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Data as of Nov 4, 2026.

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Thematic ETFs

GUNR vs QTUM: Holdings Overlap & Returns

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QTUM holds 37.7% 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 $4.9bn on Nov 3, 2026 for Defiance Quantum ETF.

GUNR on its own →QTUM on its own →
At a glance
27.1%
GUNR in the S&P 500
37.7%
QTUM in the S&P 500
+26.8%
GUNR total return, 1 year
+20.3%
QTUM 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.

QTUM · 1 year to Nov 4, 2026 62% of its weight is outside the S&P 500
62% of its weight is outside the S&P 50038% of QTUM's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Nov 4, 2026.38%62%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 82% · top ten 18% of the fund · 85 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 33% in62% of its weight is outside the S&P 50038% of QTUM's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Nov 4, 2026.38%62%in the S&P 500outside the S&P 500active share 82% · Nasdaq-100: 33% in

38% of QTUM's weight is in S&P 500 companies and 62% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

QTUM costs 0.06 points a year less; their one-year returns differ by 6.5 points.

GUNR vs QTUM: Holdings Overlap & Returns
MeasureGUNRQTUM
Return
Total return, 1 year+26.8%+20.3%
Drawdown
Below its all-time high7.5%, high on Sep 9, 202622.3%, high on Jun 2, 2026
Benchmark
What it tracksNatural resourcesQuantum computing
Cost and size
Expense ratio0.46%0.40%
Net assets, GUNR as of Jul 31, 2026 and QTUM as of Nov 3, 2026$7.2bn$4.9bn
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: GUNR vs QTUM: Holdings Overlap & Returns
Total return
WindowGUNRQTUM
3 months+1.3%−12.7%
6 months−2.5%−8.7%
1 year+26.8%+20.3%
3 years+45.4%+184.4%
Since launchNot the same days: GUNR Sep 2011 · QTUM Sep 2018+149.3%+465.1%

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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 QTUM Defiance Quantum ETF · Holds 85 stocks in quantum computing, 38% of its weight in S&P 500 companies
Issuer Northern Trust Defiance
Theme Natural resources Quantum computing
In the S&P 500 27.1% 37.7%
Active share vs the S&P 500 98.3% 82.2%
In the Nasdaq-100 0.4% 32.7%
Holdings 135 85
Top ten, share of the fund 36.6% 18.2%
Expense ratio 0.46% 0.40%
Fee for the differing part 0.47% 0.49%
Total return, 1 year +26.8% +20.3%
vs its benchmark not measured not measured
Below its high −7.5% −22.3%
Net assets, GUNR as of Jul 31, 2026 and QTUM as of Nov 3, 2026 $7.2bn $4.9bn

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.

QTUM

By weight, 38% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 18% of the fund across 85 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +20.3% with distributions reinvested. It sits 22.3% below its all-time high of Jun 2, 2026.

Questions people ask

Which is more different from the S&P 500, GUNR or QTUM?
GUNR has 27% of its weight in S&P 500 names and QTUM has 38%, so GUNR differs more from the index.
Which is cheaper, GUNR or QTUM?
GUNR charges 0.46% a year and QTUM charges 0.40%, so QTUM is cheaper. Fees come from each fund's prospectus.
Other comparisons
GUNR vs KWEBGUNR vs ARKKGUNR vs XMEGUNR vs GDXJQTUM vs GNRQTUM vs CQTMQTUM vs SHLDQTUM 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 →QTUM on its own →GUNR dividend history →QTUM dividend history →QTUM holdings →Method →Standards and sources →
Sources and dates
GUNR filings on SEC EDGAR ↗
GUNR prospectus with the expense ratio (SEC) ↗
Northern Trust website ↗
QTUM filings on SEC EDGAR ↗
QTUM prospectus with the expense ratio (SEC) ↗
Defiance page for QTUM ↗

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 QTUM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gunr-vs-qtum

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