NFRA vs EFV: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
EFViShares MSCI EAFE Value ETF
iShares · 419 holdings · $29.6B · as of 2026-04-30
How similar are NFRA and EFV?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; iShares MSCI EAFE Value ETF (EFV, by iShares) holds 419. They have 28 holdings in common, and by portfolio weight the two funds are 8.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28NFRA holds 185 · EFV holds 419
- Weight in Shared Holdings
- NFRA 28%·EFV 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 NFRA
157 of 185 positions (71.3% of the fund) are not held by EFV. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | EFV |
|---|---|---|
| Financials | 0.0% | 35.7% |
| Industrials | 25.7% | 9.3% |
| Utilities | 24.9% | 6.3% |
| Communication Services | 23.2% | 4.1% |
| Energy | 8.5% | 7.3% |
| Other Sectors | 8.8% | 31.6% |
| Unclassified | 8.4% | 4.9% |
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, 5% of EFV).
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% |
| EFV | +5.3% | +18.3% | +32.4% | +23.4% | +14.6% | +10.7% | 4.44% |
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 NFRA vs EFV →
Shared Holdings(28)
The top 10 shared positions account for 74% of the overlap, led by IBE, ENEL and NG-.
 IBEIberdrola SA | 2.23% | 1.32% | 1.32% |
|---|---|---|---|
 ENELEnel SpA | 1.39% | 0.83% | 0.83% |
 NG-National Grid plc | 1.43% | 0.78% | 0.78% |
 DTEDeutsche Telekom AG (Registered) | 3.22% | 0.68% | 0.68% |
 ENGIEngie SA | 0.95% | 0.53% | 0.53% |
 DHLDeutsche Post AG | 2.62% | 0.48% | 0.48% |
 9433KDDI Corp. | 1.35% | 0.42% | 0.42% |
 RWERWE AG | 0.75% | 0.40% | 0.40% |
 9984SoftBank Group Corp. | 3.76% | 0.39% | 0.39% |
 SSESSE plc | 0.66% | 0.38% | 0.38% |
 9432NTT Inc. NPV | 1.43% | 0.25% | 0.25% |
 VIEVeolia Environnement SA | 1.32% | 0.23% | 0.23% |
 SCMNSwisscom AG (Registered) | 0.61% | 0.19% | 0.19% |
 KPNKoninklijke KPN NV | 0.59% | 0.18% | 0.18% |
 FREFresenius SE & Co. KGaA | 0.93% | 0.18% | 0.18% |
 STOSantos Ltd. | 0.29% | 0.16% | 0.16% |
 BT-ABT Group plc | 0.53% | 0.15% | 0.15% |
 SRGSnam SpA | 0.26% | 0.14% | 0.14% |
 SVTSevern Trent plc | 0.55% | 0.11% | 0.11% |
 APAAPA Group | 0.14% | 0.09% | 0.09% |
| Telecom Italia SpA/Milano | 0.25% | 0.08% | 0.08% |
 AIAAuckland International Airport Ltd. | 0.39% | 0.07% | 0.07% |
 9021West Japan Railway Co. | 0.38% | 0.07% | 0.07% |
 66MTR Corp. Ltd. | 0.32% | 0.06% | 0.06% |
 9022Central Japan Railway Co. | 1.08% | 0.06% | 0.06% |
Frequently Asked Questions
How much do NFRA and EFV overlap?
NFRA and EFV overlap by 8.3% of portfolio weight. They share 28 holdings (NFRA holds 185 positions and EFV holds 419), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and EFV?
The two portfolios are 8.3% 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 EFV?
The largest positions held by both funds are IBE, ENEL, NG-, DTE and ENGI. Together the top 10 shared positions account for 74% of the total overlap.
What does NFRA own that EFV doesn't?
157 positions (71.3% of NFRA) are unique to NFRA, led by CP, CNI and NEE. In the other direction, 391 positions (90.8% of EFV) are unique to EFV.