EWA vs GNR: Holdings Overlap
iShares · 48 holdings · $1.4B · 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 (EWA: 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 EWA and GNR?
iShares MSCI Australia ETF (EWA, by iShares) holds 48 positions; State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94. They have 5 holdings in common, and by portfolio weight the two funds are 8.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5EWA holds 48 · GNR holds 94
- Weight in Shared Holdings
- EWA 25%·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 EWA
43 of 48 positions (74.3% of the fund) are not held by GNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWA | GNR |
|---|---|---|
| Materials | 25.5% | 57.3% |
| Financials | 40.6% | 0.0% |
| Energy | 4.2% | 32.0% |
| Consumer Discretionary | 5.9% | 0.0% |
| Real Estate | 5.3% | 1.0% |
| Other Sectors | 17.0% | 3.6% |
| Unclassified | 1.0% | 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 (1% of EWA, 6% of GNR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWA | +8.1% | +17.8% | +17.9% | +14.3% | +7.2% | +8.2% | 2.79% |
| 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 EWA vs GNR →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by BHP, RIO and WDS.
Frequently Asked Questions
How much do EWA and GNR overlap?
EWA and GNR overlap by 8.2% of portfolio weight. They share 5 holdings (EWA holds 48 positions and GNR holds 94), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWA and GNR?
The two portfolios are 8.2% 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 EWA and GNR?
The largest positions held by both funds are BHP, RIO, WDS, NST and FMG. Together the top 5 shared positions account for 100% of the total overlap.
What does EWA own that GNR doesn't?
43 positions (74.3% of EWA) are unique to EWA, led by CBA, WBC and NAB. In the other direction, 89 positions (91.1% of GNR) are unique to GNR.