NFRA vs EFAV: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
EFAViShares MSCI EAFE Min Vol Factor ETF
iShares · 256 holdings · $5.4B · as of 2026-04-30
How similar are NFRA and EFAV?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; iShares MSCI EAFE Min Vol Factor ETF (EFAV, by iShares) holds 256. They have 21 holdings in common, and by portfolio weight the two funds are 10.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21NFRA holds 185 · EFAV holds 256
- Weight in Shared Holdings
- NFRA 21%·EFAV 13%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 NFRA
164 of 185 positions (78.0% of the fund) are not held by EFAV. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | EFAV |
|---|---|---|
| Industrials | 25.7% | 13.2% |
| Utilities | 24.9% | 8.1% |
| Communication Services | 23.2% | 8.5% |
| Financials | 0.0% | 18.9% |
| Consumer Staples | 0.0% | 11.7% |
| Other Sectors | 17.3% | 29.8% |
| Unclassified | 8.4% | 9.1% |
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 (8% of NFRA, 9% of EFAV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
| EFAV | +5.0% | +11.3% | +15.7% | +15.3% | +7.1% | +6.6% | 3.03% |
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 NFRA vs EFAV →
Shared Holdings(21)
The top 10 shared positions account for 72% of the overlap, led by IBE, 9433 and 9020.
 IBEIberdrola SA | 2.23% | 1.51% | 1.51% |
|---|---|---|---|
 9433KDDI Corp. | 1.35% | 0.97% | 0.97% |
 9020East Japan Railway Co. | 1.15% | 0.91% | 0.91% |
 TCLTransurban Group | 1.47% | 0.77% | 0.77% |
 9022Central Japan Railway Co. | 1.08% | 0.72% | 0.72% |
 9432NTT Inc. NPV | 1.43% | 0.65% | 0.65% |
 DTEDeutsche Telekom AG (Registered) | 3.22% | 0.62% | 0.62% |
 SCMNSwisscom AG (Registered) | 0.61% | 1.41% | 0.61% |
 KPNKoninklijke KPN NV | 0.59% | 0.86% | 0.59% |
 NG-National Grid plc | 1.43% | 0.54% | 0.54% |
 AENAAena SME SA | 0.94% | 0.51% | 0.51% |
 EOANE.ON SE | 0.77% | 0.48% | 0.48% |
 ENELEnel SpA | 1.39% | 0.37% | 0.37% |
 66MTR Corp. Ltd. | 0.32% | 0.40% | 0.32% |
 9021West Japan Railway Co. | 0.38% | 0.31% | 0.31% |
 SRGSnam SpA | 0.26% | 0.57% | 0.26% |
 AIAAuckland International Airport Ltd. | 0.39% | 0.19% | 0.19% |
 FREFresenius SE & Co. KGaA | 0.93% | 0.18% | 0.18% |
 6823HKT Trust & HKT Ltd. | 0.17% | 0.57% | 0.17% |
 GETGetlink SE | 0.32% | 0.15% | 0.15% |
 ENGIEngie SA | 0.95% | 0.08% | 0.08% |
Frequently Asked Questions
How much do NFRA and EFAV overlap?
NFRA and EFAV overlap by 10.9% of portfolio weight. They share 21 holdings (NFRA holds 185 positions and EFAV holds 256), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and EFAV?
The two portfolios are 10.9% 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 NFRA and EFAV?
The largest positions held by both funds are IBE, 9433, 9020, TCL and 9022. Together the top 10 shared positions account for 72% of the total overlap.
What does NFRA own that EFAV doesn't?
164 positions (78.0% of NFRA) are unique to NFRA, led by 9984, CP and CNI. In the other direction, 235 positions (86.5% of EFAV) are unique to EFAV.