UPGR vs. BILD

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Macquarie Global Listed Infrastructure ETF (BILD).

UPGR and BILD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPGR is a passively managed fund by Xtrackers that tracks the performance of the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross. It was launched on Jul 12, 2023. BILD is an actively managed fund by Macquarie. It was launched on Nov 28, 2023.

Performance

UPGR vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

UPGR vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	-1.84%	35.25%	-14.72%	13.54%
BILD Macquarie Global Listed Infrastructure ETF	9.56%	21.08%	-2.68%	3.97%

Returns By Period

In the year-to-date period, UPGR achieves a -1.84% return, which is significantly lower than BILD's 9.56% return.

UPGR

• 1D: 0.49%
• 1M: -5.50%
• YTD: -1.84%
• 6M: -2.02%
• 1Y: 54.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILD

• 1D: 0.55%
• 1M: -2.79%
• YTD: 9.56%
• 6M: 11.25%
• 1Y: 26.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPGR vs. BILD - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is lower than BILD's 0.49% expense ratio.

BILD

Macquarie Global Listed Infrastructure ETF

UPGR

Xtrackers US Green Infrastructure Select Equity ETF

Return for Risk

UPGR vs. BILD — Risk / Return Rank

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

UPGR

UPGR Risk / Return Rank: 81
UPGR Sharpe Ratio Rank: 83
UPGR Sortino Ratio Rank: 84
UPGR Omega Ratio Rank: 72
UPGR Calmar Ratio Rank: 91
UPGR Martin Ratio Rank: 74

BILD

BILD Risk / Return Rank: 91
BILD Sharpe Ratio Rank: 91
BILD Sortino Ratio Rank: 91
BILD Omega Ratio Rank: 91
BILD Calmar Ratio Rank: 90
BILD Martin Ratio Rank: 92

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.

UPGR vs. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

	UPGR	BILD	Difference
Sharpe ratio Return per unit of total volatility	1.70	2.10	-0.41
Sortino ratio Return per unit of downside risk	2.35	2.74	-0.39
Omega ratio Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio Return relative to maximum drawdown	3.44	3.30	+0.14
Martin ratio Return relative to average drawdown	8.66	14.23	-5.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPGR vs. BILD - Sharpe Ratio Comparison

The current UPGR Sharpe Ratio is 1.70, which is comparable to the BILD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of UPGR and BILD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UPGR	BILD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.70	2.10	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	1.03	-1.08

Correlation

The correlation between UPGR and BILD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UPGR vs. BILD - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.34%, less than BILD's 2.80% yield.

	TTM	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.34%	0.39%	1.16%	0.32%
BILD Macquarie Global Listed Infrastructure ETF	2.80%	3.05%	5.53%	0.52%

Drawdowns

UPGR vs. BILD - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for UPGR and BILD.

Drawdown Indicators

	UPGR	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-14.78%	-31.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	-8.09%	-8.46%
Current Drawdown Current decline from peak	-12.90%	-2.98%	-9.92%
Average Drawdown Average peak-to-trough decline	-21.52%	-3.75%	-17.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.57%	1.88%	+4.69%

Volatility

UPGR vs. BILD - Volatility Comparison

Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 8.69% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 3.66%. This indicates that UPGR's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPGR	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	3.66%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	23.85%	7.35%	+16.50%
Volatility (1Y) Calculated over the trailing 1-year period	32.40%	12.66%	+19.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	13.12%	+17.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.47%	13.12%	+17.35%