BILT vs. NFRX
BILT (iShares Infrastructure Active ETF) and NFRX (Harrison Street Infrastructure Active ETF) are both Infrastructure Equities funds. Both are actively managed. Their correlation of 0.93 means they have usually moved in the same direction. BILT charges 0.60%/yr vs 0.80%/yr for NFRX.
Performance
BILT vs. NFRX - Performance Comparison
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Returns By Period
BILT
- 1D
- 0.11%
- 1M
- -1.05%
- 6M
- 8.99%
- YTD
- 14.30%
- 1Y
- 17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.07%
NFRX
- 1D
- -0.52%
- 1M
- -0.90%
- 6M
- 7.29%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38M | $1.70M | $1.65M | |
| $1.29K | $1.57K | $3.59K |
BILT vs. NFRX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BILT iShares Infrastructure Active ETF | 8.85% |
NFRX Harrison Street Infrastructure Active ETF | 7.78% |
Correlation
The correlation between BILT and NFRX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026 | 0.93 |
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Return for Risk
BILT vs. NFRX — Risk / Return Rank
BILT
NFRX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BILT vs. NFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and Harrison Street Infrastructure Active ETF (NFRX). 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.
| BILT | NFRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | — | — |
| Martin ratioReturn relative to average drawdown | 10.60 | — | — |
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Drawdowns
BILT vs. NFRX - Drawdown Comparison
The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum NFRX drawdown of -7.26%. Use the drawdown chart below to compare losses from any high point for BILT and NFRX.
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Drawdown Indicators
| BILT | NFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.38% | -7.26% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.38% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -2.62% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -2.46% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | — | — |
Volatility
BILT vs. NFRX - Volatility Comparison
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Volatility by Period
| BILT | NFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 13.50% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.31% | 13.50% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.31% | 13.50% | -3.19% |
BILT vs. NFRX - Expense Ratio Comparison
BILT has a 0.60% expense ratio, which is lower than NFRX's 0.80% expense ratio.
Dividends
BILT vs. NFRX - Dividend Comparison
BILT's dividend yield for the trailing twelve months is around 5.70%, more than NFRX's 0.99% yield.
| Position | TTM | 2025 |
|---|---|---|
BILT iShares Infrastructure Active ETF | 5.70% | 0.99% |
NFRX Harrison Street Infrastructure Active ETF | 0.99% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, BILT and NFRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BILT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BILT is cheaper with a 0.60% expense ratio, compared with 0.80% for NFRX.
BILT has the higher dividend yield at 5.70%, compared with 0.99% for NFRX.
They also come from different issuers: iShares and Harrison Street. Their fees differ too: 0.60% for BILT and 0.80% for NFRX.
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