NFRA vs. HD

Last updated Jun 24, 2026

NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) is Utilities Equities fund tracking the STOXX Global Broad Infrastructure Index, while HD (The Home Depot, Inc.) is a stock. Over the past 10 years, NFRA returned 7.32%/yr vs 12.58%/yr for HD. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

NFRA vs. HD - Performance Comparison

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

Returns By Period

In the year-to-date period, NFRA achieves a 7.66% return, which is significantly higher than HD's -4.32% return. Over the past 10 years, NFRA has underperformed HD with an annualized return of 7.32%, while HD has yielded a comparatively higher 12.58% annualized return.

NFRA

• 1D: 0.02%
• 1M: -2.01%
• YTD: 7.66%
• 6M: 7.77%
• 1Y: 12.35%
• 3Y*: 12.39%
• 5Y*: 5.69%
• 10Y*: 7.32%

HD

• 1D: -0.66%
• 1M: 4.46%
• YTD: -4.32%
• 6M: -4.57%
• 1Y: -6.65%
• 3Y*: 5.20%
• 5Y*: 3.35%
• 10Y*: 12.58%

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

NFRA vs. HD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	7.66%	18.42%	4.76%	8.96%	-10.11%	9.61%	2.24%	26.27%	-7.74%	15.92%
HD The Home Depot, Inc.	-4.32%	-9.33%	15.00%	12.77%	-21.98%	59.51%	24.50%	30.56%	-7.30%	44.61%

Correlation

The correlation between NFRA and HD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Oct 9, 2013	0.54

The correlation between NFRA and HD has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

NFRA vs. HD — Risk / Return Rank

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

NFRA

NFRA Risk / Return Rank: 35
NFRA Sharpe Ratio Rank: 35
NFRA Sortino Ratio Rank: 34
NFRA Omega Ratio Rank: 33
NFRA Calmar Ratio Rank: 35
NFRA Martin Ratio Rank: 36

HD

HD Risk / Return Rank: 30
HD Sharpe Ratio Rank: 31
HD Sortino Ratio Rank: 26
HD Omega Ratio Rank: 27
HD Calmar Ratio Rank: 35
HD Martin Ratio Rank: 34

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.

NFRA vs. HD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and The Home Depot, Inc. (HD). 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	HD	Difference
Sharpe ratio: Return per unit of total volatility	1.19	-0.28	+1.47
Sortino ratio: Return per unit of downside risk	1.71	-0.25	+1.96
Omega ratio: Gain probability vs. loss probability	1.21	0.97	+0.24
Calmar ratio: Return relative to maximum drawdown	1.70	-0.23	+1.93
Martin ratio: Return relative to average drawdown	5.27	-0.45	+5.73

NFRA vs. HD - Sharpe Ratio Comparison

The current NFRA Sharpe Ratio is 1.19, which is higher than the HD Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of NFRA and HD, 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

NFRA vs. HD - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, smaller than the maximum HD drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for NFRA and HD.

Drawdown Indicators

	NFRA	HD	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-70.46%	+37.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-28.81%	+21.53%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	-28.84%	+17.69%
Max Drawdown (5Y) Largest decline over 5 years	-22.75%	-34.73%	+11.98%
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	-37.99%	+5.50%
Current Drawdown Current decline from peak	-3.28%	-21.78%	+18.50%
Average Drawdown Average peak-to-trough decline	-4.52%	-20.60%	+16.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	14.67%	-12.32%

Volatility

NFRA vs. HD - Volatility Comparison

The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 2.96%, while The Home Depot, Inc. (HD) has a volatility of 7.64%. This indicates that NFRA experiences smaller price fluctuations and is considered to be less risky than HD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NFRA	HD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	7.64%	-4.68%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	18.41%	-9.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	24.05%	-13.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	24.20%	-11.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	24.89%	-10.00%

Dividends

NFRA vs. HD - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 5.75%, more than HD's 2.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HD The Home Depot, Inc.	2.90%	2.67%	2.31%	2.41%	2.41%	1.59%	2.26%	2.49%	2.40%	1.88%	2.06%	1.78%
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund	5.75%	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

Can I hold both NFRA and HD in my portfolio?

NFRA and HD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NFRA or HD?

HD has higher volatility (7.64%) compared to NFRA (2.96%). In terms of maximum drawdown, NFRA dropped -32.49% vs HD's -70.46%.

Which has better risk-adjusted returns?

NFRA currently has the higher Sharpe Ratio (1.19 vs -0.28), 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.