# Natural resources ETFs: 12 funds, largest first

> 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.

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

Data as of Nov 4, 2026 .

## Natural resources ETFs: what each one holds

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.

12 US listed natural resources ETFs

$7.2bn The largest, GUNR

0.35% The cheapest, NANR

+39.4% Best one year, NANR

### The short answers

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

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.

| Company | Among the ten largest of | Average weight where it is | Largest, and in which fund |
| --- | --- | --- | --- |
| EXXONMOBIL HOLDINGS CORP XOM | 6 of 12 | 7.3% | 11.5% in NANR |
| CHEVRON CORP CVX | 6 of 12 | 5.7% | 10.9% in IGE |
| NUTRIEN LTD NTR | 5 of 12 | 3.7% | 5.6% in NRES |
| NEWMONT CORP NEM | 5 of 12 | 3.4% | 4.3% in NRES |
| SHELL PLC SHEL | 3 of 12 | 4.5% | 5.6% in NRES |
| FREEPORT MCMORAN INC FCX | 3 of 12 | 2.8% | 3.3% in FTWO |
| VYLOR INC VYLR | 3 of 12 | 2.6% | 3.0% in NANR |
| Deere & Co DE | 2 of 12 | 8.2% | 11.2% in FTWO |
| AngloGold Ashanti plc AU | 2 of 12 | 4.8% | 6.5% in FTRI |
| CONOCOPHILLIPS COP | 2 of 12 | 3.7% | 4.3% in IGE |
| BHP GROUP LTD BHP | 2 of 12 | 3.6% | 4.4% in GNR |
| Corteva Inc CTVA | 2 of 12 | 3.4% | 4.0% in FTWO |
| TotalEnergies SE | 2 of 12 | 3.3% | 3.8% in CSNR |
| MARATHON PETROLEUM CORP MPC | 2 of 12 | 2.5% | 3.0% in IGE |
| Nutrien Ltd | 2 of 12 | 2.3% | 3.6% in CSNR |

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.

### The 10 largest natural resources ETFs

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 .

- GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF $7.2bn 0.46%

- GNR State Street SPDR S&P Global Natural Resources ETF $5.3bn 0.40%

- MGNR American Beacon GLG Natural Resources ETF $842m 0.75%

- NANR State Street SPDR S&P North American Natural Resources ETF $814m 0.35%

- IGE iShares North American Natural Resources ETF $797m 0.37%

- CCNR ALPS | CoreCommodity Natural Resources ETF $427m 0.39%

- TURF T. Rowe Price Natural Resources ETF $335m 0.44%

- HAP VanEck Natural Resources ETF $321m 0.41%

- FTRI First Trust Indxx Global Natural Resources Income ETF $113m 0.70%

- CSNR Cohen & Steers Natural Resources Active ETF $91m 0.50%

| Ticker | Fund | Issuer | Net assets | In the S&P 500 | Active share | Total return 1Y | vs its benchmark 1Y | Fee |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| GUNR | Northern Trust Morningstar Global Upstream Natural Resources ETF | Northern Trust | $7.2bn | 27.1% | 98.3% | +26.8% | not measured | 0.46% |
| GNR | State Street SPDR S&P Global Natural Resources ETF | State Street | $5.3bn | 25.9% | 97.6% | +32.9% | not measured | 0.40% |
| MGNR | American Beacon GLG Natural Resources ETF | American Beacon | $842m | 21.3% | 99.6% | +21.7% | −11.2 pts vs GNR | 0.75% |
| NANR | State Street SPDR S&P North American Natural Resources ETF | State Street | $814m | 47.3% | 97.5% | +39.4% | not measured | 0.35% |
| IGE | iShares North American Natural Resources ETF | iShares | $797m | 49.1% | 97.5% | +37.1% | not measured | 0.37% |
| CCNR | ALPS | CoreCommodity Natural Resources ETF | ALPS | $427m | 8.9% | 98.6% | +25.6% | not measured | 0.39% |
| TURF | T. Rowe Price Natural Resources ETF | T. Rowe Price | $335m | 30.2% | 97.9% | +25.6% | −1.2 pts vs GUNR | 0.44% |
| HAP | VanEck Natural Resources ETF | VanEck | $321m | 39.0% | 96.0% | +34.3% | +19.3 pts vs ACWI | 0.41% |
| 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% |
| CSNR | Cohen & Steers Natural Resources Active ETF | Cohen & Steers | $91m | 33.1% | 97.7% | +29.7% | −3.2 pts vs GNR | 0.50% |
| FTWO | Strive Natural Resources and Security ETF | Strive | $73m | 67.8% | 95.1% | +14.6% | not measured | 0.49% |
| NRES | Xtrackers RREEF Global Natural Resources ETF | Xtrackers | $35m | 33.4% | 98.2% | +27.4% | −5.5 pts vs GNR | 0.45% |

### How much of each pair is the same fund

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.

| | GNR | NANR | IGE | CCNR | HAP | FTRI | FTWO |
| --- | --- | --- | --- | --- | --- | --- | --- |
| GNR | · | 51% | 34% | 17% | 55% | 15% | 28% |
| NANR | 51% | · | 66% | 17% | 43% | 9% | 37% |
| IGE | 34% | 66% | · | 11% | 35% | 2% | 31% |
| CCNR | 17% | 17% | 11% | · | 21% | 9% | 9% |
| HAP | 55% | 43% | 35% | 21% | · | 10% | 36% |
| FTRI | 15% | 9% | 2% | 9% | 10% | · | 6% |
| FTWO | 28% | 37% | 31% | 9% | 36% | 6% | · |

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.

### What each fund holds alone

| Fund | Largest holding it alone has | Weight | All of its own names |
| --- | --- | --- | --- |
| GNR | GLENCORE PLC GLEN | 1.5% | 6.8% |
| NANR | DPM METALS INC DPM | 0.2% | 2.3% |
| IGE | CRH PUBLIC LIMITED PLC CRH | 1.5% | 6.1% |
| CCNR | Northland Power Inc | 0.9% | 40.1% |
| HAP | Bayer Ag | 3.9% | 12.1% |
| FTRI | E.ON SE EOAN.GY | 7.2% | 22.8% |
| FTWO | Constellation Energy Corp CEG | 8.0% | 35.3% |

### Questions people ask

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’s 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

The issuers behind these natural resources funds publish their own work on this theme. These are their pages and words, not ETFIQ’s. A fund company writing about a theme it sells is making a case.

| Issuer | What they publish | Kind |
| --- | --- | --- |
| iShares | iShares Portfolio Insights | Their research index |
| VanEck | VanEck Insights | Their research index |
| First Trust | First Trust Investment Insights | Their research index |

### Where to next

### Sources

Links are sources, not endorsements.

ETFIQ is an independent publisher and makes no recommendations. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Natural resources ETFs: what each one holds, data as of Nov 4, 2026. https://etfiq.com/themes/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/themes/natural-resources