IQ

Data as of Nov 4, 2026.

vsOpen in the appaskIQ about these two fundsAsk the committee about these two funds
Thematic ETFs

GUNR vs NANR: Holdings Overlap & Returns

Share
Share on XDownload as PDF

NANR holds 47.3% of its weight in S&P 500 companies and GUNR 27.1%.

askIQ about this page

askIQ about GUNR and NANR

Net assets: $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF, and $814m on Nov 3, 2026 for State Street SPDR S&P North American Natural Resources ETF.

GUNR on its own →NANR on its own →
At a glance
27.1%
GUNR in the S&P 500
47.3%
NANR in the S&P 500
+26.8%
GUNR total return, 1 year
+39.4%
NANR 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.

NANR · 1 year to Nov 4, 2026 53% of its weight is outside the S&P 500
53% of its weight is outside the S&P 50047% of NANR's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 41% of the fund · 202 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 2% in53% of its weight is outside the S&P 50047% of NANR's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.47%53%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 2% in

47% of NANR's weight is in S&P 500 companies and 53% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

NANR costs 0.11 points a year less; their one-year returns differ by 12.6 points.

GUNR vs NANR: Holdings Overlap & Returns
MeasureGUNRNANR
Return
Total return, 1 year+26.8%+39.4%
Drawdown
Below its all-time high7.5%, high on Sep 9, 20267.6%, high on Aug 21, 2026
Benchmark
What it tracksNatural resourcesNatural resources
Cost and size
Expense ratio0.46%0.35%
Net assets, GUNR as of Jul 31, 2026 and NANR as of Nov 3, 2026$7.2bn$814m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GUNR vs NANR: Holdings Overlap & Returns
Total return
WindowGUNRNANR
3 months+1.3%+3.3%
6 months−2.5%+2.1%
1 year+26.8%+39.4%
3 years+45.4%+75.2%
Since launchNot the same days: GUNR Sep 2011 · NANR Dec 2015+149.3%+337.7%

Open this comparison in the app →

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 NANR State Street SPDR S&P North American Natural Resources ETF · Holds 202 stocks in natural resources, 47% of its weight in S&P 500 companies
Issuer Northern Trust State Street
Theme Natural resources Natural resources
In the S&P 500 27.1% 47.3%
Active share vs the S&P 500 98.3% 97.5%
In the Nasdaq-100 0.4% 1.6%
Holdings 135 202
Top ten, share of the fund 36.6% 41.2%
Expense ratio 0.46% 0.35%
Fee for the differing part 0.47% 0.36%
Total return, 1 year +26.8% +39.4%
vs its benchmark not measured not measured
Below its high −7.5% −7.6%
Net assets, GUNR as of Jul 31, 2026 and NANR as of Nov 3, 2026 $7.2bn $814m

As of Nov 4, 2026. Source: ETFIQ.

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

NANR flows, by email on Sundays.

One-click unsubscribe. See Privacy.

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.

NANR

By weight, 47% of NANR'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 41% of the fund across 202 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +39.4% with distributions reinvested. It sits 7.6% below its all-time high of Aug 21, 2026.

Questions people ask

Which is more different from the S&P 500, GUNR or NANR?
GUNR has 27% of its weight in S&P 500 names and NANR has 47%, so GUNR differs more from the index.
Which is cheaper, GUNR or NANR?
GUNR charges 0.46% a year and NANR charges 0.35%, so NANR is cheaper. Fees come from each fund's prospectus.
Other comparisons
GUNR vs MGNRGUNR vs FTWOGUNR vs NRESGUNR vs IGENANR vs CCNRNANR vs CSNRNANR vs TURFNANR vs HAP
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GUNR on its own →NANR on its own →GUNR dividend history →NANR dividend history →NANR holdings →Method →Standards and sources →
Sources and dates
GUNR filings on SEC EDGAR ↗
GUNR prospectus with the expense ratio (SEC) ↗
Northern Trust website ↗
NANR filings on SEC EDGAR ↗
NANR prospectus with the expense ratio (SEC) ↗
State Street 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.

Cite this pageCitation, APA and Markdown

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

Open data →

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