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IGF vs NBET

iShares Global Infrastructure ETF

IGFANasdaq

Neuberger Berman Energy Transition & Infrastructure ETF

NBETDNYSE Arca

Overlap

11.7%by weight

Expense ratio

IGF −1.73pt a year

IGF0.37%NBET2.10%

Avg volume · 30D

IGF 153.4×the volume

IGF874KNBET5.7K

3Y return · a year

NBET +8.5pt

IGF+18.4%NBET+26.9%

IGF vs NBET Performance

Oct 31, 2025 – Nov 2, 2026

+11.2%IGF+35.4%NBET

Oct 31, 2025 to Nov 2, 2026. IGF +11.2%. NBET +35.4%. Use the arrow keys to read each point.0%20%30%40%Oct 2025May 2026Nov 2026
Expense ratio
IGF 0.37%, better
NBET 2.10%
Fund size
IGF $10.9B
NBET $58M
1Y total return
IGF +11.2%
NBET +35.4%, better
Yield (12M)
IGF 2.93%, better
NBET 2.39%
Holdings
IGF 89
NBET 34
Avg volume (30D)
IGF 874K sh, better
NBET 5.7K sh
NAV per share
IGF $65.84
NBET $43.42
52W range

ETF.net Grade

IGF: Cost 92, Risk 72, Mission 85, Tradability 83, Holdings 72, Durability 92. NBET: Cost 0, Risk 67, Mission not scored, Tradability 57, Holdings 31, Durability 55.
Pillar letters and Scores for IGF, NBET, with each pillar’s weight
PillarIGFNBET
Cost30% weightA92HigherF0
Mission25% weightA85Not scored
Risk15% weightA72HigherB67
Tradability15% weightA83HigherB57
Holdings10% weightA72HigherD31
Durability5% weightA92HigherB55

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. IGF and NBET 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 NBET 27th 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 24DPWRZTrueShares Eagle Global Next Gen Power Infrastructure ETFScore 34
  5. Rank 27DNBETNeuberger Berman Energy Transition & Infrastructure ETFScore 32
  6. Rank 28DNFRXHarrison Street Infrastructure Active ETFScore 31

Our read on each fund

ETF.net Research

IGFAiShares Global Infrastructure ETF

NBETDNeuberger Berman Energy Transition & Infrastructure ETF

In short

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).

NBET A concentrated global take on the energy transition build-out: grids, utilities, industrial materials, telecom networks and the real assets underneath them, roughly 30 names deep. A distinctive mandate carrying a premium price tag.

Stated mandate

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

NBET The Fund seeks exposure to equity securities of energy transition and infrastructure companies. Its mandate covers infrastructure assets and services across energy, utilities, industrial materials, real estate facilities, and telecommunications networks.

Why people hold it

  • 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.
  • NBET The mandate is wider than the label suggests: energy, utilities, industrial materials, real estate facilities and telecom networks all count as transition infrastructure.
  • Roughly 30 holdings spanning US and international markets, so individual names carry real weight instead of being diluted inside a sprawling index basket.
  • Trading since 2022, so there is a multi-year live record to inspect rather than a backtest, and the fund distributes quarterly.

Worth knowing

  • 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.
  • NBET Cost is the headline trade-off: 2.10% a year, versus index rivals in the same lane like IGF at 0.37% and IFRA at 0.30%.
  • A small fund that trades thinly, so bid-ask spreads and order size matter more here than with the category's heavyweights.
  • About 30 stocks tied to a single policy-sensitive theme: swings in that theme land harder than they would in a broad infrastructure basket.

Full IGF profile⁠

Full NBET profile⁠

IGF vs NBET Holdings

How IGF and NBET differ

Overlap by weight

11.7%

Shared holdings make up 34.3% of NBET and 12.6% of IGF.

Level by level

  • Holdings8 in both11.7%
  • Sector4 Sectors27.5%
  • Countryby domicile41.1%
  • Asset classEquity100%

Sector

Sector weights in IGF and NBET, widest gap first
SectorMore in IGFMore in NBET
EnergyNBET +70.6 points
TransportationIGF +39.3 points
UtilitiesIGF +33.3 points
IndustrialsNBET +1.9 points

Country, concentration and asset class

Country by domicile

Country weights in IGF and NBET, widest gap first
CountryMore in IGFMore in NBET
United StatesNBET +58.8 points
SpainIGF +9.2 points
MexicoIGF +7.5 points
FranceIGF +6.8 points
AustraliaIGF +6.4 points
CanadaIGF +5.3 points
ChinaIGF +4.8 points
United KingdomIGF +3.6 points
Other countries (6)IGF +15.2 points

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

Concentration

Weight in the 10 largest Holdings

  • IGF38.6%
  • NBET59.1%

Securities held

  • IGF75
  • NBET31

Asset class

IGF
Equity
NBET
Equity

Holdings

  • Only in IGF67
  • In both8
  • Only in NBET23

Only in IGF

67 securities, 87.1% of IGF by weight

  • Transurban Group Stapled Units4.92%
  • Aena Sme SA4.89%
  • Nextera Energy4.80%

Only in NBET

23 securities, 65.5% of NBET by weight

  • Energy Transfer Lp Mlp7.44%
  • Enterprise Products Partners Mlp7.16%
  • Conocophillips Common Stock5.27%

Weight gaps

All 8 Holdings in both funds, largest gap first.

Holding weights in IGF and NBET, widest gap first
HoldingMore in IGFMore in NBET
Targa ResourcesTRGPNBET +7.41 points
Dt MidstreamDTMNBET +5.25 points
Cheniere EnergyLNGNBET +4.67 points
Antero MidstreamAMNBET +3.33 points
WilliamsWMBNBET +1.49 points
OneokOKEIGF +0.97 points
SempraSRENBET +0.35 points
Pembina PipelineNBET +0.12 points

All 75 IGF holdings⁠All 30 NBET 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.

IGF vs NBET Cost

Overpaying NBET vs IGF

$26,608

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

  • IGF 0.37%

    $7,513

  • NBET 2.10%

    $34,121

$10,000
30 years

Cost over time

  • IGF 0.37%
  • NBET 2.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530NBET $34,121IGF $7,513

Year by year

YearIGFNBETOverpaying
10$670$3,537$2,867
20$2,590$12,665$10,075
30$7,513$34,121$26,608

Expense ratio

  • 0.37%IGF, cheaper
  • 2.10%NBET
  • Middle half of Infrastructure funds
  • Median 0.55%

IGF 3rd cheapest of 33 funds

NBET 33rd cheapest of 33 funds

IGF vs NBET Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
IGF 2.93%, better
NBET 2.39%
Payout (12M)
IGF $1.93
NBET $1.00
Last payment
IGF $0.93
NBET $0.31
Ex-dividend
IGF Jun 15, 2026
NBET Sep 23, 2026
Paid on
IGF Jun 18, 2026
NBET Sep 28, 2026
Frequency
IGF Twice a year
NBET Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IGFTwice a year · 19 paymentsAll IGF payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.74; Dec 21, 2017 $0.60; Jun 19, 2018 $0.70; Dec 18, 2018 $0.69; Jun 17, 2019 $0.79; Dec 16, 2019 $0.78; Jun 15, 2020 $0.44; Dec 14, 2020 $0.58; Jun 10, 2021 $0.68; Dec 13, 2021 $0.47; Jun 9, 2022 $0.70; Dec 13, 2022 $0.52; Jun 7, 2023 $0.68; Dec 20, 2023 $0.91; Jun 11, 2024 $0.83; Dec 17, 2024 $0.85; Jun 16, 2025 $0.98; Dec 16, 2025 $1.00; Jun 15, 2026 $0.93. Use the arrow keys to read each point.$0$12017202020232026YTD
NBETQuarterly · 10 paymentsAll NBET payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Dec 16, 2022 $0.20; Dec 19, 2023 $0.31; Dec 18, 2024 $0.77; Mar 21, 2025 $0.21; Jun 23, 2025 $0.27; Sep 23, 2025 $0.28; Dec 18, 2025 $0.13; Mar 20, 2026 $0.27; Jun 23, 2026 $0.30; Sep 23, 2026 $0.31. Use the arrow keys to read each point.$0$12017202020232026YTD

IGF vs NBET Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IGF 12.4%, betterNBET 18.5%
Return per unit of riskSharpe ratio, 3 years
IGF 1.18NBET 1.29, better
Worst fallMax drawdown, 5 years
IGF −20.8%NBET −18.7%since Apr 2022
Market sensitivityBeta, 5 years
IGF 0.62NBET 0.59

IGF and NBET in the news

All news⁠

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