EMIF vs IGF: Grades, Fees and Holdings Compared

iShares Emerging Markets Infrastructure ETF

EMIFDNasdaq

iShares Global Infrastructure ETF

IGFANasdaq

Overlap

12.5%by weight

Expense ratio

IGF −0.23pt a year

EMIF0.60%IGF0.37%

Avg volume · 30D

IGF 402.1×the volume

EMIF2.17KIGF874K

10Y return · a year

IGF +6.4pt

EMIF+2.0%IGF+8.4%

EMIF vs IGF Performance

Nov 2, 2021 – Nov 2, 2026

+31.5%EMIF+59.2%IGF

Expense ratio: EMIF 0.60%; IGF 0.37%, better
Fund size: EMIF $13M; IGF $10.9B
1Y total return: EMIF +5.8%; IGF +11.2%, better
Yield (12M): EMIF 4.20%, better; IGF 2.93%
Holdings: EMIF 43; IGF 89
Avg volume (30D): EMIF 2.17K sh; IGF 874K sh, better
NAV per share: EMIF $26.06; IGF $65.84
52W range

ETF.net Grade

Pillar letters and Scores for EMIF, IGF, with each pillar’s weight
Pillar	EMIF	IGF
Cost30% weight	D39	A92Higher
Mission25% weight	Not scored	A85
Risk15% weight	D34	A72Higher
Tradability15% weight	F23	A83Higher
Holdings10% weight	D26	A72Higher
Durability5% weight	B60	A92Higher

Rank among Infrastructure funds

How we build Categories ›

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

Infrastructure⁠

Category · 33 funds

See all 33 ›

IGF ranks 2nd and EMIF 24th of 33 funds in the Infrastructure Category.

Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
Rank 2AIGFiShares Global Infrastructure ETFScore 83
Rank 3AGIIState Street SPDR S&P Global Infrastructure ETFScore 78
Rank 22DSHPPPacer Industrials and Logistics ETFScore 39
Rank 24DEMIFiShares Emerging Markets Infrastructure ETFScore 34
Rank 24DNGIFNuveen Global Infrastructure Fund: ETF Class SharesScore 34

Our read on each fund

ETF.net Research

EMIFDiShares Emerging Markets Infrastructure ETF

IGFAiShares Global 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.

IGF About 80 developed-market infrastructure companies in one ticker, tracked against the S&P Global Infrastructure Index since 2007, for 0.37% a year (well under the category norm).

Stated mandate

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

IGF The Fund seeks to track an index of developed-market equities focused on the infrastructure industry.

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.

IGF Costs 0.37% a year against a cohort median of 0.55%, so the toll on a long hold is smaller than most infrastructure funds charge.
The one other fund on the same S&P Global Infrastructure Index, GII, charges 0.40%. Same benchmark, cheaper wrapper here.
Trading since December 2007, now a multi-billion-dollar, actively traded fund that has tracked its index closely.
Goes global where the biggest peers stay home: IFRA and PAVE are US-only, while this one spans developed markets worldwide.

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.

IGF About 80 holdings in one industry. A concentrated basket, so a bad stretch for utilities or transport operators shows up fast.
Distributions arrive once or twice a year, not monthly, and foreign holdings bring currency swings along with the dividends.
Developed markets only. The fast-building infrastructure of emerging economies sits outside the mandate.

Full EMIF profile⁠

Full IGF profile⁠

EMIF vs IGF Holdings

How EMIF and IGF differ

Overlap by weight

12.5%

Shared holdings make up 67.8% of EMIF and 12.5% of IGF.

Level by level

Countryby domicile12.3%
Holdings21 in both12.5%
Sector3 Sectors97.8%
Asset classEquity100%

Sector

Sector weights in EMIF and IGF, widest gap first
Sector	More in EMIFMore in IGF	EMIF	IGF
Transportation	EMIF +2.2 points	41.5%	39.3%
Utilities	IGF +1.8 points	38.6%	40.4%
Energy	IGF +0.5 points	19.9%	20.4%

Country, concentration and asset class

Country by domicile

Country weights in EMIF and IGF, widest gap first
Country	More in EMIFMore in IGF	EMIF	IGF
United States	IGF +38.5 points	0.0%	38.5%
China	EMIF +32.2 points	37.0%	4.8%
Brazil	EMIF +17.6 points	17.6%	0.0%
Mexico	EMIF +12.5 points	20.0%	7.5%
United Arab Emirates	EMIF +10.9 points	10.9%	0.0%
Spain	IGF +9.2 points	0.0%	9.2%
Thailand	EMIF +8.8 points	8.8%	0.0%
Canada	IGF +8.0 points	0.0%	8.0%
Other countries (11)	IGF +26.3 points	5.7%	32.0%

Outside the US: EMIF 0% developed, 100% emerging. IGF 80% developed, 20% emerging.

Concentration

Weight in the 10 largest Holdings

EMIF59.4%
IGF38.6%

Securities held

EMIF30
IGF75

Asset class

EMIF: Equity
IGF: Equity

Holdings

Only in EMIF9
In both21
Only in IGF54

Only in EMIF

9 securities, 32.0% of EMIF by weight

Airports of Thailand Non-Voting Dr8.69%
Adnoc Drilling Company6.25%
Qatar Gas Transport Company Ltd4.57%
Korea Electric Power Adr Rep3.34%
Motiva Infraestrutura De Mobilidad2.95%
China Oilfield Services Ltd H2.73%
Enel Chile Adr Representing SA1.51%
China Suntien Green Energy Corp Lt1.23%
Sk Gas Ltd0.74%

Only in IGF

54 securities, 87.4% of IGF by weight

Transurban Group Stapled Units4.92%
Aena Sme SA4.89%
Nextera Energy4.80%
Iberdrola4.08%
Enbridge3.61%
Auckland International Airport3.45%
Williams2.99%
Southern2.96%
Getlink2.85%
Duke Energy Corp2.73%
Constellation Energy Corp2.37%
National Grid PLC2.32%
Cheniere Energy2.24%
Targa Resources2.22%
Tc Energy2.21%
Kinder Morgan2.18%
Enel2.15%
Aeroports De Paris SA2.13%
Oneok2.01%
Flughafen Zuerich AG2.01%
American Electric Power Inc1.95%
Dominion Energy1.61%
Sempra1.55%
Japan Airport Terminal1.46%
Entergy Corp1.41%
Xcel Energy Inc1.37%
Engie SA1.35%
Exelon Corp1.31%
E.on N1.29%
Rwe AG1.21%
Vistra1.20%
Consolidated Edison1.18%
Sse PLC1.17%
Sats Ltd1.10%
Public Service Enterprise Group1.02%
Pembina Pipeline0.98%
Fraport AG0.96%
Dalrymple Bay Infrastructure Stapl0.83%
Enav Spa0.62%
Atlas Arteria Stapled Units0.52%
Athens International Airport0.50%
Hutchison Port Holdings Units Trus0.44%
Westshore Terminals Investment0.43%
Dt Midstream0.42%
Keyera0.38%
Corporacion America Airports SA0.31%
Frontline PLC0.26%
Gaztransport & Technigaz SA0.25%
South Bow0.25%
Sia Engineering Ltd0.24%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in EMIF and IGF, widest gap first
Holding	More in EMIFMore in IGF	EMIF	IGF
Companhia De Saneamento Basico DoSBS	EMIF +7.53 points	7.82%	0.29%
Grupo Aeroportuario Del Pacifico APAC	EMIF +6.73 points	10.75%	4.02%
Cosco Shipping Energy Transportati	EMIF +4.32 points	4.42%	0.10%
China Resources Power Ltd	EMIF +3.90 points	4.05%	0.15%
Companhia Paranaense De Energia CoELPC	EMIF +3.55 points	3.69%	0.14%
Cgn Power Ltd H	EMIF +3.27 points	3.40%	0.13%
Enn Energy Holdings Ltd	EMIF +3.21 points	3.33%	0.12%
Grupo Aeroportuario Adr RepresentiASR	EMIF +3.12 points	4.96%	1.84%
Grupo Aeroportuario Del Centro NorOMAB	EMIF +2.64 points	4.19%	1.55%
Kunlun Energy Ltd	EMIF +2.57 points	2.67%	0.10%
Companhia Energetica Minas GeraisCIG	EMIF +2.44 points	2.54%	0.10%
Huaneng Power International Inc H	EMIF +2.34 points	2.43%	0.09%
Guangdong Investment Ltd	EMIF +1.98 points	2.06%	0.08%
China Merchants Port Holdings Ltd	EMIF +1.79 points	2.86%	1.07%
Jiangsu Expressway Ltd H	EMIF +1.23 points	1.97%	0.74%
China Longyuan Power Group H	EMIF +1.15 points	1.19%	0.04%
Zhejiang Expressway Ltd H	EMIF +0.91 points	1.46%	0.55%
Cosco Shipping Ports Ltd	EMIF +0.65 points	1.05%	0.40%
Anhui Expressway Ltd H	EMIF +0.61 points	0.98%	0.37%
Shenzhen International Holdings	EMIF +0.61 points	0.97%	0.36%
Beijing Capital International Airp	EMIF +0.22 points	0.36%	0.14%

All 30 EMIF holdings⁠All 75 IGF 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 IGF Cost

Overpaying EMIF vs IGF

$4,304

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

EMIF 0.60%
$11,817
IGF 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

EMIF 0.60%
IGF 0.37%
Overpaying

Year by year

Year	EMIF	IGF	Overpaying
10	$1,076	$670	$406
20	$4,116	$2,590	$1,526
30	$11,817	$7,513	$4,304

Expense ratio

0.60%EMIF
0.37%IGF, cheaper

IGF0.37%EMIF0.60%

0.30%2.10%

Middle half of Infrastructure funds
Median 0.55%

IGF 3rd cheapest of 33 funds

EMIF 19th cheapest of 33 funds

EMIF vs IGF Dividends

Last 12 months to Nov 2, 2026

Yield (12M): EMIF 4.20%, better; IGF 2.93%
Payout (12M): EMIF $1.11; IGF $1.93
Last payment: EMIF $0.28; IGF $0.93
Ex-dividend: EMIF Jun 15, 2026; IGF Jun 15, 2026
Paid on: EMIF Jun 18, 2026; IGF Jun 18, 2026
Frequency: EMIF Twice a year; IGF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

EMIFTwice a year · 20 paymentsAll EMIF payments⁠

IGFTwice a year · 19 paymentsAll IGF payments⁠

EMIF vs IGF Risk

Fall from peak · 5 years

EMIF
IGF

Risk facts

VolatilityStd dev, 3 years: EMIF 12.8%IGF 12.4%, better
Return per unit of riskSharpe ratio, 3 years: EMIF 0.81IGF 1.18, better
Worst fallMax drawdown, 5 years: EMIF −23.3%IGF −20.8%, better
Market sensitivityBeta, 5 years: EMIF 0.76IGF 0.62; Market = 1

EMIF and IGF in the news

All news⁠

Category Review
Infrastructure ETFs lagged stocks, and large construction funds fell hardest in the quarter
Updated Oct 20, 2026IGF
New ETFs
iShares' new AI fund holds $220 million, and Walmart is its largest stock
Oct 5, 2026IGF
New ETFs
Man's new infrastructure ETF costs 0.15 percentage points more than iShares' active fund
Oct 5, 2026IGF
Deep Dive
Infrastructure ETFs diverged nine points in September
Sep 9, 2026IGF

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