Do COPX and GNR hold the same stocks?

By their latest filings, 6% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, COPX or GNR?

COPX has 5% of its weight in S&P 500 names and GNR has 26%, so COPX differs more from the index.

Which is cheaper, COPX or GNR?

COPX charges 0.65% a year and GNR charges 0.40%, so GNR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

COPX vs GNR: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, COPX returned +32.1% to GNR's +32.9%; 6% of their weight is in the same names.

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Net assets: $7.3bn on Oct 12, 2026 for Global X Copper Miners ETF, and $5.3bn on Nov 3, 2026 for State Street SPDR S&P Global Natural Resources ETF.

COPX on its own →GNR on its own →

At a glance

4.8%

COPX in the S&P 500

25.9%

GNR in the S&P 500

+32.1%

COPX total return, 1 year

+32.9%

GNR total return, 1 year

COPX · 1 year to Nov 4, 2026 95% of its weight is outside the S&P 500

5% of COPX's weight is in S&P 500 companies and 95% is outside the index. Holdings as of Jul 31, 2026.

GNR · 1 year to Nov 4, 2026 74% of its weight is outside the S&P 500

26% of GNR's weight is in S&P 500 companies and 74% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

GNR costs 0.25 points a year less; their one-year returns differ by 0.8 points; COPX is 1.4 times larger.

Points (pts) are percentage points.

COPX vs GNR: Holdings Overlap & Returns
Measure	COPX	GNR
Return
Measure	COPX	GNR
Total return, 1 year	+32.1%	+32.9%
Drawdown
Measure	COPX	GNR
Below its all-time high	22.7%, high on Aug 27, 2026	6.8%, high on Sep 9, 2026
Against its benchmark
Measure	COPX	GNR
What it tracks	Copper	Natural resources
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	ahead by 17.1 pts
Cost and size
Measure	COPX	GNR
Expense ratio	0.65%	0.40%
Net assets, as of Oct 12, 2026	$7.3bn	$5.2bn
Holdings
Measure	COPX	GNR
Holdings in common	6%
Top ten holdings, share of the fund	50%	36%

Method

What they share

By the books each fund has filed, COPX and GNR hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first COPX GNR

FREEPORT-MCMORAN INC. 4.76% 2.09%

GLENCORE PLC 5.02% 1.52%

Teck Resources Limited 5.39% 0.66%

Zijin Mining Group Company Limited 4.54% 0.48%

FIRST QUANTUM MINERALS LTD. 5.04% 0.37%

SOUTHERN COPPER CORPORATION 5.08% 0.35%

ANTOFAGASTA PLC 5.00% 0.34%

Only in one fund ↓

Only in COPX

BHP GROUP LIMITED 5.48%

Hudbay Minerals Inc. 5.26%

KGHM POLSKA MIEDZ SPOLKA AKCYJNA 4.76%

Boliden AB 4.35%

Lundin Mining Corporation 4.29%

Sumitomo Metal Mining Co., Ltd. 3.84%

CAPSTONE COPPER CORP. 3.58%

SANDFIRE RESOURCES LIMITED 3.54%

Only in GNR

SHELL PLC 5.51%

EXXONMOBIL HOLDINGS CORP 5.23%

BHP GROUP LTD 4.44%

NUTRIEN LTD 4.43%

TOTALENERGIES SE 3.68%

CHEVRON CORP 3.00%

UPM KYMMENE OYJ 2.82%

NEWMONT CORP 2.71%

Check overlap with more funds →

Window by window

Window by window: COPX vs GNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	COPX	GNR	COPX	GNR
3 months	−14.0%	+1.4%	−12.7 pts vs ACWI	not measured
6 months	−10.5%	+0.4%	−13.1 pts vs ACWI	not measured
1 year	+32.1%	+32.9%	+17.1 pts vs ACWI	not measured
3 years	+132.4%	+50.3%	+54.8 pts vs ACWI	not measured
Since launchNot the same days: COPX Apr 2010 · GNR Sep 2010	+139.4%	+138.2%	−253.5 pts vs ACWI	not measured

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Side by side

COPX Global X Copper Miners ETF · Holds 40 stocks in copper, 5% of its weight in S&P 500 companies GNR State Street SPDR S&P Global Natural Resources ETF · Holds 104 stocks in natural resources, 26% of its weight in S&P 500 companies

Issuer Global X State Street

Theme Copper Natural resources

In the S&P 500 4.8% 25.9%

Active share vs the S&P 500 99.9% 97.6%

In the Nasdaq-100 0.0% 0.6%

Holdings 40 104

Top ten, share of the fund 50.3% 36.5%

Expense ratio 0.65% 0.40%

Fee for the differing part 0.65% 0.41%

Total return, 1 year +32.1% +32.9%

vs its benchmark +17.1 pts vs ACWI not measured

Below its high −22.7% −6.8%

Net assets, COPX as of Oct 12, 2026 and GNR as of Nov 3, 2026 $7.3bn $5.3bn

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

COPX

By weight, 5% of COPX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 50% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +32.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 17.1 pts. It sits 22.7% below its all-time high of Aug 27, 2026.

GNR

By weight, 26% of GNR'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 36% of the fund across 104 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested. It sits 6.8% below its all-time high of Sep 9, 2026.

Questions people ask

Do COPX and GNR hold the same stocks?: By their latest filings, 6% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, COPX or GNR?: COPX has 5% of its weight in S&P 500 names and GNR has 26%, so COPX differs more from the index.
Which is cheaper, COPX or GNR?: COPX charges 0.65% a year and GNR charges 0.40%, so GNR is cheaper. Fees come from each fund's prospectus.

Other comparisons

COPX vs GUNR COPX vs IFRA COPX vs XT COPX vs XME GNR vs GUNR GNR vs QTUM GNR vs KWEB GNR vs IFRA

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →COPX on its own →GNR on its own →COPX dividend history →COPX holdings →GNR dividend history →GNR holdings →Method →Standards and sources →

Sources and dates

COPX filings on SEC EDGAR ↗

COPX prospectus with the expense ratio (SEC) ↗

Global X page for COPX ↗

GNR filings on SEC EDGAR ↗

GNR prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, COPX against GNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/copx-vs-gnr

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.