Which is more different from the S&P 500, GUNR or IGF?

GUNR has 27% of its weight in S&P 500 names and IGF has 32%, so GUNR differs more from the index.

Which is cheaper, GUNR or IGF?

GUNR charges 0.46% a year and IGF charges 0.37%, so IGF is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GUNR vs IGF: Holdings Overlap & Returns

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IGF holds 31.6% 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 $10.9bn on Nov 3, 2026 for iShares Global Infrastructure ETF.

GUNR on its own →IGF on its own →

At a glance

27.1%

GUNR in the S&P 500

31.6%

IGF in the S&P 500

+26.8%

GUNR total return, 1 year

+12.1%

IGF total return, 1 year

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500

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

IGF · 1 year to Nov 4, 2026 68% of its weight is outside the S&P 500

32% of IGF's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

IGF costs 0.09 points a year less; their one-year returns differ by 14.7 points.

Points (pts) are percentage points.

GUNR vs IGF: Holdings Overlap & Returns
Measure	GUNR	IGF
Return
Measure	GUNR	IGF
Total return, 1 year	+26.8%	+12.1%
Drawdown
Measure	GUNR	IGF
Below its all-time high	7.5%, high on Sep 9, 2026
Benchmark
Measure	GUNR	IGF
What it tracks	Natural resources	Infrastructure
Cost and size
Measure	GUNR	IGF
Expense ratio	0.46%	0.37%
Net assets, GUNR as of Jul 31, 2026 and IGF as of Nov 3, 2026	$7.2bn	$10.9bn
Holdings
Measure	GUNR	IGF
Holdings in common	not published

Method

Window by window

Window by window: GUNR vs IGF: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GUNR	IGF	GUNR	IGF
3 months	+1.3%	+0.4%	not measured	+0.1 pts vs GII
6 months	−2.5%	−1.0%	not measured	+0.3 pts vs GII
1 year	+26.8%	+12.1%	not measured	0.0 pts vs GII
3 years	+45.4%	+65.4%	not measured	+0.3 pts vs GII
Since launchNot the same days: GUNR Sep 2011 · IGF Dec 2007	+149.3%	+142.4%	not measured	not measured

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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 IGF iShares Global Infrastructure ETF · Holds 78 stocks in infrastructure, 32% of its weight in S&P 500 companies

Issuer Northern Trust iShares

Theme Natural resources Infrastructure

In the S&P 500 27.1% 31.6%

Active share vs the S&P 500 98.3% 98.3%

In the Nasdaq-100 0.4% 7.0%

Holdings 135 78

Top ten, share of the fund 36.6% 39.0%

Expense ratio 0.46% 0.37%

Fee for the differing part 0.47% 0.38%

Total return, 1 year +26.8% +12.1%

vs its benchmark not measured 0.0 pts vs GII

Below its high −7.5% −3.1%

Net assets, GUNR as of Jul 31, 2026 and IGF as of Nov 3, 2026 $7.2bn $10.9bn

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.

IGF

By weight, 32% of IGF'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 39% of the fund across 78 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +12.1% with distributions reinvested against +12.1% for its benchmark, the S&P Global Infrastructure Index, so a holder was about even.

Questions people ask

Which is more different from the S&P 500, GUNR or IGF?: GUNR has 27% of its weight in S&P 500 names and IGF has 32%, so GUNR differs more from the index.
Which is cheaper, GUNR or IGF?: GUNR charges 0.46% a year and IGF charges 0.37%, so IGF is cheaper. Fees come from each fund's prospectus.

Other comparisons

GUNR vs IFRA GUNR vs PAVE GUNR vs IBB GUNR vs ITA IGF vs GNR IGF vs ARKG IGF vs PPA IGF vs URA

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GUNR on its own →IGF on its own →GUNR dividend history →IGF dividend history →IGF holdings →Method →Standards and sources →

Sources and dates

GUNR filings on SEC EDGAR ↗

GUNR prospectus with the expense ratio (SEC) ↗

Northern Trust website ↗

IGF filings on SEC EDGAR ↗

IGF prospectus with the expense ratio (SEC) ↗

iShares page for IGF ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

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

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