NFRA vs. BILT
NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and BILT (iShares Infrastructure Active ETF) are both Utilities Equities funds. NFRA is passively managed, while BILT is actively managed. A 0.78 correlation means they provide meaningful diversification when combined. NFRA charges 0.47%/yr vs 0.60%/yr for BILT.
Performance
NFRA vs. BILT - Performance Comparison
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Returns By Period
In the year-to-date period, NFRA achieves a 8.93% return, which is significantly lower than BILT's 12.39% return.
NFRA
- 1D
- -1.08%
- 1M
- 0.27%
- YTD
- 8.93%
- 6M
- 9.67%
- 1Y
- 13.59%
- 3Y*
- 12.91%
- 5Y*
- 5.56%
- 10Y*
- 7.17%
BILT
- 1D
- 0.00%
- 1M
- -1.24%
- YTD
- 12.39%
- 6M
- 11.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFRA vs. BILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | 8.93% | 4.74% |
BILT iShares Infrastructure Active ETF | 12.39% | 3.99% |
Correlation
The correlation between NFRA and BILT is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.78 |
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Return for Risk
NFRA vs. BILT — Risk / Return Rank
NFRA
BILT
NFRA vs. BILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and iShares Infrastructure Active ETF (BILT). 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.
| NFRA | BILT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | — | — |
| Martin ratioReturn relative to average drawdown | 6.01 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NFRA | BILT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 2.00 | -1.51 |
Drawdowns
NFRA vs. BILT - Drawdown Comparison
The maximum NFRA drawdown since its inception was -32.49%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for NFRA and BILT.
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Drawdown Indicators
| NFRA | BILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -5.38% | -27.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -2.36% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -1.44% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | — | — |
Volatility
NFRA vs. BILT - Volatility Comparison
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Volatility by Period
| NFRA | BILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 10.28% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 10.28% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 10.28% | +4.69% |
NFRA vs. BILT - Expense Ratio Comparison
NFRA has a 0.47% expense ratio, which is lower than BILT's 0.60% expense ratio.
Dividends
NFRA vs. BILT - Dividend Comparison
NFRA's dividend yield for the trailing twelve months is around 5.54%, more than BILT's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILT iShares Infrastructure Active ETF | 1.33% | 0.99% | 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 | 5.54% | 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
NFRA and BILT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NFRA is cheaper with a 0.47% expense ratio, compared with 0.60% for BILT.
NFRA has the higher dividend yield at 5.54%, compared with 1.33% for BILT.
They also come from different issuers: FlexShares and iShares. Their fees differ too: 0.47% for NFRA and 0.60% for BILT.
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