZ and GAPB. Together the top 10 shared positions account for 77% of the total overlap.
What does EMXC own that NFRA doesn't?
643 positions (98.2% of EMXC) are unique to EMXC, led by TSMWF, 005930 and 000660. In the other direction, 165 positions (91.6% of NFRA) are unique to NFRA.