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Data as of Nov 4, 2026.

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Thematic ETFs

GNR vs XBI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GNR returned +32.9% to XBI's +47.9%; 0% 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 $10.6bn for State Street SPDR S&P Biotech ETF.

GNR on its own →XBI on its own →
At a glance
25.9%
GNR in the S&P 500
13.9%
XBI in the S&P 500
+32.9%
GNR total return, 1 year
+47.9%
XBI 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.

XBI · 1 year to Nov 4, 2026 86% of its weight is outside the S&P 500
86% of its weight is outside the S&P 50014% of XBI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.14%86%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 18% of the fund · 165 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 8% in86% of its weight is outside the S&P 50014% of XBI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.14%86%inof its weight outside the S&P 500active share 98% · Nasdaq-100: 8% in

14% of XBI's weight is in S&P 500 companies and 86% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

XBI costs 0.05 points a year less; their one-year returns differ by 15.0 points; XBI is 2.0 times larger.

GNR vs XBI: Holdings Overlap & Returns
MeasureGNRXBI
Return
Total return, 1 year+32.9%+47.9%
Drawdown
Below its all-time high6.8%, high on Sep 9, 20268.0%, high on Feb 8, 2021
Benchmark
What it tracksNatural resourcesBiotech
Cost and size
Expense ratio0.40%0.35%
Net assets, as of Nov 3, 2026$5.3bn$10.6bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund36%18%

Method

What they share

0%

By the books each fund has filed, GNR and XBI 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 XBI
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 XBI
MODERNA INC 2.46%
EXELIXIS INC 1.81%
REGENERON PHARMACEUTICALS 1.76%
HALOZYME THERAPEUTICS INC 1.75%
UNITED THERAPEUTICS CORP 1.74%
BIOGEN INC 1.73%
AMGEN INC 1.73%
NATERA INC 1.72%
Check overlap with more funds →

Window by window

Window by window: GNR vs XBI: Holdings Overlap & Returns
Total return
WindowGNRXBI
3 months+1.4%+4.0%
6 months+0.4%+15.7%
1 year+32.9%+47.9%
3 years+50.3%+124.0%
Since launchNot the same days: GNR Sep 2010 · XBI Feb 2006+138.2%+925.0%

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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 XBI State Street SPDR S&P Biotech ETF · Holds 165 stocks in biotech, 14% of its weight in S&P 500 companies
Issuer State Street State Street
Theme Natural resources Biotech
In the S&P 500 25.9% 13.9%
Active share vs the S&P 500 97.6% 98.4%
In the Nasdaq-100 0.6% 7.6%
Holdings 104 165
Top ten, share of the fund 36.5% 18.1%
Expense ratio 0.40% 0.35%
Fee for the differing part 0.41% 0.36%
Total return, 1 year +32.9% +47.9%
vs its benchmark not measured not measured
Below its high −6.8% −8.0%
Net assets, as of Nov 3, 2026 $5.3bn $10.6bn

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.

XBI

By weight, 14% of XBI'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 18% of the fund across 165 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +47.9% with distributions reinvested. It sits 8.0% below its all-time high of Feb 8, 2021.

Questions people ask

Do GNR and XBI 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 XBI?
GNR has 26% of its weight in S&P 500 names and XBI has 14%, so XBI differs more from the index.
Which is cheaper, GNR or XBI?
GNR charges 0.40% a year and XBI charges 0.35%, so XBI is cheaper. Fees come from each fund's prospectus.
Other comparisons
GNR vs IBBGNR vs AIQGNR vs IGFGNR vs GRIDXBI vs GUNRXBI vs XARXBI vs QTUMXBI vs SIL
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GNR on its own →XBI on its own →GNR dividend history →GNR holdings →XBI dividend history →XBI holdings →Method →Standards and sources →
Sources and dates
GNR filings on SEC EDGAR ↗
GNR prospectus with the expense ratio (SEC) ↗
State Street website ↗
XBI filings on SEC EDGAR ↗
XBI 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.

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

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