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INFR.L vs. IGF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INFR.L vs. IGF

Last updated Jun 5, 2026

INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index. Both are passively managed. Over the past 10 years, INFR.L returned 8.66%/yr vs 9.11%/yr for IGF. A 0.54 correlation means they provide meaningful diversification when combined. INFR.L charges 0.65%/yr vs 0.39%/yr for IGF.

Performance

INFR.L vs. IGF - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) and iShares Global Infrastructure ETF (IGF). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

INFR.L is traded in GBp, while IGF is traded in USD. To make them comparable, the IGF values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with INFR.L having a 9.52% return and IGF slightly lower at 9.18%. Over the past 10 years, INFR.L has underperformed IGF with an annualized return of 8.66%, while IGF has yielded a comparatively higher 9.11% annualized return.

INFR.L

1D
-1.24%
1M
-2.23%
YTD
9.52%
6M
8.44%
1Y
16.29%
3Y*
9.33%
5Y*
7.61%
10Y*
8.66%

IGF

1D
0.63%
1M
-0.98%
YTD
9.18%
6M
8.03%
1Y
17.67%
3Y*
13.42%
5Y*
11.48%
10Y*
9.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INFR.L vs. IGF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INFR.L
iShares Global Infrastructure UCITS ETF USD (Dist)		9.52%5.90%11.49%-4.96%5.77%19.54%-4.70%20.82%4.39%5.41%
IGF
iShares Global Infrastructure ETF		9.18%12.66%16.82%0.84%10.49%12.63%-9.24%21.04%-4.61%8.99%

Correlation

The correlation between INFR.L and IGF is 0.52, 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

0.52

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

0.58

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

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Dec 13, 2007

0.54

The correlation between INFR.L and IGF has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

INFR.L vs. IGF - Sectors Allocation Comparison

Sectors
INFR.L
IGF

Utilities

56.0%
41.1%

Industrials

20.8%
38.8%

Energy

16.4%
20.1%

Real Estate

5.0%
0.1%

Communication Services

1.0%

-

Technology

0.7%

-

Financial Services

0.0%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Healthcare

-

-

Utilities

INFR.L
56.0%
IGF
41.1%

Industrials

INFR.L
20.8%
IGF
38.8%

Energy

INFR.L
16.4%
IGF
20.1%

Real Estate

INFR.L
5.0%
IGF
0.1%

Communication Services

INFR.L
1.0%
IGF

-

Technology

INFR.L
0.7%
IGF

-

Financial Services

INFR.L
0.0%
IGF

-

Basic Materials

INFR.L

-

IGF

-

Consumer Cyclical

INFR.L

-

IGF

-

Consumer Defensive

INFR.L

-

IGF

-

Healthcare

INFR.L

-

IGF

-

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iShares Global Infrastructure UCITS ETF USD (Dist)

iShares Global Infrastructure ETF

Often compared with INFR.L:
INFR.L vs. DPGT.LINFR.L vs. IUIT.LINFR.L vs. IWDA.LINFR.L vs. ARCK.LINFR.L vs. FWRG.LINFR.L vs. IDWR.LINFR.L vs. WUTI.L
Often compared with IGF:
IGF vs. IFRAIGF vs. GIIIGF vs. NFRAIGF vs. SPYIGF vs. GLIFXIGF vs. VPUIGF vs. XLU

Return for Risk

INFR.L vs. IGF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INFR.L
INFR.L Risk / Return Rank: 4949
Overall Rank
INFR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
INFR.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
INFR.L Omega Ratio Rank: 4242
Omega Ratio Rank
INFR.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
INFR.L Martin Ratio Rank: 4848
Martin Ratio Rank
IGF
IGF Risk / Return Rank: 4949
Overall Rank
IGF Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
IGF Sortino Ratio Rank: 4646
Sortino Ratio Rank
IGF Omega Ratio Rank: 4545
Omega Ratio Rank
IGF Calmar Ratio Rank: 5858
Calmar Ratio Rank
IGF Martin Ratio Rank: 5151
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.

INFR.L vs. IGF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) and iShares Global Infrastructure ETF (IGF). 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.

INFR.LIGFDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.85

-0.31

Sortino ratioReturn per unit of downside risk
2.19
2.60

-0.41

Omega ratioGain probability vs. loss probability

1.27

1.32

-0.05

Calmar ratioReturn relative to maximum drawdown

3.13

3.48

-0.35

Martin ratioReturn relative to average drawdown

7.96

9.20

-1.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INFR.L vs. IGF - Sharpe Ratio Comparison

The current INFR.L Sharpe Ratio is 1.55, which is comparable to the IGF Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of INFR.L and IGF, 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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Sharpe Ratios by Period

INFR.LIGFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

1.85

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.95

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.57

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.39

+0.12

Drawdowns

INFR.L vs. IGF - Drawdown Comparison

The maximum INFR.L drawdown since its inception was -34.25%, smaller than the maximum IGF drawdown of -40.37%. Use the drawdown chart below to compare losses from any high point for INFR.L and IGF.

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Drawdown Indicators

INFR.LIGFDifference

Max Drawdown

Largest peak-to-trough decline

-34.25%

-40.37%

+6.12%

Max Drawdown (1Y)

Largest decline over 1 year

-5.19%

-5.10%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-11.08%

-11.18%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-22.87%

-17.01%

-5.86%

Max Drawdown (10Y)

Largest decline over 10 years

-26.75%

-35.17%

+8.42%

Current Drawdown

Current decline from peak

-3.70%

-3.39%

-0.31%

Average Drawdown

Average peak-to-trough decline

-6.12%

-7.58%

+1.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.93%

+0.11%

Volatility

INFR.L vs. IGF - Volatility Comparison

iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) has a higher volatility of 3.92% compared to iShares Global Infrastructure ETF (IGF) at 3.48%. This indicates that INFR.L's price experiences larger fluctuations and is considered to be riskier than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INFR.LIGFDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

3.48%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

7.73%

+1.19%

Volatility (1Y)

Calculated over the trailing 1-year period

10.49%

9.61%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.26%

12.11%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.10%

15.98%

-1.88%

INFR.L vs. IGF - Expense Ratio Comparison

INFR.L has a 0.65% expense ratio, which is higher than IGF's 0.39% expense ratio.

Dividends

INFR.L vs. IGF - Dividend Comparison

INFR.L's dividend yield for the trailing twelve months is around 2.82%, less than IGF's 2.97% yield.

PositionTTM20252024202320222021202020192018201720162015
IGF
iShares Global Infrastructure ETF		2.97%3.23%3.21%3.36%2.67%2.42%2.33%3.27%3.52%2.95%2.98%3.25%
INFR.L
iShares Global Infrastructure UCITS ETF USD (Dist)		2.82%2.97%2.96%3.02%2.54%2.60%2.84%2.70%2.99%3.51%3.45%4.75%

Frequently Asked Questions

INFR.L and IGF have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGF is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGF is cheaper with a 0.39% expense ratio, compared with 0.65% for INFR.L.

INFR.L is categorized as Utilities Equities, while IGF is Industrials Equities. INFR.L tracks FTSE Global Core Infrastructure Index, while IGF tracks S&P Global Infrastructure Index. Their fees differ too: 0.65% for INFR.L and 0.39% for IGF.

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