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NFRA vs. SWPPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NFRA vs. SWPPX

Last updated Aug 4, 2026
Documentation

NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and SWPPX (Schwab S&P 500 Index Fund) are both funds - NFRA is a Infrastructure Equities fund tracking the STOXX Global Broad Infrastructure Index, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, NFRA returned 6.88%/yr vs 15.13%/yr for SWPPX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. NFRA charges 0.47%/yr vs 0.02%/yr for SWPPX.

Performance

NFRA vs. SWPPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Schwab S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NFRA achieves a 9.49% return, which is significantly lower than SWPPX's 10.09% return. Over the past 10 years, NFRA has underperformed SWPPX with an annualized return of 6.88%, while SWPPX has yielded a comparatively higher 15.13% annualized return.

NFRA

1D
0.53%
1M
1.61%
6M
6.94%
YTD
9.49%
1Y
14.30%
3Y*
12.91%
5Y*
6.03%
10Y*
6.88%
ALL TIME*
6.94%

SWPPX

1D
0.68%
1M
0.16%
6M
7.94%
YTD
10.09%
1Y
21.46%
3Y*
19.39%
5Y*
12.82%
10Y*
15.13%
ALL TIME*
9.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund
$3.37M$2.66M$4.22M

SWPPX

Schwab S&P 500 Index Fund
$0.00$0.00$0.00

NFRA vs. SWPPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund		9.49%18.42%4.76%8.96%-10.11%9.61%2.24%26.27%-7.74%15.92%
SWPPX
Schwab S&P 500 Index Fund		10.09%17.87%24.96%26.26%-18.14%28.67%18.38%31.46%-4.47%21.81%

Correlation

The correlation between NFRA and SWPPX is 0.47, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.47

Correlation (3Y)
Balances recent behavior with more history.

0.52

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.65

Correlation (10Y)
Provides a long-term view across more market conditions.

0.71

Correlation (All Time)
Calculated using the full available price history since Oct 9, 2013

0.74

Over the past year, the correlation between NFRA and SWPPX has dropped to 0.47 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

NFRA vs. SWPPX - Sectors Allocation Comparison

Sectors
NFRA
SWPPX

Industrials

33.4%
8.4%

Utilities

24.5%
2.2%

Communication Services

22.4%
9.9%

Energy

9.1%
3.0%

Real Estate

4.7%
1.8%

Healthcare

4.5%
8.9%

Technology

1.3%
38.5%

Consumer Cyclical

0.3%
9.5%

Consumer Defensive

0.1%
4.5%

Financial Services

0.0%
11.6%

Basic Materials

-

1.7%

Industrials

NFRA
33.4%
SWPPX
8.4%

Utilities

NFRA
24.5%
SWPPX
2.2%

Communication Services

NFRA
22.4%
SWPPX
9.9%

Energy

NFRA
9.1%
SWPPX
3.0%

Real Estate

NFRA
4.7%
SWPPX
1.8%

Healthcare

NFRA
4.5%
SWPPX
8.9%

Technology

NFRA
1.3%
SWPPX
38.5%

Consumer Cyclical

NFRA
0.3%
SWPPX
9.5%

Consumer Defensive

NFRA
0.1%
SWPPX
4.5%

Financial Services

NFRA
0.0%
SWPPX
11.6%

Basic Materials

NFRA

-

SWPPX
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

FlexShares STOXX Global Broad Infrastructure Index Fund

Schwab S&P 500 Index Fund

Often compared with NFRA:
NFRA vs. IGFNFRA vs. IFRANFRA vs. GIINFRA vs. PAVENFRA vs. ENFRNFRA vs. GRIDNFRA vs. ASET
Often compared with SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. SNXFXSWPPX vs. QQQ

Return for Risk

NFRA vs. SWPPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
NFRA
NFRA Risk / Return Rank: 5353
Overall Rank
NFRA Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
NFRA Sortino Ratio Rank: 5555
Sortino Ratio Rank
NFRA Omega Ratio Rank: 5454
Omega Ratio Rank
NFRA Calmar Ratio Rank: 5353
Calmar Ratio Rank
NFRA Martin Ratio Rank: 4949
Martin Ratio Rank
SWPPX
SWPPX Risk / Return Rank: 5959
Overall Rank
SWPPX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 5151
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 5252
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 6161
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 7373
Martin Ratio Rank
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. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Schwab S&P 500 Index Fund (SWPPX). 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.

NFRASWPPXDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.52

-0.14

Sortino ratioReturn per unit of downside risk
2.00
2.11

-0.11

Omega ratioGain probability vs. loss probability

1.25

1.27

-0.02

Calmar ratioReturn relative to maximum drawdown

1.97

2.21

-0.23

Martin ratioReturn relative to average drawdown

5.87

9.45

-3.58

NFRA vs. SWPPX - Sharpe Ratio Comparison

The current NFRA Sharpe Ratio is 1.38, which is comparable to the SWPPX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of NFRA and SWPPX, 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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Drawdowns

NFRA vs. SWPPX - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NFRA and SWPPX.

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Drawdown Indicators

NFRASWPPXDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-55.06%

+22.57%

Max Drawdown (1Y)

Largest decline over 1 year

-7.28%

-8.89%

+1.61%

Max Drawdown (3Y)

Largest decline over 3 years

-9.16%

-18.74%

+9.58%

Max Drawdown (5Y)

Largest decline over 5 years

-22.75%

-24.51%

+1.76%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

-33.80%

+1.31%

Current Drawdown

Current decline from peak

-1.65%

-1.43%

-0.22%

Average Drawdown

Average peak-to-trough decline

-4.50%

-9.90%

+5.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

2.07%

+0.37%

Volatility

NFRA vs. SWPPX - Volatility Comparison

The current volatility for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is 1.93%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 3.56%. This indicates that NFRA experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NFRASWPPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.93%

3.56%

-1.63%

Volatility (6M)

Calculated over the trailing 6-month period

8.45%

10.14%

-1.69%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

12.90%

-2.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.96%

17.04%

-4.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

18.23%

-3.36%

NFRA vs. SWPPX - Expense Ratio Comparison

NFRA has a 0.47% expense ratio, which is higher than SWPPX's 0.02% expense ratio.

Dividends

NFRA vs. SWPPX - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 5.65%, more than SWPPX's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund		5.65%6.00%3.33%2.57%2.28%2.71%2.22%2.27%3.06%2.81%2.98%2.47%
SWPPX
Schwab S&P 500 Index Fund		1.01%1.11%1.23%1.43%1.67%1.27%1.81%1.95%2.67%1.79%2.55%3.17%

Frequently Asked Questions

NFRA and SWPPX 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.

SWPPX has higher volatility (3.56%) compared to NFRA (1.93%). In terms of maximum drawdown, NFRA dropped -32.49% vs SWPPX's -55.06%.

SWPPX currently has the higher Sharpe Ratio (1.52 vs 1.38), 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.

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