NFRA vs SCHC: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
SCHCSchwab International Small-Cap Equity ETF
Schwab · 2230 holdings · $5.5B · as of 2026-05-31
Holdings snapshots are 31 days apart (NFRA: 2026-04-30, SCHC: 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 NFRA and SCHC?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Schwab International Small-Cap Equity ETF (SCHC, by Schwab) holds 2230. They have 15 holdings in common, and by portfolio weight the two funds are 0.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15NFRA holds 185 · SCHC holds 2230
- Weight in Shared Holdings
- NFRA 1%·SCHC 1%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
170 of 185 positions (98.4% of the fund) are not held by SCHC. Showing the top 30 by weight.
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% |
| SCHC | +4.9% | +11.6% | +20.4% | +17.4% | +6.7% | +8.3% | 3.32% |
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 SCHC →
Shared Holdings(15)
The top 10 shared positions account for 90% of the overlap, led by PNN, SES and SOBO.
 PNNPennon Group plc | 0.16% | 0.12% | 0.12% |
|---|---|---|---|
 SESSecure Waste Infrastructure Corp. | 0.17% | 0.12% | 0.12% |
 SOBOSouth Bow Corp. | 0.12% | 0.28% | 0.12% |
 HTWSHelios Towers plc | 0.08% | 0.10% | 0.08% |
 ENGEnagas SA | 0.06% | 0.16% | 0.06% |
 BFSABefesa SA | 0.06% | 0.06% | 0.06% |
 VPKKoninklijke Vopak NV | 0.05% | 0.11% | 0.05% |
 POSTOesterreichische Post AG | 0.06% | 0.04% | 0.04% |
 9793Daiseki Co. Ltd. | 0.06% | 0.04% | 0.04% |
| Daiei Kankyo Co. Ltd. | 0.05% | 0.03% | 0.03% |
| Envision Greenwise Holdings Ltd. | 0.02% | 0.02% | 0.02% |
 CTTCTT-Correios de Portugal SA | 0.02% | 0.02% | 0.02% |
| Singapore Post Ltd. | 0.02% | 0.02% | 0.02% |
 PNLPostNL NV | 0.02% | 0.01% | 0.01% |
 9247TRE Holdings Corp. | 0.02% | 0.01% | 0.01% |
Frequently Asked Questions
How much do NFRA and SCHC overlap?
NFRA and SCHC overlap by 0.8% of portfolio weight. They share 15 holdings (NFRA holds 185 positions and SCHC holds 2230), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and SCHC?
The two portfolios are 0.8% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of NFRA and SCHC?
The largest positions held by both funds are PNN, SES, SOBO, HTWS and ENG. Together the top 10 shared positions account for 90% of the total overlap.
What does NFRA own that SCHC doesn't?
170 positions (98.4% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 2215 positions (98.1% of SCHC) are unique to SCHC.