IVV vs NFRA
iShares Core S&P 500 ETF vs FlexShares STOXX Global Broad Infrastructure Index Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NFRA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.47% | |
| AUM | $865.2B | $3.0B | |
| Dividend Yield | 1.09% | 5.78% | |
| Holdings | 508 | 217 | |
| YTD Return | +14.50% | +9.90% | |
| 1Y Return | +22.02% | +11.75% | |
| 3Y Return (annualized) | +21.80% | +13.19% | |
| 5Y Return (annualized) | +13.37% | +5.99% | |
| Volatility (annualized) | 15.1% | 12.6% | |
| Max Drawdown | -56.5% | -32.9% | |
| Fund Family | iShares by BlackRock (US) | Flexshares Trust | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Oct 8, 2013 |
IVV vs NFRA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is a ETF from Flexshares Trust. Over the past year IVV returned +22.02% while NFRA returned +11.75%. Year to date, IVV is up 14.50% versus a gain of 9.90% for NFRA.
Over three years, IVV compounded at +21.80% per year against +13.19% for NFRA; over five years the annualized figures are +13.37% and +5.99% respectively. Across the full 13-year window we track, IVV has the edge at +7.07% annualized vs +5.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.6% for NFRA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -32.9% for NFRA. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while NFRA charges 0.47%. On a $10,000 position that is $3 vs $47 annually, a gap of $44 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.78% for NFRA.
Holdings Overlap
IVV and NFRA share 35 holdings out of 651 unique holdings combined, representing a 4.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NFRA?
IVV has an expense ratio of 0.03% while NFRA charges 0.47%. IVV is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, IVV or NFRA?
Over the past year IVV returned +22.02% vs +11.75% for NFRA, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.07% vs +5.43% for NFRA. Past performance does not guarantee future results.
Which is riskier, IVV or NFRA?
IVV has been the more volatile fund at 15.1% annualized versus 12.6% for NFRA. Worst drawdown: IVV -56.5% vs NFRA -32.9%.
Should I hold both IVV and NFRA?
IVV and NFRA have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NFRA?
IVV and NFRA share 35 common holdings with a 4.0% weight overlap. Combined, they hold 651 unique securities.
Which pays a higher dividend, IVV or NFRA?
IVV yields 1.09% while NFRA yields 5.78%, so NFRA currently pays the higher dividend yield.
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