NFRA vs IGF: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
IGFiShares Global Infrastructure ETF
iShares · 88 holdings · $11.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (NFRA: 2026-04-30, IGF: 2026-03-31). 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 NFRA and IGF?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; iShares Global Infrastructure ETF (IGF, by iShares) holds 88. They have 41 holdings in common, and by portfolio weight the two funds are 31.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 31.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41NFRA holds 185 · IGF holds 88
- Weight in Shared Holdings
- NFRA 32%·IGF 80%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
144 of 185 positions (67.6% of the fund) are not held by IGF. Showing the top 30 by weight.
Only in IGF
47 of 88 positions (20.2% of the fund) are not held by NFRA. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | IGF |
|---|---|---|
| Utilities | 24.9% | 39.3% |
| Industrials | 25.7% | 18.2% |
| Communication Services | 23.2% | 0.0% |
| Energy | 8.5% | 20.7% |
| Real Estate | 4.3% | 0.1% |
| Other Sectors | 4.5% | 0.0% |
| Unclassified | 8.4% | 21.4% |
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 (8% of NFRA, 21% of IGF).
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% |
| IGF | -1.8% | +9.0% | +12.6% | +16.5% | +10.6% | +8.0% | 2.93% |
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 IGF →
Shared Holdings(41)
The top 10 shared positions account for 52% of the overlap, led by NEE, IBE and ENB.
 NEENextEra Energy Inc COM | 2.69% | 5.27% | 2.69% |
|---|---|---|---|
 IBEIberdrola, S.A. EUR0.75 | 2.23% | 3.93% | 2.23% |
 ENBEnbridge Inc. COM | 1.86% | 4.24% | 1.86% |
 TCLTransurban Group | 1.47% | 4.72% | 1.47% |
 NG-National Grid PLC ORD GBP0.12431289 | 1.43% | 2.30% | 1.43% |
 CEGConstellation Energy Corp. COM | 1.40% | 2.21% | 1.40% |
 SOSouthern Co. (The) | 1.40% | 2.90% | 1.40% |
 ENELEnel S.p.A. EUR1 | 1.39% | 2.33% | 1.39% |
 DUKDuke Energy Corp COM NEW | 1.33% | 2.80% | 1.33% |
 WMBWilliams Companies Inc. (The) COM | 1.23% | 3.14% | 1.23% |
 TRPTC Energy Corp COM | 1.08% | 2.37% | 1.08% |
 AEPAmerican Electric Power Co, Inc. COM | 0.98% | 1.98% | 0.98% |
 ENGIEngie SA EUR1 | 0.95% | 1.51% | 0.95% |
 AENAAena SME SA | 0.94% | 4.81% | 0.94% |
 KMIKinder Morgan, Inc. COM | 0.84% | 2.37% | 0.84% |
 SRESempra COM | 0.82% | 1.71% | 0.82% |
 LNGCheniere Energy Inc COM NEW | 0.77% | 2.39% | 0.77% |
 EOANE.ON SE | 0.77% | 1.29% | 0.77% |
 OKEOneok Inc. COM | 0.76% | 2.23% | 0.76% |
 TRGPTarga Resources Corp. COM | 0.73% | 2.02% | 0.73% |
 DDominion Energy Inc COM | 0.73% | 1.44% | 0.73% |
 ETREntergy Corporation COM | 0.70% | 1.36% | 0.70% |
 VSTVistra Corp. COMMON STOCK | 0.66% | 1.17% | 0.66% |
 XELXcel Energy Inc COM | 0.65% | 1.28% | 0.65% |
 EXCExelon Corp. COM | 0.62% | 1.36% | 0.62% |
Frequently Asked Questions
How much do NFRA and IGF overlap?
NFRA and IGF overlap by 31.8% of portfolio weight. They share 41 holdings (NFRA holds 185 positions and IGF holds 88), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and IGF?
The two portfolios are 31.8% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of NFRA and IGF?
The largest positions held by both funds are NEE, IBE, ENB, TCL and NG-. Together the top 10 shared positions account for 52% of the total overlap.
What does NFRA own that IGF doesn't?
144 positions (67.6% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 47 positions (20.2% of IGF) are unique to IGF.