IFRA vs. BKGI

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. Infrastructure ETF (IFRA) and Bny Mellon Global Infrastructure Income ETF (BKGI).

IFRA and BKGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BKGI is an actively managed fund by BNY Mellon. It was launched on Nov 2, 2022.

Performance

IFRA vs. BKGI - Performance Comparison

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

IFRA vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IFRA iShares U.S. Infrastructure ETF	9.22%	15.90%	17.02%	13.42%	4.51%
BKGI Bny Mellon Global Infrastructure Income ETF	10.41%	37.53%	12.35%	9.72%	8.54%

Returns By Period

In the year-to-date period, IFRA achieves a 9.22% return, which is significantly lower than BKGI's 10.41% return.

IFRA

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

BKGI

• 1D: 1.11%
• 1M: -3.70%
• YTD: 10.41%
• 6M: 15.93%
• 1Y: 32.81%
• 3Y*: 21.60%
• 5Y*: —
• 10Y*: —

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

IFRA vs. BKGI - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is lower than BKGI's 0.65% expense ratio.

BKGI

Bny Mellon Global Infrastructure Income ETF

IFRA

iShares U.S. Infrastructure ETF

Return for Risk

IFRA vs. BKGI — Risk / Return Rank

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

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

BKGI

BKGI Risk / Return Rank: 94
BKGI Sharpe Ratio Rank: 94
BKGI Sortino Ratio Rank: 93
BKGI Omega Ratio Rank: 95
BKGI Calmar Ratio Rank: 91
BKGI Martin Ratio Rank: 95

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.

IFRA vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	IFRA	BKGI	Difference
Sharpe ratio Return per unit of total volatility	1.72	2.25	-0.53
Sortino ratio Return per unit of downside risk	2.43	2.84	-0.41
Omega ratio Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio Return relative to maximum drawdown	2.74	3.13	-0.39
Martin ratio Return relative to average drawdown	11.75	15.90	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFRA vs. BKGI - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 1.72, which is comparable to the BKGI Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of IFRA and BKGI, 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

	IFRA	BKGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.25	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.66	-1.06

Correlation

The correlation between IFRA and BKGI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IFRA vs. BKGI - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.70%, less than BKGI's 2.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IFRA iShares U.S. Infrastructure ETF	1.70%	1.84%	1.75%	1.98%	1.98%	1.63%	2.08%	1.68%	2.50%
BKGI Bny Mellon Global Infrastructure Income ETF	2.40%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IFRA vs. BKGI - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for IFRA and BKGI.

Drawdown Indicators

	IFRA	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-41.06%	-14.79%	-26.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-10.35%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	-19.93%	—	—
Current Drawdown Current decline from peak	-5.08%	-3.76%	-1.32%
Average Drawdown Average peak-to-trough decline	-5.21%	-2.60%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.04%	+0.46%

Volatility

IFRA vs. BKGI - Volatility Comparison

iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 5.31% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 4.74%. This indicates that IFRA's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFRA	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	4.74%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	7.91%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	14.67%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	14.07%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.45%	14.07%	+7.38%