BBAX vs GNR: Holdings Overlap
BBAXJPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF
JPMorgan · 96 holdings · $6.7B · as of 2026-04-30
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
Holdings snapshots are 98 days apart (BBAX: 2026-04-30, 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 BBAX and GNR?
JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX, by JPMorgan) holds 96 positions; State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94. They have 6 holdings in common, and by portfolio weight the two funds are 8.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 6BBAX holds 96 · GNR holds 94
- Weight in Shared Holdings
- BBAX 15%·GNR 10%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 BBAX
90 of 96 positions (84.2% of the fund) are not held by GNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBAX | GNR |
|---|---|---|
| Materials | 14.6% | 57.3% |
| Financials | 45.0% | 0.0% |
| Energy | 2.9% | 32.0% |
| Real Estate | 7.6% | 1.0% |
| Industrials | 7.0% | 0.0% |
| Other Sectors | 15.6% | 3.6% |
| Unclassified | 6.6% | 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 (7% of BBAX, 6% of GNR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBAX | +8.2% | +18.1% | +21.6% | +15.2% | +7.0% | — | 3.44% |
| 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 BBAX vs GNR →
Shared Holdings(6)
The top 6 shared positions account for 100% of the overlap, led by BHP, RIO and WDS.
 BHPBHP Group Ltd. | 8.66% | 5.32% | 5.32% |
|---|---|---|---|
 RIORio Tinto Ltd. | 2.06% | 1.11% | 1.11% |
 WDSWoodside Energy Group Ltd. | 2.05% | 0.73% | 0.73% |
 NSTNorthern Star Resources Ltd. | 1.00% | 0.54% | 0.54% |
 FMGFortescue Ltd. | 1.03% | 0.52% | 0.52% |
 WILWilmar International Ltd. | 0.23% | 1.56% | 0.23% |
Frequently Asked Questions
How much do BBAX and GNR overlap?
BBAX and GNR overlap by 8.4% of portfolio weight. They share 6 holdings (BBAX holds 96 positions and GNR holds 94), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBAX and GNR?
The two portfolios are 8.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of BBAX and GNR?
The largest positions held by both funds are BHP, RIO, WDS, NST and FMG. Together the top 6 shared positions account for 100% of the total overlap.
What does BBAX own that GNR doesn't?
90 positions (84.2% of BBAX) are unique to BBAX, led by CBA, 1299 and WBC. In the other direction, 88 positions (89.5% of GNR) are unique to GNR.