NFRX vs SPY
Harrison Street Infrastructure Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NFRX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.09% | |
| AUM | $115M | $821.1B | |
| Dividend Yield | - | 1.01% | |
| Holdings | 43 | 505 | |
| YTD Return | +7.23% | +12.22% | |
| 1Y Return | - | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -7.3% | -56.5% | |
| Fund Family | Harrison Street Private Wealth LLC | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jan 29, 2026 | Jan 22, 1993 |
NFRX vs SPY Performance
Harrison Street Infrastructure Active ETF (NFRX) is a ETF from Harrison Street Private Wealth LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, NFRX is up 7.23% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -7.3% for NFRX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
NFRX charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period.
Holdings Overlap
NFRX and SPY share 17 holdings out of 521 unique holdings combined, representing a 1.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NFRX or SPY?
NFRX has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
What is the holdings overlap between NFRX and SPY?
NFRX and SPY share 17 common holdings with a 1.7% weight overlap. Combined, they hold 521 unique securities.
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