Do GNR and IFRA hold the same stocks?

By their latest filings, 3% 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, GNR or IFRA?

GNR has 26% of its weight in S&P 500 names and IFRA has 72%, so GNR differs more from the index.

Which is cheaper, GNR or IFRA?

GNR charges 0.40% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GNR vs IFRA: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GNR returned +32.9% to IFRA's +13.0%; 3% of their weight is in the same names.

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Net assets on Nov 3, 2026: $5.3bn for State Street SPDR S&P Global Natural Resources ETF and $4.1bn for iShares U.S. Infrastructure ETF.

GNR on its own →IFRA on its own →

At a glance

25.9%

GNR in the S&P 500

71.7%

IFRA in the S&P 500

+32.9%

GNR total return, 1 year

+13.0%

IFRA total return, 1 year

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.

IFRA · 1 year to Nov 4, 2026 28% of its weight is outside the S&P 500

72% of IFRA's weight is in S&P 500 companies and 28% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IFRA costs 0.10 points a year less; their one-year returns differ by 19.9 points; GNR is 1.3 times larger.

GNR vs IFRA: Holdings Overlap & Returns
Measure	GNR	IFRA
Return
Measure	GNR	IFRA
Total return, 1 year	+32.9%	+13.0%
Drawdown
Measure	GNR	IFRA
Below its all-time high	6.8%, high on Sep 9, 2026	9.1%, high on Jun 25, 2026
Benchmark
Measure	GNR	IFRA
What it tracks	Natural resources	Infrastructure
Cost and size
Measure	GNR	IFRA
Expense ratio	0.40%	0.30%
Net assets, as of Nov 3, 2026	$5.3bn	$4.1bn
Holdings
Measure	GNR	IFRA
Holdings in common	3%
Top ten holdings, share of the fund	36%	33%

Method

What they share

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

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first GNR IFRA

NUCOR CORP 1.47% 2.39%

STEEL DYNAMICS INC 0.79% 1.28%

RELIANCE INC 0.53% 0.87%

WEST FRASER TIMBER CO LTD 0.81% 0.13%

Only in one fund ↓

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%

Only in IFRA

UNION PACIFIC 4.22%

NEXTERA ENERGY 4.07%

QUANTA SERVICES INC 3.78%

CSX 3.63%

CATERPILLAR INC 3.09%

SOUTHERN 3.08%

NORFOLK SOUTHERN CORP 2.96%

UNITED RENTALS 2.82%

Check overlap with more funds →

Window by window

Window by window: GNR vs IFRA: Holdings Overlap & Returns
	Total return
Window	GNR	IFRA
3 months	+1.4%	−5.1%
6 months	+0.4%	−7.1%
1 year	+32.9%	+13.0%
3 years	+50.3%	+66.7%
Since launchNot the same days: GNR Sep 2010 · IFRA Apr 2018	+138.2%	+168.6%

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Side by side

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 IFRA iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% of its weight in S&P 500 companies

Issuer State Street iShares

Theme Natural resources Infrastructure

In the S&P 500 25.9% 71.7%

Active share vs the S&P 500 97.6% 95.7%

In the Nasdaq-100 0.6% 10.9%

Holdings 104 164

Top ten, share of the fund 36.5% 33.0%

Expense ratio 0.40% 0.30%

Fee for the differing part 0.41% 0.31%

Total return, 1 year +32.9% +13.0%

vs its benchmark not measured not measured

Below its high −6.8% −9.1%

Net assets, as of Nov 3, 2026 $5.3bn $4.1bn

As of Nov 4, 2026. Source: ETFIQ.

3% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

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.

IFRA

By weight, 72% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 33% of the fund across 164 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +13.0% with distributions reinvested. It sits 9.1% below its all-time high of Jun 25, 2026.

Questions people ask

Do GNR and IFRA hold the same stocks?: By their latest filings, 3% 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, GNR or IFRA?: GNR has 26% of its weight in S&P 500 names and IFRA has 72%, so GNR differs more from the index.
Which is cheaper, GNR or IFRA?: GNR charges 0.40% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

GNR vs IGF GNR vs PAVE GNR vs XME GNR vs NLR IFRA vs GUNR IFRA vs XME IFRA vs IDEF IFRA vs BOTZ

Where to next

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

Sources and dates

GNR filings on SEC EDGAR ↗

GNR prospectus with the expense ratio (SEC) ↗

State Street website ↗

IFRA filings on SEC EDGAR ↗

IFRA prospectus with the expense ratio (SEC) ↗

iShares page for IFRA ↗

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.

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

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