GII vs IGF: Grades, Fees and Holdings Compared

State Street SPDR S&P Global Infrastructure ETF

GIIANYSE Arca

iShares Global Infrastructure ETF

IGFANasdaq

Overlap

69.4%by weight

Expense ratio

IGF −0.03pt a year

GII0.40%IGF0.37%

Avg volume · 30D

IGF 21.0×the volume

GII41.6KIGF874K

10Y return · a year

GII +0.1pt

GII+8.3%IGF+8.2%

GII vs IGF Performance

Oct 29, 2021 – Oct 30, 2026

+60.0%GII+59.9%IGF

Expense ratio: GII 0.40%; IGF 0.37%, better
Fund size: GII $962M; IGF $10.9B
1Y total return: GII +11.2%; IGF +11.2%
Yield (12M): GII 2.69%; IGF 2.93%, better
Holdings: GII 89; IGF 89
Avg volume (30D): GII 41.6K sh; IGF 874K sh, better
NAV per share: GII $74.56; IGF $65.84
52W range

ETF.net Grade

Pillar letters and Scores for GII, IGF, with each pillar’s weight
Pillar	GII	IGF
Cost30% weight	A86	A92Higher
Mission25% weight	Not scored	A85
Risk15% weight	A72	A72
Tradability15% weight	A72	A83Higher
Holdings10% weight	B68	A72Higher
Durability5% weight	A85	A92Higher

Rank among Infrastructure funds

How we build Categories ›

Same Category. GII 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 GII 3rd 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 4ANFRANorthern Trust STOXX Global Broad Infrastructure ETFScore 74

Our read on each fund

ETF.net Research

GIIAState Street SPDR S&P Global Infrastructure ETF

IGFAiShares Global Infrastructure ETF

In short

GII Toll roads, airports, pipelines and power grids in one ticker. GII has tracked the S&P Global Infrastructure Index since 2007, an early entrant in the category, and charges less than the typical infrastructure fund.

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

GII The fund seeks to track the total return of the S&P Global Infrastructure Index. That index provides exposure to large publicly listed infrastructure companies across transportation, utilities, and energy infrastructure.

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

Why people hold it

GII Tracks an index of 75 of the largest listed infrastructure companies, screened for float and liquidity, spread across transportation, utilities and energy infrastructure in developed and emerging markets.ssga.com
0.40% a year against a 0.55% median for infrastructure ETFs. The cheap end of a category that often is not cheap.
Live since 2007, so the record covers the financial crisis, a decade of low rates and the 2022 rate shock. It rates among the strongest implementations in its infrastructure peer group.

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

GII IGF follows the same index for 0.37%, three basis points less. GII's own trading is moderate rather than heavy, so spreads count alongside the fee gap.
Roughly 70 stocks across three sectors and several currencies. A focused, globally scattered book that can behave quite differently from a broad world equity fund.ssga.com
Distributions arrive on an annual or semiannual schedule, so cash lands in lumps rather than monthly.

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 GII profile⁠

Full IGF profile⁠

GII vs IGF Holdings

How GII and IGF differ

Overlap by weight

69.4%

Shared holdings make up 69.8% of IGF and 69.6% of GII.

Level by level

Sector8 Sectors52.9%
Holdings58 in both69.4%
Countryby domicile98.6%
Asset classEquity100%

Sector

Sector weights in GII and IGF, widest gap first
Sector	More in GIIMore in IGF	GII	IGF
Transportation	IGF +39.3 points	0.0%	39.3%
Industrials	GII +28.8 points	28.8%	0.0%
Utilities	IGF +7.8 points	32.6%	40.4%
Financials	GII +6.9 points	6.9%	0.0%
Technology	GII +6.0 points	6.0%	0.0%
Energy	GII +4.8 points	25.2%	20.4%
Communication	GII +0.3 points	0.3%	0.0%
Real Estate	GII +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in GII and IGF, widest gap first
Country	More in GIIMore in IGF	GII	IGF
United States	IGF +0.6 points	37.9%	38.5%
Brazil	GII +0.5 points	0.5%	0.0%
Greece	GII +0.5 points	0.5%	0.0%
Other countries (14)	IGF +0.5 points	61.0%	61.5%

Outside the US: GII 78% developed, 22% emerging. IGF 80% developed, 20% emerging.

Concentration

Weight in the 10 largest Holdings

GII38.6%
IGF38.6%

Securities held

GII76
IGF75

Asset class

GII: Equity
IGF: Equity

Holdings

Only in GII18
In both58
Only in IGF17

Only in GII

18 securities, 30.2% of GII by weight

Aena Sme SA4.94%
Iberdrola SA4.09%
Auckland Intl Airport Ltd4.02%
Getlink SE2.87%
National Grid PLC2.33%
Enel Spa2.15%
Adp2.15%
Engie1.37%
E.on SE1.29%
Rwe AG1.24%
Sse PLC1.18%
Fraport AG Frankfurt Airport0.96%
Enav Spa0.61%
Hutchison Port Holdings Tr U0.44%
Frontline PLC0.26%
Gaztransport Et Techniga SA0.26%
Yuan Renminbi Offshore<0.01%
Czech Koruna0.00%

Only in IGF

17 securities, 29.9% of IGF by weight

Aena Sme SA4.89%
Iberdrola4.08%
Auckland International Airport3.45%
Getlink2.85%
National Grid PLC2.32%
Enel2.15%
Aeroports De Paris SA2.13%
Engie SA1.35%
E.on N1.29%
Rwe AG1.21%
Sse PLC1.17%
Fraport AG0.96%
Enav Spa0.62%
Athens International Airport0.50%
Hutchison Port Holdings Units Trus0.44%
Frontline PLC0.26%
Gaztransport & Technigaz SA0.25%

Weight gaps

All 58 Holdings in both funds, largest gap first.

Holding weights in GII and IGF, widest gap first
Holding	More in GIIMore in IGF	GII	IGF
Nextera Energy IncNEE	IGF +0.08 points	4.72%	4.80%
Cheniere Energy IncLNG	IGF +0.07 points	2.17%	2.24%
Grupo Aeroportuario Pac AdrPAC	IGF +0.04 points	3.98%	4.02%
Williams Cos IncWMB	GII +0.03 points	3.02%	2.99%
Dominion Energy IncD	IGF +0.03 points	1.58%	1.61%
Constellation EnergyCEG	GII +0.03 points	2.40%	2.37%
Vistra CorpVST	GII +0.03 points	1.23%	1.20%
Cosco Shipping Ports Ltd	IGF +0.03 points	0.37%	0.40%
Japan Airport Terminal Co	IGF +0.03 points	1.43%	1.46%
China Merchants Port Holding	IGF +0.02 points	1.05%	1.07%
Grupo Aeroportuario Sur AdrASR	GII +0.02 points	1.86%	1.84%
Duke Energy CorpDUK	IGF +0.02 points	2.71%	2.73%
Transurban Group	IGF +0.02 points	4.90%	4.92%
Oneok IncOKE	IGF +0.02 points	1.99%	2.01%
Targa Resources CorpTRGP	IGF +0.02 points	2.20%	2.22%
Kinder Morgan IncKMI	GII +0.01 points	2.19%	2.18%
Southern Co/TheSO	IGF +0.01 points	2.95%	2.96%
Corp America Airports SACAAP	GII +0.02 points	0.33%	0.31%
Dt Midstream IncDTM	GII +0.01 points	0.43%	0.42%
Sats Ltd	IGF +0.01 points	1.09%	1.10%
Shenzhen Intl Holdings	GII +0.01 points	0.37%	0.36%
Anhui Expressway Co Ltd H	IGF +0.01 points	0.36%	0.37%
Cia Saneamento Basico De AdrSBS	GII +0.01 points	0.30%	0.29%
Xcel Energy IncXEL	IGF +0.01 points	1.36%	1.37%
Consolidated Edison IncED	Same weight	1.18%	1.18%
Zhejiang Expressway Co H	Same weight	0.55%	0.55%
Westshore Terminals Investme	GII +0.01 points	0.44%	0.43%
American Electric PowerAEP	IGF +0.01 points	1.94%	1.95%
Public Service Enterprise GpPEG	IGF +0.01 points	1.01%	1.02%
Pembina Pipeline Corp	Same weight	0.98%	0.98%
Atlas Arteria	Same weight	0.52%	0.52%
Entergy CorpETR	GII +0.01 points	1.42%	1.41%
Cia Paranaense De Ener AdrELPC	Same weight	0.14%	0.14%
Tc Energy Corp	Same weight	2.21%	2.21%
Flughafen Zurich AG Reg	IGF +0.01 points	2.00%	2.01%
SempraSRE	Same weight	1.55%	1.55%
Cosco Shipping Energy Tran H	IGF +0.01 points	0.09%	0.10%
Beijing Capital Intl Airpo H	Same weight	0.14%	0.14%
China Resources Power Holdin	Same weight	0.15%	0.15%
Enn Energy Holdings Ltd	Same weight	0.12%	0.12%
Cgn Power Co Ltd H	Same weight	0.13%	0.13%
Keyera Corp	Same weight	0.38%	0.38%
Antero Midstream CorpAM	GII +0.01 points	0.24%	0.23%
Exelon CorpEXC	Same weight	1.31%	1.31%
Enbridge Inc	Same weight	3.61%	3.61%
Shenzhen Expressway Corp H	Same weight	0.16%	0.16%
Kunlun Energy Co Ltd	Same weight	0.10%	0.10%
Cia Energetica De Spon AdrCIG	Same weight	0.10%	0.10%
Guangdong Investment Ltd	Same weight	0.08%	0.08%
China Longyuan Power Group H	Same weight	0.04%	0.04%
Jiangsu Express Co Ltd H	GII +0.01 points	0.75%	0.74%
Dalrymple Bay Infrastructure	Same weight	0.83%	0.83%
Sky Harbour Group CorpSKYH	Same weight	0.11%	0.11%
Huaneng Power Intl Inc H	Same weight	0.09%	0.09%
Grupo Aeroportuario Cen AdrOMAB	Same weight	1.55%	1.55%
Sichuan Expressway Group Co	Same weight	0.16%	0.16%
Sia Engineering Co Ltd	Same weight	0.24%	0.24%
South Bow Corp	Same weight	0.25%	0.25%

All 75 GII 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.

GII vs IGF Cost

Overpaying GII vs IGF

$577

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

GII 0.40%
$8,090
IGF 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

GII 0.40%
IGF 0.37%
Overpaying

Year by year

Year	GII	IGF	Overpaying
10	$723	$670	$53
20	$2,793	$2,590	$203
30	$8,090	$7,513	$577

Expense ratio

0.40%GII
0.37%IGF, cheaper

IGF0.37%GII0.40%

0.30%2.10%

Middle half of Infrastructure funds
Median 0.55%

IGF 3rd cheapest of 33 funds

GII 6th cheapest of 33 funds

GII vs IGF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): GII 2.69%; IGF 2.93%, better
Payout (12M): GII $2.02; IGF $1.93
Last payment: GII $0.78; IGF $0.93
Ex-dividend: GII Jun 1, 2026; IGF Jun 15, 2026
Paid on: GII Jun 3, 2026; IGF Jun 18, 2026
Frequency: GII Twice a year; IGF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

GIITwice a year · 19 paymentsAll GII payments⁠

IGFTwice a year · 19 paymentsAll IGF payments⁠

GII vs IGF Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: GII 12.5%IGF 12.4%, better
Return per unit of riskSharpe ratio, 3 years: GII 1.17IGF 1.18, better
Worst fallMax drawdown, 5 years: GII −20.7%, betterIGF −20.8%
Market sensitivityBeta, 5 years: GII 0.56IGF 0.62; Market = 1

GII 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, 2026GIIIGF
Deep Dive
Infrastructure ETFs diverged nine points in September
Sep 9, 2026GIIIGF
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

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GII vs IGF

In short

Stated mandate

Why people hold it