Data as of Nov 4, 2026.
GNR vs NLR: Holdings Overlap & Returns
Over the year to Nov 4, 2026, GNR returned +32.9% to NLR's −36.3%; 1% 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 $3.0bn on Nov 2, 2026 for VanEck Uranium and Nuclear ETF.
26% of GNR's weight is in S&P 500 companies and 74% is outside the index. Holdings as of Nov 3, 2026.
15% of NLR's weight is in S&P 500 companies and 85% is outside the index. Holdings as of Jun 30, 2026.
Pair scorecard
GNR costs 0.12 points a year less; their one-year returns differ by 69.2 points; GNR is 1.8 times larger.
Points (pts) are percentage points.
| Measure | GNR | NLR |
|---|---|---|
| Return | ||
| Total return, 1 year | +32.9% | −36.3% |
| Drawdown | ||
| Below its all-time high | 6.8%, high on Sep 9, 2026 | 46.3%, high on Jan 28, 2026 |
| Against its benchmark | ||
| What it tracks | Natural resources | Nuclear and uranium |
| Its benchmark, total return, 1 year | +15.0% | |
| Against its benchmark, 1 year | behind by 51.3 pts | |
| Cost and size | ||
| Expense ratio | 0.40% | 0.52% |
| Net assets, as of Nov 3, 2026 | $5.3bn | $3.0bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 36% | 61% |
What they share
By the books each fund has filed, GNR and NLR hold 1% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.
half
1% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | GNR | NLR | GNR | NLR |
| 3 months | +1.4% | −22.5% | not measured | −21.2 pts vs ACWI |
| 6 months | +0.4% | −40.9% | not measured | −43.5 pts vs ACWI |
| 1 year | +32.9% | −36.3% | not measured | −51.3 pts vs ACWI |
| 3 years | +50.3% | +33.5% | not measured | −44.1 pts vs ACWI |
| Since launchNot the same days: GNR Sep 2010 · NLR Aug 2007 | +138.2% | +52.7% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
1% of the two portfolios are the same securities at the same weight.
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.
NLR
By weight, 15% of NLR'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 25 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned −36.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 51.3 pts. It sits 46.3% below its all-time high of Jan 28, 2026.
Questions people ask
- Do GNR and NLR hold the same stocks?
- By their latest filings, 1% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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, GNR against NLR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gnr-vs-nlr
ETFIQ. (Nov 4, 2026). GNR against NLR. Retrieved from https://etfiq.com/compare/themes/gnr-vs-nlr
[GNR against NLR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/gnr-vs-nlr)
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