IFRA
iShares U.S. Infrastructure ETF
The iShares U.S. Infrastructure ETF tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.7 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 03, 2018 |
| Assets (mns) | $2,721 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Revenue |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NEW FORTRESS ENERGY INC. CLASS A | 1.1 % |
| CONSTELLATION ENERGY CORPORATION | 0.8 % |
| NORFOLK SOUTHERN CORP | 0.8 % |
| CSX CORP | 0.8 % |
| EVERGY, INC. | 0.8 % |
| UNION PACIFIC CORP | 0.8 % |
| SOUTHERN CO | 0.8 % |
| NORTHWEST NATURAL GAS CO | 0.8 % |
| CHESAPEAKE UTILITIES CORP | 0.8 % |
| AMERICAN ELECTRIC POWER | 0.8 % |
Constituent Breakdown
| Number of holdings | 153 |
| Herfindahl-Hirschman Index | 71 |
| Wgt avg mkt cap (mns) | $19,126 |
| Large cap (>$10bn) | 43.9% |
| Mid cap ($2-10bn) | 33.2% |
| Small cap (<$2bn) | 23.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.5 % |
 |
CANADA | 4.2 % |
 |
BRITAIN | 1.2 % |
 |
CAYMAN ISLANDS | 0.6 % |
 |
ISRAEL | 0.5 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.3% | 16.8% | 12.2% | 13.1% | 15.7% | -- | -- | 9.4% |
| Dividend Yield | 0.0% | 0.6% | 1.4% | 1.8% | 2.0% | -- | -- | 2.1% |
| Total Returns | 6.3% | 17.4% | 13.6% | 14.8% | 17.7% | -- | -- | 11.5% | Ann. Volatility | 21.0% | 19.1% | 17.3% | 18.6% | 19.0% | -- | -- | 22.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 69% |
| MSCI EAFE | 0.89 | 51% |
| MSCI Emg Mkts | 0.61 | 25% |
Liquidity Measures
| Avg. volume (000) | 241 |
| ADV traded (mns) | $12 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $50.48 |
| 30d moving avg. | $48.88 |
| Annualized volatility | 20.4% |
| Relative strength (RSI) | 63 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 35.8% | +35 bp | +5.0% |
| FUTY | Fidelity MSCI Utilities Index ETF | 29.2% | -22 bp | +5.4% |
| VPU | Vanguard Utilities ETF | 28.8% | -21 bp | +5.4% |
| HWAY | Themes US Infrastructure ETF | 24.3% | -1 bp | +6.2% |
| IDU | iShares U.S. Utilities ETF | 24.3% | +10 bp | +4.8% |
| FXU | First Trust Utilities AlphaDEX Fund | 23.8% | +34 bp | +5.6% |
| EMLP | First Trust North American Energy Infrastructure Fund | 23.4% | +65 bp | +5.3% |
| PAVE | Global X U.S. Infrastructure Development ETF | 23.3% | +17 bp | +5.3% |
| ECLN | First Trust EIP Carbon Impact ETF | 23.0% | +66 bp | +4.0% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 22.4% | +10 bp | +5.7% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/18/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
IFRA
6.6%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 969 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. IFRA's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places IFRA in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IFRASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| (30 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IFRA | 30.0 | 0.0 | 30 |
| Peer Avg. | 32.0 | 15.3 | 47.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .