FlexShares STOXX Global Broad Infrastructure… (NFRA) Performance
NFRA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.2% since Dec 31, 2025
- 1 year
- +7.2% total return
- 5 years
- +5.3% a year
- 10 years
- +7.0% a year
- Since first price
- +6.7% a year since 2013
NFRA trailing returns vs SPY, QQQ, AGG
| Period | NFRA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.2% | +0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.0% | −2.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.9% | −3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +7.2% | +5.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +7.2% | +1.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +51.8%+14.9%/yr | +35.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +29.5%+5.3%/yr | +9.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +97.2%+7.0%/yr | +46.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 9, 2013 | +131.5%+6.7%/yr | +59.2% | — | — | — |
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: NFRA vs SPY
From Oct 9, 2013: NFRA grew to $23,153, SPY to $57,093.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NFRA returns by calendar year
9 of 12 full years positive. Best 2019 (+26.3%), worst 2022 (−10.1%). 2026 is year to date.
NFRA annual returns table
| Year | NFRA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.2% | −7.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.4% | −7.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.8% | −8.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.0% | −11.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.1% | −22.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +9.6% | −7.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.2% | −32.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.3% | −4.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.7% | −13.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.9% | −2.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.3% | −9.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −6.7% | −13.9% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.7% | −8.1% | +13.5% | +19.2% | +6.0% |
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.
NFRA largest drawdowns
Now 3.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −32.5% | Mar 23, 2020 | Jan 8, 2021 | 33 days | 11 months |
| Sep 2, 2021 | −22.8% | Oct 12, 2022 | Jul 12, 2024 | 1.1 years | 2.9 years |
| Apr 28, 2015 | −18.0% | Jan 20, 2016 | Jul 14, 2016 | 9 months | 1.2 years |
| Jan 26, 2018 | −13.3% | Dec 24, 2018 | Feb 22, 2019 | 11 months | 1.1 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NFRA risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +13.1% | +5.8% | +6.4% | +6.2% |
| Volatility (annualized) | 11.6% | 14.1% | 13.3% | 12.6% |
| Sharpe ratio | 0.75 | 0.21 | 0.37 | 0.40 |
| Sortino ratio | 1.21 | 0.30 | 0.51 | 0.58 |
| Best month | +8.3% | +8.6% | +9.6% | +9.6% |
| Worst month | −6.8% | −11.2% | −13.7% | −13.7% |
| Best 12 months | +25.9% | +25.9% | +32.8% | +32.8% |
| Worst 12 months | +4.8% | −15.8% | −15.8% | −15.8% |
| Positive months | 67% | 60% | 62% | 61% |
| Beta vs S&P 500 | 0.47 | 0.67 | 0.69 | — |
| Correlation with S&P 500 | 0.50 | 0.74 | 0.80 | — |
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.
NFRA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 145 | −15.8% | +7.6% | +32.8% | 74% |
| 3-year (a year) | 121 | −1.6% | +5.0% | +14.5% | 98% |
| 5-year (a year) | 97 | +1.6% | +5.5% | +8.9% | 100% |
| 10-year (a year) | 37 | +4.0% | +5.5% | +8.4% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
NFRA performance overview
FlexShares STOXX Global Broad Infrastructure… (NFRA) returned +7.2% over the past year and +7.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +6.7% a year, turning $10,000 into about $23,153. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.5%, from Feb 19, 2020 to Mar 23, 2020, and it took 10 months to get back to the old high. NFRA finished 9 of its 12 full calendar years with a gain; the best year was 2019 (+26.3%) and the worst 2022 (−10.1%). Volatility has been 12.6% a year.
Related: NFRA chart, NFRA holdings, NFRA dividends. See the NFRA overview for the latest quote and fund facts.
NFRA performance FAQ
What is the NFRA return over the past year?
NFRA returned +7.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 1.0%.
What is the average annual return of NFRA?
NFRA has returned +5.3% a year over 5 years, +7.0% a year over 10 years, +6.7% a year since October 9, 2013 (total return, distributions reinvested).
How much would $10,000 invested in NFRA be worth?
$10,000 invested in NFRA at its first recorded close on October 9, 2013 would be worth about $23,153 on October 23, 2026 with distributions reinvested.
What was the worst year for NFRA?
The worst calendar year was 2022, with a total return of −10.1%. The best was 2019 at +26.3%.
What is the biggest drawdown of NFRA?
The largest peak-to-trough decline was −32.5% between February 19, 2020 and March 23, 2020. It recovered to the old high on January 8, 2021, 10 months after the bottom.
How volatile is NFRA?
Over the past 3 years NFRA had an annualized volatility of 11.6% and a Sharpe ratio of 0.75 (excess return over 1–3 month T-bills per unit of risk).