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IGF vs NFRX

iShares Global Infrastructure ETF

IGFANasdaq

Harrison Street Infrastructure Active ETF

NFRXDNasdaq

Overlap

19.2%by weight

Expense ratio

IGF −0.43pt a year

IGF0.37%NFRX0.80%

Avg volume · 30D

IGF 4600.5×the volume

IGF874KNFRX190

IGF vs NFRX Performance

Jul 31, 2026 – Nov 2, 2026

−1.5%IGF−0.1%NFRX

Jul 31, 2026 to Nov 2, 2026. IGF −1.5%. NFRX −0.1%. Use the arrow keys to read each point.−8%−6%−4%Jul 2026Sep 2026Nov 2026
Expense ratio
IGF 0.37%, better
NFRX 0.80%
Fund size
IGF $10.9B
NFRX $115M
1Y total return
IGF +11.2%
NFRX No data
Yield (12M)
IGF 2.93%
NFRX No data
Holdings
IGF 89
NFRX 43
Avg volume (30D)
IGF 874K sh, better
NFRX 190 sh
NAV per share
IGF $65.84
NFRX $26.62
52W range

ETF.net Grade

IGF: Cost 92, Risk 72, Mission 85, Tradability 83, Holdings 72, Durability 92. NFRX: Cost 17, Risk 61, Mission not scored, Tradability 25, Holdings 36, Durability 43.
Pillar letters and Scores for IGF, NFRX, with each pillar’s weight
PillarIGFNFRX
Cost30% weightA92HigherF17
Mission25% weightA85Not scored
Risk15% weightA72HigherB61
Tradability15% weightA83HigherD25
Holdings10% weightA72HigherD36
Durability5% weightA92HigherC43

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 NFRX 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 NFRX 28th 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 27DNBETNeuberger Berman Energy Transition & Infrastructure ETFScore 32
  5. Rank 28DNFRXHarrison Street Infrastructure Active ETFScore 31
  6. Rank 29DGLIXLazard Listed Infrastructure ETFScore 29

Our read on each fund

ETF.net Research

IGFAiShares Global Infrastructure ETF

NFRXDHarrison Street Infrastructure Active 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).

NFRX Harrison Street's first ETF brings its private real-assets playbook to a ticker: an active, global book of utilities, midstream, digital and transport infrastructure. 0.80% net of a waiver through April 30, 2027.

Stated mandate

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

NFRX The fund seeks long-term capital appreciation and income.

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.
  • NFRX Actively managed and non-diversified, so the managers can run a concentrated book of infrastructure names rather than track an index.sec.gov
  • The hunting ground is spelled out: utilities, midstream energy, digital and transportation infrastructure, the essential-service corners of the market.colliers.com
  • Income sits in the mandate alongside long-term capital appreciation, and the fund pays quarterly.
  • The debut listed fund from a real-assets house whose day job is private infrastructure, run by its private wealth arm.colliers.com

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.
  • NFRX Costs 0.80% net of a waiver through April 30, 2027 (0.85% gross), above the category median; index peers IFRA (0.30%) and IGF (0.37%) charge less.
  • Launched January 2026 and thinly traded, so limit orders matter and the track record is still short.
  • Non-diversified means a single issuer stumble hits harder than in a broad index fund; concentration risk is named in its own filings.sec.gov

Full IGF profile⁠

Full NFRX profile⁠

IGF vs NFRX Holdings

How IGF and NFRX differ

Overlap by weight

19.2%

Shared holdings make up 32.5% of NFRX and 21.3% of IGF.

Level by level

  • Holdings10 in both19.2%
  • Countryby domicile64.9%
  • Asset classEquity100%

Sector

No Sector split for NFRX.

Country, concentration and asset class

Country by domicile

Country weights in IGF and NFRX, widest gap first
CountryMore in IGFMore in NFRX
United StatesNFRX +24.4 points
MexicoIGF +6.0 points
ChinaIGF +4.8 points
FranceIGF +4.5 points
GermanyIGF +3.6 points
New ZealandIGF +3.5 points
SpainIGF +3.5 points
AustraliaIGF +3.5 points
Other countries (10)NFRX +5.0 points

Outside the US: IGF 80% developed, 20% emerging. NFRX 87% developed, 13% emerging.

Concentration

Weight in the 10 largest Holdings

  • IGF38.6%
  • NFRX45.7%

Securities held

  • IGF75
  • NFRX43

Asset class

IGF
Equity
NFRX
Equity

Holdings

  • Only in IGF65
  • In both10
  • Only in NFRX33

Only in IGF

65 securities, 78.5% of IGF by weight

  • Transurban Group Stapled Units4.92%
  • Aena Sme SA4.89%
  • Iberdrola4.08%

Only in NFRX

33 securities, 68.0% of NFRX by weight

  • Union Pacific Corp6.56%
  • Aena Sme SA /Eur/4.87%
  • National Grid PLC /Gbp/4.66%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in IGF and NFRX, widest gap first
HoldingMore in IGFMore in NFRX
Xcel Energy IncXELNFRX +2.69 points
Targa ResourcesTRGPNFRX +2.21 points
Entergy CorpETRNFRX +2.08 points
WilliamsWMBNFRX +2.05 points
American Electric Power IncAEPNFRX +1.53 points
SempraSRENFRX +1.41 points
Dominion EnergyDIGF +1.11 points
Cheniere EnergyLNGNFRX +1.10 points

All 75 IGF holdings⁠All NFRX 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 NFRX Cost

Overpaying NFRX vs IGF

$7,833

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

  • IGF 0.37%

    $7,513

  • NFRX 0.80%

    $15,346

$10,000
30 years

Cost over time

  • IGF 0.37%
  • NFRX 0.80%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFRX $15,346IGF $7,513

Year by year

YearIGFNFRXOverpaying
10$670$1,422$752
20$2,590$5,393$2,803
30$7,513$15,346$7,833

Expense ratio

  • 0.37%IGF, cheaper
  • 0.80%NFRX
  • Middle half of Infrastructure funds
  • Median 0.55%

IGF 3rd cheapest of 33 funds

NFRX 28th cheapest of 33 funds

IGF vs NFRX Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
IGF 2.93%
NFRX No data
Payout (12M)
IGF $1.93
NFRX No data
Last payment
IGF $0.93
NFRX $0.08
Ex-dividend
IGF Jun 15, 2026
NFRX Sep 25, 2026
Paid on
IGF Jun 18, 2026
NFRX Sep 30, 2026
Frequency
IGF Twice a year
NFRX 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
NFRXQuarterly · 3 paymentsAll NFRX payments⁠
One bar per payment. 3 payments from 2017 to 2026 YTD. Mar 26, 2026 $0.06; Jun 25, 2026 $0.21; Sep 25, 2026 $0.08. Use the arrow keys to read each point.$0$12017202020232026YTD

IGF vs NFRX 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%NFRX No data
Return per unit of riskSharpe ratio, 3 years
IGF 1.18NFRX No data
Worst fallMax drawdown, 5 years
IGF −20.8%NFRX No data
Market sensitivityBeta, 5 years
IGF 0.62NFRX 0.03

IGF and NFRX in the news

All news⁠

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