EFRA vs. IFRA

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares U.S. Infrastructure ETF (IFRA).

EFRA and IFRA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFRA is a passively managed fund by iShares that tracks the performance of the FTSE Green Revenues Select Infrastructure and Industrials Index - USD - Benchmark TR Net. It was launched on Nov 1, 2022. IFRA is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Infrastructure Index. It was launched on Apr 3, 2018. Both EFRA and IFRA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EFRA vs. IFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares U.S. Infrastructure ETF (IFRA). The values are adjusted to include any dividend payments, if applicable.

EFRA vs. IFRA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EFRA iShares Environmental Infrastructure and Industrials ETF	3.49%	13.76%	8.09%	14.49%	7.48%
IFRA iShares U.S. Infrastructure ETF	9.22%	15.90%	17.02%	13.42%	4.51%

Returns By Period

In the year-to-date period, EFRA achieves a 3.49% return, which is significantly lower than IFRA's 9.22% return.

EFRA

• 1D: 2.38%
• 1M: -8.29%
• YTD: 3.49%
• 6M: 3.36%
• 1Y: 17.83%
• 3Y*: 11.06%
• 5Y*: —
• 10Y*: —

IFRA

• 1D: 1.73%
• 1M: -4.77%
• YTD: 9.22%
• 6M: 9.42%
• 1Y: 29.26%
• 3Y*: 17.55%
• 5Y*: 12.58%
• 10Y*: —

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

EFRA vs. IFRA - Expense Ratio Comparison

EFRA has a 0.47% expense ratio, which is higher than IFRA's 0.30% expense ratio.

EFRA

iShares Environmental Infrastructure and Industrials ETF

IFRA

iShares U.S. Infrastructure ETF

Return for Risk

EFRA vs. IFRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EFRA

EFRA Risk / Return Rank: 61
EFRA Sharpe Ratio Rank: 63
EFRA Sortino Ratio Rank: 65
EFRA Omega Ratio Rank: 58
EFRA Calmar Ratio Rank: 62
EFRA Martin Ratio Rank: 57

IFRA

IFRA Risk / Return Rank: 87
IFRA Sharpe Ratio Rank: 86
IFRA Sortino Ratio Rank: 89
IFRA Omega Ratio Rank: 82
IFRA Calmar Ratio Rank: 89
IFRA Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EFRA vs. IFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares U.S. Infrastructure ETF (IFRA). 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.

	EFRA	IFRA	Difference
Sharpe ratio Return per unit of total volatility	1.11	1.72	-0.61
Sortino ratio Return per unit of downside risk	1.66	2.43	-0.76
Omega ratio Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio Return relative to maximum drawdown	1.59	2.74	-1.16
Martin ratio Return relative to average drawdown	5.64	11.75	-6.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EFRA vs. IFRA - Sharpe Ratio Comparison

The current EFRA Sharpe Ratio is 1.11, which is lower than the IFRA Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of EFRA and IFRA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EFRA	IFRA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.72	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.60	+0.32

Correlation

The correlation between EFRA and IFRA is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EFRA vs. IFRA - Dividend Comparison

EFRA's dividend yield for the trailing twelve months is around 4.19%, more than IFRA's 1.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EFRA iShares Environmental Infrastructure and Industrials ETF	4.19%	4.34%	3.79%	1.85%	0.14%	0.00%	0.00%	0.00%	0.00%
IFRA iShares U.S. Infrastructure ETF	1.70%	1.84%	1.75%	1.98%	1.98%	1.63%	2.08%	1.68%	2.50%

Drawdowns

EFRA vs. IFRA - Drawdown Comparison

The maximum EFRA drawdown since its inception was -16.25%, smaller than the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for EFRA and IFRA.

Drawdown Indicators

	EFRA	IFRA	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-41.06%	+24.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.20%	-10.68%	-0.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.93%	—
Current Drawdown Current decline from peak	-8.29%	-5.08%	-3.21%
Average Drawdown Average peak-to-trough decline	-3.52%	-5.21%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.50%	+0.66%

Volatility

EFRA vs. IFRA - Volatility Comparison

iShares Environmental Infrastructure and Industrials ETF (EFRA) has a higher volatility of 6.07% compared to iShares U.S. Infrastructure ETF (IFRA) at 5.31%. This indicates that EFRA's price experiences larger fluctuations and is considered to be riskier than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EFRA	IFRA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	5.31%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	10.31%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	17.12%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	17.80%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	21.45%	-6.00%