IQ

Data as of Nov 4, 2026.

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Thematic ETFs

AIQ vs GUNR: Holdings Overlap & Returns

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AIQ holds 61.8% of its weight in S&P 500 companies and GUNR 27.1%.

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Net assets: $10.6bn on Oct 12, 2026 for Global X Artificial Intelligence & Technology ETF, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

AIQ on its own →GUNR on its own →
At a glance
61.8%
AIQ in the S&P 500
27.1%
GUNR in the S&P 500
+16.2%
AIQ total return, 1 year
+26.8%
GUNR total return, 1 year
AIQ · 1 year to Nov 4, 2026 38% of its weight is outside the S&P 500
38% of its weight is outside the S&P 50062% of AIQ's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.62%38%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 69% · top ten 32% of the fund · 88 holdings as filed for Aug 31, 2026 · Nasdaq-100: 56% in38% of its weight is outside the S&P 50062% of AIQ's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.62%38%in the S&P 500outsideactive share 69% · Nasdaq-100: 56% in

62% of AIQ's weight is in S&P 500 companies and 38% is outside the index. Holdings as of Aug 31, 2026.

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500
73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 37% of the fund · 135 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%inoutside the S&P 500active share 98% · Nasdaq-100: 0% in

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GUNR costs 0.22 points a year less; their one-year returns differ by 10.6 points.

AIQ vs GUNR: Holdings Overlap & Returns
MeasureAIQGUNR
Return
Total return, 1 year+16.2%+26.8%
Drawdown
Below its all-time high14.6%, high on Jun 2, 20267.5%, high on Sep 9, 2026
Benchmark
What it tracksArtificial intelligenceNatural resources
Cost and size
Expense ratio0.68%0.46%
Net assets, AIQ as of Oct 12, 2026 and GUNR as of Jul 31, 2026$10.6bn$7.2bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: AIQ vs GUNR: Holdings Overlap & Returns
Total return
WindowAIQGUNR
3 months−4.0%+1.3%
6 months−0.7%−2.5%
1 year+16.2%+26.8%
3 years+117.7%+45.4%
Since launchNot the same days: AIQ May 2018 · GUNR Sep 2011+309.8%+149.3%

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Side by side

AIQ Global X Artificial Intelligence & Technology ETF · Holds 88 stocks in artificial intelligence, 62% of its weight in S&P 500 companies GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies
Issuer Global X Northern Trust
Theme Artificial intelligence Natural resources
In the S&P 500 61.8% 27.1%
Active share vs the S&P 500 68.8% 98.3%
In the Nasdaq-100 55.5% 0.4%
Holdings 88 135
Top ten, share of the fund 32.4% 36.6%
Expense ratio 0.68% 0.46%
Fee for the differing part 0.99% 0.47%
Total return, 1 year +16.2% +26.8%
vs its benchmark not measured not measured
Below its high −14.6% −7.5%
Net assets, AIQ as of Oct 12, 2026 and GUNR as of Jul 31, 2026 $10.6bn $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund
AIQ

By weight, 62% of AIQ's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 32% of the fund across 88 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +16.2% with distributions reinvested. It sits 14.6% below its all-time high of Jun 2, 2026.

GUNR

By weight, 27% of GUNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

Questions people ask

Which is more different from the S&P 500, AIQ or GUNR?
AIQ has 62% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.
Which is cheaper, AIQ or GUNR?
AIQ charges 0.68% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.
Other comparisons
AIQ vs GNRAIQ vs COPXAIQ vs SHLDAIQ vs ARKKGUNR vs BAIGUNR vs XBIGUNR vs IGFGUNR vs IBB
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →AIQ on its own →GUNR on its own →AIQ dividend history →AIQ holdings →GUNR dividend history →Method →Standards and sources →
Sources and dates
AIQ filings on SEC EDGAR ↗
AIQ prospectus with the expense ratio (SEC) ↗
Global X page for AIQ ↗
GUNR filings on SEC EDGAR ↗
GUNR prospectus with the expense ratio (SEC) ↗
Northern Trust website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, AIQ against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/aiq-vs-gunr

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