GNRvsGUNRETF Comparison
ETF 1
GNR
State Street SPDR S&P Global Natural Resources ETF
This fund is part of
Natural Resources
-1.5%
VS
ETF 2
GUNR
Northern Trust Morningstar Global Upstream Natural Resources ETF
This fund is part of
Natural Resources
-1.5%
State Street SPDR S&P Global Natural Resources ETF (GNR) and Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) belong to the same industry segment: Natural Resources. Both ETFs have the same top 3 sector exposures: Non-Energy Materials, Energy and Consumer Non-Cyclicals. GNR is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.47% for GUNR. GNR is up 28.04% year-to-date (YTD) with +$387M in YTD flows. GUNR performs worse with 24.95% YTD performance, and +$224M 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 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GNR GUNR | +4.94%+5.44% | +12.26%+10.48% | +28.04%+24.95% | +38.66%+34.69% | +55.78%+51.43% | +82.36%+82.76% |
| Flows | GNR GUNR | +$86M-$103M | +$35M-$369M | +$387M+$224M | +$668M+$588M | +$389M-$1.87B | +$1.59B-$570M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GNR GUNR | +13.82%+13.45% | +15.10%+14.29% | +15.10%+14.13% | +17.90%+16.68% |
| Max drawdown | GNR GUNR | -7.23%-6.60% | -10.66%-11.57% | -19.80%-18.53% | -25.18%-23.49% |
| Max drawdown duration | GNR GUNR | 43d37d | 158d98d | 457d427d | 758d1239d |
Trading data
GNR | GUNR | |
Last sale 9/11/2026 at 1:30 PM | $78.59 | $56.62 |
| Previous close 09/10/2026 | $78.56 | $56.63 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/11/2026 at 1:30 PM
Live
Closed
GNR | GUNR | |
|---|---|---|
| Last price | $78.59 | $56.62 |
| 1D performance | +0.04% | -0.02% |
| AuM | $5.26 B | $7.36 B |
| E/R | 0.4% | 0.47% |
Characteristics
GNR | GUNR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Northern Trust |
| Benchmark | S&P Global Natural Resources Index | Morningstar Global Upstream Natural Resources Index |
| N° of holdings | 87 | 120 |
| 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
30.01%
Canada
17.9%
United Kingdom
9.47%
Australia
8.04%
Other
34.59%
GUNR
USA
35.18%
Canada
16.87%
United Kingdom
11.2%
Other
36.76%
Sectors
GNR
Non-Energy Materi.
58.43%
Energy
30.27%
Other
11.3%
GUNR
Non-Energy Materi.
48.06%
Energy
32.26%
Consumer Non-Cycl.
11.72%
Other
7.97%
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Diversification
GNR
Total weight of top 15 holdings out of 15
41.69%
GUNR
Total weight of top 15 holdings out of 15
44.47%
Top 15 holdings
Data as of July 31, 2026
GNR
BHP Group Ltd.
5.17%
Nutrien Ltd.
4.93%
Shell Plc
4.53%
TotalEnergies SE
3.13%
Corteva, Inc.
2.84%
UPM-Kymmene Oyj
2.79%
Chevron Corp.
2.70%
Newmont Corp.
2.50%
Freeport-McMoRan, Inc.
2.20%
BP Plc
2.04%
Archer-Daniels-Midland Co.
2.04%
Agnico Eagle Mines Ltd.
1.78%
Canadian Natural Resources Ltd.
1.73%
Glencore Plc
1.70%
Reliance Industries Ltd.
1.62%
GUNR
ExxonMobil Holdings Corp.
5.04%
Corteva, Inc.
4.89%
BHP Group Ltd.
4.57%
Nutrien Ltd.
4.29%
Shell Plc
3.73%
Chevron Corp.
3.69%
Archer-Daniels-Midland Co.
3.20%
TotalEnergies SE
2.76%
Rio Tinto Plc
2.24%
Newmont Corp.
1.84%
CF Industries Holdings, Inc.
1.76%
Agnico Eagle Mines Ltd.
1.70%
BP Plc
1.67%
Tyson Foods, Inc.
1.56%
Freeport-McMoRan, Inc.
1.54%
Frequently asked questions about GNR and GUNR
How have the GNR and GUNR ETFs performed in 2026?
As of September 10, 2026, GNR is up 28.04% year-to-date (YTD), while GUNR has returned 24.95%. That puts GNR better performer ahead so far this year.
Which ETF is attracting more investor money: GNR or GUNR?
Year-to-date, the GNR ETF saw +$387M in flows, compared to +$224M for GUNR.
Which ETF is more volatile: GNR or GUNR?
Over the past year, GNR had a volatility of 15.1%, while GUNR experienced 14.29%.
Which ETF is bigger: GNR or GUNR?
As of September 10, 2026, GNR holds $5.26 B in assets under management (AUM), while GUNR manages $7.36 B.
What sectors do the GNR and GUNR ETFs invest in?
GNR leans toward sectors like Non-Energy Materials and Energy. Meanwhile, GUNR focuses on Non-Energy Materials, Energy and Consumer Non-Cyclicals.
What are the top holdings of the GNR ETF and GUNR ETF?
GNR top holdings include BHP Group Ltd., Nutrien Ltd. and Shell Plc. GUNR holds in its top three: ExxonMobil Holdings Corp., Corteva, Inc. and BHP Group Ltd..
Which ETF is more diversified: GNR or GUNR?
GNR holds 87 securities with 41.69% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.47%.
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Latest news about GNR & GUNR
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