GNR vs IVLU: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
IVLUiShares MSCI Intl Value Factor ETF
iShares · 355 holdings · $4.5B · as of 2026-04-30
Holdings snapshots are 98 days apart (GNR: 2026-08-06, IVLU: 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 IVLU?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; iShares MSCI Intl Value Factor ETF (IVLU, by iShares) holds 355. They have 24 holdings in common, and by portfolio weight the two funds are 9.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24GNR holds 94 · IVLU holds 355
- Weight in Shared Holdings
- GNR 39%·IVLU 9%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
70 of 94 positions (60.7% of the fund) are not held by IVLU. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | IVLU |
|---|---|---|
| Materials | 57.3% | 7.2% |
| Energy | 32.0% | 5.5% |
| Financials | 0.0% | 24.6% |
| Industrials | 0.0% | 16.2% |
| Information Technology | 0.0% | 9.1% |
| Other Sectors | 4.6% | 30.4% |
| Unclassified | 5.5% | 6.3% |
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, 6% of IVLU).
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% |
| IVLU | +4.9% | +18.8% | +35.6% | +24.5% | +15.9% | +11.5% | 3.16% |
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 IVLU →
Shared Holdings(24)
The top 10 shared positions account for 76% of the overlap, led by SHEL, TTE and BHP.
 SHELShell PLC ORD EUR0.07 | 4.37% | 1.43% | 1.43% |
|---|---|---|---|
 TTETotalEnergies SE EUR2.5 | 3.01% | 1.32% | 1.32% |
 BHPBHP Group Ltd. NPV | 5.32% | 0.99% | 0.99% |
 MTArcelorMittal SA | 0.75% | 0.63% | 0.63% |
 GLENGlencore PLC | 1.74% | 0.58% | 0.58% |
 BP-BP plc | 1.89% | 0.56% | 0.56% |
 REPRepsol SA EUR1 | 0.56% | 0.43% | 0.43% |
 ENIEni SpA | 0.97% | 0.40% | 0.40% |
 ABXBarrick Mining Corp. | 1.67% | 0.35% | 0.35% |
 NTRNutrien Ltd. | 4.70% | 0.35% | 0.35% |
 5401Nippon Steel Corp. NPV | 0.56% | 0.31% | 0.31% |
 RIORio Tinto Ltd. | 1.11% | 0.26% | 0.26% |
 EQNREquinor ASA NOK2.50 | 0.56% | 0.23% | 0.23% |
 WDSWoodside Energy Group Ltd | 0.73% | 0.18% | 0.18% |
 KKinross Gold Corp. | 0.74% | 0.17% | 0.17% |
 FMGFortescue Ltd. NPV | 0.52% | 0.16% | 0.16% |
 NHYNorsk Hydro ASA NOK1.098 | 0.29% | 0.16% | 0.16% |
 TECK-BTeck Resources Ltd., Class B | 0.71% | 0.14% | 0.14% |
 CVECenovus Energy, Inc. | 0.66% | 0.13% | 0.13% |
 F34Wilmar International Ltd. NPV | 1.56% | 0.12% | 0.12% |
 UPMUPM-Kymmene Oyj | 2.75% | 0.12% | 0.12% |
 YARYara International ASA | 1.39% | 0.11% | 0.11% |
 STERVStora Enso OYJ, Class R | 1.33% | 0.07% | 0.07% |
 ICLICL Group Ltd. | 0.73% | 0.03% | 0.03% |
Frequently Asked Questions
How much do GNR and IVLU overlap?
GNR and IVLU overlap by 9.3% of portfolio weight. They share 24 holdings (GNR holds 94 positions and IVLU holds 355), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and IVLU?
The two portfolios are 9.3% 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 IVLU?
The largest positions held by both funds are SHEL, TTE, BHP, MT and GLEN. Together the top 10 shared positions account for 76% of the total overlap.
What does GNR own that IVLU doesn't?
70 positions (60.7% of GNR) are unique to GNR, led by XOM, NEM and CTVA. In the other direction, 331 positions (90.0% of IVLU) are unique to IVLU.