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Data as of Nov 4, 2026.

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Thematic ETFs

FTWO vs GUNR: Holdings Overlap & Returns

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FTWO holds 67.8% of its weight in S&P 500 companies and GUNR 27.1%.

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Net assets: $73m on Jun 30, 2026 for Strive Natural Resources and Security ETF, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

FTWO on its own →GUNR on its own →
At a glance
67.8%
FTWO in the S&P 500
27.1%
GUNR in the S&P 500
+14.6%
FTWO total return, 1 year
+26.8%
GUNR total return, 1 year
FTWO · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500
32% of its weight is outside the S&P 50068% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 2026.68%32%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 95% · top ten 55% of the fund · 50 holdings as filed for Jun 30, 2026 · Nasdaq-100: 9% in32% of its weight is outside the S&P 50068% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 2026.68%32%in the S&P 500outsideactive share 95% · Nasdaq-100: 9% in

68% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 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 0.03 points a year less; their one-year returns differ by 12.2 points.

FTWO vs GUNR: Holdings Overlap & Returns
MeasureFTWOGUNR
Return
Total return, 1 year+14.6%+26.8%
Drawdown
Below its all-time high10.6%, high on Mar 2, 20267.5%, high on Sep 9, 2026
Benchmark
What it tracksNatural resourcesNatural resources
Cost and size
Expense ratio0.49%0.46%
Net assets, FTWO as of Jun 30, 2026 and GUNR as of Jul 31, 2026$73m$7.2bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: FTWO vs GUNR: Holdings Overlap & Returns
Total return
WindowFTWOGUNR
3 months−2.3%+1.3%
6 months−4.7%−2.5%
1 year+14.6%+26.8%
3 years+89.5%+45.4%
Since launchNot the same days: FTWO Aug 2023 · GUNR Sep 2011+82.2%+149.3%

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Side by side

FTWO Strive Natural Resources and Security ETF · Holds 50 stocks in natural resources, 68% 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 Strive Northern Trust
Theme Natural resources Natural resources
In the S&P 500 67.8% 27.1%
Active share vs the S&P 500 95.1% 98.3%
In the Nasdaq-100 8.9% 0.4%
Holdings 50 135
Top ten, share of the fund 54.9% 36.6%
Expense ratio 0.49% 0.46%
Fee for the differing part 0.52% 0.47%
Total return, 1 year +14.6% +26.8%
vs its benchmark not measured not measured
Below its high −10.6% −7.5%
Net assets, FTWO as of Jun 30, 2026 and GUNR as of Jul 31, 2026 $73m $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

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About each fund
FTWO

By weight, 68% of FTWO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 55% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +14.6% with distributions reinvested. It sits 10.6% below its all-time high of Mar 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, FTWO or GUNR?
FTWO has 68% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.
Which is cheaper, FTWO or GUNR?
FTWO charges 0.49% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.
Other comparisons
FTWO vs GNRFTWO vs IGEFTWO vs TURFFTWO vs HAPGUNR vs HAPGUNR vs IGEGUNR vs NANRGUNR vs MGNR
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FTWO on its own →GUNR on its own →FTWO dividend history →FTWO holdings →GUNR dividend history →Method →Standards and sources →
Sources and dates
FTWO filings on SEC EDGAR ↗
FTWO prospectus with the expense ratio (SEC) ↗
Strive 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, FTWO against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ftwo-vs-gunr

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