Data as of Nov 4, 2026.

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Thematic ETFs

IGE vs NRES: Holdings Overlap & Returns

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IGE holds 49.1% of its weight in S&P 500 companies and NRES 33.4%.

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Net assets: $797m on Nov 4, 2026 for iShares North American Natural Resources ETF, and $35m on Nov 2, 2026 for Xtrackers RREEF Global Natural Resources ETF.

At a glance
49.1%
IGE in the S&P 500
33.4%
NRES in the S&P 500
+37.1%
IGE total return, 1 year
+27.4%
NRES total return, 1 year
IGE · 1 year to Nov 4, 2026 51% of its weight is outside the S&P 500
51% of its weight is outside the S&P 50049% of IGE's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Nov 3, 2026.49%51%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 45% of the fund · 151 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 2% in51% of its weight is outside the S&P 50049% of IGE's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Nov 3, 2026.49%51%in the S&P 500outside the S&P 500active share 98% · Nasdaq-100: 2% in

49% of IGE's weight is in S&P 500 companies and 51% is outside the index. Holdings as of Nov 3, 2026.

NRES · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500
67% of its weight is outside the S&P 50033% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.33%67%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 37% of the fund · 58 holdings as filed for Aug 31, 2026 · Nasdaq-100: 1% in67% of its weight is outside the S&P 50033% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.33%67%inoutside the S&P 500active share 98% · Nasdaq-100: 1% in

33% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

IGE costs 0.08 points a year less; their one-year returns differ by 9.7 points; IGE is far larger, $818m against $35m.

Points (pts) are percentage points.

IGE vs NRES: Holdings Overlap & Returns
MeasureIGENRES
Return
Total return, 1 year+37.1%+27.4%
Drawdown
Below its all-time high5.4%, high on Oct 30, 20268.2%, high on Aug 21, 2026
Against its benchmark
What it tracksNatural resourcesNatural resources
Its benchmark, total return, 1 year+32.9%
Against its benchmark, 1 yearbehind by 5.5 pts
Cost and size
Expense ratio0.37%0.45%
Net assets, as of Nov 2, 2026$818m$35m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: IGE vs NRES: Holdings Overlap & Returns
Total returnvs its benchmark
WindowIGENRESIGENRES
3 months+5.8%+0.7%not measured−0.7 pts vs GNR
6 months+4.0%−3.0%not measured−3.4 pts vs GNR
1 year+37.1%+27.4%not measured−5.5 pts vs GNR
3 years+64.8%–not measured–
Since launchNot the same days: IGE Nov 2001 · NRES Feb 2024+595.7%+42.8%not measured−8.9 pts vs GNR

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Side by side

IGE iShares North American Natural Resources ETF · Holds 151 stocks in natural resources, 49% of its weight in S&P 500 companies NRES Xtrackers RREEF Global Natural Resources ETF · Holds 58 stocks in natural resources, 33% of its weight in S&P 500 companies
Theme Natural resources Natural resources
In the S&P 500 49.1% 33.4%
Active share vs the S&P 500 97.5% 98.2%
In the Nasdaq-100 2.3% 0.7%
Holdings 151 58
Top ten, share of the fund 45.0% 37.2%
Expense ratio 0.37% 0.45%
Fee for the differing part 0.38% 0.46%
Total return, 1 year +37.1% +27.4%
vs its benchmark not measured −5.5 pts vs GNR
Below its high −5.4% −8.2%
Net assets, IGE as of Nov 4, 2026 and NRES as of Nov 2, 2026 $797m $35m

As of Nov 4, 2026. Source: ETFIQ.

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About each fund
IGE

By weight, 49% of IGE'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 45% of the fund across 151 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +37.1% with distributions reinvested. It sits 5.4% below its all-time high of Oct 30, 2026.

NRES

By weight, 33% of NRES'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 58 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Net TR index, so a holder was behind by 5.5 pts. It sits 8.2% below its all-time high of Aug 21, 2026.

Questions people ask

Which is more different from the S&P 500, IGE or NRES?
IGE has 49% of its weight in S&P 500 names and NRES has 33%, so NRES differs more from the index.
Which is cheaper, IGE or NRES?
IGE charges 0.37% a year and NRES charges 0.45%, so IGE is cheaper. Fees come from each fund's prospectus.
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ETFIQ, IGE against NRES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ige-vs-nres

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