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Data as of Nov 4, 2026.

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Thematic ETFs

CCNR vs GUNR: Holdings Overlap & Returns

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GUNR holds 27.1% of its weight in S&P 500 companies and CCNR 8.9%.

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Net assets on Jul 31, 2026: $427m for ALPS | CoreCommodity Natural Resources ETF and $7.2bn for Northern Trust Morningstar Global Upstream Natural Resources ETF.

CCNR on its own →GUNR on its own →
At a glance
8.9%
CCNR in the S&P 500
27.1%
GUNR in the S&P 500
+25.6%
CCNR total return, 1 year
+26.8%
GUNR total return, 1 year
CCNR · 1 year to Nov 4, 2026 91% of its weight is outside the S&P 500
91% of its weight is outside the S&P 5009% of CCNR's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Jul 31, 2026.9%91%inof its weight outside the S&P 500active share 99% · top ten 11% of the fund · 310 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in91% of its weight is outside the S&P 5009% of CCNR's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Jul 31, 2026.9%91%9% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · Nasdaq-100: 0% in

9% of CCNR's weight is in S&P 500 companies and 91% is outside the index. Holdings as of Jul 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

CCNR costs 0.07 points a year less; their one-year returns differ by 1.2 points; GUNR is 16.9 times larger.

CCNR vs GUNR: Holdings Overlap & Returns
MeasureCCNRGUNR
Return
Total return, 1 year+25.6%+26.8%
Drawdown
Below its all-time high12.1%, high on Sep 9, 20267.5%, high on Sep 9, 2026
Benchmark
What it tracksNatural resourcesNatural resources
Cost and size
Expense ratio0.39%0.46%
Net assets, as of Jul 31, 2026$427m$7.2bn
Holdings
Holdings in commonnot published
Top ten holdings, share of the fund10%37%

Method

Window by window

Window by window: CCNR vs GUNR: Holdings Overlap & Returns
Total return
WindowCCNRGUNR
3 months−3.6%+1.3%
6 months−9.6%−2.5%
1 year+25.6%+26.8%
3 years–+45.4%
Since launchNot the same days: CCNR Jul 2024 · GUNR Sep 2011+53.5%+149.3%

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Side by side

CCNR ALPS | CoreCommodity Natural Resources ETF · Holds 310 stocks in natural resources, 9% 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 ALPS Northern Trust
Theme Natural resources Natural resources
In the S&P 500 8.9% 27.1%
Active share vs the S&P 500 98.6% 98.3%
In the Nasdaq-100 0.2% 0.4%
Holdings 310 135
Top ten, share of the fund 10.5% 36.6%
Expense ratio 0.39% 0.46%
Fee for the differing part 0.40% 0.47%
Total return, 1 year +25.6% +26.8%
vs its benchmark not measured not measured
Below its high −12.1% −7.5%
Net assets, as of Jul 31, 2026 $427m $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund
CCNR

By weight, 9% of CCNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 10% of the fund across 310 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +25.6% with distributions reinvested. It sits 12.1% below its all-time high of Sep 9, 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, CCNR or GUNR?
CCNR has 9% of its weight in S&P 500 names and GUNR has 27%, so CCNR differs more from the index.
Which is cheaper, CCNR or GUNR?
CCNR charges 0.39% a year and GUNR charges 0.46%, so CCNR is cheaper. Fees come from each fund's prospectus.
Other comparisons
CCNR vs GNRCCNR vs NANRCCNR vs IGECCNR vs TURFGUNR vs TURFGUNR vs HAPGUNR vs IGEGUNR vs NANR
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →CCNR on its own →GUNR on its own →CCNR dividend history →CCNR holdings →GUNR dividend history →Method →Standards and sources →
Sources and dates
CCNR filings on SEC EDGAR ↗
CCNR prospectus with the expense ratio (SEC) ↗
ALPS website ↗
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, CCNR against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ccnr-vs-gunr

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