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Data as of Nov 4, 2026.

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Thematic ETFs

GNR vs NRES: Holdings Overlap & Returns

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NRES holds 33.4% of its weight in S&P 500 companies and GNR 25.9%.

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Net assets: $5.3bn on Nov 3, 2026 for State Street SPDR S&P Global Natural Resources ETF, and $35m on Nov 2, 2026 for Xtrackers RREEF Global Natural Resources ETF.

GNR on its own →NRES on its own →
At a glance
25.9%
GNR in the S&P 500
33.4%
NRES in the S&P 500
+32.9%
GNR total return, 1 year
+27.4%
NRES 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.

NRES · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500
67% of its weight is outside the S&P 50033% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.33%67%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 37% of the fund · 58 holdings as filed for Aug 31, 2026 · Nasdaq-100: 1% in67% of its weight is outside the S&P 50033% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.33%67%inoutside the S&P 500active share 98% · Nasdaq-100: 1% in

33% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

GNR costs 0.05 points a year less; their one-year returns differ by 5.5 points; GNR is far larger, $5.4bn against $35m.

Points (pts) are percentage points.

GNR vs NRES: Holdings Overlap & Returns
MeasureGNRNRES
Return
Total return, 1 year+32.9%+27.4%
Drawdown
Below its all-time high6.8%, high on Sep 9, 20268.2%, high on Aug 21, 2026
Benchmark
What it tracksNatural resourcesNatural resources
Cost and size
Expense ratio0.40%0.45%
Net assets, as of Nov 2, 2026$5.4bn$35m
Holdings
Holdings in commonnot published
Top ten holdings, share of the fund36%37%

Method

Window by window

Window by window: GNR vs NRES: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGNRNRESGNRNRES
3 months+1.4%+0.7%not measured−0.7 pts vs GNR
6 months+0.4%−3.0%not measured−3.4 pts vs GNR
1 year+32.9%+27.4%not measured−5.5 pts vs GNR
3 years+50.3%–not measured–
Since launchNot the same days: GNR Sep 2010 · NRES Feb 2024+138.2%+42.8%not measured−8.9 pts vs GNR

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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 NRES Xtrackers RREEF Global Natural Resources ETF · Holds 58 stocks in natural resources, 33% of its weight in S&P 500 companies
Issuer State Street Xtrackers
Theme Natural resources Natural resources
In the S&P 500 25.9% 33.4%
Active share vs the S&P 500 97.6% 98.2%
In the Nasdaq-100 0.6% 0.7%
Holdings 104 58
Top ten, share of the fund 36.5% 37.2%
Expense ratio 0.40% 0.45%
Fee for the differing part 0.41% 0.46%
Total return, 1 year +32.9% +27.4%
vs its benchmark not measured −5.5 pts vs GNR
Below its high −6.8% −8.2%
Net assets, GNR as of Nov 3, 2026 and NRES as of Nov 2, 2026 $5.3bn $35m

As of Nov 4, 2026. Source: ETFIQ.

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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.

NRES

By weight, 33% of NRES'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 58 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Net TR index, so a holder was behind by 5.5 pts. It sits 8.2% below its all-time high of Aug 21, 2026.

Questions people ask

Which is more different from the S&P 500, GNR or NRES?
GNR has 26% of its weight in S&P 500 names and NRES has 33%, so NRES differs more from the index.
Which is cheaper, GNR or NRES?
GNR charges 0.40% a year and NRES charges 0.45%, so GNR is cheaper. Fees come from each fund's prospectus.
Other comparisons
GNR vs FTWOGNR vs CSNRGNR vs FTRIGNR vs HAPNRES vs GUNRNRES vs CCNRNRES vs TURFNRES vs HAP
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GNR on its own →NRES on its own →GNR dividend history →GNR holdings →NRES dividend history →Method →Standards and sources →
Sources and dates
GNR filings on SEC EDGAR ↗
GNR prospectus with the expense ratio (SEC) ↗
State Street website ↗
NRES filings on SEC EDGAR ↗
NRES prospectus with the expense ratio (SEC) ↗
Xtrackers 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, GNR against NRES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gnr-vs-nres

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