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Data as of Nov 4, 2026.

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Thematic ETFs

GNR vs KWEB: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GNR returned +32.9% to KWEB's −34.0%; 0% of their weight is in the same names.

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Net assets: $5.3bn on Nov 3, 2026 for State Street SPDR S&P Global Natural Resources ETF, and $4.4bn on Nov 4, 2026 for KraneShares CSI China Internet ETF.

GNR on its own →KWEB on its own →
At a glance
25.9%
GNR in the S&P 500
0.0%
KWEB in the S&P 500
+32.9%
GNR total return, 1 year
−34.0%
KWEB total return, 1 year
GNR · 1 year to Nov 4, 2026 74% of its weight is outside the S&P 500
74% of its weight is outside the S&P 50026% of GNR's weight is in S&P 500 companies and 74% is outside the index. Holdings as of Nov 3, 2026.26%74%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 37% of the fund · 104 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 1% in74% of its weight is outside the S&P 50026% of GNR's weight is in S&P 500 companies and 74% is outside the index. Holdings as of Nov 3, 2026.26%74%inoutside the S&P 500active share 98% · Nasdaq-100: 1% in

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

KWEB · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of KWEB's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 61% of the fund · 45 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 9% in100% of its weight is outside the S&P 5000% of KWEB's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 9% in

0% of KWEB's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

GNR costs 0.29 points a year less; their one-year returns differ by 66.9 points; GNR is 1.2 times larger.

GNR vs KWEB: Holdings Overlap & Returns
MeasureGNRKWEB
Return
Total return, 1 year+32.9%−34.0%
Drawdown
Below its all-time high6.8%, high on Sep 9, 202671.8%, high on Feb 17, 2021
Benchmark
What it tracksNatural resourcesInternet and e-commerce
Cost and size
Expense ratio0.40%0.69%
Net assets, as of Nov 3, 2026$5.3bn$4.3bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund36%61%

Method

What they share

0%

By the books each fund has filed, GNR and KWEB hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GNR KWEB
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 KWEB
TENCENT HOLDINGS LTD 9.92%
PDD HOLDINGS INC 8.67%
ALIBABA GROUP HOLDING LTD 8.55%
MEITUAN-CLASS B 7.56%
NETEASE INC 6.57%
KE HOLDINGS INC-CL A 4.92%
JD.COM INC-CLASS A 4.28%
LENOVO GROUP LTD 3.89%
Check overlap with more funds →

Window by window

Window by window: GNR vs KWEB: Holdings Overlap & Returns
Total return
WindowGNRKWEB
3 months+1.4%−14.8%
6 months+0.4%−18.3%
1 year+32.9%−34.0%
3 years+50.3%−0.8%
Since launchNot the same days: GNR Sep 2010 · KWEB Aug 2013+138.2%+19.2%

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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 KWEB KraneShares CSI China Internet ETF · Holds 45 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies
Issuer State Street KraneShares
Theme Natural resources Internet and e-commerce
In the S&P 500 25.9% 0.0%
Active share vs the S&P 500 97.6% 100.0%
In the Nasdaq-100 0.6% 8.7%
Holdings 104 45
Top ten, share of the fund 36.5% 61.4%
Expense ratio 0.40% 0.69%
Fee for the differing part 0.41% 0.69%
Total return, 1 year +32.9% −34.0%
vs its benchmark not measured not measured
Below its high −6.8% −71.8%
Net assets, GNR as of Nov 3, 2026 and KWEB as of Nov 4, 2026 $5.3bn $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

0% 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.

KWEB

By weight, 0% of KWEB'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 61% of the fund across 45 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −34.0% with distributions reinvested. It sits 71.8% below its all-time high of Feb 17, 2021.

Questions people ask

Do GNR and KWEB hold the same stocks?
By their latest filings, 0% 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 KWEB?
GNR has 26% of its weight in S&P 500 names and KWEB has 0%, so KWEB differs more from the index.
Which is cheaper, GNR or KWEB?
GNR charges 0.40% a year and KWEB charges 0.69%, so GNR is cheaper. Fees come from each fund's prospectus.
Other comparisons
GNR vs FDNGNR vs QTUMGNR vs URAGNR vs XMEKWEB vs GUNRKWEB vs QTUMKWEB vs SILKWEB vs IFRA
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GNR on its own →KWEB on its own →GNR dividend history →GNR holdings →KWEB dividend history →KWEB holdings →Method →Standards and sources →
Sources and dates
GNR filings on SEC EDGAR ↗
GNR prospectus with the expense ratio (SEC) ↗
State Street website ↗
KWEB filings on SEC EDGAR ↗
KWEB prospectus with the expense ratio (SEC) ↗
KraneShares page for KWEB ↗

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 KWEB, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gnr-vs-kweb

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