{"url":"https://etfiq.com/themes/natural-resources","section":"themes","title":"Natural resources ETFs: 12 funds, largest first | ETFIQ","description":"ETFIQ covers 12 natural resources ETFs. The largest are GUNR ($7.2bn) and GNR ($5.3bn); fees run 0.35% to 0.75%, as of Jul 31 to Nov 3, 2026.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many natural resources ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"ETFIQ covers 12 US listed natural resources ETFs as of Nov 4, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest natural resources ETF?","acceptedAnswer":{"@type":"Answer","text":"GUNR, Northern Trust Morningstar Global Upstream Natural Resources ETF, at $7.2bn in net assets as of Jul 31, 2026, the largest of the 12 natural resources ETFs with a published size."}},{"@type":"Question","name":"What is the cheapest natural resources ETF?","acceptedAnswer":{"@type":"Answer","text":"NANR, State Street SPDR S&P North American Natural Resources ETF, at 0.35% a year by its prospectus filed Jan 23, 2026, the lowest fee of the 12 natural resources ETFs that publish one."}},{"@type":"Question","name":"Which natural resources ETF has performed best over the past year?","acceptedAnswer":{"@type":"Answer","text":"NANR, State Street SPDR S&P North American Natural Resources ETF, at +39.4% total return over the year to Nov 4, 2026, the highest of the 12 natural resources ETFs with a full year of trading behind them. Past returns do not predict future ones."}},{"@type":"Question","name":"What do natural resources ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"Funds that hold the producers of energy, metals and farm inputs together: oil and gas, miners, forestry and agriculture, in one basket. Between them the 12 natural resources ETFs ETFIQ can read name 87 companies in their ten largest holdings, by holdings dated Jun 30, 2026 to Nov 3, 2026, most widely EXXONMOBIL HOLDINGS CORP, which is among the ten largest of 6 of them."}},{"@type":"Question","name":"Do natural resources ETFs hold the same companies?","acceptedAnswer":{"@type":"Answer","text":"It depends which two. Across the 21 pairs of the 7 natural resources ETFs with a full published book, by holdings dated Jun 30, 2026 to Nov 3, 2026, IGE and NANR hold 66% of their weight in the same companies, FTRI and IGE hold 2%, and the middle pair holds 21%. Two funds sold on one theme are not the same fund."}}]},{"@type":"ItemList","name":"Natural resources ETFs: 12 funds, largest first","numberOfItems":12,"itemListElement":[{"@type":"ListItem","position":1,"name":"GUNR","url":"https://etfiq.com/funds/gunr"},{"@type":"ListItem","position":2,"name":"GNR","url":"https://etfiq.com/funds/gnr"},{"@type":"ListItem","position":3,"name":"MGNR","url":"https://etfiq.com/funds/mgnr"},{"@type":"ListItem","position":4,"name":"NANR","url":"https://etfiq.com/funds/nanr"},{"@type":"ListItem","position":5,"name":"IGE","url":"https://etfiq.com/funds/ige"},{"@type":"ListItem","position":6,"name":"CCNR","url":"https://etfiq.com/funds/ccnr"},{"@type":"ListItem","position":7,"name":"TURF","url":"https://etfiq.com/funds/turf"},{"@type":"ListItem","position":8,"name":"HAP","url":"https://etfiq.com/funds/hap"},{"@type":"ListItem","position":9,"name":"FTRI","url":"https://etfiq.com/funds/ftri"},{"@type":"ListItem","position":10,"name":"CSNR","url":"https://etfiq.com/funds/csnr"},{"@type":"ListItem","position":11,"name":"FTWO","url":"https://etfiq.com/funds/ftwo"},{"@type":"ListItem","position":12,"name":"NRES","url":"https://etfiq.com/funds/nres"}]},{"@type":"ItemList","name":"The 10 largest natural resources ETFs","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":10,"itemListElement":[{"@type":"ListItem","position":1,"name":"GUNR","url":"https://etfiq.com/funds/gunr"},{"@type":"ListItem","position":2,"name":"GNR","url":"https://etfiq.com/funds/gnr"},{"@type":"ListItem","position":3,"name":"MGNR","url":"https://etfiq.com/funds/mgnr"},{"@type":"ListItem","position":4,"name":"NANR","url":"https://etfiq.com/funds/nanr"},{"@type":"ListItem","position":5,"name":"IGE","url":"https://etfiq.com/funds/ige"},{"@type":"ListItem","position":6,"name":"CCNR","url":"https://etfiq.com/funds/ccnr"},{"@type":"ListItem","position":7,"name":"TURF","url":"https://etfiq.com/funds/turf"},{"@type":"ListItem","position":8,"name":"HAP","url":"https://etfiq.com/funds/hap"},{"@type":"ListItem","position":9,"name":"FTRI","url":"https://etfiq.com/funds/ftri"},{"@type":"ListItem","position":10,"name":"CSNR","url":"https://etfiq.com/funds/csnr"}]},{"@type":"Dataset","name":"Natural resources ETFs: what each one holds","description":"ETFIQ covers 12 natural resources ETFs. The largest are GUNR ($7.2bn) and GNR ($5.3bn); fees run 0.35% to 0.75%, as of Jul 31 to Nov 3, 2026.","url":"https://etfiq.com/themes/natural-resources","dateModified":"2026-11-04","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Natural resources","item":"https://etfiq.com/themes/natural-resources"}]},{"@type":"WebPage","name":"Natural resources ETFs: 12 funds, largest first","description":"ETFIQ covers 12 natural resources ETFs. The largest are GUNR ($7.2bn) and GNR ($5.3bn); fees run 0.35% to 0.75%, as of Jul 31 to Nov 3, 2026.","url":"https://etfiq.com/themes/natural-resources","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":9554,"truncated":false,"content":"ETFIQ / Thematic ETFs / Natural resources \n \n Data as of Nov 4, 2026 .\n Natural resources ETFs: what each one holds\n See every natural resources ETF by what it holds, not by its name. Funds that hold the producers of energy, metals and farm inputs together: oil and gas, miners, forestry and agriculture, in one basket. 12 funds, largest first. Updated Nov 4, 2026. The typical fund carries 32% of its weight in S&P 500 stocks, the 26th most of the 54 themes with holdings on file.\n 12 US listed natural resources ETFs \n $7.2bn The largest, GUNR \n 0.35% The cheapest, NANR \n +39.4% Best one year, NANR \n\n The short answers\n Least like the S&P 500 CCNR , ALPS | CoreCommodity Natural Resources ETF, 8.9% of its weight in S&P 500 companies. Closest pair IGE and NANR , 66% of their weight in the same companies. What these funds actually own\n Between them the 12 funds' ten largest holdings name 87 companies, of which 16 appear in more than one. EXXONMOBIL HOLDINGS CORP is among the ten largest of 6 of them, at an average of 7.3% of the fund.\n Natural resources ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Among the ten largest of Average weight where it is Largest, and in which fund \n EXXONMOBIL HOLDINGS CORP XOM 6 of 12 7.3% 11.5% in NANR \n CHEVRON CORP CVX 6 of 12 5.7% 10.9% in IGE \n NUTRIEN LTD NTR 5 of 12 3.7% 5.6% in NRES \n NEWMONT CORP NEM 5 of 12 3.4% 4.3% in NRES \n SHELL PLC SHEL 3 of 12 4.5% 5.6% in NRES \n FREEPORT MCMORAN INC FCX 3 of 12 2.8% 3.3% in FTWO \n VYLOR INC VYLR 3 of 12 2.6% 3.0% in NANR \n Deere & Co DE 2 of 12 8.2% 11.2% in FTWO \n AngloGold Ashanti plc AU 2 of 12 4.8% 6.5% in FTRI \n CONOCOPHILLIPS COP 2 of 12 3.7% 4.3% in IGE \n BHP GROUP LTD BHP 2 of 12 3.6% 4.4% in GNR \n Corteva Inc CTVA 2 of 12 3.4% 4.0% in FTWO \n TotalEnergies SE 2 of 12 3.3% 3.8% in CSNR \n MARATHON PETROLEUM CORP MPC 2 of 12 2.5% 3.0% in IGE \n Nutrien Ltd 2 of 12 2.3% 3.6% in CSNR \n \n The 15 most widely held of 87. Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.\n The 10 largest natural resources ETFs\n ETFIQ covers 12 natural resources ETFs. The largest are GUNR ( $7.2bn ), GNR ( $5.3bn ) and MGNR ( $842m ); fees run 0.35% to 0.75% , as of Jul 31 to Nov 3, 2026 .\n GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF $7.2bn 0.46% \n GNR State Street SPDR S&P Global Natural Resources ETF $5.3bn 0.40% \n MGNR American Beacon GLG Natural Resources ETF $842m 0.75% \n NANR State Street SPDR S&P North American Natural Resources ETF $814m 0.35% \n IGE iShares North American Natural Resources ETF $797m 0.37% \n CCNR ALPS | CoreCommodity Natural Resources ETF $427m 0.39% \n TURF T. Rowe Price Natural Resources ETF $335m 0.44% \n HAP VanEck Natural Resources ETF $321m 0.41% \n FTRI First Trust Indxx Global Natural Resources Income ETF $113m 0.70% \n CSNR Cohen & Steers Natural Resources Active ETF $91m 0.50% \n \n Natural resources ETFs: what each one holds, as of Nov 4, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF Northern Trust $7.2bn 27.1% 98.3% +26.8% not measured 0.46% \n GNR State Street SPDR S&P Global Natural Resources ETF State Street $5.3bn 25.9% 97.6% +32.9% not measured 0.40% \n MGNR American Beacon GLG Natural Resources ETF American Beacon $842m 21.3% 99.6% +21.7% \u221211.2 pts vs GNR 0.75% \n NANR State Street SPDR S&P North American Natural Resources ETF State Street $814m 47.3% 97.5% +39.4% not measured 0.35% \n IGE iShares North American Natural Resources ETF iShares $797m 49.1% 97.5% +37.1% not measured 0.37% \n CCNR ALPS | CoreCommodity Natural Resources ETF ALPS $427m 8.9% 98.6% +25.6% not measured 0.39% \n TURF T. Rowe Price Natural Resources ETF T. Rowe Price $335m 30.2% 97.9% +25.6% \u22121.2 pts vs GUNR 0.44% \n HAP VanEck Natural Resources ETF VanEck $321m 39.0% 96.0% +34.3% +19.3 pts vs ACWI 0.41% \n FTRI First Trust Indxx Global Natural Resources Income ETF First Trust $113m 14.9% 99.9% +21.2% +6.2 pts vs ACWI 0.70% \n CSNR Cohen & Steers Natural Resources Active ETF Cohen & Steers $91m 33.1% 97.7% +29.7% \u22123.2 pts vs GNR 0.50% \n FTWO Strive Natural Resources and Security ETF Strive $73m 67.8% 95.1% +14.6% not measured 0.49% \n NRES Xtrackers RREEF Global Natural Resources ETF Xtrackers $35m 33.4% 98.2% +27.4% \u22125.5 pts vs GNR 0.45% \n \n How much of each pair is the same fund\n The closest pair is IGE and NANR , which hold 66% of their weight in the same companies. The furthest apart is FTRI and IGE at 2%. The middle pair of the 21 is 21%. The grid is the 7 largest of 12 funds.\n Natural resources ETFs, the share of each pair\u2019s weight held in the same companies. Read across or down; the number is the same either way. Cells are shaded against the closest pair here, 66%. Source: each fund\u2019s own filed or daily holdings, read by ETFIQ. GNR NANR IGE CCNR HAP FTRI FTWO \n GNR \u00b7 51% 34% 17% 55% 15% 28% \n NANR 51% \u00b7 66% 17% 43% 9% 37% \n IGE 34% 66% \u00b7 11% 35% 2% 31% \n CCNR 17% 17% 11% \u00b7 21% 9% 9% \n HAP 55% 43% 35% 21% \u00b7 10% 36% \n FTRI 15% 9% 2% 9% 10% \u00b7 6% \n FTWO 28% 37% 31% 9% 36% 6% \u00b7 \n \n Weight overlap adds the smaller of the two weights for every company both funds hold. Funds with a cut-short book are left out, not compared short.\n What each fund holds alone\n Natural resources ETFs, the largest holding no other fund in the grid holds. Source: ETFIQ. Fund Largest holding it alone has Weight All of its own names \n GNR GLENCORE PLC GLEN 1.5% 6.8% \n NANR DPM METALS INC DPM 0.2% 2.3% \n IGE CRH PUBLIC LIMITED PLC CRH 1.5% 6.1% \n CCNR Northland Power Inc 0.9% 40.1% \n HAP Bayer Ag 3.9% 12.1% \n FTRI E.ON SE EOAN.GY 7.2% 22.8% \n FTWO Constellation Energy Corp CEG 8.0% 35.3% \n \n Questions people ask\n How many natural resources ETFs are there? ETFIQ covers 12 US listed natural resources ETFs as of Nov 4, 2026. That is every one it can measure from the fund\u2019s own published holdings. What is the largest natural resources ETF? GUNR , Northern Trust Morningstar Global Upstream Natural Resources ETF, at $7.2bn in net assets as of Jul 31, 2026, the largest of the 12 natural resources ETFs with a published size. What is the cheapest natural resources ETF? NANR , State Street SPDR S&P North American Natural Resources ETF, at 0.35% a year by its prospectus filed Jan 23, 2026, the lowest fee of the 12 natural resources ETFs that publish one. Which natural resources ETF has performed best over the past year? NANR , State Street SPDR S&P North American Natural Resources ETF, at +39.4% total return over the year to Nov 4, 2026, the highest of the 12 natural resources ETFs with a full year of trading behind them. Past returns do not predict future ones. What do natural resources ETFs hold? Funds that hold the producers of energy, metals and farm inputs together: oil and gas, miners, forestry and agriculture, in one basket. Between them the 12 natural resources ETFs ETFIQ can read name 87 companies in their ten largest holdings, by holdings dated Jun 30, 2026 to Nov 3, 2026, most widely EXXONMOBIL HOLDINGS CORP, which is among the ten largest of 6 of them. Do natural resources ETFs hold the same companies? It depends which two. Across the 21 pairs of the 7 natural resources ETFs with a full published book, by holdings dated Jun 30, 2026 to Nov 3, 2026, IGE and NANR hold 66% of their weight in the same companies, FTRI and IGE hold 2%, and the middle pair holds 21%. Two funds sold on one theme are not the same fund. What the issuers say about this theme\n The issuers behind these natural resources funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n iShares iShares Portfolio Insights Their research index \n VanEck VanEck Insights Their research index \n First Trust First Trust Investment Insights Their research index \n \n Where to next\n The largest natural resources ETFs The cheapest natural resources ETFs The natural resources ETFs least like the S&P 500 The natural resources ETFs that returned most The most concentrated natural resources ETFs Every thematic ETF Compare two funds The vocabulary Sources\n Fund holdings from SEC Form N-PORT and from the issuers\u2019 own daily files SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Natural resources ETFs: what each one holds, data as of Nov 4, 2026. https://etfiq.com/themes/natural-resources Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Natural resources ETFs: what each one holds, data as of Nov 4, 2026. https://etfiq.com/themes/natural-resources APA ETFIQ. (Nov 4, 2026). Natural resources ETFs: what each one holds. Retrieved from https://etfiq.com/themes/natural-resources Markdown [Natural resources ETFs: what each one holds (ETFIQ, Nov 4, 2026)](https://etfiq.com/themes/natural-resources)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Natural resources ETFs: what each one holds, data as of Nov 4, 2026. https://etfiq.com/themes/natural-resources"}