GNRvsGUNRETF Comparison
ETF 1
GNR
State Street SPDR S&P Global Natural Resources ETF
This fund is part of
Natural Resources
-0.65%
VS
ETF 2
GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF
This fund is part of
Natural Resources
-0.65%
State Street SPDR S&P Global Natural Resources ETF (GNR) and FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF (GUNR) belong to the same industry segment: Natural Resources. Both ETFs have the same top 3 sector exposures: Materials, Energy and Consumer Staples. GNR is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.47% for GUNR. GNR is up 18.38% year-to-date (YTD) with +$268M in YTD flows. GUNR performs better with 18.46% YTD performance, and +$593M in YTD flows. Run a side-by-side ETF comparison of GNR and GUNR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GNR vs GUNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GNR GUNR | +0.33%-0.21% | +3.96%+4.03% | +18.38%+18.46% | +45.61%+45.44% | +44.36%+40.36% | +67.06%+68.65% |
| Flows | GNR GUNR | -$101M-$19M | +$179M+$309M | +$268M+$593M | +$790M+$712M | +$85M-$1.40B | +$1.77B+$416M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GNR GUNR | +18.75%+17.80% | +14.33%+13.07% | +15.41%+14.42% | +18.17%+16.90% |
| Max drawdown | GNR GUNR | -7.23%-6.11% | -7.23%-6.11% | -19.80%-18.53% | -25.18%-23.49% |
| Max drawdown duration | GNR GUNR | 57d35d | 57d35d | 457d427d | 758d1239d |
Trading data
GNR | GUNR | |
Last sale 4/29/2026 at 5:22 PM | $73.63 | $54.22 |
| Previous close 04/28/2026 | $73.46 | $54.12 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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GNR | GUNR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/29/2026 at 5:22 PM
Live
Closed
GNR | GUNR | |
|---|---|---|
| Last price | $73.63 | $54.22 |
| 1D performance | +0.23% | +0.18% |
| AuM | $4.81 B | $7.40 B |
| E/R | 0.4% | 0.47% |
Characteristics
GNR | GUNR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | FlexShares |
| Benchmark | S&P Global Natural Resources Index | Morningstar Global Upstream Natural Resources Index |
| N° of holdings | 77 | 117 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2010 | September 16, 2011 |
| ESG | No | No |
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Exposure
Countries
GNR
USA
37.82%
Canada
19.57%
United Kingdom
11%
Other
31.61%
GUNR
USA
33.89%
Canada
18.33%
United Kingdom
11.12%
Other
36.66%
Sectors
GNR
Materials
45.75%
Energy
35.14%
Other
19.11%
GUNR
Materials
44.23%
Energy
32.78%
Consumer Staples
9.67%
Other
13.33%
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Diversification
GNR
Total weight of top 15 holdings out of 15
47.1%
GUNR
Total weight of top 15 holdings out of 15
46.02%
Top 15 holdings
Data as of March 31, 2026
GNR
EXXON
5.51%
SHELL PLC
5.30%
NUTRIEN LTD
5.22%
BHP GROUP LTD
3.97%
TOTALENERGIES SE
3.68%
CHEVRON TEXACO
3.02%
UPM-KYMMENE OY
2.89%
NEWMONT CORP
2.68%
CORTEVA INC
2.62%
BP
2.44%
AGNICO EAGLE MINES LTD
2.31%
CDN NATURAL RESOURCE
1.97%
FREEPORT-MCMORAN INC
1.91%
US7594701077
1.91%
YARA INTL
1.68%
GUNR
EXXON
5.40%
CORTEVA INC
5.12%
NUTRIEN LTD
4.75%
SHELL PLC
4.02%
CHEVRON TEXACO
4.00%
BHP GROUP LTD
3.68%
ARCHER DANIELS
3.14%
TOTALENERGIES SE
2.85%
AGNICO EAGLE MINES LTD
2.13%
RIO TINTO
2.03%
NEWMONT CORP
1.98%
BP
1.81%
TYSON FOODS
1.73%
CF INDUSTRIES HOLDINGS
1.71%
CONOCOPHILLIPS
1.68%
Frequently asked questions about GNR and GUNR
How have the GNR and GUNR ETFs performed in 2026?
As of April 28, 2026, GNR is up 18.38% year-to-date (YTD), while GUNR has returned 18.46%. That puts GUNR better performer ahead so far this year.
Which ETF is attracting more investor money: GNR or GUNR?
Year-to-date, the GNR ETF saw +$268M in flows, compared to +$593M for GUNR.
Which ETF is more volatile: GNR or GUNR?
Over the past year, GNR had a volatility of 14.33%, while GUNR experienced 13.07%.
Which ETF is bigger: GNR or GUNR?
As of April 28, 2026, GNR holds $4.81 B in assets under management (AUM), while GUNR manages $7.40 B.
What sectors do the GNR and GUNR ETFs invest in?
GNR leans toward sectors like Materials and Energy. Meanwhile, GUNR focuses on Materials, Energy and Consumer Staples.
What are the top holdings of the GNR ETF and GUNR ETF?
GNR top holdings include EXXON, SHELL PLC and NUTRIEN LTD. GUNR holds in its top three: EXXON, CORTEVA INC and NUTRIEN LTD.
Which ETF is more diversified: GNR or GUNR?
GNR holds 89 securities with 47.1% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 46.02%.
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