iShares U.S. Infrastructure ETF (IFRA) Performance
IFRA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.8% since Dec 31, 2025
- 1 year
- +7.5% total return
- 5 years
- +11.5% a year
- Since first price
- +11.9% a year since 2018
IFRA trailing returns vs SPY, QQQ, AGG
| Period | IFRA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +1.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.4% | −9.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.9% | −7.6% | +7.8% | +8.4% | −1.5% |
| YTD | +8.8% | +7.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.5% | +5.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +72.0%+19.8%/yr | +62.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +72.1%+11.5%/yr | +56.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 5, 2018 | +162.0%+11.9%/yr | +120.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IFRA vs SPY
From Apr 5, 2018: IFRA grew to $26,198, SPY to $32,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IFRA returns by calendar year
6 of 7 full years positive. Best 2021 (+29.8%), worst 2022 (−3.3%). 2026 is year to date.
IFRA annual returns table
| Year | IFRA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.8% | −13.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.9% | −16.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.0% | −10.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.4% | −14.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −3.3% | −18.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.8% | −7.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.4% | −41.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.0% | −7.1% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IFRA largest drawdowns
Now 11.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 20, 2020 | −41.1% | Mar 23, 2020 | Nov 16, 2020 | 32 days | 9 months |
| Nov 25, 2024 | −19.9% | Apr 8, 2025 | Jul 22, 2025 | 4 months | 8 months |
| Sep 18, 2018 | −19.5% | Dec 24, 2018 | Jun 28, 2019 | 3 months | 9 months |
| Apr 20, 2022 | −18.5% | Sep 30, 2022 | Feb 1, 2023 | 5 months | 9 months |
| Jul 26, 2023 | −14.0% | Oct 27, 2023 | Dec 19, 2023 | 3 months | 5 months |
| Jun 25, 2026 | −13.7% | Sep 30, 2026 | not yet | 3 months | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IFRA risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +16.7% | +12.2% | +11.6% |
| Volatility (annualized) | 17.3% | 19.1% | 19.8% |
| Sharpe ratio | 0.73 | 0.51 | 0.52 |
| Sortino ratio | 1.26 | 0.82 | 0.80 |
| Best month | +10.0% | +10.8% | +12.1% |
| Worst month | −9.9% | −11.3% | −18.3% |
| Best 12 months | +41.0% | +41.0% | +74.5% |
| Worst 12 months | +6.0% | −3.6% | −21.2% |
| Positive months | 56% | 52% | 56% |
| Beta vs S&P 500 | 0.84 | 0.95 | — |
| Correlation with S&P 500 | 0.60 | 0.78 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IFRA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 91 | −21.2% | +11.7% | +74.5% | 82% |
| 3-year (a year) | 67 | +7.1% | +13.8% | +25.1% | 100% |
| 5-year (a year) | 43 | +8.0% | +13.4% | +19.7% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
IFRA performance overview
iShares U.S. Infrastructure ETF (IFRA) returned +7.5% over the past year and +11.5% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +11.9% a year, turning $10,000 into about $26,198. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −41.1%, from Feb 20, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. IFRA finished 6 of its 7 full calendar years with a gain; the best year was 2021 (+29.8%) and the worst 2022 (−3.3%). Volatility has been 19.8% a year.
Related: IFRA chart, IFRA dividends. See the IFRA overview for the latest quote and fund facts.
IFRA performance FAQ
What is the IFRA return over the past year?
IFRA returned +7.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.6%.
What is the average annual return of IFRA?
IFRA has returned +11.5% a year over 5 years, +11.9% a year since April 5, 2018 (total return, distributions reinvested).
How much would $10,000 invested in IFRA be worth?
$10,000 invested in IFRA at its first recorded close on April 5, 2018 would be worth about $26,198 on October 23, 2026 with distributions reinvested.
What was the worst year for IFRA?
The worst calendar year was 2022, with a total return of −3.3%. The best was 2021 at +29.8%.
What is the biggest drawdown of IFRA?
The largest peak-to-trough decline was −41.1% between February 20, 2020 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is IFRA?
Over the past 3 years IFRA had an annualized volatility of 17.3% and a Sharpe ratio of 0.73 (excess return over 1–3 month T-bills per unit of risk).