EXI vs NFRA: Holdings Overlap
EXIiShares Global Industrials ETF
iShares · 225 holdings · $1.5B · as of 2026-03-31
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
Holdings snapshots are 30 days apart (EXI: 2026-03-31, 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 EXI and NFRA?
iShares Global Industrials ETF (EXI, by iShares) holds 225 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 15 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15EXI holds 225 · NFRA holds 185
- Weight in Shared Holdings
- EXI 8%·NFRA 22%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 EXI
210 of 225 positions (91.5% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EXI | NFRA |
|---|---|---|
| Industrials | 98.9% | 25.7% |
| Utilities | 0.0% | 24.9% |
| Communication Services | 0.0% | 23.2% |
| Energy | 0.0% | 8.5% |
| Real Estate | 0.3% | 4.3% |
| Other Sectors | 0.3% | 4.5% |
| Unclassified | 0.0% | 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 (0% of EXI, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EXI | +3.1% | +17.8% | +23.5% | +20.6% | +12.7% | +12.8% | 1.03% |
| 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 EXI vs NFRA →
Shared Holdings(15)
The top 10 shared positions account for 88% of the overlap, led by UNP, WM and CSX.
 UNPUnion Pacific Corporation COM | 1.56% | 2.11% | 1.56% |
|---|---|---|---|
 WMWaste Management, Inc. COM | 0.92% | 1.15% | 0.92% |
 CSXCSX Corporation COM | 0.83% | 1.12% | 0.83% |
 CPCanadian Pacific Kansas City Ltd. | 0.76% | 3.64% | 0.76% |
 NSCNorfolk Southern Corporation COM | 0.70% | 0.94% | 0.70% |
 CNICanadian National Railway Company COM | 0.61% | 2.94% | 0.61% |
 DHLDeutsche Post AG | 0.52% | 2.62% | 0.52% |
 RSGRepublic Services, Inc., Class A | 0.48% | 0.55% | 0.48% |
 WCNWaste Connections, Inc. | 0.45% | 1.96% | 0.45% |
 TCLTransurban Group | 0.33% | 1.47% | 0.33% |
 9020East Japan Railway Co. NPV | 0.28% | 1.15% | 0.28% |
 9022Central Japan Railway Co. NPV | 0.27% | 1.08% | 0.27% |
 AENAAena SME S.A. EUR10 | 0.23% | 0.94% | 0.23% |
 9021West Japan Railway Co. NPV | 0.10% | 0.38% | 0.10% |
 GETGetlink SE | 0.07% | 0.32% | 0.07% |
Frequently Asked Questions
How much do EXI and NFRA overlap?
EXI and NFRA overlap by 8.1% of portfolio weight. They share 15 holdings (EXI holds 225 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EXI and NFRA?
The two portfolios are 8.1% 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 EXI and NFRA?
The largest positions held by both funds are UNP, WM, CSX, CP and NSC. Together the top 10 shared positions account for 88% of the total overlap.
What does EXI own that NFRA doesn't?
210 positions (91.5% of EXI) are unique to EXI, led by CAT, GE and RTX. In the other direction, 170 positions (77.0% of NFRA) are unique to NFRA.