IGF vs SRVR: Grades, Fees and Holdings Compared

iShares Global Infrastructure ETF

IGFANasdaq

Pacer Data & Infrastructure Real Estate ETF

SRVRCNYSE Arca

Overlap

0.5%by weight

Expense ratio

IGF −0.12pt a year

IGF0.37%SRVR0.49%

Avg volume · 30D

IGF 8.1×the volume

IGF874KSRVR108K

5Y return · a year

IGF +14.4pt

IGF+9.8%SRVR−4.6%

IGF vs SRVR Performance

Oct 29, 2021 – Oct 30, 2026

+59.9%IGF−20.8%SRVR

Expense ratio: IGF 0.37%, better; SRVR 0.49%
Fund size: IGF $10.9B; SRVR $292M
1Y total return: IGF +11.2%, better; SRVR −5.7%
Yield (12M): IGF 2.93%; SRVR 4.91%, better
Holdings: IGF 89; SRVR 69
Avg volume (30D): IGF 874K sh, better; SRVR 108K sh
NAV per share: IGF $65.84; SRVR $28.17
52W range

ETF.net Grade

Pillar letters and Scores for IGF, SRVR, with each pillar’s weight
Pillar	IGF	SRVR
Cost30% weight	A92Higher	B62
Mission25% weight	A85	Not scored
Risk15% weight	A72Higher	F21
Tradability15% weight	A83Higher	B62
Holdings10% weight	A72Higher	F20
Durability5% weight	A92Higher	B67

Rank among Infrastructure funds

How we build Categories ›

Same Category. IGF and SRVR 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 SRVR 17th 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 17CCSIOCohen & Steers Infrastructure Opportunities Active ETFScore 48
Rank 17CSRVRPacer Data & Infrastructure Real Estate ETFScore 48
Rank 19CBLDXImpax Global Infrastructure ETFScore 44

Our read on each fund

ETF.net Research

IGFAiShares Global Infrastructure ETF

SRVRCPacer Data & Infrastructure Real Estate 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).

SRVR Most infrastructure funds buy the builders and the toll roads. SRVR buys the landlords: US and global data and infrastructure real estate plus power generation, in about 70 names, at a fee below its peer group's median.

Stated mandate

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

SRVR The ETF seeks to track the Solactive GPR Data & Infrastructure Real Estate Index's total return before fees and expenses. It uses passive indexing and generally replicates the index, which covers U.S. and global data/infrastructure real-estate and power-generation companies.

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.

SRVR A property-owner angle on digital infrastructure: it tracks the Solactive GPR Data & Infrastructure Real Estate Index of US and global data/infrastructure real estate and power generation companies.
Fee is 0.49% a year, under the median for its infrastructure cohort, so you keep more of whatever the theme delivers.
Running since 2018 and purely rules-based: it replicates its index rather than stock-picking, and distributes quarterly.
On the whole package (cost, structure, staying power) it sits in the upper half of its infrastructure peer group.

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.

SRVR About 70 holdings in one narrow slice, so a handful of big property owners steer results far more than in broad infrastructure funds like IGF or PAVE.
The real estate wrapper cuts both ways: this has been one of the choppier rides among infrastructure funds.
Moderately traded rather than a category heavyweight, so spreads can run wider than on the busiest infrastructure ETFs.

Full IGF profile⁠

Full SRVR profile⁠

IGF vs SRVR Holdings

As of Oct 23, 2026

How IGF and SRVR differ

Overlap by weight

0.5%

Shared holdings make up 3.7% of IGF and 0.5% of SRVR.

Level by level

Holdings2 in both0.5%
Sector8 Sectors7.3%
Countryby domicile57.5%
Asset classEquity100%

Sector

Sector weights in IGF and SRVR, widest gap first
Sector	More in IGFMore in SRVR	IGF	SRVR
Real Estate	SRVR +67.8 points	0.0%	67.8%
Transportation	IGF +39.3 points	39.3%	0.0%
Utilities	IGF +37.9 points	40.4%	2.5%
Energy	IGF +15.6 points	20.4%	4.8%
Industrials	SRVR +10.4 points	0.0%	10.4%
Communication	SRVR +8.0 points	0.0%	8.0%
Technology	SRVR +5.9 points	0.0%	5.9%
Materials	SRVR +0.6 points	0.0%	0.6%

Country, concentration and asset class

Country by domicile

Country weights in IGF and SRVR, widest gap first
Country	More in IGFMore in SRVR	IGF	SRVR
United States	SRVR +39.4 points	38.5%	77.9%
Mexico	IGF +7.5 points	7.5%	0.0%
Canada	IGF +7.3 points	8.0%	0.7%
France	IGF +6.3 points	6.8%	0.5%
Spain	IGF +4.4 points	9.2%	4.8%
Australia	IGF +4.0 points	6.4%	2.4%
Germany	IGF +3.6 points	3.6%	0.0%
New Zealand	IGF +2.6 points	3.5%	0.9%
Other countries (9)	IGF +3.7 points	16.5%	12.8%

Outside the US: IGF 80% developed, 20% emerging. SRVR 71% developed, 29% emerging.

Concentration

Weight in the 10 largest Holdings

IGF38.6%
SRVR73.9%

Securities held

IGF75
SRVR67

Asset class

IGF: Equity
SRVR: Equity

Holdings

Only in IGF73
In both2
Only in SRVR65

Only in IGF

73 securities, 96.0% of IGF by weight

Transurban Group Stapled Units4.92%
Aena Sme SA4.89%
Nextera Energy4.80%
Iberdrola4.08%
Grupo Aeroportuario Del Pacifico A4.02%
Enbridge3.61%
Auckland International Airport3.45%
Williams2.99%
Southern2.96%
Getlink2.85%
Duke Energy Corp2.73%
National Grid PLC2.32%
Cheniere Energy2.24%
Targa Resources2.22%
Tc Energy2.21%
Kinder Morgan2.18%
Enel2.15%
Aeroports De Paris SA2.13%
Oneok2.01%
Flughafen Zuerich AG2.01%
American Electric Power Inc1.95%
Grupo Aeroportuario Adr Representi1.84%
Dominion Energy1.61%
Grupo Aeroportuario Del Centro Nor1.55%
Sempra1.55%
Japan Airport Terminal1.46%
Entergy Corp1.41%
Xcel Energy Inc1.37%
Exelon Corp1.31%
E.on N1.29%
Rwe AG1.21%
Vistra1.20%
Consolidated Edison1.18%
Sse PLC1.17%
Sats Ltd1.10%
China Merchants Port Holdings Ltd1.07%
Public Service Enterprise Group1.02%
Pembina Pipeline0.98%
Fraport AG0.96%
Dalrymple Bay Infrastructure Stapl0.83%
Jiangsu Expressway Ltd H0.74%
Enav Spa0.62%
Zhejiang Expressway Ltd H0.55%
Atlas Arteria Stapled Units0.52%
Athens International Airport0.50%
Hutchison Port Holdings Units Trus0.44%
Westshore Terminals Investment0.43%
Dt Midstream0.42%
Cosco Shipping Ports Ltd0.40%
Keyera0.38%

Only in SRVR

65 securities, 99.3% of SRVR by weight

American Tower Corp16.69%
Equinix Inc16.02%
Digital Realty Trust Inc15.62%
Crown Castle Inc5.21%
Iron Mountain Inc4.99%
Cellnex Telecom SA4.84%
SBA Communications Corp4.69%
China Tower Corp Ltd2.46%
Iridium Communications Inc1.90%
Keppel DC REIT1.48%
NEXTDC Ltd1.34%
Helios Towers PLC1.22%
GDS Holdings Ltd1.22%
Infrastrutture Wireless Italiane SpA0.96%
KEPCO Engineering & Construction Co Inc0.95%
Chorus Ltd0.88%
Rolls-Royce Holdings PLC0.83%
Mitsubishi Heavy Industries Ltd0.75%
NuScale Power Corp0.75%
NANO Nuclear Energy Inc0.75%
Cameco Corp0.73%
Ses SA0.70%
Eagle Nuclear Energy Corp0.70%
Centrus Energy Corp0.69%
Hyundai Engineering & Construction Co Ltd0.66%
Oklo Inc0.65%
BWX Technologies Inc0.60%
Vertiv Holdings Co0.59%
Uniti Group Inc0.58%
Terrestrial Energy Inc0.51%
Uranium Energy Corp0.51%
Energy Fuels Inc/Canada0.50%
Lightbridge Corp0.48%
ASP Isotopes Inc0.48%
Woojin Inc0.48%
Silex Systems Ltd0.47%
Mirion Technologies Inc0.46%
Korea Electric Power Corp0.46%
Encore Energy Corp0.45%
Superloop Ltd0.35%
Eutelsat Communications SACA0.33%
Vnet Group Inc0.33%
Ntt Dc Reit0.31%
GE Vernova Inc0.30%
Ur-Energy Inc0.29%
IHI Corp0.29%
Curtiss-Wright Corp0.29%
X-Energy Inc0.26%
Fluor Corp0.26%
Parker-Hannifin Corp0.25%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in IGF and SRVR, widest gap first
Holding	More in IGFMore in SRVR	IGF	SRVR
Constellation Energy CorpCEG	IGF +1.85 points	2.37%	0.52%
Engie SA	IGF +1.33 points	1.35%	0.02%

All 75 IGF holdings⁠All 76 SRVR 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 SRVR Cost

Overpaying SRVR vs IGF

$2,279

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

IGF 0.37%
$7,513
SRVR 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

IGF 0.37%
SRVR 0.49%
Overpaying

Year by year

Year	IGF	SRVR	Overpaying
10	$670	$883	$213
20	$2,590	$3,394	$804
30	$7,513	$9,792	$2,279

Expense ratio

0.37%IGF, cheaper
0.49%SRVR

IGF0.37%SRVR0.49%

0.30%2.10%

Middle half of Infrastructure funds
Median 0.55%

IGF 3rd cheapest of 33 funds

SRVR 13th cheapest of 33 funds

IGF vs SRVR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IGF 2.93%; SRVR 4.91%, better
Payout (12M): IGF $1.93; SRVR $1.38
Last payment: IGF $0.93; SRVR $0.64
Ex-dividend: IGF Jun 15, 2026; SRVR Sep 3, 2026
Paid on: IGF Jun 18, 2026; SRVR Sep 8, 2026
Frequency: IGF Twice a year; SRVR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IGFTwice a year · 19 paymentsAll IGF payments⁠

SRVRQuarterly · 32 paymentsAll SRVR payments⁠

IGF vs SRVR Risk

Fall from peak · 5 years

IGF
SRVR

Risk facts

VolatilityStd dev, 3 years: IGF 12.4%, betterSRVR 19.5%
Return per unit of riskSharpe ratio, 3 years: IGF 1.18, betterSRVR 0.17
Worst fallMax drawdown, 5 years: IGF −20.8%, betterSRVR −40.9%
Market sensitivityBeta, 5 years: IGF 0.62SRVR 1.13; Market = 1

IGF and SRVR in the news

All news⁠

Deep Dive
Infrastructure ETFs diverged nine points in September
Sep 9, 2026IGFSRVR
Category Review
Infrastructure ETFs lagged stocks, and large construction funds fell hardest in the quarter
Updated Oct 20, 2026IGF
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
Deep Dive
The 10-year is back at 5.01%. Listed REIT funds fell 2%
Sep 19, 2026SRVR
Deep Dive
Equity REIT funds fell 1.3%. VanEck's mortgage REIT fund hit a 52-week low
Sep 12, 2026SRVR

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