IFRA vs VAW: Holdings Overlap
IFRAiShares U.S. Infrastructure ETF
iShares · 162 holdings · $4.6B · as of 2026-03-31
VAWVanguard Materials Index Fund
Vanguard · 110 holdings · $3.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (IFRA: 2026-03-31, VAW: 2026-05-31). 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 VAW?
iShares U.S. Infrastructure ETF (IFRA, by iShares) holds 162 positions; Vanguard Materials Index Fund (VAW, by Vanguard) holds 110. They have 32 holdings in common, and by portfolio weight the two funds are 13.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32IFRA holds 162 · VAW holds 110
- Weight in Shared Holdings
- IFRA 14%·VAW 24%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
130 of 162 positions (86.3% of the fund) are not held by VAW. Showing the top 30 by weight.
Only in VAW
78 of 110 positions (76.0% of the fund) are not held by IFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IFRA | VAW |
|---|---|---|
| Materials | 13.6% | 99.5% |
| Utilities | 41.4% | 0.0% |
| Industrials | 35.2% | 0.0% |
| Energy | 8.5% | 0.3% |
| Consumer Discretionary | 0.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 VAW).
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% |
| VAW | +3.2% | +14.7% | +20.8% | +10.3% | +7.0% | +10.1% | 1.34% |
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 VAW →
Shared Holdings(32)
The top 10 shared positions account for 85% of the overlap, led by CRH, NUE and VMC.
 CRHCRH plc | 2.94% | 4.68% | 2.94% |
|---|---|---|---|
 NUENucor Corporation COM | 1.61% | 3.67% | 1.61% |
 VMCVulcan Materials Company COM | 1.49% | 2.40% | 1.49% |
 MLMMartin Marietta Materials Inc COM | 1.48% | 2.25% | 1.48% |
 AMRZAmrize Ltd. | 1.16% | 1.74% | 1.16% |
 STLDSteel Dynamics, Inc. COM | 1.02% | 2.32% | 1.02% |
 RSReliance Inc COM | 0.66% | 1.28% | 0.66% |
 SOLSSolstice Advanced Materials Inc. COM SHS | 0.51% | 0.86% | 0.51% |
 EMNEastman Chemical Company COM | 0.36% | 0.56% | 0.36% |
 CMCCommercial Metals Company COM | 0.28% | 0.54% | 0.28% |
 EXPEagle Materials Inc. COM | 0.25% | 0.46% | 0.25% |
 LPXLouisiana Pacific Corporation COM | 0.21% | 0.31% | 0.21% |
 CLFCleveland-Cliffs Inc COM | 0.20% | 0.50% | 0.20% |
 KNFKnife River Corp. COMMON STOCK | 0.19% | 0.29% | 0.19% |
 WLKWestlake Corporation COMMON STOCK | 0.16% | 0.21% | 0.16% |
 CENXCentury Aluminum Company COM | 0.16% | 0.24% | 0.16% |
 OLNOlin Corporation COM PAR $1 | 0.14% | 0.19% | 0.14% |
 HWKNHawkins Inc COM | 0.12% | 0.20% | 0.12% |
 NGVTIngevity Corporation COM | 0.10% | 0.16% | 0.10% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.08% | 0.19% | 0.08% |
 USLMUnited States Lime & Minerals Inc. COM | 0.06% | 0.08% | 0.06% |
 ECVTEcovyst Inc COM | 0.06% | 0.10% | 0.06% |
 UAMYUnited States Antimony Corp COM | 0.04% | 0.07% | 0.04% |
 WSWorthington Steel Inc. COM SHS | 0.04% | 0.09% | 0.04% |
 RYZRyerson Holding Corporation COM | 0.04% | 0.09% | 0.04% |
Frequently Asked Questions
How much do IFRA and VAW overlap?
IFRA and VAW overlap by 13.6% of portfolio weight. They share 32 holdings (IFRA holds 162 positions and VAW holds 110), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IFRA and VAW?
The two portfolios are 13.6% 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 VAW?
The largest positions held by both funds are CRH, NUE, VMC, MLM and AMRZ. Together the top 10 shared positions account for 85% of the total overlap.
What does IFRA own that VAW doesn't?
130 positions (86.3% of IFRA) are unique to IFRA, led by CAT, NEE and UNP. In the other direction, 78 positions (76.0% of VAW) are unique to VAW.