BILD vs. GII

Last updated Aug 6, 2026

BILD (Macquarie Global Listed Infrastructure ETF) and GII (SPDR S&P Global Infrastructure ETF) are both Infrastructure Equities funds. BILD is actively managed, while GII is passively managed. Over the past year, BILD returned 14.12% vs 13.38% for GII. Their correlation of 0.80 means they have usually moved in the same direction. BILD charges 0.49%/yr vs 0.40%/yr for GII.

Performance

BILD vs. GII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Global Listed Infrastructure ETF (BILD) and SPDR S&P Global Infrastructure ETF (GII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BILD having a 9.13% return and GII slightly lower at 8.94%.

BILD

• 1D: -1.09%
• 1M: -0.20%
• 6M: 3.60%
• YTD: 9.13%
• 1Y: 14.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.34%

GII

• 1D: -0.72%
• 1M: -1.28%
• 6M: 3.31%
• YTD: 8.94%
• 1Y: 13.38%
• 3Y*: 16.57%
• 5Y*: 10.66%
• 10Y*: 8.00%
• ALL TIME*: 5.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BILD Macquarie Global Listed Infrastructure ETF	$1.68K	$25.00K	$12.93K
GII SPDR S&P Global Infrastructure ETF	$3.07M	$4.24M	$4.13M

BILD vs. GII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BILD Macquarie Global Listed Infrastructure ETF	9.13%	21.08%	-2.68%	3.73%
GII SPDR S&P Global Infrastructure ETF	8.94%	21.79%	14.30%	4.43%

Correlation

The correlation between BILD and GII is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.80

The correlation between BILD and GII has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.

BILD vs. GII - Sectors Allocation Comparison

Sectors	BILD	GII
Utilities	48.8%	27.3%
Industrials	22.0%	22.9%
Energy	19.0%	21.6%
Communication Services	4.7%	0.3%
Real Estate	1.9%	0.1%
Financial Services	1.7%	4.7%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Technology	-	4.4%

Return for Risk

BILD vs. GII — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BILD

BILD Risk / Return Rank: 46
BILD Sharpe Ratio Rank: 45
BILD Sortino Ratio Rank: 43
BILD Omega Ratio Rank: 43
BILD Calmar Ratio Rank: 58
BILD Martin Ratio Rank: 44

GII

GII Risk / Return Rank: 45
GII Sharpe Ratio Rank: 42
GII Sortino Ratio Rank: 41
GII Omega Ratio Rank: 41
GII Calmar Ratio Rank: 55
GII Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BILD vs. GII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) and SPDR S&P Global Infrastructure ETF (GII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BILD	GII	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.23	+0.06
Sortino ratio: Return per unit of downside risk	1.79	1.76	+0.02
Omega ratio: Gain probability vs. loss probability	1.23	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	2.34	2.26	+0.08
Martin ratio: Return relative to average drawdown	5.56	6.02	-0.46

BILD vs. GII - Sharpe Ratio Comparison

The current BILD Sharpe Ratio is 1.29, which is comparable to the GII Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of BILD and GII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BILD vs. GII - Drawdown Comparison

The maximum BILD drawdown since its inception was -14.78%, smaller than the maximum GII drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for BILD and GII.

Drawdown Indicators

	BILD	GII	Difference
Max Drawdown Largest peak-to-trough decline	-14.78%	-50.98%	+36.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.05%	-5.94%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.84%	—
Current Drawdown Current decline from peak	-3.37%	-3.48%	+0.11%
Average Drawdown Average peak-to-trough decline	-3.68%	-11.44%	+7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.23%	+0.32%

Volatility

BILD vs. GII - Volatility Comparison

Macquarie Global Listed Infrastructure ETF (BILD) has a higher volatility of 2.91% compared to SPDR S&P Global Infrastructure ETF (GII) at 2.35%. This indicates that BILD's price experiences larger fluctuations and is considered to be riskier than GII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILD	GII	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.35%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	9.04%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	10.93%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	14.06%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.07%	17.03%	-3.96%

BILD vs. GII - Expense Ratio Comparison

BILD has a 0.49% expense ratio, which is higher than GII's 0.40% expense ratio.

Dividends

BILD vs. GII - Dividend Comparison

BILD's dividend yield for the trailing twelve months is around 4.73%, more than GII's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILD Macquarie Global Listed Infrastructure ETF	4.73%	3.05%	5.53%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GII SPDR S&P Global Infrastructure ETF	2.69%	3.17%	3.23%	3.70%	3.07%	2.37%	2.66%	3.39%	3.31%	3.38%	3.11%	3.54%

Frequently Asked Questions

Can I hold both BILD and GII in my portfolio?

BILD and GII have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILD or GII?

BILD has higher volatility (2.91%) compared to GII (2.35%). In terms of maximum drawdown, BILD dropped -14.78% vs GII's -50.98%.

Which ETF is better, BILD or GII?

On 1-year performance, BILD leads with 14.12% vs 13.38% for GII. On fees, GII is cheaper at 0.40% per year. On volatility, GII has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BILD or GII?

Over the 1-year period, BILD has performed better with a 14.12% return vs 13.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BILD or GII?

GII is cheaper with a 0.40% expense ratio, compared with 0.49% for BILD.

Which ETF pays a higher dividend yield, BILD or GII?

BILD has the higher dividend yield at 4.73%, compared with 2.69% for GII.

What is the main difference between BILD and GII?

They also come from different issuers: Macquarie and State Street. Their fees differ too: 0.49% for BILD and 0.40% for GII.

Which has better risk-adjusted returns?

BILD currently has the higher Sharpe Ratio (1.29 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.