EWU vs GUNR: Holdings Overlap
EWUiShares MSCI United Kingdom ETF
iShares · 74 holdings · $4.1B · as of 2026-05-31
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
Holdings snapshots are 31 days apart (EWU: 2026-05-31, GUNR: 2026-04-30). 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 EWU and GUNR?
iShares MSCI United Kingdom ETF (EWU, by iShares) holds 74 positions; FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148. They have 8 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8EWU holds 74 · GUNR holds 148
- Weight in Shared Holdings
- EWU 20%·GUNR 13%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 EWU
66 of 74 positions (79.0% of the fund) are not held by GUNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | EWU | GUNR |
|---|---|---|
| Materials | 9.0% | 43.0% |
| Energy | 11.0% | 32.2% |
| Financials | 25.1% | 0.0% |
| Consumer Staples | 15.1% | 8.4% |
| Industrials | 13.0% | 0.6% |
| Other Sectors | 23.7% | 5.1% |
| Unclassified | 2.4% | 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 (2% of EWU, 11% of GUNR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EWU | +3.2% | +12.2% | +24.2% | +18.7% | +12.2% | +8.6% | 3.07% |
| 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 EWU vs GUNR →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by SHEL, RIO and BP-.
 SHELShell PLC | 7.51% | 3.89% | 3.89% |
|---|---|---|---|
 RIORio Tinto PLC | 3.74% | 2.24% | 2.24% |
 BP-BP plc | 3.47% | 1.81% | 1.81% |
 GLENPENGlencore PLC | 2.37% | 1.48% | 1.48% |
 AALAnglo American PLC | 1.87% | 1.17% | 1.17% |
 UU-United Utilities Group PLC | 0.42% | 0.86% | 0.42% |
 ANTOAntofagasta PLC | 0.68% | 0.37% | 0.37% |
 SVTSevern Trent PLC | 0.34% | 0.75% | 0.34% |
Frequently Asked Questions
How much do EWU and GUNR overlap?
EWU and GUNR overlap by 11.7% of portfolio weight. They share 8 holdings (EWU holds 74 positions and GUNR holds 148), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EWU and GUNR?
The two portfolios are 11.7% 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 EWU and GUNR?
The largest positions held by both funds are SHEL, RIO, BP-, GLENPEN and AAL. Together the top 8 shared positions account for 100% of the total overlap.
What does EWU own that GUNR doesn't?
66 positions (79.0% of EWU) are unique to EWU, led by HSBA, AZN and RR-. In the other direction, 140 positions (87.2% of GUNR) are unique to GUNR.