EZU vs NFRA: Holdings Overlap
iShares · 226 holdings · $9.8B · 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 (EZU: 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 EZU and NFRA?
iShares MSCI Eurozone ETF (EZU, by iShares) holds 226 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 16 holdings in common, and by portfolio weight the two funds are 9.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16EZU holds 226 · NFRA holds 185
- Weight in Shared Holdings
- EZU 10%·NFRA 17%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 EZU
210 of 226 positions (90.2% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | EZU | NFRA |
|---|---|---|
| Industrials | 19.2% | 25.7% |
| Utilities | 6.4% | 24.9% |
| Financials | 23.5% | 0.0% |
| Communication Services | 3.7% | 23.2% |
| Information Technology | 15.4% | 0.9% |
| Other Sectors | 26.2% | 16.4% |
| Unclassified | 5.4% | 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 EZU, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EZU | +4.0% | +13.7% | +23.6% | +19.3% | +10.3% | +10.8% | 2.57% |
| 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 EZU vs NFRA →
Shared Holdings(16)
The top 10 shared positions account for 88% of the overlap, led by IBE, DTE and ENEL.
 IBEIberdrola, S.A. EUR0.75 | 1.88% | 2.23% | 1.88% |
|---|---|---|---|
 DTEDeutsche Telekom AG (Registered) | 1.59% | 3.22% | 1.59% |
 ENELEnel S.p.A. EUR1 | 1.18% | 1.39% | 1.18% |
 ENGIEngie SA EUR1 | 0.73% | 0.95% | 0.73% |
 DHLDeutsche Post AG | 0.71% | 2.62% | 0.71% |
 EOANE ON SE | 0.61% | 0.77% | 0.61% |
 RWERWE AG | 0.52% | 0.75% | 0.52% |
 NBISNebius Group N.V., Class A | 0.64% | 0.40% | 0.40% |
 VIEVeolia Environnement SA | 0.33% | 1.32% | 0.33% |
 AENAAena SME SA | 0.28% | 0.94% | 0.28% |
 KPNKoninklijke KPN NV | 0.26% | 0.59% | 0.26% |
 FREFresenius SE & Co. KGaA | 0.23% | 0.93% | 0.23% |
 CLNXCellnex Telecom SA | 0.21% | 0.46% | 0.21% |
| Telecom Italia SpA/Milano | 0.19% | 0.25% | 0.19% |
 SRGSnam SpA | 0.19% | 0.26% | 0.19% |
 GETGetlink SE | 0.09% | 0.32% | 0.09% |
Frequently Asked Questions
How much do EZU and NFRA overlap?
EZU and NFRA overlap by 9.4% of portfolio weight. They share 16 holdings (EZU holds 226 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EZU and NFRA?
The two portfolios are 9.4% 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 EZU and NFRA?
The largest positions held by both funds are IBE, DTE, ENEL, ENGI and DHL. Together the top 10 shared positions account for 88% of the total overlap.
What does EZU own that NFRA doesn't?
210 positions (90.2% of EZU) are unique to EZU, led by ASML, SIE and SAP. In the other direction, 169 positions (82.0% of NFRA) are unique to NFRA.