NFRA vs VSS: Holdings Overlap
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
How similar are NFRA and VSS?
FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 18 holdings in common, and by portfolio weight the two funds are 0.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 18NFRA holds 185 · VSS holds 4810
- Weight in Shared Holdings
- NFRA 1%·VSS 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
167 of 185 positions (98.3% of the fund) are not held by VSS. 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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(18)
The top 10 shared positions account for 85% of the overlap, led by SOBO, SES and PNN.
 SOBOSouth Bow Corp. | 0.12% | 0.19% | 0.12% |
|---|---|---|---|
 SESSecure Waste Infrastructure Corp. | 0.17% | 0.10% | 0.10% |
 PNNPennon Group plc | 0.16% | 0.09% | 0.09% |
 ENGEnagas SA | 0.06% | 0.12% | 0.06% |
 HTWSHelios Towers plc | 0.08% | 0.06% | 0.06% |
 VPKKoninklijke Vopak NV | 0.05% | 0.07% | 0.05% |
| Westports Holdings Bhd. | 0.08% | 0.04% | 0.04% |
 BFSABefesa SA | 0.06% | 0.04% | 0.04% |
 POSTOesterreichische Post AG | 0.06% | 0.03% | 0.03% |
 9793Daiseki Co. Ltd. | 0.06% | 0.03% | 0.03% |
| Daiei Kankyo Co. Ltd. | 0.05% | 0.02% | 0.02% |
| Cleanaway Co. Ltd. | 0.04% | 0.02% | 0.02% |
 CTTCTT-Correios de Portugal SA | 0.02% | 0.02% | 0.02% |
| Envision Greenwise Holdings Ltd. | 0.02% | 0.01% | 0.01% |
| Singapore Post Ltd. | 0.02% | 0.01% | 0.01% |
 9247TRE Holdings Corp. | 0.02% | 0.01% | 0.01% |
 PNLPostNL NV | 0.02% | 0.01% | 0.01% |
| Sunny Friend Environmental Technology Co. Ltd. | 0.01% | 0.00% | 0.00% |
Frequently Asked Questions
How much do NFRA and VSS overlap?
NFRA and VSS overlap by 0.7% of portfolio weight. They share 18 holdings (NFRA holds 185 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both NFRA and VSS?
The two portfolios are 0.7% 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 VSS?
The largest positions held by both funds are SOBO, SES, PNN, ENG and HTWS. Together the top 10 shared positions account for 85% of the total overlap.
What does NFRA own that VSS doesn't?
167 positions (98.3% of NFRA) are unique to NFRA, led by 9984, CP and DTE. In the other direction, 4792 positions (98.1% of VSS) are unique to VSS.