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TOLZ vs. IFRA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TOLZ vs. IFRA

Last updated Jun 23, 2026

TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and IFRA (iShares U.S. Infrastructure ETF) are both Industrials Equities funds - TOLZ tracks the Dow Jones Brookfield Global Infrastructure Composite Index while IFRA tracks the NYSE FactSet U.S. Infrastructure Index (TR). Both are passively managed. Over the past 5 years, TOLZ returned 8.61%/yr vs 14.59%/yr for IFRA. A 0.73 correlation means they provide meaningful diversification when combined. TOLZ charges 0.46%/yr vs 0.30%/yr for IFRA.

Performance

TOLZ vs. IFRA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and iShares U.S. Infrastructure ETF (IFRA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TOLZ achieves a 11.11% return, which is significantly lower than IFRA's 20.29% return.

TOLZ

1D
0.45%
1M
-3.18%
YTD
11.11%
6M
12.03%
1Y
16.22%
3Y*
14.79%
5Y*
8.61%
10Y*
7.84%

IFRA

1D
1.32%
1M
3.37%
YTD
20.29%
6M
19.25%
1Y
34.14%
3Y*
20.96%
5Y*
14.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TOLZ vs. IFRA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		11.11%14.76%11.67%6.18%-4.25%20.47%-9.46%26.84%-1.68%
IFRA
iShares U.S. Infrastructure ETF		20.29%15.90%17.02%13.42%-3.32%29.81%7.37%27.00%-7.97%

Correlation

The correlation between TOLZ and IFRA is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.52

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Apr 5, 2018

0.73

Over the past year, the correlation between TOLZ and IFRA has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

TOLZ vs. IFRA - Sectors Allocation Comparison

Sectors
TOLZ
IFRA

Energy

36.0%
7.9%

Utilities

22.2%
37.7%

Real Estate

7.9%

-

Industrials

5.1%
39.4%

Consumer Defensive

4.4%
0.0%

Financial Services

1.9%

-

Consumer Cyclical

0.8%
0.0%

Technology

0.4%

-

Basic Materials

-

14.7%

Communication Services

-

-

Healthcare

-

-

Energy

TOLZ
36.0%
IFRA
7.9%

Utilities

TOLZ
22.2%
IFRA
37.7%

Real Estate

TOLZ
7.9%
IFRA

-

Industrials

TOLZ
5.1%
IFRA
39.4%

Consumer Defensive

TOLZ
4.4%
IFRA
0.0%

Financial Services

TOLZ
1.9%
IFRA

-

Consumer Cyclical

TOLZ
0.8%
IFRA
0.0%

Technology

TOLZ
0.4%
IFRA

-

Basic Materials

TOLZ

-

IFRA
14.7%

Communication Services

TOLZ

-

IFRA

-

Healthcare

TOLZ

-

IFRA

-

Compare stocks, funds, or ETFs

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

ProShares DJ Brookfield Global Infrastructure ETF

iShares U.S. Infrastructure ETF

Often compared with TOLZ:
TOLZ vs. GIITOLZ vs. PAVETOLZ vs. BPTOLZ vs. GRIDTOLZ vs. BNTOLZ vs. BTALTOLZ vs. VOO
Often compared with IFRA:
IFRA vs. PAVEIFRA vs. IGFIFRA vs. NFRAIFRA vs. GIIIFRA vs. VOOIFRA vs. FNDAIFRA vs. IYH

Return for Risk

TOLZ vs. IFRA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TOLZ
TOLZ Risk / Return Rank: 5151
Overall Rank
TOLZ Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
TOLZ Sortino Ratio Rank: 4646
Sortino Ratio Rank
TOLZ Omega Ratio Rank: 4343
Omega Ratio Rank
TOLZ Calmar Ratio Rank: 6565
Calmar Ratio Rank
TOLZ Martin Ratio Rank: 5454
Martin Ratio Rank
IFRA
IFRA Risk / Return Rank: 7575
Overall Rank
IFRA Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IFRA Sortino Ratio Rank: 7676
Sortino Ratio Rank
IFRA Omega Ratio Rank: 6565
Omega Ratio Rank
IFRA Calmar Ratio Rank: 8181
Calmar Ratio Rank
IFRA Martin Ratio Rank: 7979
Martin Ratio Rank
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.

TOLZ vs. IFRA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and iShares U.S. Infrastructure ETF (IFRA). 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.

TOLZIFRADifference
Sharpe ratioReturn per unit of total volatility
1.57
2.26

-0.69

Sortino ratioReturn per unit of downside risk
2.25
3.25

-0.99

Omega ratioGain probability vs. loss probability

1.27

1.37

-0.10

Calmar ratioReturn relative to maximum drawdown

3.15

4.08

-0.93

Martin ratioReturn relative to average drawdown

9.12

14.93

-5.80

TOLZ vs. IFRA - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.57, which is lower than the IFRA Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of TOLZ and IFRA, 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

TOLZ vs. IFRA - Drawdown Comparison

The maximum TOLZ drawdown since its inception was -39.33%, roughly equal to the maximum IFRA drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for TOLZ and IFRA.

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Drawdown Indicators

TOLZIFRADifference

Max Drawdown

Largest peak-to-trough decline

-39.33%

-41.06%

+1.73%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-8.40%

+3.22%

Max Drawdown (3Y)

Largest decline over 3 years

-11.94%

-19.93%

+7.99%

Max Drawdown (5Y)

Largest decline over 5 years

-21.85%

-19.93%

-1.92%

Max Drawdown (10Y)

Largest decline over 10 years

-39.33%

—

—

Current Drawdown

Current decline from peak

-3.30%

0.00%

-3.30%

Average Drawdown

Average peak-to-trough decline

-6.61%

-5.12%

-1.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

2.29%

-0.51%

Volatility

TOLZ vs. IFRA - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.17%, while iShares U.S. Infrastructure ETF (IFRA) has a volatility of 5.08%. This indicates that TOLZ experiences smaller price fluctuations and is considered to be less risky than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TOLZIFRADifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

5.08%

-1.91%

Volatility (6M)

Calculated over the trailing 6-month period

8.28%

11.73%

-3.45%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

15.21%

-4.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

17.91%

-3.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

21.36%

-5.10%

TOLZ vs. IFRA - Expense Ratio Comparison

TOLZ has a 0.46% expense ratio, which is higher than IFRA's 0.30% expense ratio.

Dividends

TOLZ vs. IFRA - Dividend Comparison

TOLZ's dividend yield for the trailing twelve months is around 3.67%, more than IFRA's 1.55% yield.

PositionTTM20252024202320222021202020192018201720162015
IFRA
iShares U.S. Infrastructure ETF		1.55%1.84%1.75%1.98%1.98%1.63%2.08%1.68%2.50%0.00%0.00%0.00%
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		3.67%3.99%3.53%3.34%3.01%3.28%3.16%2.96%3.63%3.30%2.62%3.67%

Frequently Asked Questions

TOLZ and IFRA have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IFRA has higher volatility (5.08%) compared to TOLZ (3.17%). In terms of maximum drawdown, TOLZ dropped -39.33% vs IFRA's -41.06%.

On 5-year performance, IFRA leads with 14.59% vs 8.61% for TOLZ. On fees, IFRA is cheaper at 0.30% per year. On volatility, TOLZ has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IFRA has performed better with a 14.59% return vs 8.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IFRA is cheaper with a 0.30% expense ratio, compared with 0.46% for TOLZ.

TOLZ has the higher dividend yield at 3.67%, compared with 1.55% for IFRA.

TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index, while IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR). They also come from different issuers: ProShares and iShares. Their fees differ too: 0.46% for TOLZ and 0.30% for IFRA.

IFRA currently has the higher Sharpe Ratio (2.26 vs 1.57), 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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