NFRA vs SPY
Comparison between FLEXSHARES STOXX GLOBAL BROAD INFRASTRUCTURE INDEX FUND (NFRA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NFRA, delivering a return of +13.2% compared to +6.0%
NFRA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NFRA
$2.90B
Winner
SPY
$781B
Expense Ratio
NFRA
0.47%
Winner
SPY
0.09%
Max Drawdown
Winner
NFRA
32.86%
SPY
56.47%
Sharpe Ratio
NFRA
0.89
Winner
SPY
1.43
5Y Beta
Winner
NFRA
0.40
SPY
1.00
P/E Ratio
NFRA
34.30
Winner
SPY
26.48
Forward P/E
NFRA
N/A
SPY
20.89
PEG Ratio
NFRA
N/A
SPY
0.30
5Y Dividends CAGR
Winner
NFRA
22.36%
SPY
6.00%
5Y EPS CAGR
NFRA
N/A
SPY
26.40%
Debt to Equity
NFRA
N/A
SPY
48.17%
P/S Ratio
Winner
NFRA
2.80
SPY
3.72
P/B Ratio
Winner
NFRA
3.30
SPY
5.55
NFRA vs SPY - Holdings Comparison
NFRA and SPY have 36 common holdings. Overlap is 3.96%
NFRA's top 25 holdings weight is 50.13%. SPY's top 25 holdings weight is 51.49%.
| Rank | NFRA | SPY |
|---|---|---|
| #1 | SOFTBANK GROUP CORP (n/a) - 4.04% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | CANADIAN PACIFIC KANSAS CITY LTD (n/a) - 3.76% | APPLE INC (AAPL) - 7.44% |
| #3 | CANADIAN NATIONAL RAILWAY CO (n/a) - 3.22% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | DEUTSCHE POST AG (n/a) - 2.82% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | DEUTSCHE TELEKOM AG (n/a) - 2.62% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | NEXTERA ENERGY INC (NEE) - 2.55% | BROADCOM INC (AVGO) - 2.83% |
| #7 | VERIZON COMMUNICATIONS INC (VZ) - 2.48% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | IBERDROLA SA (n/a) - 2.43% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | UNION PACIFIC CORP (UNP) - 2.34% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | WASTE CONNECTIONS INC (WCN) - 2.06% | TESLA INC (TSLA) - 1.65% |
| #11 | AT&T INC (T) - 2.02% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | ENBRIDGE INC (ENB) - 1.88% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | BHARTI AIRTEL LTD (n/a) - 1.78% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | SOUTHERN CO (SO) - 1.52% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | TRANSURBAN GROUP (n/a) - 1.50% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | EQUINIX INC (EQIX) - 1.41% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | ENEL SPA (n/a) - 1.40% | VISA INC CLASS A (V) - 0.91% |
| #18 | DUKE ENERGY CORP (DUK) - 1.38% | INTEL CORP (INTC) - 0.77% |
| #19 | NATIONAL GRID PLC (n/a) - 1.33% | WALMART INC (WMT) - 0.75% |
| #20 | VEOLIA ENVIRONNEMENT SA (n/a) - 1.32% | ABBVIE INC (ABBV) - 0.70% |
| #21 | KDDI CORP (n/a) - 1.29% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | CSX CORP (CSX) - 1.27% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | WILLIAMS COMPANIES INC (WMB) - 1.25% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | NTT INC (n/a) - 1.24% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | T-MOBILE US INC (TMUS) - 1.22% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 207 | 505 |
NFRA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
NFRA
+1.60%
Winner
SPY
+2.30%
3M
NFRA
-0.34%
Winner
SPY
+5.00%
6M
NFRA
+3.99%
Winner
SPY
+11.88%
1Y
NFRA
+12.81%
Winner
SPY
+22.80%
5Y(CAGR)
NFRA
+6.04%
Winner
SPY
+13.20%
10Y(CAGR)
NFRA
+6.90%
Winner
SPY
+15.26%
Max(CAGR)
NFRA
+6.95%
Winner
SPY
+8.59%
NFRA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NFRA | SPY |
|---|---|---|
| 2026 | +9.00% | +13.10% |
| 2025 | +18.06% | +18.00% |
| 2024 | +4.74% | +25.59% |
| 2023 | +8.48% | +26.72% |
| 2022 | -10.12% | -18.64% |
| 2021 | +10.38% | +30.52% |
| 2020 | +2.09% | +17.28% |
| 2019 | +26.00% | +31.09% |
| 2018 | -8.07% | -5.24% |
| 2017 | +15.50% | +20.78% |
| 2016 | +9.64% | +13.59% |
| 2015 | -6.56% | +1.31% |
| 2014 | +10.98% | +14.56% |
| 2013 | +5.94% | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NFRA vs SPY Drawdown Comparison
The maximum drawdown for NFRA was -32.48%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NFRA drawdown is -1.55%. The current SPY drawdown is -0.36%.
| Rank | NFRA | SPY |
|---|---|---|
| #1 | -32.48% Feb 19, 2020 - Jan 8, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -22.74% Sep 2, 2021 - Jul 12, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -18.01% Apr 28, 2015 - Jul 14, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -13.24% Jan 26, 2018 - Feb 22, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.17% Sep 16, 2024 - Apr 28, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.10% Jul 29, 2016 - Mar 15, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.12% Sep 5, 2014 - Feb 24, 2015 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.28% Feb 27, 2026 - Mar 20, 2026 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -4.84% Jul 3, 2019 - Sep 12, 2019 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -4.82% Feb 24, 2015 - Apr 23, 2015 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.72% Jul 23, 2014 - Sep 3, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.60% Oct 20, 2025 - Jan 27, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.31% Jun 15, 2021 - Sep 1, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.22% Dec 31, 2013 - Feb 18, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.77% Jan 8, 2021 - Feb 11, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NFRA and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
NFRA vs SPY dividend yield comparison.
| Year | NFRA | SPY |
|---|---|---|
| 2026 | 1.15% | 0.48% |
| 2025 | 6.00% | 1.07% |
| 2024 | 3.33% | 1.21% |
| 2023 | 2.57% | 1.40% |
| 2022 | 2.28% | 1.65% |
| 2021 | 2.71% | 1.20% |
| 2020 | 2.22% | 1.52% |
| 2019 | 2.27% | 1.75% |
| 2018 | 3.06% | 2.04% |
| 2017 | 2.81% | 1.80% |
| 2016 | 2.98% | 2.03% |
| 2015 | 2.47% | 2.06% |
| 2014 | 3.01% | 1.87% |
| 2013 | 0.14% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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