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IFRA vs. GII
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFRA vs. GII

Last updated Jun 23, 2026

IFRA (iShares U.S. Infrastructure ETF) and GII (SPDR S&P Global Infrastructure ETF) are both exchange-traded funds - IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while GII is a Utilities Equities fund tracking the S&P Global Infrastructure. Both are passively managed. Over the past 5 years, IFRA returned 14.59%/yr vs 10.83%/yr for GII. A 0.74 correlation means they provide meaningful diversification when combined. IFRA charges 0.30%/yr vs 0.40%/yr for GII.

Performance

IFRA vs. GII - Performance Comparison

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

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Returns By Period

In the year-to-date period, IFRA achieves a 20.29% return, which is significantly higher than GII's 9.51% return.

IFRA

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

GII

1D
0.13%
1M
-0.19%
YTD
9.51%
6M
10.02%
1Y
18.20%
3Y*
16.79%
5Y*
10.83%
10Y*
8.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFRA vs. GII - 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%
GII
SPDR S&P Global Infrastructure ETF		9.51%21.79%14.30%5.90%-0.54%11.39%-6.81%26.32%-4.99%

Correlation

The correlation between IFRA and GII 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 (1Y)
Calculated over the trailing 1-year period

0.68

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

0.71

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

0.77

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

0.74

The correlation between IFRA and GII has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

IFRA vs. GII - Sectors Allocation Comparison

Sectors
IFRA
GII

Industrials

39.4%
27.8%

Utilities

37.7%
25.9%

Basic Materials

14.7%

-

Energy

7.9%
20.3%

Consumer Cyclical

0.0%

-

Consumer Defensive

0.0%

-

Communication Services

-

0.3%

Financial Services

-

4.8%

Healthcare

-

-

Real Estate

-

0.1%

Technology

-

2.5%

Industrials

IFRA
39.4%
GII
27.8%

Utilities

IFRA
37.7%
GII
25.9%

Basic Materials

IFRA
14.7%
GII

-

Energy

IFRA
7.9%
GII
20.3%

Consumer Cyclical

IFRA
0.0%
GII

-

Consumer Defensive

IFRA
0.0%
GII

-

Communication Services

IFRA

-

GII
0.3%

Financial Services

IFRA

-

GII
4.8%

Healthcare

IFRA

-

GII

-

Real Estate

IFRA

-

GII
0.1%

Technology

IFRA

-

GII
2.5%

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

SPDR S&P Global Infrastructure ETF

Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. VOOIFRA vs. FNDAIFRA vs. IYHIFRA vs. IYE
Often compared with GII:
GII vs. IGFGII vs. PAVEGII vs. NFRAGII vs. TOLZGII vs. XLUGII vs. BNGII vs. SPY

Return for Risk

IFRA vs. GII — 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
GII
GII Risk / Return Rank: 5353
Overall Rank
GII Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
GII Sortino Ratio Rank: 4949
Sortino Ratio Rank
GII Omega Ratio Rank: 4949
Omega Ratio Rank
GII Calmar Ratio Rank: 6464
Calmar Ratio Rank
GII Martin Ratio Rank: 5252
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. GII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) and SPDR S&P Global Infrastructure ETF (GII). 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.

IFRAGIIDifference
Sharpe ratioReturn per unit of total volatility
2.26
1.68

+0.58

Sortino ratioReturn per unit of downside risk
3.25
2.35

+0.90

Omega ratioGain probability vs. loss probability

1.37

1.30

+0.07

Calmar ratioReturn relative to maximum drawdown

4.08

3.08

+1.01

Martin ratioReturn relative to average drawdown

14.93

8.81

+6.12

IFRA vs. GII - Sharpe Ratio Comparison

The current IFRA Sharpe Ratio is 2.26, which is higher than the GII Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IFRA and GII, 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. GII - Drawdown Comparison

The maximum IFRA drawdown since its inception was -41.06%, smaller than the maximum GII drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for IFRA and GII.

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Drawdown Indicators

IFRAGIIDifference

Max Drawdown

Largest peak-to-trough decline

-41.06%

-50.98%

+9.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.40%

-5.94%

-2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-19.93%

-14.31%

-5.62%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-20.67%

+0.74%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.84%

—

Current Drawdown

Current decline from peak

0.00%

-2.97%

+2.97%

Average Drawdown

Average peak-to-trough decline

-5.12%

-11.50%

+6.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

2.07%

+0.22%

Volatility

IFRA vs. GII - Volatility Comparison

iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 5.08% compared to SPDR S&P Global Infrastructure ETF (GII) at 3.60%. This indicates that IFRA's price experiences larger fluctuations and is considered to be riskier than GII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFRAGIIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.08%

3.60%

+1.48%

Volatility (6M)

Calculated over the trailing 6-month period

11.73%

8.96%

+2.77%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

10.88%

+4.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.91%

14.09%

+3.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.36%

17.14%

+4.22%

IFRA vs. GII - Expense Ratio Comparison

IFRA has a 0.30% expense ratio, which is lower than GII's 0.40% expense ratio.

Dividends

IFRA vs. GII - Dividend Comparison

IFRA's dividend yield for the trailing twelve months is around 1.55%, less than GII's 2.67% yield.

PositionTTM20252024202320222021202020192018201720162015
GII
SPDR S&P Global Infrastructure ETF		2.67%3.17%3.23%3.70%3.07%2.37%2.66%3.39%3.31%3.38%3.11%3.54%
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 GII 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.

IFRA has higher volatility (5.08%) compared to GII (3.60%). In terms of maximum drawdown, IFRA dropped -41.06% vs GII's -50.98%.

On 5-year performance, IFRA leads with 14.59% vs 10.83% for GII. On fees, IFRA is cheaper at 0.30% per year. On volatility, GII has been the lower-risk option at 3.60%. 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 10.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IFRA is cheaper with a 0.30% expense ratio, compared with 0.40% for GII.

GII has the higher dividend yield at 2.67%, compared with 1.55% for IFRA.

IFRA is categorized as Industrials Equities, while GII is Utilities Equities. IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR), while GII tracks S&P Global Infrastructure. They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for IFRA and 0.40% for GII.

IFRA currently has the higher Sharpe Ratio (2.26 vs 1.68), 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.

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