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GII vs OBOR

State Street SPDR S&P Global Infrastructure ETF

GIIANYSE Arca

KraneShares MSCI One Belt One Road Index ETF

OBORDNYSE Arca

Overlap

0.6%by weight

Expense ratio

GII −0.39pt a year

GII0.40%OBOR0.79%

Avg volume · 30D

GII 62.1×the volume

GII41.6KOBOR669

5Y return · a year

GII +10.0pt

GII+9.7%OBOR−0.3%

GII vs OBOR Performance

Nov 2, 2021 – Nov 2, 2026

+59.0%GII−1.4%OBOR

Nov 2, 2021 to Nov 2, 2026. GII +59.0%. OBOR −1.4%. Use the arrow keys to read each point.−20%20%40%Nov 2021May 2024Nov 2026
Expense ratio
GII 0.40%, better
OBOR 0.79%
Fund size
GII $962M
OBOR $4M
1Y total return
GII +11.3%, better
OBOR +3.9%
Yield (12M)
GII 2.69%, better
OBOR 1.98%
Holdings
GII 89
OBOR 114
Avg volume (30D)
GII 41.6K sh, better
OBOR 669 sh
NAV per share
GII $74.56
OBOR $26.10
52W range

ETF.net Grade

GII: Cost 86, Risk 72, Mission not scored, Tradability 72, Holdings 68, Durability 85. OBOR: Cost 17, Risk 30, Mission not scored, Tradability 15, Holdings 54, Durability 31.
Pillar letters and Scores for GII, OBOR, with each pillar’s weight
PillarGIIOBOR
Cost30% weightA86HigherF17
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherD30
Tradability15% weightA72HigherF15
Holdings10% weightB68HigherC54
Durability5% weightA85HigherD31

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. GII and OBOR are both graded against the same 33 Infrastructure funds, so their Grades compare head to head.

Infrastructure⁠

Category · 33 funds
See all 33 ›

GII ranks 3rd and OBOR 30th of 33 funds in the Infrastructure Category.

  1. Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
  2. Rank 2AIGFiShares Global Infrastructure ETFScore 83
  3. Rank 3AGIIState Street SPDR S&P Global Infrastructure ETFScore 78
  4. Rank 4ANFRANorthern Trust STOXX Global Broad Infrastructure ETFScore 74
  5. Rank 29DGLIXLazard Listed Infrastructure ETFScore 29
  6. Rank 30DOBORKraneShares MSCI One Belt One Road Index ETFScore 25
  7. Rank 30DTPZTortoise Electrification Infrastructure ETFScore 25

Our read on each fund

ETF.net Research

GIIAState Street SPDR S&P Global Infrastructure ETF

OBORDKraneShares MSCI One Belt One Road Index 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.

OBOR A one-idea fund: the build-out of China's One Belt One Road. It buys companies worldwide (developed, emerging and frontier) whose revenue rides on China infrastructure, not just Chinese-listed names.

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.

OBOR OBOR seeks to track the price and yield performance of an MSCI index designed to identify companies that may benefit from China’s One Belt One Road infrastructure initiative.

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.
  • OBOR Launched in 2017 as a rare direct route to the Belt and Road theme, tracking MSCI's Global China Infrastructure Exposure Index.kraneshares.com
  • The screen is revenue-based, not address-based: developed, emerging and frontier market companies with high revenue exposure to China infrastructure development.msci.com
  • Roughly 130 holdings spread the theme across a supply chain rather than a handful of contractors.

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.
  • OBOR At 0.79%, it costs more than the typical infrastructure ETF (cohort median 0.55%); broader peers like IGF (0.37%) and PAVE (0.47%) charge less.
  • Small and thinly traded, so spreads can be wide and limit orders matter. Sub-scale funds also carry more closure risk than large ones.
  • One policy program, one government's priorities drive the theme, and cash comes back only once or twice a year, not monthly.

Full GII profile⁠

Full OBOR profile⁠

GII vs OBOR Holdings

How GII and OBOR differ

Overlap by weight

0.6%

Shared holdings make up 3.8% of OBOR and 0.6% of GII.

Level by level

  • Holdings6 in both0.6%
  • Countryby domicile6.7%
  • Sector9 Sectors52.6%
  • Asset classEquity100%

Sector

Sector weights in GII and OBOR, widest gap first
SectorMore in GIIMore in OBOR
MaterialsOBOR +24.9 points
FinancialsOBOR +19.3 points
UtilitiesGII +18.6 points
EnergyGII +16.7 points
IndustrialsGII +5.9 points
TechnologyGII +5.6 points
Consumer DiscretionaryOBOR +3.2 points
CommunicationGII +0.3 points
Real EstateGII +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in GII and OBOR, widest gap first
CountryMore in GIIMore in OBOR
ChinaOBOR +45.1 points
United StatesGII +37.9 points
SingaporeOBOR +12.6 points
South AfricaOBOR +11.0 points
SpainGII +9.1 points
IndiaOBOR +8.3 points
CanadaGII +7.9 points
MexicoGII +7.4 points
Other countries (17)GII +14.7 points

Outside the US: GII 78% developed, 22% emerging. OBOR 14% developed, 86% emerging.

Concentration

Weight in the 10 largest Holdings

  • GII38.6%
  • OBOR45.6%

Securities held

  • GII76
  • OBOR106

Asset class

GII
Equity
OBOR
Equity

Holdings

  • Only in GII70
  • In both6
  • Only in OBOR100

Only in GII

70 securities, 99.1% of GII by weight

  • Aena Sme SA4.94%
  • Transurban Group4.90%
  • Nextera Energy Inc4.72%

Only in OBOR

100 securities, 96.2% of OBOR by weight

  • Oversea-Chinese Banking Corp9.96%
  • Kuwait Finance House9.35%
  • China Yangtze Power Co Ltd-A5.13%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in GII and OBOR, widest gap first
HoldingMore in GIIMore in OBOR
China Resources Power HoldinOBOR +0.67 points
Cgn Power Co Ltd HOBOR +0.66 points
Enn Energy Holdings LtdOBOR +0.59 points
Kunlun Energy Co LtdOBOR +0.49 points
Huaneng Power Intl Inc HOBOR +0.41 points
China Longyuan Power Group HOBOR +0.27 points

All 75 GII holdings⁠All 129 OBOR 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 OBOR Cost

Overpaying OBOR vs GII

$7,084

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

  • GII 0.40%

    $8,090

  • OBOR 0.79%

    $15,174

$10,000
30 years

Cost over time

  • GII 0.40%
  • OBOR 0.79%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530OBOR $15,174GII $8,090

Year by year

YearGIIOBOROverpaying
10$723$1,405$682
20$2,793$5,331$2,538
30$8,090$15,174$7,084

Expense ratio

  • 0.40%GII, cheaper
  • 0.79%OBOR
  • Middle half of Infrastructure funds
  • Median 0.55%

GII 6th cheapest of 33 funds

OBOR 27th cheapest of 33 funds

GII vs OBOR Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
GII 2.69%, better
OBOR 1.98%
Payout (12M)
GII $2.02
OBOR $0.51
Last payment
GII $0.78
OBOR $0.51
Ex-dividend
GII Jun 1, 2026
OBOR Dec 22, 2025
Paid on
GII Jun 3, 2026
OBOR Dec 23, 2025
Frequency
GII Twice a year
OBOR Annual

Distribution history

Per share, 2017 to 2026, same scale for both

GIITwice a year · 19 paymentsAll GII payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.86; Dec 15, 2017 $0.89; Jun 1, 2018 $0.69; Dec 21, 2018 $0.80; Jun 3, 2019 $0.87; Dec 20, 2019 $0.99; Jun 1, 2020 $0.55; Dec 18, 2020 $0.78; Jun 1, 2021 $0.46; Dec 17, 2021 $0.82; Jun 1, 2022 $0.73; Dec 16, 2022 $0.88; Jun 1, 2023 $0.78; Dec 15, 2023 $1.20; Jun 3, 2024 $0.87; Dec 18, 2024 $1.04; Jun 2, 2025 $0.97; Dec 18, 2025 $1.24; Jun 1, 2026 $0.78. Use the arrow keys to read each point.$0$12017202020232026YTD
OBORAnnual · 9 paymentsAll OBOR payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.03; Dec 26, 2018 $0.61; Dec 27, 2019 $1.05; Dec 29, 2020 $0.55; Dec 29, 2021 $0.99; Dec 28, 2022 $1.08; Dec 18, 2023 $0.69; Dec 17, 2024 $0.82; Dec 22, 2025 $0.51. Use the arrow keys to read each point.$0$12017202020232026YTD

GII vs OBOR Risk

Fall from peak · 5 years

  • GII
  • OBOR
Nov 2, 2021 to Nov 2, 2026. Worst fall: OBOR −34.0% · Oct 2023. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
GII 12.5%OBOR 12.4%, better
Return per unit of riskSharpe ratio, 3 years
GII 1.17, betterOBOR 0.68
Worst fallMax drawdown, 5 years
GII −20.7%, betterOBOR −34.0%
Market sensitivityBeta, 5 years
GII 0.56OBOR 0.70

GII and OBOR in the news

All news⁠

Popular comparisons

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