GNR vs FNDF: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
FNDFSchwab Fundamental International Equity ETF
Schwab · 888 holdings · $25.2B · as of 2026-05-31
Holdings snapshots are 67 days apart (GNR: 2026-08-06, FNDF: 2026-05-31). 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 FNDF?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; Schwab Fundamental International Equity ETF (FNDF, by Schwab) holds 888. They have 39 holdings in common, and by portfolio weight the two funds are 13.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 39GNR holds 94 · FNDF holds 888
- Weight in Shared Holdings
- GNR 54%·FNDF 14%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
55 of 94 positions (45.1% of the fund) are not held by FNDF. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | FNDF |
|---|---|---|
| Materials | 57.3% | 9.5% |
| Energy | 32.0% | 10.0% |
| Financials | 0.0% | 15.8% |
| Information Technology | 0.0% | 12.3% |
| Industrials | 0.0% | 11.4% |
| Other Sectors | 4.6% | 27.2% |
| Unclassified | 5.5% | 13.1% |
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 FNDF).
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% |
| FNDF | +4.2% | +22.8% | +39.1% | +23.1% | +14.5% | +12.0% | 2.97% |
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 FNDF →
Shared Holdings(39)
The top 10 shared positions account for 72% of the overlap, led by SHEL, TTE and GLEN.
 SHELShell PLC | 4.37% | 2.19% | 2.19% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 3.01% | 1.69% | 1.69% |
 GLENGlencore PLC | 1.74% | 1.22% | 1.22% |
 BHPBHP Group Ltd. | 5.32% | 1.22% | 1.22% |
 BP-BP plc | 1.89% | 1.08% | 1.08% |
 ENIEni SpA | 0.97% | 0.55% | 0.55% |
 SUSuncor Energy, Inc. | 1.27% | 0.51% | 0.51% |
 CNQCanadian Natural Resources Ltd. | 1.63% | 0.45% | 0.45% |
 EQNREquinor ASA | 0.56% | 0.44% | 0.44% |
 AALAnglo American PLC | 1.52% | 0.42% | 0.42% |
 MTArcelorMittal SA | 0.75% | 0.40% | 0.40% |
 REPRepsol SA | 0.56% | 0.38% | 0.38% |
 CVECenovus Energy, Inc. | 0.66% | 0.34% | 0.34% |
 RIORio Tinto Ltd. | 1.11% | 0.33% | 0.33% |
 NTRNutrien Ltd. | 4.70% | 0.28% | 0.28% |
 ABXBarrick Mining Corp. | 1.67% | 0.21% | 0.21% |
 WDSWoodside Energy Group Ltd | 0.73% | 0.21% | 0.21% |
 5401Nippon Steel Corp. NPV | 0.56% | 0.19% | 0.19% |
 FMGFortescue Ltd | 0.52% | 0.18% | 0.18% |
 TECK-BTeck Resources Ltd., Class B | 0.71% | 0.17% | 0.17% |
 NHYNorsk Hydro ASA | 0.29% | 0.12% | 0.12% |
 YARYara International ASA | 1.39% | 0.11% | 0.11% |
 IMOImperial Oil Ltd. | 0.33% | 0.09% | 0.09% |
 UPMUPM-Kymmene Oyj | 2.75% | 0.09% | 0.09% |
 AEMAgnico Eagle Mines Ltd. | 2.03% | 0.08% | 0.08% |
Frequently Asked Questions
How much do GNR and FNDF overlap?
GNR and FNDF overlap by 13.6% of portfolio weight. They share 39 holdings (GNR holds 94 positions and FNDF holds 888), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and FNDF?
The two portfolios are 13.6% 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 FNDF?
The largest positions held by both funds are SHEL, TTE, GLEN, BHP and BP-. Together the top 10 shared positions account for 72% of the total overlap.
What does GNR own that FNDF doesn't?
55 positions (45.1% of GNR) are unique to GNR, led by XOM, NEM and CTVA. In the other direction, 849 positions (85.7% of FNDF) are unique to FNDF.