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IFRA vs. FNDA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFRA vs. FNDA

Last updated Jun 23, 2026

IFRA (iShares U.S. Infrastructure ETF) and FNDA (Schwab Fundamental US Small Co. Index ETF) are both exchange-traded funds - IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while FNDA is a Small Cap Blend Equities fund tracking the Russell RAFI Small Company US. Both are passively managed. Over the past 5 years, IFRA returned 14.59%/yr vs 7.85%/yr for FNDA. Their correlation of 0.88 suggests significant overlap in exposure. IFRA charges 0.30%/yr vs 0.25%/yr for FNDA.

Performance

IFRA vs. FNDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Infrastructure ETF (IFRA) and Schwab Fundamental US Small Co. Index ETF (FNDA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IFRA achieves a 20.29% return, which is significantly higher than FNDA's 17.58% return.

IFRA

1D
1.32%
1M
3.37%
YTD
20.29%
6M
19.25%
1Y
34.14%
3Y*
20.96%
5Y*
14.59%
10Y*
—

FNDA

1D
0.00%
1M
3.59%
YTD
17.58%
6M
15.13%
1Y
33.85%
3Y*
16.78%
5Y*
7.85%
10Y*
11.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFRA vs. FNDA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IFRA
iShares U.S. Infrastructure ETF		20.29%15.90%17.02%13.42%-3.32%29.81%7.37%27.00%-7.97%
FNDA
Schwab Fundamental US Small Co. Index ETF		17.58%7.44%9.00%20.29%-14.83%31.12%8.44%24.34%-10.91%

Correlation

The correlation between IFRA and FNDA is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2018

0.88

The correlation between IFRA and FNDA has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

IFRA vs. FNDA - Sectors Allocation Comparison

Sectors
IFRA
FNDA

Industrials

39.4%
19.3%

Utilities

37.7%
2.7%

Basic Materials

14.7%
5.2%

Energy

7.9%
5.5%

Consumer Cyclical

0.0%
12.2%

Consumer Defensive

0.0%
3.9%

Communication Services

-

4.0%

Financial Services

-

14.1%

Healthcare

-

7.1%

Real Estate

-

9.8%

Technology

-

16.2%

Industrials

IFRA
39.4%
FNDA
19.3%

Utilities

IFRA
37.7%
FNDA
2.7%

Basic Materials

IFRA
14.7%
FNDA
5.2%

Energy

IFRA
7.9%
FNDA
5.5%

Consumer Cyclical

IFRA
0.0%
FNDA
12.2%

Consumer Defensive

IFRA
0.0%
FNDA
3.9%

Communication Services

IFRA

-

FNDA
4.0%

Financial Services

IFRA

-

FNDA
14.1%

Healthcare

IFRA

-

FNDA
7.1%

Real Estate

IFRA

-

FNDA
9.8%

Technology

IFRA

-

FNDA
16.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Infrastructure ETF

Schwab Fundamental US Small Co. Index ETF

Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. GIIIFRA vs. VOOIFRA vs. IYHIFRA vs. IYE
Often compared with FNDA:
FNDA vs. SCHAFNDA vs. FNDCFNDA vs. VBKFNDA vs. SPYFNDA vs. IGFFNDA vs. LRGFFNDA vs. ESML

Return for Risk

IFRA vs. FNDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFRA
IFRA Risk / Return Rank: 7575
Overall Rank
IFRA Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IFRA Sortino Ratio Rank: 7676
Sortino Ratio Rank
IFRA Omega Ratio Rank: 6565
Omega Ratio Rank
IFRA Calmar Ratio Rank: 8181
Calmar Ratio Rank
IFRA Martin Ratio Rank: 7979
Martin Ratio Rank
FNDA
FNDA Risk / Return Rank: 6464
Overall Rank
FNDA Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
FNDA Sortino Ratio Rank: 6262
Sortino Ratio Rank
FNDA Omega Ratio Rank: 5656
Omega Ratio Rank
FNDA Calmar Ratio Rank: 7474
Calmar Ratio Rank
FNDA Martin Ratio Rank: 6666
Martin Ratio Rank
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. FNDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) and Schwab Fundamental US Small Co. Index ETF (FNDA). 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.

IFRAFNDADifference
Sharpe ratioReturn per unit of total volatility
2.26
1.96

+0.30

Sortino ratioReturn per unit of downside risk
3.25
2.80

+0.45

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.04

Calmar ratioReturn relative to maximum drawdown

4.08

3.63

+0.45

Martin ratioReturn relative to average drawdown

14.93

11.75

+3.18

IFRA vs. FNDA - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 2.26, which is comparable to the FNDA Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of IFRA and FNDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IFRA vs. FNDA - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, smaller than the maximum FNDA drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for IFRA and FNDA.

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Drawdown Indicators

IFRAFNDADifference

Max Drawdown

Largest peak-to-trough decline

-41.06%

-44.64%

+3.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-9.36%

+0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-19.93%

-25.92%

+5.99%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-25.92%

+5.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.64%

—

Current Drawdown

Current decline from peak

0.00%

-0.67%

+0.67%

Average Drawdown

Average peak-to-trough decline

-5.12%

-6.67%

+1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

2.89%

-0.60%

Volatility

IFRA vs. FNDA - Volatility Comparison

iShares U.S. Infrastructure ETF (IFRA) and Schwab Fundamental US Small Co. Index ETF (FNDA) have volatilities of 5.08% and 4.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFRAFNDADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

4.93%

+0.15%

Volatility (6M)

Calculated over the trailing 6-month period

11.73%

12.20%

-0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

17.41%

-2.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.91%

20.89%

-2.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.36%

22.40%

-1.04%

IFRA vs. FNDA - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is higher than FNDA's 0.25% expense ratio.

Dividends

IFRA vs. FNDA - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.55%, more than FNDA's 1.06% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDA
Schwab Fundamental US Small Co. Index ETF		1.06%1.22%1.53%1.37%1.38%1.15%1.31%1.38%1.64%1.30%1.18%1.33%
IFRA
iShares U.S. Infrastructure ETF		1.55%1.84%1.75%1.98%1.98%1.63%2.08%1.68%2.50%0.00%0.00%0.00%

Frequently Asked Questions

IFRA and FNDA 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.

IFRA has higher volatility (5.08%) compared to FNDA (4.93%). In terms of maximum drawdown, IFRA dropped -41.06% vs FNDA's -44.64%.

On 5-year performance, IFRA leads with 14.59% vs 7.85% for FNDA. On fees, FNDA is cheaper at 0.25% per year. On volatility, FNDA has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IFRA has performed better with a 14.59% return vs 7.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FNDA is cheaper with a 0.25% expense ratio, compared with 0.30% for IFRA.

IFRA has the higher dividend yield at 1.55%, compared with 1.06% for FNDA.

IFRA is categorized as Industrials Equities, while FNDA is Small Cap Blend Equities. IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR), while FNDA tracks Russell RAFI Small Company US. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.30% for IFRA and 0.25% for FNDA.

IFRA currently has the higher Sharpe Ratio (2.26 vs 1.96), 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.

Portfolio Optimizer

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