IFRA vs USMV: Holdings Overlap
IFRAiShares U.S. Infrastructure ETF
iShares · 162 holdings · $4.6B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (IFRA: 2026-03-31, USMV: 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 IFRA and USMV?
iShares U.S. Infrastructure ETF (IFRA, by iShares) holds 162 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 16 holdings in common, and by portfolio weight the two funds are 7.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16IFRA holds 162 · USMV holds 170
- Weight in Shared Holdings
- IFRA 24%·USMV 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 IFRA
146 of 162 positions (75.7% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | IFRA | USMV |
|---|---|---|
| Utilities | 41.4% | 7.6% |
| Industrials | 35.2% | 6.9% |
| Information Technology | 0.0% | 29.2% |
| Financials | 0.0% | 13.7% |
| Materials | 13.6% | 2.2% |
| Other Sectors | 8.8% | 40.1% |
| Unclassified | 0.9% | 0.0% |
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 IFRA, 0% of USMV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IFRA | -1.1% | +17.1% | +22.3% | +17.8% | +13.3% | — | 1.59% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 IFRA vs USMV →
Shared Holdings(16)
The top 10 shared positions account for 95% of the overlap, led by DUK, SO and ED.
 DUKDuke Energy Corp COM NEW | 2.75% | 1.55% | 1.55% |
|---|---|---|---|
 SOSouthern Co. (The) | 2.92% | 1.53% | 1.53% |
 EDConsolidated Edison, Inc. COM | 1.10% | 1.34% | 1.10% |
 WECWEC Energy Group Inc. COM | 1.02% | 0.91% | 0.91% |
 AEPAmerican Electric Power Co, Inc. COM | 1.91% | 0.55% | 0.55% |
 XELXcel Energy Inc COM | 1.34% | 0.54% | 0.54% |
 WMBWilliams Companies Inc. (The) COM | 2.39% | 0.49% | 0.49% |
 AEEAmeren Corp. COM | 0.82% | 0.30% | 0.30% |
 DDominion Energy Inc COM | 1.47% | 0.25% | 0.25% |
 CMSCMS Energy Corporation COM | 0.64% | 0.22% | 0.22% |
 NEENextEra Energy Inc COM | 4.12% | 0.13% | 0.13% |
 ATOAtmos Energy Corp. COM | 0.82% | 0.07% | 0.07% |
 DTEDTE Energy Co. COM | 0.82% | 0.06% | 0.06% |
 PPLPPL Corporation COM | 0.78% | 0.05% | 0.05% |
 LNTAlliant Energy Corporation COM | 0.50% | 0.05% | 0.05% |
 AWKAmerican Water Works Company, Inc. COM | 0.72% | 0.05% | 0.05% |
Frequently Asked Questions
How much do IFRA and USMV overlap?
IFRA and USMV overlap by 7.8% of portfolio weight. They share 16 holdings (IFRA holds 162 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IFRA and USMV?
The two portfolios are 7.8% 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 IFRA and USMV?
The largest positions held by both funds are DUK, SO, ED, WEC and AEP. Together the top 10 shared positions account for 95% of the total overlap.
What does IFRA own that USMV doesn't?
146 positions (75.7% of IFRA) are unique to IFRA, led by CAT, UNP and PWR. In the other direction, 154 positions (91.6% of USMV) are unique to USMV.