GLIX vs. NFRA
GLIX (Lazard Listed Infrastructure ETF) and NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) are both Utilities Equities funds. GLIX is actively managed, while NFRA is passively managed. A 0.68 correlation means they provide meaningful diversification when combined. GLIX charges 0.96%/yr vs 0.47%/yr for NFRA.
Performance
GLIX vs. NFRA - Performance Comparison
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Returns By Period
In the year-to-date period, GLIX achieves a 10.17% return, which is significantly higher than NFRA's 8.66% return.
GLIX
- 1D
- 0.79%
- 1M
- -0.13%
- YTD
- 10.17%
- 6M
- 10.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFRA
- 1D
- -0.24%
- 1M
- 0.06%
- YTD
- 8.66%
- 6M
- 8.93%
- 1Y
- 13.74%
- 3Y*
- 12.87%
- 5Y*
- 5.51%
- 10Y*
- 7.08%
GLIX vs. NFRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLIX Lazard Listed Infrastructure ETF | 10.17% | 0.49% |
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 8.66% | -0.09% |
Correlation
The correlation between GLIX and NFRA is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.68 |
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Return for Risk
GLIX vs. NFRA — Risk / Return Rank
GLIX
NFRA
GLIX vs. NFRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Listed Infrastructure ETF (GLIX) and FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GLIX | NFRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.33 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.43 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.48 | +0.92 |
Drawdowns
GLIX vs. NFRA - Drawdown Comparison
The maximum GLIX drawdown since its inception was -7.82%, smaller than the maximum NFRA drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for GLIX and NFRA.
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Drawdown Indicators
| GLIX | NFRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.82% | -32.49% | +24.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.28% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.49% | — |
Current DrawdownCurrent decline from peak | -3.04% | -2.39% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -4.53% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.27% | — |
Volatility
GLIX vs. NFRA - Volatility Comparison
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Volatility by Period
| GLIX | NFRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.30% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 10.37% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.94% | 12.98% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.94% | 14.97% | -3.03% |
GLIX vs. NFRA - Expense Ratio Comparison
GLIX has a 0.96% expense ratio, which is higher than NFRA's 0.47% expense ratio.
Dividends
GLIX vs. NFRA - Dividend Comparison
GLIX's dividend yield for the trailing twelve months is around 1.65%, less than NFRA's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIX Lazard Listed Infrastructure ETF | 1.65% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 5.55% | 6.00% | 3.33% | 2.57% | 2.28% | 2.71% | 2.22% | 2.27% | 3.06% | 2.81% | 2.98% | 2.47% |
Frequently Asked Questions
GLIX and NFRA have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NFRA is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NFRA is cheaper with a 0.47% expense ratio, compared with 0.96% for GLIX.
NFRA has the higher dividend yield at 5.55%, compared with 1.65% for GLIX.
They also come from different issuers: Lazard and FlexShares. Their fees differ too: 0.96% for GLIX and 0.47% for NFRA.
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