NGIF vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricNGIFSPYWinner
Expense Ratio0.88%0.09%
AUM-$789.1B
Dividend Yield0.00%1.01%
Holdings65505
YTD Return+1.12%+14.47%
1Y Return-+21.96%
3Y Return (annualized)-+21.70%
5Y Return (annualized)-+13.30%
Volatility (annualized)-15.3%
Max Drawdown-4.0%-56.5%
Fund FamilyNuveenState Street Investment Management
CategoryEquityEquity
InceptionJun 2, 2026Jan 22, 1993

NGIF vs SPY Performance

Nuveen Global Infrastructure Fund ETF (NGIF) is a ETF from Nuveen and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, NGIF is up 1.12% versus a gain of 14.47% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -4.0% for NGIF 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

NGIF charges 0.88% per year while SPY charges 0.09%. On a $10,000 position that is $88 vs $9 annually, a gap of $79 per year that compounds over a long holding period. On income, NGIF currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

2.4%overlap

NGIF and SPY share 23 holdings out of 545 unique holdings combined, representing a 2.4% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in NGIFWeight in SPYDifference
ETR5.60%0.08%5.52%
AEP5.10%0.11%4.99%
NEE4.90%0.28%4.62%
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Frequently Asked Questions

Which is cheaper, NGIF or SPY?

NGIF has an expense ratio of 0.88% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $79 per year of difference.

What is the holdings overlap between NGIF and SPY?

NGIF and SPY share 23 common holdings with a 2.4% weight overlap. Combined, they hold 545 unique securities.

Which pays a higher dividend, NGIF or SPY?

NGIF yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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