NFRA vs IXP: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
IXPiShares Global Comm Services ETF
iShares · 81 holdings · $577M · as of 2026-03-31
Holdings snapshots are 30 days apart (NFRA: 2026-04-30, IXP: 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 IXP?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; iShares Global Comm Services ETF (IXP, by iShares) holds 81. They have 17 holdings in common, and by portfolio weight the two funds are 19.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 17NFRA holds 185 · IXP holds 81
- Weight in Shared Holdings
- NFRA 21%·IXP 29%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
168 of 185 positions (78.3% of the fund) are not held by IXP. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | IXP |
|---|---|---|
| Communication Services | 23.2% | 99.8% |
| Industrials | 25.7% | 0.0% |
| Utilities | 24.9% | 0.0% |
| Energy | 8.5% | 0.0% |
| Real Estate | 4.3% | 0.0% |
| Other Sectors | 4.5% | 0.0% |
| Unclassified | 8.4% | 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 (8% of NFRA, 0% of IXP).
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% |
| IXP | +1.2% | -2.0% | +6.3% | +20.8% | +8.3% | +8.8% | 3.33% |
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 IXP →
Shared Holdings(17)
The top 10 shared positions account for 88% of the overlap, led by DTE, VZ and 9984.
 DTEDeutsche Telekom AG (Registered) | 3.22% | 3.61% | 3.22% |
|---|---|---|---|
 VZVerizon Communications Inc. COM | 2.67% | 4.67% | 2.67% |
 9984Softbank Group Corp. NPV | 3.76% | 2.66% | 2.66% |
 TAT&T Inc COM | 2.40% | 5.04% | 2.40% |
 9432NTT Inc. NPV | 1.43% | 1.48% | 1.43% |
 9433KDDI Corp NPV | 1.35% | 1.35% | 1.35% |
 TMUST-Mobile US Inc COM | 1.34% | 2.81% | 1.34% |
 CMCSAComcast Corporation CL A | 1.27% | 2.91% | 1.27% |
 BCEBCE Inc. COM NEW | 0.62% | 0.66% | 0.62% |
 SCMNSwisscom AG (Registered) | 0.61% | 0.60% | 0.60% |
 KPNKoninklijke KPN N.V. EUR0.04 | 0.59% | 0.60% | 0.59% |
 CLNXCellnex Telecom SA | 0.46% | 0.51% | 0.46% |
 BT-ABT Group PLC ORD GBP0.05 | 0.53% | 0.45% | 0.45% |
 ECHOEchoStar Corp., Class A | 0.24% | 0.45% | 0.24% |
| Telecom Italia SpA/Milano | 0.25% | 0.23% | 0.23% |
 CHTRCharter Communications, Inc., Class A | 0.18% | 0.52% | 0.18% |
 TIAJFTelecom Italia SpA | 0.15% | 0.14% | 0.14% |
Frequently Asked Questions
How much do NFRA and IXP overlap?
NFRA and IXP overlap by 19.9% of portfolio weight. They share 17 holdings (NFRA holds 185 positions and IXP holds 81), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and IXP?
The two portfolios are 19.9% 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 IXP?
The largest positions held by both funds are DTE, VZ, 9984, T and 9432. Together the top 10 shared positions account for 88% of the total overlap.
What does NFRA own that IXP doesn't?
168 positions (78.3% of NFRA) are unique to NFRA, led by CP, CNI and NEE. In the other direction, 64 positions (71.2% of IXP) are unique to IXP.