BBEU vs GUNR: Holdings Overlap
BBEUJPMorgan BetaBuilders Europe ETF
JPMorgan · 365 holdings · $9.4B · as of 2026-04-30
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
How similar are BBEU and GUNR?
JPMorgan BetaBuilders Europe ETF (BBEU, by JPMorgan) holds 365 positions; FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148. They have 21 holdings in common, and by portfolio weight the two funds are 7.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21BBEU holds 365 · GUNR holds 148
- Weight in Shared Holdings
- BBEU 8%·GUNR 23%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 BBEU
344 of 365 positions (91.4% of the fund) are not held by GUNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | BBEU | GUNR |
|---|---|---|
| Materials | 5.5% | 43.0% |
| Energy | 5.6% | 32.2% |
| Financials | 23.6% | 0.0% |
| Industrials | 18.1% | 0.6% |
| Health Care | 12.4% | 0.0% |
| Other Sectors | 30.5% | 13.5% |
| Unclassified | 3.3% | 10.6% |
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 (3% of BBEU, 11% of GUNR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BBEU | +3.7% | +12.4% | +23.8% | +18.0% | +10.1% | — | 2.82% |
| GUNR | +6.1% | +16.9% | +32.8% | +11.8% | +10.9% | +10.3% | 2.30% |
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 BBEU vs GUNR →
Shared Holdings(21)
The top 10 shared positions account for 89% of the overlap, led by SHEL, TTE and BP-.
 SHELShell plc | 1.90% | 3.89% | 1.90% |
|---|---|---|---|
 TTETotalEnergies SE | 1.35% | 2.87% | 1.35% |
 BP-BP plc | 0.90% | 1.81% | 0.90% |
 RIORio Tinto plc | 0.80% | 2.24% | 0.80% |
 GLENPENGlencore plc | 0.55% | 1.48% | 0.55% |
 ENIEni SpA | 0.42% | 0.84% | 0.42% |
 AALAnglo American plc | 0.39% | 1.17% | 0.39% |
 EQNREquinor ASA | 0.24% | 0.43% | 0.24% |
 REPRepsol SA | 0.22% | 0.43% | 0.22% |
 PKNOrlen SA PLN1.25 | 0.16% | 0.33% | 0.16% |
 ANTOAntofagasta plc | 0.12% | 0.37% | 0.12% |
 UPMUPM-Kymmene OYJ | 0.12% | 0.88% | 0.12% |
 BOLBoliden AB | 0.11% | 0.33% | 0.11% |
 UU-United Utilities Group plc | 0.10% | 0.86% | 0.10% |
 SVTSevern Trent plc | 0.09% | 0.75% | 0.09% |
 MOWIMowi ASA | 0.07% | 1.43% | 0.07% |
 YARYara International ASA | 0.07% | 1.27% | 0.07% |
 STERVStora Enso OYJ, Class R | 0.05% | 0.39% | 0.05% |
 SCABSvenska Cellulosa AB SCA, Class B | 0.04% | 0.32% | 0.04% |
 SALMSalmar ASA | 0.03% | 0.63% | 0.03% |
 HOLMBHolmen AB, Class B | 0.02% | 0.15% | 0.02% |
Frequently Asked Questions
How much do BBEU and GUNR overlap?
BBEU and GUNR overlap by 7.8% of portfolio weight. They share 21 holdings (BBEU holds 365 positions and GUNR holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BBEU and GUNR?
The two portfolios are 7.8% 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 BBEU and GUNR?
The largest positions held by both funds are SHEL, TTE, BP-, RIO and GLENPEN. Together the top 10 shared positions account for 89% of the total overlap.
What does BBEU own that GUNR doesn't?
344 positions (91.4% of BBEU) are unique to BBEU, led by ASML, HSBA and AZN. In the other direction, 127 positions (76.9% of GUNR) are unique to GUNR.