NFRA vs SCHF: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
SCHFSchwab International Equity ETF
Schwab · 1476 holdings · $67.5B · as of 2026-05-31
Holdings snapshots are 31 days apart (NFRA: 2026-04-30, SCHF: 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 SCHF?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Schwab International Equity ETF (SCHF, by Schwab) holds 1476. They have 57 holdings in common, and by portfolio weight the two funds are 5.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 57NFRA holds 185 · SCHF holds 1476
- Weight in Shared Holdings
- NFRA 49%·SCHF 6%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
128 of 185 positions (50.0% of the fund) are not held by SCHF. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | SCHF |
|---|---|---|
| Industrials | 25.7% | 14.5% |
| Utilities | 24.9% | 2.8% |
| Communication Services | 23.2% | 2.9% |
| Financials | 0.0% | 21.7% |
| Information Technology | 0.9% | 15.5% |
| Other Sectors | 16.4% | 30.4% |
| Unclassified | 8.4% | 11.5% |
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, 12% of SCHF).
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% |
| SCHF | +2.7% | +18.1% | +30.6% | +20.0% | +10.5% | +10.4% | 2.99% |
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 SCHF →
Shared Holdings(57)
The top 10 shared positions account for 58% of the overlap, led by 9984, IBE and ENB.
 9984SoftBank Group Corp. | 3.76% | 0.62% | 0.62% |
|---|---|---|---|
 IBEIberdrola SA | 2.23% | 0.50% | 0.50% |
 ENBEnbridge, Inc. | 1.86% | 0.40% | 0.40% |
 DTEDeutsche Telekom AG (Registered) | 3.22% | 0.39% | 0.39% |
 ENELEnel SpA | 1.39% | 0.29% | 0.29% |
 CPCanadian Pacific Kansas City Ltd. | 3.64% | 0.27% | 0.27% |
 NG-National Grid plc | 1.43% | 0.27% | 0.27% |
 TRPTC Energy Corp. | 1.08% | 0.23% | 0.23% |
 CNICanadian National Railway Co. | 2.94% | 0.22% | 0.22% |
 ENGIEngie SA | 0.95% | 0.19% | 0.19% |
 DHLDeutsche Post AG | 2.62% | 0.18% | 0.18% |
 9433KDDI Corp. | 1.35% | 0.16% | 0.16% |
 EOANE.ON SE | 0.77% | 0.16% | 0.16% |
 RWERWE AG | 0.75% | 0.14% | 0.14% |
 WCNWaste Connections, Inc. | 1.96% | 0.13% | 0.13% |
 SSESSE plc | 0.66% | 0.13% | 0.13% |
 TCLTransurban Group | 1.47% | 0.11% | 0.11% |
 PBAPembina Pipeline Corp. | 0.42% | 0.09% | 0.09% |
 9432NTT, Inc. | 1.43% | 0.09% | 0.09% |
 VIEVeolia Environnement SA | 1.32% | 0.08% | 0.08% |
 9020East Japan Railway Co. | 1.15% | 0.07% | 0.07% |
 SCMNSwisscom AG (Registered) | 0.61% | 0.07% | 0.07% |
 AENAAena SME SA | 0.94% | 0.07% | 0.07% |
 KPNKoninklijke KPN NV | 0.59% | 0.06% | 0.06% |
 CLNXCellnex Telecom SA | 0.46% | 0.06% | 0.06% |
Frequently Asked Questions
How much do NFRA and SCHF overlap?
NFRA and SCHF overlap by 5.9% of portfolio weight. They share 57 holdings (NFRA holds 185 positions and SCHF holds 1476), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and SCHF?
The two portfolios are 5.9% 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 SCHF?
The largest positions held by both funds are 9984, IBE, ENB, DTE and ENEL. Together the top 10 shared positions account for 58% of the total overlap.
What does NFRA own that SCHF doesn't?
128 positions (50.0% of NFRA) are unique to NFRA, led by NEE, VZ and T. In the other direction, 1419 positions (93.5% of SCHF) are unique to SCHF.