NFRA vs VGK: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
VGKVanguard European Stock Index Fund
Vanguard · 1222 holdings · $30.9B · as of 2026-04-30
How similar are NFRA and VGK?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Vanguard European Stock Index Fund (VGK, by Vanguard) holds 1222. They have 32 holdings in common, and by portfolio weight the two funds are 5.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32NFRA holds 185 · VGK holds 1222
- Weight in Shared Holdings
- NFRA 22%·VGK 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
153 of 185 positions (77.0% of the fund) are not held by VGK. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | VGK |
|---|---|---|
| Industrials | 25.7% | 16.6% |
| Utilities | 24.9% | 4.3% |
| Communication Services | 23.2% | 2.6% |
| Financials | 0.0% | 21.4% |
| Health Care | 3.6% | 11.1% |
| Other Sectors | 13.7% | 29.8% |
| Unclassified | 8.4% | 13.7% |
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, 14% of VGK).
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% |
| VGK | +4.0% | +12.8% | +23.3% | +17.9% | +9.6% | +10.3% | 2.77% |
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 VGK →
Shared Holdings(32)
The top 10 shared positions account for 77% of the overlap, led by IBE, DTE and ENEL.
 IBEIberdrola SA | 2.23% | 0.99% | 0.99% |
|---|---|---|---|
 DTEDeutsche Telekom AG (Registered) | 3.22% | 0.71% | 0.71% |
 ENELEnel SpA | 1.39% | 0.58% | 0.58% |
 NG-National Grid plc | 1.43% | 0.57% | 0.57% |
 DHLDeutsche Post AG | 2.62% | 0.35% | 0.35% |
 EOANE.ON SE | 0.77% | 0.32% | 0.32% |
 RWERWE AG | 0.75% | 0.31% | 0.31% |
 SSESSE plc | 0.66% | 0.28% | 0.28% |
 VIEVeolia Environnement SA | 1.32% | 0.16% | 0.16% |
 SCMNSwisscom AG (Registered) | 0.61% | 0.14% | 0.14% |
 FREFresenius SE & Co. KGaA | 0.93% | 0.13% | 0.13% |
 KPNKoninklijke KPN NV | 0.59% | 0.13% | 0.13% |
 ENGIEngie SA | 0.95% | 0.13% | 0.13% |
 CLNXCellnex Telecom SA | 0.46% | 0.12% | 0.12% |
 AENAAena SME SA | 0.94% | 0.12% | 0.12% |
 BT-ABT Group plc | 0.53% | 0.11% | 0.11% |
 SRGSnam SpA | 0.26% | 0.10% | 0.10% |
 UU-United Utilities Group plc | 0.62% | 0.09% | 0.09% |
 SVTSevern Trent plc | 0.55% | 0.08% | 0.08% |
| Telecom Italia SpA/Milano | 0.25% | 0.06% | 0.06% |
 GETGetlink SE | 0.32% | 0.04% | 0.04% |
 TIAJFTelecom Italia SpA | 0.15% | 0.04% | 0.04% |
 FHZNFlughafen Zurich AG (Registered) | 0.25% | 0.03% | 0.03% |
 ENGEnagas SA | 0.06% | 0.03% | 0.03% |
 PNNPennon Group plc | 0.16% | 0.02% | 0.02% |
Frequently Asked Questions
How much do NFRA and VGK overlap?
NFRA and VGK overlap by 5.7% of portfolio weight. They share 32 holdings (NFRA holds 185 positions and VGK holds 1222), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and VGK?
The two portfolios are 5.7% 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 VGK?
The largest positions held by both funds are IBE, DTE, ENEL, NG- and DHL. Together the top 10 shared positions account for 77% of the total overlap.
What does NFRA own that VGK doesn't?
153 positions (77.0% of NFRA) are unique to NFRA, led by 9984, CP and CNI. In the other direction, 1190 positions (93.7% of VGK) are unique to VGK.