IGF vs. GII

Last updated Jul 14, 2026

IGF (iShares Global Infrastructure ETF) and GII (SPDR S&P Global Infrastructure ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net), while GII is a Utilities Equities fund tracking the S&P Global Infrastructure. Both are passively managed. Over the past 10 years, IGF returned 8.23%/yr vs 8.24%/yr for GII. Their correlation of 0.87 suggests significant overlap in exposure. IGF charges 0.39%/yr vs 0.40%/yr for GII.

Performance

IGF vs. GII - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IGF having a 10.74% return and GII slightly lower at 10.33%. Both investments have delivered pretty close results over the past 10 years, with IGF having a 8.23% annualized return and GII not far ahead at 8.24%.

IGF

• 1D: 0.15%
• 1M: 0.97%
• 6M: 9.87%
• YTD: 10.74%
• 1Y: 17.66%
• 3Y*: 15.89%
• 5Y*: 11.06%
• 10Y*: 8.23%

GII

• 1D: 0.20%
• 1M: 0.90%
• 6M: 9.40%
• YTD: 10.33%
• 1Y: 17.28%
• 3Y*: 15.84%
• 5Y*: 11.03%
• 10Y*: 8.24%

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

IGF vs. GII - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGF iShares Global Infrastructure ETF	10.74%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%
GII SPDR S&P Global Infrastructure ETF	10.33%	21.79%	14.30%	5.90%	-0.54%	11.39%	-6.81%	26.32%	-10.08%	19.07%

Correlation

The correlation between IGF and GII is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007	0.87

The correlation between IGF and GII shifts across timeframes, from 0.87 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

IGF vs. GII - Sectors Allocation Comparison

Sectors	IGF	GII
Industrials	40.6%	27.5%
Utilities	39.7%	26.2%
Energy	19.6%	20.4%
Real Estate	0.1%	0.1%
Basic Materials	-	-
Communication Services	-	0.3%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	4.7%
Healthcare	-	-
Technology	-	2.5%

Return for Risk

IGF vs. GII — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 64
IGF Sharpe Ratio Rank: 63
IGF Sortino Ratio Rank: 64
IGF Omega Ratio Rank: 62
IGF Calmar Ratio Rank: 74
IGF Martin Ratio Rank: 60

GII

GII Risk / Return Rank: 61
GII Sharpe Ratio Rank: 59
GII Sortino Ratio Rank: 58
GII Omega Ratio Rank: 58
GII Calmar Ratio Rank: 73
GII Martin Ratio Rank: 59

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.

IGF vs. GII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.

	IGF	GII	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.58	+0.08
Sortino ratio: Return per unit of downside risk	2.35	2.21	+0.14
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	3.02	2.92	+0.10
Martin ratio: Return relative to average drawdown	8.32	8.07	+0.24

IGF vs. GII - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.66, which is comparable to the GII Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of IGF 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.

Drawdowns

IGF vs. GII - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, which is greater than GII's maximum drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for IGF and GII.

Drawdown Indicators

	IGF	GII	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-50.98%	-7.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-5.94%	+0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-14.29%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	-20.67%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	-42.84%	+0.73%
Current Drawdown Current decline from peak	-2.04%	-2.25%	+0.21%
Average Drawdown Average peak-to-trough decline	-11.82%	-11.47%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.14%	-0.01%

Volatility

IGF vs. GII - Volatility Comparison

iShares Global Infrastructure ETF (IGF) and SPDR S&P Global Infrastructure ETF (GII) have volatilities of 3.32% and 3.37%, 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.

Volatility by Period

	IGF	GII	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.37%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	9.19%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	10.73%	10.99%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	14.09%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	17.04%	-0.33%

IGF vs. GII - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is lower than GII's 0.40% expense ratio.

Dividends

IGF vs. GII - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.88%, more than GII's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GII SPDR S&P Global Infrastructure ETF	2.65%	3.17%	3.23%	3.70%	3.07%	2.37%	2.66%	3.39%	3.31%	3.38%	3.11%	3.54%
IGF iShares Global Infrastructure ETF	2.88%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%

Frequently Asked Questions

Can I hold both IGF and GII in my portfolio?

With a correlation of 0.98, IGF and GII move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IGF or GII?

GII has higher volatility (3.37%) compared to IGF (3.32%). In terms of maximum drawdown, IGF dropped -58.33% vs GII's -50.98%.

Which ETF is better, IGF or GII?

On 10-year performance, GII leads with 8.24% vs 8.23% for IGF. On fees, IGF is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGF or GII?

Over the 10-year period, GII has performed better with a 8.24% return vs 8.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGF or GII?

IGF is cheaper with a 0.39% expense ratio, compared with 0.40% for GII.

Which ETF pays a higher dividend yield, IGF or GII?

IGF has the higher dividend yield at 2.88%, compared with 2.65% for GII.

What is the main difference between IGF and GII?

IGF is categorized as Industrials Equities, while GII is Utilities Equities. IGF tracks S&P Global Infrastructure Index (Net), while GII tracks S&P Global Infrastructure. They also come from different issuers: iShares and State Street. Their fees differ too: 0.39% for IGF and 0.40% for GII.

Which has better risk-adjusted returns?

IGF currently has the higher Sharpe Ratio (1.66 vs 1.58), 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.