NFRA vs VNQI: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
VNQIVanguard Global Ex-u.s. Real Estate Index Fund
Vanguard · 710 holdings · $3.6B · as of 2026-04-30
How similar are NFRA and VNQI?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Vanguard Global Ex-u.s. Real Estate Index Fund (VNQI, by Vanguard) holds 710. They have 1 holdings in common, and by portfolio weight the two funds are 0.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1NFRA holds 185 · VNQI holds 710
- Weight in Shared Holdings
- NFRA 0%·VNQI 0%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
184 of 185 positions (99.3% of the fund) are not held by VNQI. Showing the top 30 by weight.
Sector Breakdown
| Sector | NFRA | VNQI |
|---|---|---|
| Real Estate | 4.3% | 64.7% |
| Industrials | 25.7% | 0.0% |
| Utilities | 24.9% | 0.0% |
| Communication Services | 23.2% | 0.0% |
| Energy | 8.5% | 0.0% |
| Other Sectors | 4.5% | 0.0% |
| Unclassified | 8.4% | 34.3% |
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, 35% of VNQI).
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% |
| VNQI | +1.6% | +0.8% | +3.4% | +8.5% | -0.7% | +2.2% | 4.66% |
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 VNQI →
Shared Holdings(1)
 KDCREITKeppel DC REIT | 0.11% | 0.34% | 0.11% |
|---|
Frequently Asked Questions
How much do NFRA and VNQI overlap?
NFRA and VNQI overlap by 0.1% of portfolio weight. They share 1 holdings (NFRA holds 185 positions and VNQI holds 710), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and VNQI?
The two portfolios are 0.1% 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 VNQI?
The largest positions held by both funds are KDCREIT. Together the top 1 shared positions account for 96% of the total overlap.
What does NFRA own that VNQI doesn't?
184 positions (99.3% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 709 positions (98.7% of VNQI) are unique to VNQI.