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EMIF vs IFRA

iShares Emerging Markets Infrastructure ETF

EMIFDNasdaq

iShares U.S. Infrastructure ETF

IFRAACboe

Overlap

Expense ratio

IFRA −0.30pt a year

EMIF0.60%IFRA0.30%

Avg volume · 30D

IFRA 182.9×the volume

EMIF2.17KIFRA398K

5Y return · a year

IFRA +6.5pt

EMIF+5.6%IFRA+12.1%

EMIF vs IFRA Performance

Nov 2, 2021 – Nov 2, 2026

+31.5%EMIF+76.8%IFRA

Nov 2, 2021 to Nov 2, 2026. EMIF +31.5%. IFRA +76.8%. Use the arrow keys to read each point.−20%0%60%Nov 2021May 2024Nov 2026
Expense ratio
EMIF 0.60%
IFRA 0.30%, better
Fund size
EMIF $13M
IFRA $4.07B
1Y total return
EMIF +5.8%
IFRA +13.4%, better
Yield (12M)
EMIF 4.20%, better
IFRA 1.73%
Holdings
EMIF 43
IFRA 165
Avg volume (30D)
EMIF 2.17K sh
IFRA 398K sh, better
NAV per share
EMIF $26.06
IFRA $58.33
52W range

ETF.net Grade

EMIF: Cost 39, Risk 34, Mission not scored, Tradability 23, Holdings 26, Durability 60. IFRA: Cost 100, Risk 55, Mission 83, Tradability 95, Holdings 82, Durability 81.
Pillar letters and Scores for EMIF, IFRA, with each pillar’s weight
PillarEMIFIFRA
Cost30% weightD39A100Higher
Mission25% weightNot scoredA83
Risk15% weightD34B55Higher
Tradability15% weightF23A95Higher
Holdings10% weightD26A82Higher
Durability5% weightB60A81Higher

Rank among Infrastructure funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EMIF and IFRA are both graded against the same 33 Infrastructure funds, so their Grades compare head to head.

Infrastructure⁠

Category · 33 funds
See all 33 ›

IFRA ranks 1st and EMIF 24th of 33 funds in the Infrastructure Category.

  1. Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
  2. Rank 2AIGFiShares Global Infrastructure ETFScore 83
  3. Rank 22DSHPPPacer Industrials and Logistics ETFScore 39
  4. Rank 24DEMIFiShares Emerging Markets Infrastructure ETFScore 34
  5. Rank 24DNGIFNuveen Global Infrastructure Fund: ETF Class SharesScore 34

Our read on each fund

ETF.net Research

EMIFDiShares Emerging Markets Infrastructure ETF

IFRAAiShares U.S. Infrastructure ETF

In short

EMIF Most infrastructure ETFs go global or stay home. EMIF does neither: an iShares fund running since 2009 that tracks a roughly 30-stock index of listed emerging-markets infrastructure companies.

IFRA Most infrastructure funds pick a side: the companies that build the stuff, or the ones that own it. IFRA holds both, stays entirely American, and charges well under the category's typical fee.

Stated mandate

EMIF The Fund seeks to follow an index of 30 leading publicly listed companies in the emerging-markets infrastructure industry.

IFRA The fund seeks to track an index of U.S. companies with infrastructure exposure, balancing infrastructure enablers and infrastructure asset owners.

Why people hold it

  • EMIF One lane, no detours: emerging markets only, infrastructure only. The category's best-known names (IGF, GII, PAVE) cast a global or U.S. net instead.
  • Rules-based and readable: it follows the S&P Emerging Markets Infrastructure Index, built around 30 leading listed operators, with no manager stock-picking.
  • Launched in 2009 under the iShares roof, so the strategy has traded through more than a decade of emerging-market weather.
  • IFRA 0.30% a year, roughly half the typical fee in the infrastructure category and cheaper than bigger-name rivals IGF (0.37%), GII (0.40%) and PAVE (0.47%).
  • Tracks the NYSE FactSet U.S. Infrastructure Index, which balances the enablers (builders and suppliers) against the asset owners, rather than betting on the construction cycle alone.
  • Roughly 160 holdings spread the theme wide, and the fund pays out quarterly.
  • Running since 2018 with over a billion in assets, it sits among the strongest implementations in its infrastructure peer group.

Worth knowing

  • EMIF Costs 0.60% a year, above infrastructure peers such as IFRA (0.30%) and IGF (0.37%).
  • Small and thinly traded, which typically means wider bid-ask spreads than the category's household names.
  • About 30 stocks, so individual names and countries move the needle. It sits in the lower half of its infrastructure peer group on our review.
  • IFRA US-only by design. The overseas toll roads, airports and utilities that global peers like IGF and GII hold are simply not here.
  • A narrow slice of the market, so it can move quite differently from a broad US index in either direction.
  • Volume is moderate rather than heavy. Limit orders are the sane default, especially around the open and close.

Full EMIF profile⁠

Full IFRA profile⁠

EMIF vs IFRA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMIF vs IFRA Cost

Overpaying EMIF vs IFRA

$5,668

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EMIF 0.60%

    $11,817

  • IFRA 0.30%

    $6,149

$10,000
30 years

Cost over time

  • EMIF 0.60%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530EMIF $11,817IFRA $6,149

Year by year

YearEMIFIFRAOverpaying
10$1,076$545$531
20$4,116$2,113$2,003
30$11,817$6,149$5,668

Expense ratio

  • 0.60%EMIF
  • 0.30%IFRA, cheaper
  • Middle half of Infrastructure funds
  • Median 0.55%

IFRA cheapest of 33 funds

EMIF 19th cheapest of 33 funds

EMIF vs IFRA Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EMIF 4.20%, better
IFRA 1.73%
Payout (12M)
EMIF $1.11
IFRA $1.02
Last payment
EMIF $0.28
IFRA $0.26
Ex-dividend
EMIF Jun 15, 2026
IFRA Sep 15, 2026
Paid on
EMIF Jun 18, 2026
IFRA Sep 18, 2026
Frequency
EMIF Twice a year
IFRA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EMIFTwice a year · 20 paymentsAll EMIF payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.21; Dec 21, 2017 $0.63; Jun 19, 2018 $0.36; Dec 18, 2018 $0.37; Jun 17, 2019 $0.41; Dec 16, 2019 $0.24; Jun 15, 2020 $0.30; Dec 14, 2020 $0.32; Jun 10, 2021 $0.68; Dec 13, 2021 $0.29; Jun 9, 2022 $0.31; Dec 13, 2022 $0.33; Jun 7, 2023 $0.22; Dec 20, 2023 $0.34; Jun 11, 2024 $0.35; Dec 17, 2024 $0.48; Dec 30, 2024 $0.03; Jun 16, 2025 $0.49; Dec 16, 2025 $0.82; Jun 15, 2026 $0.28. Use the arrow keys to read each point.$0$0.502017202020232026YTD
IFRAQuarterly · 35 paymentsAll IFRA payments⁠
One bar per payment. 35 payments from 2017 to 2026 YTD. Jun 26, 2018 $0.10; Sep 26, 2018 $0.12; Dec 17, 2018 $0.36; Mar 20, 2019 $0.10; Jun 17, 2019 $0.10; Sep 24, 2019 $0.13; Dec 16, 2019 $0.15; Mar 25, 2020 $0.15; Jun 15, 2020 $0.10; Sep 23, 2020 $0.12; Dec 14, 2020 $0.20; Dec 30, 2020 $0.06; Mar 25, 2021 $0.10; Jun 10, 2021 $0.09; Sep 24, 2021 $0.23; Dec 13, 2021 $0.20; Mar 24, 2022 $0.17; Jun 9, 2022 $0.10; Sep 26, 2022 $0.22; Dec 13, 2022 $0.23; Mar 23, 2023 $0.18; Jun 7, 2023 $0.16; Sep 26, 2023 $0.22; Dec 20, 2023 $0.23; Mar 21, 2024 $0.16; Jun 11, 2024 $0.17; Sep 25, 2024 $0.25; Dec 17, 2024 $0.23; Mar 18, 2025 $0.27; Jun 16, 2025 $0.18; Sep 16, 2025 $0.22; Dec 16, 2025 $0.30; Mar 17, 2026 $0.27; Jun 15, 2026 $0.18; Sep 15, 2026 $0.26. Use the arrow keys to read each point.$0$0.502017202020232026YTD

EMIF vs IFRA Risk

Fall from peak · 5 years

  • EMIF
  • IFRA
Nov 2, 2021 to Nov 2, 2026. Worst fall: EMIF −23.3% · Oct 2022. Use the arrow keys to read each point.−20%−15%−10%−5%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
EMIF 12.8%, betterIFRA 17.2%
Return per unit of riskSharpe ratio, 3 years
EMIF 0.81IFRA 0.92, better
Worst fallMax drawdown, 5 years
EMIF −23.3%IFRA −19.9%, better
Market sensitivityBeta, 5 years
EMIF 0.76IFRA 0.96

EMIF and IFRA in the news

All news⁠

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