EWA vs NFRA: Holdings Overlap
iShares · 48 holdings · $1.4B · 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 (EWA: 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 EWA and NFRA?
iShares MSCI Australia ETF (EWA, by iShares) holds 48 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 3 holdings in common, and by portfolio weight the two funds are 1.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3EWA holds 48 · NFRA holds 185
- Weight in Shared Holdings
- EWA 4%·NFRA 2%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 EWA
45 of 48 positions (95.2% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
182 of 185 positions (97.5% of the fund) are not held by EWA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWA | NFRA |
|---|---|---|
| Financials | 40.6% | 0.0% |
| Industrials | 4.7% | 25.7% |
| Materials | 25.5% | 0.0% |
| Utilities | 1.6% | 24.9% |
| Communication Services | 1.9% | 23.2% |
| Other Sectors | 24.2% | 17.3% |
| Unclassified | 1.0% | 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 (1% of EWA, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
| 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 EWA vs NFRA →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by TCL, STO and APA.
Frequently Asked Questions
How much do EWA and NFRA overlap?
EWA and NFRA overlap by 1.9% of portfolio weight. They share 3 holdings (EWA holds 48 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWA and NFRA?
The two portfolios are 1.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of EWA and NFRA?
The largest positions held by both funds are TCL, STO and APA. Together the top 3 shared positions account for 100% of the total overlap.
What does EWA own that NFRA doesn't?
45 positions (95.2% of EWA) are unique to EWA, led by BHP, CBA and WBC. In the other direction, 182 positions (97.5% of NFRA) are unique to NFRA.