NFRX vs. BILT

Last updated Jun 24, 2026

NFRX (Harrison Street Infrastructure Active ETF) and BILT (iShares Infrastructure Active ETF) are both Utilities Equities funds. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. NFRX charges 0.80%/yr vs 0.60%/yr for BILT.

Performance

NFRX vs. BILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harrison Street Infrastructure Active ETF (NFRX) and iShares Infrastructure Active ETF (BILT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NFRX

• 1D: 0.65%
• 1M: -0.39%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILT

• 1D: 0.43%
• 1M: -0.78%
• YTD: 13.47%
• 6M: 13.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NFRX vs. BILT - Yearly Performance Comparison

	2026 (YTD)
NFRX Harrison Street Infrastructure Active ETF	7.49%
BILT iShares Infrastructure Active ETF	8.06%

Correlation

The correlation between NFRX and BILT is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 30, 2026	0.93

Return for Risk

NFRX vs. BILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harrison Street Infrastructure Active ETF (NFRX) 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.

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.

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

Drawdowns

NFRX vs. BILT - Drawdown Comparison

The maximum NFRX drawdown since its inception was -7.26%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for NFRX and BILT.

Drawdown Indicators

	NFRX	BILT	Difference
Max Drawdown Largest peak-to-trough decline	-7.26%	-5.38%	-1.88%
Current Drawdown Current decline from peak	-2.88%	-1.42%	-1.46%
Average Drawdown Average peak-to-trough decline	-2.69%	-1.44%	-1.25%

Volatility

Volatility by Period

	NFRX	BILT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.87%	10.28%	+3.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	10.28%	+3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.87%	10.28%	+3.59%

NFRX vs. BILT - Expense Ratio Comparison

NFRX has a 0.80% expense ratio, which is higher than BILT's 0.60% expense ratio.

Dividends

NFRX vs. BILT - Dividend Comparison

NFRX's dividend yield for the trailing twelve months is around 0.21%, less than BILT's 5.74% yield.

Position	TTM	2025
BILT iShares Infrastructure Active ETF	5.74%	0.99%
NFRX Harrison Street Infrastructure Active ETF	0.21%	0.00%

Frequently Asked Questions

Can I hold both NFRX and BILT in my portfolio?

With a correlation of 0.93, NFRX and BILT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NFRX or BILT?

On fees, BILT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NFRX or BILT?

BILT is cheaper with a 0.60% expense ratio, compared with 0.80% for NFRX.

Which ETF pays a higher dividend yield, NFRX or BILT?

BILT has the higher dividend yield at 5.74%, compared with 0.21% for NFRX.

What is the main difference between NFRX and BILT?

They also come from different issuers: Harrison Street and iShares. Their fees differ too: 0.80% for NFRX and 0.60% for BILT.