# The natural resources ETFs least like the S&P 500

> CCNR leads the natural resources ETFs least like the S&P 500 at 8.9% (weight in S&P 500 companies), as of Nov 4, 2026. A ranking is not a recommendation.

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026 . Rebuilt every trading night.

## The natural resources ETFs least like the S&P 500

See 12 funds ranked by the share of each fund held in S&P 500 companies. Updated Nov 4, 2026. Every fund here is sold on natural resources. The one at the top holds the least of the S&P 500, so it adds the most you do not already own.

| # | Ticker | Fund | Weight in S&P 500 companies | Active share | Net assets | Fee |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | CCNR | ALPS | CoreCommodity Natural Resources E | 8.9% | 98.6% | $427m | 0.39% |
| 2 | FTRI | First Trust Indxx Global Natural Resourc | 14.9% | 99.9% | $113m | 0.70% |
| 3 | MGNR | American Beacon GLG Natural Resources ET | 21.3% | 99.6% | $842m | 0.75% |
| 4 | GNR | State Street SPDR S&P Global Natural Res | 25.9% | 97.6% | $5.3bn | 0.40% |
| 5 | GUNR | Northern Trust Morningstar Global Upstre | 27.1% | 98.3% | $7.2bn | 0.46% |
| 6 | TURF | T. Rowe Price Natural Resources ETF | 30.2% | 97.9% | $335m | 0.44% |
| 7 | CSNR | Cohen & Steers Natural Resources Active | 33.1% | 97.7% | $91m | 0.50% |
| 8 | NRES | Xtrackers RREEF Global Natural Resources | 33.4% | 98.2% | $35m | 0.45% |
| 9 | HAP | VanEck Natural Resources ETF | 39.0% | 96.0% | $321m | 0.41% |
| 10 | NANR | State Street SPDR S&P North American Nat | 47.3% | 97.5% | $814m | 0.35% |
| 11 | IGE | iShares North American Natural Resources | 49.1% | 97.5% | $797m | 0.37% |
| 12 | FTWO | Strive Natural Resources and Security ET | 67.8% | 95.1% | $73m | 0.49% |

### Method

The 12 of 12 ETFs in the natural resources theme with a filed book, least overlap first, each measured against the S&P 500 holdings ETFIQ reads for the same date. Across the funds listed here the weight held in S&P 500 companies runs from 8.9% to 67.8%. A thematic fund is worth its fee only for the part of it you do not already own. The list sorts one published number, with no scoring or weighting. Every fund ETFIQ covers in this category is eligible, closed funds included.

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### Sources

Links are sources, not endorsements.

A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, The natural resources ETFs least like the S&P 500, ranked by the share of each fund held in S&P 500 companies, data as of Nov 4, 2026. https://etfiq.com/rankings/themes-off-index-natural-resources
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/rankings/themes-off-index-natural-resources