IVV vs NFRA
iShares Core S&P 500 ETF vs Northern Trust STOXX Global Broad Infrastructure ETF
Which is better, IVV or NFRA?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. NFRA is less concentrated, with 28.3% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | NFRA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.47% |
| AUM | $876.4B | $3.1B |
| Dividend Yield | 1.06% | 5.64% |
| Holdings | 508 | 216 |
| YTD Return | +11.57%Best | +9.09% |
| 1Y Return | +17.57%Best | +11.74% |
| 3Y Return (annualized) | +20.71%Best | +13.40% |
| 5Y Return (annualized) | +12.80%Best | +5.90% |
| Volatility (annualized) | 14.5% | 12.6%Best |
| Max Drawdown | -33.9% | -32.9%Best |
| $10,000 over 5 years | $18,262Best | $13,319 |
| Top 10 Weight | 37.9% | 28.3%Best |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Oct 8, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Oct 9, 2013 to Sep 10, 2026 (12.9 years).
IVV vs NFRA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
IVV vs NFRA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Northern Trust STOXX Global Broad Infrastructure ETF (NFRA) is an ETF from Northern Trust Asset Management. Over the past year IVV returned +17.57% while NFRA returned +11.74%. Year to date, IVV is up 11.57% versus a gain of 9.09% for NFRA.
Over three years, IVV compounded at +20.71% per year against +13.40% for NFRA; over five years the annualized figures are +12.80% and +5.90% respectively. Across the full 13-year window we track, IVV has the edge at +13.16% annualized vs +5.34%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% 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 -33.9% for IVV and -32.9% for NFRA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 5.64% for NFRA.
Holdings Overlap
3.8% of IVV's money is in holdings NFRA also owns. 34.9% of NFRA's money is in holdings IVV also owns.
The two portfolios partly overlap.
35 positions in common, counted across the 505 positions we hold weights for in IVV and 175 in NFRA, against full books of 508 and 216.
What only one of them owns
Our book lists 29 positions for NFRA that do not appear in our book for IVV (7.1% of the fund), and 460 for IVV that do not appear in NFRA (95.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in NFRA | Difference |
|---|---|---|---|
| VZVerizon Communications, Inc. | 0.29% | 2.64% | 2.35% |
| NEENextera Energy Inc. | 0.27% | 2.41% | 2.14% |
| UNPUnion Pacific Corp | 0.26% | 2.35% | 2.09% |
| TAt&t, Inc. | 0.24% | 2.27% | 2.03% |
| EQIXEquinix, Inc. | 0.16% | 1.43% | 1.27% |
| SOSouthern Co. | 0.16% | 1.40% | 1.24% |
| DUKDuke Energy Corp. | 0.14% | 1.30% | 1.16% |
| CEGConstellation Energy Corp | 0.13% | 1.27% | 1.14% |
| CSXCsx Corp. | 0.14% | 1.25% | 1.11% |
| CMCSAComcast Corp. Class A | 0.13% | 1.22% | 1.09% |
34.9% of NFRA is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $44 a year on a $10,000 investment.
Which performed better, IVV or NFRA?
Over the past year IVV returned +17.57% vs +11.74% for NFRA, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +13.16% vs +5.34% for NFRA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or NFRA?
IVV has been the more volatile fund at 14.5% annualized versus 12.6% for NFRA. Worst drawdown: IVV -33.9% vs NFRA -32.9%.
Should I hold both IVV and NFRA?
IVV and NFRA have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and NFRA?
34.9% of NFRA's money is in holdings IVV also owns. 34.9% of NFRA's is in holdings IVV also owns. They hold 35 positions in common, counted across the 505 positions we hold weights for in IVV and 175 in NFRA.
Which pays a higher dividend, IVV or NFRA?
IVV yields 1.06% while NFRA yields 5.64%, so NFRA currently pays the higher dividend yield.
Is NFRA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. NFRA is less concentrated, with 28.3% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.