IFRA vs POWR: Grades, Fees and Holdings Compared

iShares U.S. Infrastructure ETF

IFRAACboe

iShares U.S. Power Infrastructure ETF

POWRBNYSE Arca

Overlap

39.5%by weight

Expense ratio

IFRA −0.09pt a year

IFRA0.30%POWR0.39%

Avg volume · 30D

IFRA 1.8×the volume

IFRA398KPOWR223K

5Y return · a year

IFRA +1.1pt

IFRA+12.2%POWR+11.1%

IFRA vs POWR Performance

Oct 29, 2021 – Oct 30, 2026

+77.5%IFRA+69.4%POWR

Expense ratio: IFRA 0.30%, better; POWR 0.39%
Fund size: IFRA $4.07B; POWR $444M
1Y total return: IFRA +12.7%, better; POWR +4.6%
Yield (12M): IFRA 1.74%; POWR 6.35%, better
Holdings: IFRA 165; POWR 73
Avg volume (30D): IFRA 398K sh, better; POWR 223K sh
NAV per share: IFRA $58.33; POWR $25.02
52W range

ETF.net Grade

Pillar letters and Scores for IFRA, POWR, with each pillar’s weight
Pillar	IFRA	POWR
Cost30% weight	A100Higher	A86
Mission25% weight	A83	A85Higher
Risk15% weight	B55Higher	F21
Tradability15% weight	A95Higher	A75
Holdings10% weight	A82Higher	B57
Durability5% weight	A81Higher	A80

Rank among Infrastructure funds

How we build Categories ›

Same Category. IFRA and POWR 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 POWR 8th of 33 funds in the Infrastructure Category.

Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
Rank 2AIGFiShares Global Infrastructure ETFScore 83
Rank 7BIDGTiShares U.S. Digital Infrastructure and Real Estate ETFScore 67
Rank 8BPOWRiShares U.S. Power Infrastructure ETFScore 66
Rank 9BBKGIBNY Mellon Global Infrastructure Income ETFScore 61

Our read on each fund

ETF.net Research

IFRAAiShares U.S. Infrastructure ETF

POWRBiShares U.S. Power Infrastructure ETF

In short

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.

POWR Most infrastructure funds blend roads, ports and airports. POWR skips all that for electricity: US energy supply, generation, transmission, distribution and storage, about 70 names, at a fee below the typical infrastructure fund.

Stated mandate

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

POWR The fund seeks exposure to U.S. companies involved across the power infrastructure value chain, including energy supply, generation, transmission, distribution, and storage.

Why people hold it

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.

POWR One theme, end to end: US energy supply, power generation, transmission, distribution and storage, rather than a general infrastructure grab bag.ishares.com
At 0.39% it undercuts the median infrastructure ETF fee and lands below peers like PAVE (0.47%) and TOLZ (0.46%).
Standard iShares index plumbing: roughly 70 US stocks, quarterly distributions, and top-quartile standing in a crowded infrastructure peer group.ishares.com

Worth knowing

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.

POWR Old shell, new job. The fund dates to 2012, but it tracked a global energy producers index through October 28, 2025; the power mandate began after that.ishares.com
Concentrated by design: about 70 US stocks in one slice of the market, so utility regulation and power-demand sentiment move it more than the broad index does.
Trading is moderate rather than heavy at this asset size, so bid-ask spreads can run wider than the biggest infrastructure funds.

Full IFRA profile⁠

Full POWR profile⁠

IFRA vs POWR Holdings

How IFRA and POWR differ

Overlap by weight

39.5%

Shared holdings make up 58.5% of POWR and 39.5% of IFRA.

Level by level

Holdings38 in both39.5%
Sector6 Sectors79.7%
Countryby domicile95.4%
Asset classEquity100%

Sector

Sector weights in IFRA and POWR, widest gap first
Sector	More in IFRAMore in POWR	IFRA	POWR
Materials	IFRA +13.6 points	13.7%	0.1%
Energy	POWR +10.5 points	9.1%	19.6%
Utilities	POWR +9.2 points	42.0%	51.2%
Industrials	IFRA +6.4 points	34.9%	28.5%
Technology	POWR +0.6 points	0.0%	0.6%
Consumer Discretionary	IFRA +0.3 points	0.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IFRA and POWR, widest gap first
Country	More in IFRAMore in POWR	IFRA	POWR
Canada	IFRA +3.8 points	3.8%	0.0%
United Kingdom	POWR +3.2 points	0.0%	3.1%
United States	POWR +1.5 points	95.4%	96.8%
Switzerland	IFRA +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

IFRA33.1%
POWR46.3%

Securities held

IFRA161
POWR66

Asset class

IFRA: Equity
POWR: Equity

Holdings

Only in IFRA123
In both38
Only in POWR28

Only in IFRA

123 securities, 60.5% of IFRA by weight

Union Pacific4.25%
Csx3.75%
Caterpillar Inc3.10%
Norfolk Southern Corp2.99%
United Rentals2.82%
Williams2.60%
Nucor2.40%
Crh Public Limited PLC2.35%
Kinder Morgan1.89%
Tc Energy1.85%
Oneok1.75%
Comfort Systems Usa1.67%
Sempra1.61%
Vulcan Materials1.42%
Steel Dynamics Inc1.31%
Martin Marietta Materials1.21%
Emcor Group1.16%
Ati0.87%
Reliance Steel & Aluminum0.86%
Fortis0.86%
Atmos Energy0.83%
American Water Works0.82%
Amrize AG0.79%
Jacobs Solutions Inc0.70%
Api Group0.66%
James Hardie Industries PLC0.61%
Nisource0.61%
Carlisle Companies0.57%
Carpenter Technology0.53%
Mueller Industries Inc0.46%
Mastec Inc0.46%
Emera Inc0.43%
Sterling Infrastructure0.40%
Tetra Tech0.38%
Solstice Advanced Materials Inc0.37%
Owens Corning0.37%
Advanced Drainage Systems Inc0.37%
Dt Midstream0.36%
Essential Utilities Inc0.35%
Oshkosh Corp0.33%
Aecom0.32%
Stantec0.32%
Ies Inc0.31%
Cleveland Cliffs Inc0.31%
Simpson Manufacturing0.31%
Eastman Chemical0.29%
Pool0.28%
Commercial Metals0.27%
Armstrong World Industries0.27%
Builders Firstsource Inc0.26%

Only in POWR

28 securities, 41.5% of POWR by weight

Ge Vernova5.54%
Eaton PLC5.47%
Eqt4.92%
Hubbell Inc3.17%
Expand Energy2.97%
Nvent Electric PLC2.89%
First Solar2.66%
Antero Resources1.84%
Range Resources1.81%
Nextpower Inc1.71%
Generac Holdings1.66%
Enersys0.82%
Cnx Resources0.79%
Warrior Met Coal Inc0.64%
Powell Industries Inc0.64%
Talen Energy0.62%
Core Natural Resources0.61%
Itron0.60%
Enphase Energy0.48%
Aes0.43%
Solaredge Technologies0.26%
Alpha Metallurgical Resource0.23%
Ormat Tech Inc0.23%
Comstock Resources0.17%
Clearway Energy Inc Class C0.16%
Suncoke Energy Inc0.14%
Sunrun Inc0.07%
Nk Rosneft0.00%

Weight gaps

All 38 Holdings in both funds, largest gap first.

Holding weights in IFRA and POWR, widest gap first
Holding	More in IFRAMore in POWR	IFRA	POWR
Quanta Services IncPWR	POWR +2.49 points	3.59%	6.08%
Nextera EnergyNEE	POWR +2.16 points	4.06%	6.22%
SouthernSO	POWR +1.31 points	3.09%	4.40%
Duke Energy CorpDUK	POWR +1.20 points	2.85%	4.05%
Constellation Energy CorpCEG	POWR +0.98 points	2.55%	3.53%
American Electric Power IncAEP	POWR +0.86 points	2.03%	2.89%
Valmont IndsVMI	POWR +0.85 points	0.31%	1.16%
Dominion EnergyD	POWR +0.71 points	1.68%	2.39%
Entergy CorpETR	POWR +0.63 points	1.47%	2.10%
Xcel Energy IncXEL	POWR +0.60 points	1.43%	2.03%
Exelon CorpEXC	POWR +0.57 points	1.37%	1.94%
Consolidated EdisonED	POWR +0.53 points	1.23%	1.76%
VistraVST	POWR +0.46 points	1.32%	1.78%
Wec Energy GroupWEC	POWR +0.46 points	1.08%	1.54%
Myr Group IncMYRG	POWR +0.45 points	0.17%	0.62%
Public Service Enterprise GroupPEG	POWR +0.45 points	1.06%	1.51%
AmerenAEE	POWR +0.37 points	0.88%	1.25%
PG&E CorpPCG	POWR +0.35 points	0.83%	1.18%
Dte EnergyDTE	POWR +0.34 points	0.81%	1.15%
Centerpoint EnergyCNP	POWR +0.34 points	0.80%	1.14%
Ppl CorpPPL	POWR +0.32 points	0.77%	1.09%
Eversource EnergyES	POWR +0.31 points	0.74%	1.05%
Edison InternationalEIX	POWR +0.27 points	0.65%	0.92%
Nrg Energy IncNRG	POWR +0.27 points	0.55%	0.82%
Cms EnergyCMS	POWR +0.27 points	0.63%	0.90%
EvergyEVRG	POWR +0.25 points	0.56%	0.81%
Alliant Energy CorpLNT	POWR +0.23 points	0.53%	0.76%
Firstenergy CorpFE	POWR +0.22 points	0.78%	1.00%
Pinnacle WestPNW	POWR +0.16 points	0.37%	0.53%
Oge EnergyOGE	POWR +0.13 points	0.29%	0.42%
IdacorpIDA	POWR +0.10 points	0.24%	0.34%
Portland General ElectricPOR	POWR +0.06 points	0.15%	0.21%
Northwestern Energy GroupNWE	POWR +0.06 points	0.14%	0.20%
Insteel Industries IncIIIN	POWR +0.06 points	0.02%	0.08%
Txnm Energy IncTXNM	POWR +0.06 points	0.18%	0.24%
AvistaAVA	POWR +0.04 points	0.09%	0.13%
Mge EnergyMGEE	POWR +0.03 points	0.08%	0.11%
Unitil CorpUTL	POWR +0.01 points	0.03%	0.04%

All 161 IFRA holdings⁠All 67 POWR 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.

IFRA vs POWR Cost

Overpaying POWR vs IFRA

$1,749

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

IFRA 0.30%
$6,149
POWR 0.39%
$7,898

Amount$10,000

Years30 years

Cost over time

IFRA 0.30%
POWR 0.39%
Overpaying

Year by year

Year	IFRA	POWR	Overpaying
10	$545	$705	$160
20	$2,113	$2,725	$612
30	$6,149	$7,898	$1,749

Expense ratio

0.30%IFRA, cheaper
0.39%POWR

IFRA0.30%POWR0.39%

0.30%2.10%

Middle half of Infrastructure funds
Median 0.55%

IFRA cheapest of 33 funds

POWR 5th cheapest of 33 funds

IFRA vs POWR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IFRA 1.74%; POWR 6.35%, better
Payout (12M): IFRA $1.02; POWR $1.59
Last payment: IFRA $0.26; POWR $0.08
Ex-dividend: IFRA Sep 15, 2026; POWR Sep 15, 2026
Paid on: IFRA Sep 18, 2026; POWR Sep 18, 2026
Frequency: IFRA Quarterly; POWR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IFRAQuarterly · 35 paymentsAll IFRA payments⁠

POWRQuarterly · 21 paymentsAll POWR payments⁠

IFRA vs POWR Risk

Fall from peak · 5 years

IFRA
POWR

Risk facts

VolatilityStd dev, 3 years: IFRA 17.2%POWR 14.7%, better
Return per unit of riskSharpe ratio, 3 years: IFRA 0.92, betterPOWR 0.14
Worst fallMax drawdown, 5 years: IFRA −19.9%, betterPOWR −25.1%
Market sensitivityBeta, 5 years: IFRA 0.96POWR 0.47; Market = 1

IFRA and POWR in the news

All news⁠

Deep Dive
Infrastructure ETFs diverged nine points in September
Sep 9, 2026IFRAPOWR
Category Review
Infrastructure ETFs lagged stocks, and large construction funds fell hardest in the quarter
Updated Oct 20, 2026IFRA
ETF Filings
Kayne Anderson files energy and power ETFs as adviser of record
Sep 22, 2026POWR
ETF Filings
Wedbush files for a 50-stock analog ETF that excludes AI, chips and data centers
Sep 7, 2026IFRA

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IFRA vs POWR

In short

Stated mandate

Why people hold it