IQ

Data as of Nov 4, 2026.

vsOpen in the appCompare their flowsaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

GNR vs XAR: Holdings Overlap & Returns

Share
Share on XDownload as PDF

Over the year to Nov 4, 2026, GNR returned +32.9% to XAR's −6.6%; 0% of their weight is in the same names.

askIQ about this page

askIQ about GNR and XAR

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

GNR on its own →XAR on its own →
At a glance
25.9%
GNR in the S&P 500
40.1%
XAR in the S&P 500
+32.9%
GNR total return, 1 year
−6.6%
XAR 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.

XAR · 1 year to Nov 4, 2026 60% of its weight is outside the S&P 500
60% of its weight is outside the S&P 50040% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.40%60%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 33% of the fund · 50 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 8% in60% of its weight is outside the S&P 50040% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.40%60%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 8% in

40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

XAR costs 0.05 points a year less; their one-year returns differ by 39.5 points.

Points (pts) are percentage points.

GNR vs XAR: Holdings Overlap & Returns
MeasureGNRXAR
Return
Total return, 1 year+32.9%−6.6%
Drawdown
Below its all-time high6.8%, high on Sep 9, 202624.0%, high on Aug 14, 2026
Against its benchmark
What it tracksNatural resourcesDefense
Against the S&P 500, 1 yearbehind by 21.4 pts
Its benchmark, total return, 1 year+14.8%
Against its benchmark, 1 yearbehind by 21.4 pts
Cost and size
Expense ratio0.40%0.35%
Net assets, as of Nov 3, 2026$5.3bn$5.3bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund36%33%

Method

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first GNR XAR
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 XAR
LOCKHEED MARTIN CORP 3.63%
HUNTINGTON INGALLS INDUSTRIE 3.36%
L3HARRIS TECHNOLOGIES INC 3.30%
TEXTRON INC 3.27%
FTAI AVIATION LTD 3.23%
HEICO CORP 3.22%
TRANSDIGM GROUP INC 3.19%
NORTHROP GRUMMAN CORP 3.18%
Check overlap with more funds →

Window by window

Window by window: GNR vs XAR: Holdings Overlap & Returns
Total returnvs its benchmark
WindowGNRXARGNRXAR
3 months+1.4%−20.0%not measured−19.9 pts vs VOO
6 months+0.4%−15.6%not measured−20.6 pts vs VOO
1 year+32.9%−6.6%not measured−21.4 pts vs VOO
3 years+50.3%+89.1%not measured+5.8 pts vs VOO
Since launchNot the same days: GNR Sep 2010 · XAR Sep 2011+138.2%+948.0%not measured+180.8 pts vs VOO

Open this comparison in the app →

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 XAR State Street SPDR S&P Aerospace & Defense ETF · Holds 50 stocks in defense, 40% of its weight in S&P 500 companies
Issuer State Street State Street
Theme Natural resources Defense
In the S&P 500 25.9% 40.1%
Active share vs the S&P 500 97.6% 97.7%
In the Nasdaq-100 0.6% 8.2%
Holdings 104 50
Top ten, share of the fund 36.5% 32.6%
Expense ratio 0.40% 0.35%
Fee for the differing part 0.41% 0.36%
Total return, 1 year +32.9% −6.6%
vs its benchmark not measured −21.4 pts vs VOO
Below its high −6.8% −24.0%
Net assets, as of Nov 3, 2026 $5.3bn $5.3bn

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

GNR and XAR flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

XAR

By weight, 40% of XAR'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 33% of the fund across 50 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 21.4 pts. It sits 24.0% below its all-time high of Aug 14, 2026.

Questions people ask

Do GNR and XAR 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 XAR?
GNR has 26% of its weight in S&P 500 names and XAR has 40%, so XAR differs more from the index.
Which is cheaper, GNR or XAR?
GNR charges 0.40% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.
Other comparisons
GNR vs SHLDGNR vs PPAGNR vs ITAGNR vs URAXAR vs GUNRXAR vs URAXAR vs SILXAR vs XT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GNR on its own →XAR on its own →GNR dividend history →GNR holdings →XAR dividend history →XAR holdings →Method →Standards and sources →
Sources and dates
GNR filings on SEC EDGAR ↗
GNR prospectus with the expense ratio (SEC) ↗
State Street website ↗
XAR filings on SEC EDGAR ↗
XAR prospectus with the expense ratio (SEC) ↗

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

Open data →

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