NFRA vs SCZ: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
SCZiShares MSCI EAFE Small-Cap ETF
iShares · 2044 holdings · $13.5B · as of 2026-04-30
How similar are NFRA and SCZ?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; iShares MSCI EAFE Small-Cap ETF (SCZ, by iShares) holds 2044. They have 26 holdings in common, and by portfolio weight the two funds are 2.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26NFRA holds 185 · SCZ holds 2044
- Weight in Shared Holdings
- NFRA 3%·SCZ 2%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
159 of 185 positions (96.3% of the fund) are not held by SCZ. 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% |
| SCZ | +4.1% | +13.5% | +20.2% | +16.6% | +5.9% | +8.6% | 3.07% |
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 SCZ →
Shared Holdings(26)
The top 10 shared positions account for 65% of the overlap, led by NXT, QUB and FHZN.
 NXTNEXTDC Ltd. | 0.18% | 0.21% | 0.18% |
|---|---|---|---|
 QUBQube Holdings Ltd. | 0.30% | 0.16% | 0.16% |
 FHZNFlughafen Zurich AG (Registered) | 0.25% | 0.16% | 0.16% |
 RHCRamsay Health Care Ltd. | 0.25% | 0.15% | 0.15% |
 AZJAurizon Holdings Ltd. | 0.23% | 0.14% | 0.14% |
 KDCREITKeppel DC REIT | 0.11% | 0.11% | 0.11% |
 CWYCleanaway Waste Management Ltd. | 0.16% | 0.10% | 0.10% |
 PNNPennon Group plc | 0.16% | 0.10% | 0.10% |
 ALXAtlas Arteria Ltd. | 0.16% | 0.10% | 0.10% |
 9142Kyushu Railway Co. | 0.17% | 0.09% | 0.09% |
 9001Tobu Railway Co. Ltd. | 0.16% | 0.09% | 0.09% |
 9007Odakyu Electric Railway Co. Ltd. | 0.15% | 0.09% | 0.09% |
 9009Keisei Electric Railway Co. Ltd. | 0.16% | 0.08% | 0.08% |
 9364Kamigumi Co. Ltd. | 0.14% | 0.07% | 0.07% |
 ENGEnagas SA | 0.06% | 0.12% | 0.06% |
 HTWSHelios Towers plc | 0.08% | 0.06% | 0.06% |
 VPKKoninklijke Vopak NV | 0.05% | 0.08% | 0.05% |
 BFSABefesa SA | 0.06% | 0.04% | 0.04% |
 POSTOesterreichische Post AG | 0.06% | 0.04% | 0.04% |
| Daiei Kankyo Co. Ltd. | 0.05% | 0.03% | 0.03% |
 9793Daiseki Co. Ltd. | 0.06% | 0.03% | 0.03% |
 CTTCTT-Correios de Portugal SA | 0.02% | 0.02% | 0.02% |
| Envision Greenwise Holdings Ltd. | 0.02% | 0.02% | 0.02% |
| Singapore Post Ltd. | 0.02% | 0.01% | 0.01% |
 9247TRE Holdings Corp. | 0.02% | 0.01% | 0.01% |
Frequently Asked Questions
How much do NFRA and SCZ overlap?
NFRA and SCZ overlap by 2.0% of portfolio weight. They share 26 holdings (NFRA holds 185 positions and SCZ holds 2044), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and SCZ?
The two portfolios are 2.0% 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 SCZ?
The largest positions held by both funds are NXT, QUB, FHZN, RHC and AZJ. Together the top 10 shared positions account for 65% of the total overlap.
What does NFRA own that SCZ doesn't?
159 positions (96.3% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 2018 positions (97.2% of SCZ) are unique to SCZ.