GNR vs DFIV: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
DFIVDimensional International Value ETF
Dimensional · 572 holdings · $21.4B · as of 2026-04-30
Holdings snapshots are 98 days apart (GNR: 2026-08-06, DFIV: 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 GNR and DFIV?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; Dimensional International Value ETF (DFIV, by Dimensional) holds 572. They have 32 holdings in common, and by portfolio weight the two funds are 11.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32GNR holds 94 · DFIV holds 572
- Weight in Shared Holdings
- GNR 42%·DFIV 12%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 GNR
62 of 94 positions (57.2% of the fund) are not held by DFIV. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | DFIV |
|---|---|---|
| Materials | 57.3% | 9.8% |
| Energy | 32.0% | 14.9% |
| Financials | 0.0% | 30.2% |
| Industrials | 0.0% | 6.6% |
| Consumer Discretionary | 0.0% | 6.3% |
| Other Sectors | 4.6% | 18.3% |
| Unclassified | 5.5% | 13.0% |
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 (6% of GNR, 13% of DFIV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GNR | +9.0% | +20.6% | +37.3% | +13.2% | +11.1% | +10.4% | 2.46% |
| DFIV | +4.9% | +18.1% | +34.9% | +24.0% | — | — | 2.55% |
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 GNR vs DFIV →
Shared Holdings(32)
The top 10 shared positions account for 76% of the overlap, led by TTE, SU and ENI.
 TTETotalEnergies SE EUR2.5 | 3.01% | 2.23% | 2.23% |
|---|---|---|---|
 SUSuncor Energy, Inc. | 1.27% | 1.17% | 1.17% |
 ENIEni SpA | 0.97% | 0.94% | 0.94% |
 SHELShell PLC | 4.37% | 0.82% | 0.82% |
 NTRNutrien Ltd. | 4.70% | 0.79% | 0.79% |
 GLENGlencore PLC | 1.74% | 0.67% | 0.67% |
 CVECenovus Energy, Inc. | 0.66% | 0.65% | 0.65% |
 REPRepsol SA | 0.56% | 0.60% | 0.56% |
 WDSWoodside Energy Group Ltd | 0.73% | 0.52% | 0.52% |
 RIORio Tinto Ltd. | 1.11% | 0.44% | 0.44% |
 TECK-BTeck Resources Ltd., Class B | 0.71% | 0.35% | 0.35% |
 ABXBarrick Mining Corp. | 1.67% | 0.34% | 0.34% |
 BP-BP plc | 1.89% | 0.25% | 0.25% |
 MTArcelorMittal SA | 0.75% | 0.24% | 0.24% |
 FMGFortescue Ltd | 0.52% | 0.24% | 0.24% |
 EQNREquinor ASA | 0.56% | 0.17% | 0.17% |
 5401Nippon Steel Corp. NPV | 0.56% | 0.16% | 0.16% |
 AALAnglo American PLC | 1.52% | 0.15% | 0.15% |
 NSTNorthern Star Resources Ltd. | 0.54% | 0.13% | 0.13% |
 FMFirst Quantum Minerals Ltd. | 0.49% | 0.11% | 0.11% |
 IPInternational Paper Co. COM | 1.13% | 0.09% | 0.09% |
 3861Oji Holdings Corp. NPV | 0.95% | 0.09% | 0.09% |
 NHYNorsk Hydro ASA | 0.29% | 0.08% | 0.08% |
 UPMUPM-Kymmene Oyj | 2.75% | 0.08% | 0.08% |
 F34Wilmar International Ltd | 1.56% | 0.08% | 0.08% |
Frequently Asked Questions
How much do GNR and DFIV overlap?
GNR and DFIV overlap by 11.5% of portfolio weight. They share 32 holdings (GNR holds 94 positions and DFIV holds 572), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and DFIV?
The two portfolios are 11.5% 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 GNR and DFIV?
The largest positions held by both funds are TTE, SU, ENI, SHEL and NTR. Together the top 10 shared positions account for 76% of the total overlap.
What does GNR own that DFIV doesn't?
62 positions (57.2% of GNR) are unique to GNR, led by BHP, XOM and NEM. In the other direction, 540 positions (87.6% of DFIV) are unique to DFIV.