AVEM vs GNR: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
Holdings snapshots are 67 days apart (AVEM: 2026-05-31, GNR: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and GNR?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94. They have 13 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13AVEM holds 3893 · GNR holds 94
- Weight in Shared Holdings
- AVEM 3%·GNR 8%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3880 of 3893 positions (97.0% of the fund) are not held by GNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | GNR |
|---|---|---|
| Materials | 3.7% | 57.3% |
| Information Technology | 33.8% | 0.0% |
| Energy | 2.7% | 32.0% |
| Financials | 10.7% | 0.0% |
| Consumer Discretionary | 5.1% | 0.0% |
| Other Sectors | 7.4% | 4.6% |
| Unclassified | 36.5% | 5.5% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 6% of GNR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| GNR | +9.0% | +20.6% | +37.3% | +13.2% | +11.1% | +10.4% | 2.46% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs GNR →
Shared Holdings(13)
The top 10 shared positions account for 98% of the overlap, led by AU, VALE and RLI.
 AUAnglogold Ashanti PLC COM SHS | 0.52% | 0.90% | 0.52% |
|---|---|---|---|
 VALEVale SA | 0.50% | 1.27% | 0.50% |
 RLIReliance Industries Ltd | 0.46% | 1.63% | 0.46% |
 PBRPetroleo Brasileiro SA - Petrobras | 0.31% | 0.59% | 0.31% |
 GFIGold Fields Ltd | 0.28% | 0.81% | 0.28% |
 FJZZijin Mining Group Co Ltd | 0.27% | 0.65% | 0.27% |
 1378China Hongqiao Group Ltd | 0.26% | 0.24% | 0.24% |
 PKXPOSCO Holdings Inc | 0.18% | 0.41% | 0.18% |
 SCCOSouthern Copper Corporation COM | 0.08% | 0.39% | 0.08% |
 SUZSuzano SA | 0.07% | 1.07% | 0.07% |
 ECEcopetrol SA | 0.05% | 0.07% | 0.05% |
 OGZDGazprom PJSC | 0.00% | 0.00% | 0.00% |
 SVSTSeverstal PAO | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
How much do AVEM and GNR overlap?
AVEM and GNR overlap by 3.0% of portfolio weight. They share 13 holdings (AVEM holds 3893 positions and GNR holds 94), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and GNR?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and GNR?
The largest positions held by both funds are AU, VALE, RLI, PBR and GFI. Together the top 10 shared positions account for 98% of the total overlap.
What does AVEM own that GNR doesn't?
3880 positions (97.0% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 81 positions (91.3% of GNR) are unique to GNR.