GNRvsPHOETF Comparison
ETF 1
GNR
State Street SPDR S&P Global Natural Resources ETF
This fund is part of
Natural Resources
-0.11%
VS
State Street SPDR S&P Global Natural Resources ETF (GNR) and Invesco Water Resources ETF (PHO) belong to the same industry segment: Natural Resources. GNR's top 3 sector exposures are Non-Energy Materials, Energy and Consumer Non-Cyclicals. In contrast, PHO's top sector exposures are Industrials, Healthcare and Non-Energy Materials. GNR is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.59% for PHO. GNR is up 23.22% year-to-date (YTD) with +$672M in YTD flows. PHO performs worse with 3.08% YTD performance, and -$126M in YTD flows. Run a side-by-side ETF comparison of GNR and PHO 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 PHO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GNR PHO | +1.01%+5.26% | +6.30%+4.40% | +23.22%+3.08% | +31.58%-1.79% | +57.03%+45.77% | +65.09%+29.08% |
| Flows | GNR PHO | +$162M-$4M | +$343M-$54M | +$672M-$126M | +$457M-$155M | +$396M-$330M | +$1.83B-$428M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GNR PHO | +12.97%+15.49% | +15.24%+15.79% | +15.02%+16.49% | +17.80%+18.41% |
| Max drawdown | GNR PHO | -7.65%-7.48% | -10.66%-13.81% | -19.80%-19.26% | -25.18%-28.58% |
| Max drawdown duration | GNR PHO | 47d78d | 158d277d | 457d250d | 758d715d |
Trading data
GNR | PHO | |
Last sale 10/26/2026 at 1:30 PM | $75.79 | $72.29 |
| Previous close 10/26/2026 | $75.80 | $72.01 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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GNR | PHO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
GNR | PHO | |
|---|---|---|
| Last price | $75.79 | $72.29 |
| 1D performance | -0.01% | +0.39% |
| AuM | $5.34 B | $2.01 B |
| E/R | 0.4% | 0.59% |
Characteristics
GNR | PHO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | S&P Global Natural Resources Index | NASDAQ OMX US Water Index |
| N° of holdings | 89 | 40 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2010 | December 6, 2005 |
| ESG | No | Yes |
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Exposure
Countries
GNR
USA
28.97%
Canada
19.64%
United Kingdom
9.48%
Australia
7.82%
Other
34.1%
PHO
USA
95.58%
Other
4.42%
Sectors
GNR
Non-Energy Materi.
59.6%
Energy
29.6%
Other
10.8%
PHO
Industrials
44.74%
Healthcare
17.72%
Non-Energy Materi.
15.33%
Technology
14.97%
Utilities
7.24%
Other
0%
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Diversification
GNR
Total weight of top 15 holdings out of 15
42.7%
PHO
Total weight of top 15 holdings out of 15
73.12%
Top 15 holdings
Data as of August 31, 2026
GNR
Nutrien Ltd.
5.10%
BHP Group Ltd.
5.02%
Shell Plc
4.52%
TotalEnergies SE
3.27%
UPM-Kymmene Oyj
3.02%
Newmont Corp.
2.99%
Chevron Corp.
2.59%
Corteva, Inc.
2.53%
Freeport-McMoRan, Inc.
2.42%
Agnico Eagle Mines Ltd.
2.29%
BP Plc
1.95%
Canadian Natural Resources Ltd.
1.86%
Archer-Daniels-Midland Co.
1.76%
Glencore Plc
1.71%
Barrick Mining Corp.
1.67%
PHO
Roper Technologies, Inc.
9.56%
Ecolab, Inc.
8.22%
Waters Corp.
7.31%
Ferguson Enterprises, Inc.
6.67%
IDEXX Laboratories, Inc.
6.13%
Veralto Corp.
4.40%
Agilent Technologies, Inc.
4.28%
American Water Works Co., Inc.
4.08%
Xylem, Inc.
3.79%
Jacobs Solutions, Inc.
3.64%
IDEX Corp.
3.62%
Trimble, Inc.
3.06%
Pentair plc
2.91%
Advanced Drainage Systems, Inc.
2.77%
AECOM
2.66%
Frequently asked questions about GNR and PHO
How have the GNR and PHO ETFs performed in 2026?
As of October 26, 2026, GNR is up 23.22% year-to-date (YTD), while PHO has returned 3.08%. That puts GNR better performer ahead so far this year.
Which ETF is attracting more investor money: GNR or PHO?
Year-to-date, the GNR ETF saw +$672M in flows, compared to -$126M for PHO.
Which ETF is more volatile: GNR or PHO?
Over the past year, GNR had a volatility of 15.24%, while PHO experienced 15.79%.
Which ETF is bigger: GNR or PHO?
As of October 26, 2026, GNR holds $5.34 B in assets under management (AUM), while PHO manages $2.01 B.
What sectors do the GNR and PHO ETFs invest in?
GNR leans toward sectors like Non-Energy Materials and Energy. Meanwhile, PHO focuses on Industrials, Healthcare and Non-Energy Materials.
What are the top holdings of the GNR ETF and PHO ETF?
GNR top holdings include Nutrien Ltd., BHP Group Ltd. and Shell Plc. PHO holds in its top three: Roper Technologies, Inc., Ecolab, Inc. and Waters Corp..
Which ETF is more diversified: GNR or PHO?
GNR holds 89 securities with 42.7% of its assets in the top 15. PHO has 40 securities and a top 15 weight of 73.12%.
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