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NFRA vs. XLUI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NFRA vs. XLUI

Last updated Jun 4, 2026

NFRA (FlexShares STOXX Global Broad Infrastructure Index Fund) and XLUI (State Street Utilities Select Sector SPDR Premium Income ETF) are both Utilities Equities funds. NFRA is passively managed, while XLUI is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. NFRA charges 0.47%/yr vs 0.35%/yr for XLUI.

Performance

NFRA vs. XLUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NFRA achieves a 8.93% return, which is significantly higher than XLUI's 4.99% 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%

XLUI

1D
-0.18%
1M
-4.28%
YTD
4.99%
6M
3.61%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NFRA vs. XLUI - Yearly Performance Comparison

2026 (YTD)2025
NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund		8.93%4.40%
XLUI
State Street Utilities Select Sector SPDR Premium Income ETF		4.99%0.51%

Correlation

The correlation between NFRA and XLUI is 0.55, 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 Jul 31, 2025

0.55

NFRA vs. XLUI - Sectors Allocation Comparison

Sectors
NFRA
XLUI

Industrials

25.9%

-

Utilities

25.0%

-

Communication Services

21.8%

-

Energy

11.6%

-

Real Estate

4.7%

-

Healthcare

3.6%

-

Technology

1.8%

-

Financial Services

0.7%
100.0%

Consumer Cyclical

0.2%

-

Consumer Defensive

0.1%

-

Basic Materials

-

-

Industrials

NFRA
25.9%
XLUI

-

Utilities

NFRA
25.0%
XLUI

-

Communication Services

NFRA
21.8%
XLUI

-

Energy

NFRA
11.6%
XLUI

-

Real Estate

NFRA
4.7%
XLUI

-

Healthcare

NFRA
3.6%
XLUI

-

Technology

NFRA
1.8%
XLUI

-

Financial Services

NFRA
0.7%
XLUI
100.0%

Consumer Cyclical

NFRA
0.2%
XLUI

-

Consumer Defensive

NFRA
0.1%
XLUI

-

Basic Materials

NFRA

-

XLUI

-

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FlexShares STOXX Global Broad Infrastructure Index Fund

State Street Utilities Select Sector SPDR Premium Income ETF

Often compared with NFRA:
NFRA vs. IGFNFRA vs. IFRANFRA vs. GIINFRA vs. PAVENFRA vs. ENFRNFRA vs. GRIDNFRA vs. ASET
Often compared with XLUI:
XLUI vs. XLUXLUI vs. POWRXLUI vs. VPUXLUI vs. PAVEXLUI vs. FUTYXLUI vs. XLEXLUI vs. JXI

Return for Risk

NFRA vs. XLUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NFRA
NFRA Risk / Return Rank: 3737
Overall Rank
NFRA Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
NFRA Sortino Ratio Rank: 3636
Sortino Ratio Rank
NFRA Omega Ratio Rank: 3535
Omega Ratio Rank
NFRA Calmar Ratio Rank: 3838
Calmar Ratio Rank
NFRA Martin Ratio Rank: 3838
Martin Ratio Rank
XLUI
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. XLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and State Street Utilities Select Sector SPDR Premium Income ETF (XLUI). 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.

NFRAXLUIDifference

Sharpe ratio

Return per unit of total volatility

1.32

—

—

Sortino ratio

Return per unit of downside risk

1.89

—

—

Omega ratio

Gain probability vs. loss probability

1.24

—

—

Calmar ratio

Return relative to maximum drawdown

1.87

—

—

Martin ratio

Return 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.

NFRA vs. XLUI - Sharpe Ratio Comparison

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Sharpe Ratios by Period

NFRAXLUIDifference

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

0.60

-0.11

Drawdowns

NFRA vs. XLUI - Drawdown Comparison

The maximum NFRA drawdown since its inception was -32.49%, which is greater than XLUI's maximum drawdown of -6.01%. Use the drawdown chart below to compare losses from any high point for NFRA and XLUI.

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Drawdown Indicators

NFRAXLUIDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-6.01%

-26.48%

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 Drawdown

Current decline from peak

-2.15%

-4.60%

+2.45%

Average Drawdown

Average peak-to-trough decline

-4.53%

-1.92%

-2.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.27%

—

—

Volatility

NFRA vs. XLUI - Volatility Comparison

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Volatility by Period

NFRAXLUIDifference

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%

11.12%

-0.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.98%

11.12%

+1.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

11.12%

+3.85%

NFRA vs. XLUI - Expense Ratio Comparison

NFRA has a 0.47% expense ratio, which is higher than XLUI's 0.35% expense ratio.

Dividends

NFRA vs. XLUI - Dividend Comparison

NFRA's dividend yield for the trailing twelve months is around 5.54%, less than XLUI's 12.81% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XLUI
State Street Utilities Select Sector SPDR Premium Income ETF		12.81%7.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NFRA and XLUI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLUI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLUI is cheaper with a 0.35% expense ratio, compared with 0.47% for NFRA.

XLUI has the higher dividend yield at 12.81%, compared with 5.54% for NFRA.

They also come from different issuers: FlexShares and State Street. Their fees differ too: 0.47% for NFRA and 0.35% for XLUI.

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