NFRA vs. ASET

Last updated Aug 2, 2026

NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and ASET (FlexShares Real Assets Allocation Index Fund) are both exchange-traded funds - NFRA is a Infrastructure Equities fund tracking the STOXX Global Broad Infrastructure Index, while ASET is a Diversified Portfolio fund tracking the Northern Trust Real Assets Allocation Total Return. Both are passively managed. NFRA charges 0.47%/yr vs 0.57%/yr for ASET.

Performance

NFRA vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFRA

• 1D: -0.33%
• 1M: 1.08%
• 6M: 5.98%
• YTD: 8.91%
• 1Y: 13.70%
• 3Y*: 11.88%
• 5Y*: 5.93%
• 10Y*: 6.83%
• ALL TIME*: 6.90%

ASET

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASET FlexShares Real Assets Allocation Index Fund	$0.00	$0.00	$0.00
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	$3.34M	$2.60M	$4.28M

NFRA vs. ASET - Yearly Performance Comparison

	2026 (YTD)
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	4.31%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

NFRA vs. ASET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NFRA

NFRA Risk / Return Rank: 55
NFRA Sharpe Ratio Rank: 57
NFRA Sortino Ratio Rank: 57
NFRA Omega Ratio Rank: 56
NFRA Calmar Ratio Rank: 55
NFRA Martin Ratio Rank: 50

ASET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NFRA vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	NFRA	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.97	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.94	—	—
Martin ratio: Return relative to average drawdown	5.78	—	—

Drawdowns

NFRA vs. ASET - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for NFRA and ASET.

Drawdown Indicators

	NFRA	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	0.00%	-32.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-9.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	—	—
Current Drawdown Current decline from peak	-2.16%	0.00%	-2.16%
Average Drawdown Average peak-to-trough decline	-4.50%	0.00%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	—	—

Volatility

Volatility by Period

	NFRA	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	0.00%	+10.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	0.00%	+12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.87%	0.00%	+14.87%

NFRA vs. ASET - Expense Ratio Comparison

NFRA has a 0.47% expense ratio, which is lower than ASET's 0.57% expense ratio.

Dividends

NFRA vs. ASET - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 5.68%, while ASET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	5.68%	6.00%	3.33%	2.57%	2.28%	2.71%	2.22%	2.27%	3.06%	2.81%	2.98%	2.47%

Frequently Asked Questions

Which ETF is better, NFRA or ASET?

On fees, NFRA is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFRA or ASET?

NFRA is cheaper with a 0.47% expense ratio, compared with 0.57% for ASET.

Which ETF pays a higher dividend yield, NFRA or ASET?

NFRA has the higher dividend yield at 5.68%, compared with 0.00% for ASET.

What is the main difference between NFRA and ASET?

NFRA is categorized as Infrastructure Equities, while ASET is Diversified Portfolio. NFRA tracks STOXX Global Broad Infrastructure Index, while ASET tracks Northern Trust Real Assets Allocation Total Return. They also come from different issuers: FlexShares and Northern Trust. Their fees differ too: 0.47% for NFRA and 0.57% for ASET.