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Data as of Nov 4, 2026.

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Thematic ETFs

GUNR vs IBB: Holdings Overlap & Returns

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IBB holds 42.0% of its weight in S&P 500 companies and GUNR 27.1%.

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Net assets: $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF, and $11.2bn on Nov 3, 2026 for iShares Biotechnology ETF.

GUNR on its own →IBB on its own →
At a glance
27.1%
GUNR in the S&P 500
42.0%
IBB in the S&P 500
+26.8%
GUNR total return, 1 year
+42.0%
IBB total return, 1 year
GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500
73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%in the S&P 500of its weight outside the S&P 500active share 98% · top ten 37% of the fund · 135 holdings as filed for Jul 31, 2026 · Nasdaq-100: 0% in73% of its weight is outside the S&P 50027% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.27%73%inoutside the S&P 500active share 98% · Nasdaq-100: 0% in

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

IBB · 1 year to Nov 4, 2026 58% of its weight is outside the S&P 500
58% of its weight is outside the S&P 50042% of IBB's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Nov 3, 2026.42%58%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 99% · top ten 52% of the fund · 245 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 33% in58% of its weight is outside the S&P 50042% of IBB's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Nov 3, 2026.42%58%in the S&P 500outside the S&P 500active share 99% · Nasdaq-100: 33% in

42% of IBB's weight is in S&P 500 companies and 58% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IBB costs 0.02 points a year less; their one-year returns differ by 15.2 points.

GUNR vs IBB: Holdings Overlap & Returns
MeasureGUNRIBB
Return
Total return, 1 year+26.8%+42.0%
Drawdown
Below its all-time high7.5%, high on Sep 9, 2026
Benchmark
What it tracksNatural resourcesBiotech
Cost and size
Expense ratio0.46%0.44%
Net assets, GUNR as of Jul 31, 2026 and IBB as of Nov 3, 2026$7.2bn$11.2bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GUNR vs IBB: Holdings Overlap & Returns
Total return
WindowGUNRIBB
3 months+1.3%+15.3%
6 months−2.5%+27.2%
1 year+26.8%+42.0%
3 years+45.4%+85.9%
Since launchNot the same days: GUNR Sep 2011 · IBB Feb 2001+149.3%+569.6%

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Side by side

GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies IBB iShares Biotechnology ETF · Holds 245 stocks in biotech, 42% of its weight in S&P 500 companies
Issuer Northern Trust iShares
Theme Natural resources Biotech
In the S&P 500 27.1% 42.0%
Active share vs the S&P 500 98.3% 99.0%
In the Nasdaq-100 0.4% 32.8%
Holdings 135 245
Top ten, share of the fund 36.6% 51.6%
Expense ratio 0.46% 0.44%
Fee for the differing part 0.47% 0.44%
Total return, 1 year +26.8% +42.0%
vs its benchmark not measured not measured
Below its high −7.5% 0.0%
Net assets, GUNR as of Jul 31, 2026 and IBB as of Nov 3, 2026 $7.2bn $11.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund
GUNR

By weight, 27% of GUNR'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 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

IBB

By weight, 42% of IBB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 52% of the fund across 245 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +42.0% with distributions reinvested.

Questions people ask

Which is more different from the S&P 500, GUNR or IBB?
GUNR has 27% of its weight in S&P 500 names and IBB has 42%, so IBB differs more from the index.
Which is cheaper, GUNR or IBB?
GUNR charges 0.46% a year and IBB charges 0.44%, so IBB is cheaper. Fees come from each fund's prospectus.
Other comparisons
GUNR vs XBIGUNR vs SHLDGUNR vs URAGUNR vs QTUMIBB vs GNRIBB vs AIRRIBB vs URAIBB vs QTUM
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GUNR on its own →IBB on its own →GUNR dividend history →IBB dividend history →IBB holdings →Method →Standards and sources →
Sources and dates
GUNR filings on SEC EDGAR ↗
GUNR prospectus with the expense ratio (SEC) ↗
Northern Trust website ↗
IBB filings on SEC EDGAR ↗
IBB prospectus with the expense ratio (SEC) ↗
iShares page for IBB ↗

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, GUNR against IBB, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gunr-vs-ibb

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