GNR vs SPEM: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
SPEMState Street® SPDR® Portfolio Emerging Markets ETF
State Street (SPDR) · 2776 holdings · $17.4B · as of 2026-08-06
How similar are GNR and SPEM?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; State Street® SPDR® Portfolio Emerging Markets ETF (SPEM, by State Street (SPDR)) holds 2776. They have 8 holdings in common, and by portfolio weight the two funds are 2.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8GNR holds 94 · SPEM holds 2776
- Weight in Shared Holdings
- GNR 6%·SPEM 2%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
86 of 94 positions (93.5% of the fund) are not held by SPEM. Showing the top 30 by weight.
Only in SPEM
2768 of 2776 positions (106.9% of the fund) are not held by GNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | SPEM |
|---|---|---|
| Materials | 57.3% | 3.8% |
| Energy | 32.0% | 2.9% |
| Information Technology | 0.0% | 25.3% |
| Financials | 0.0% | 15.1% |
| Consumer Discretionary | 0.0% | 7.0% |
| Other Sectors | 4.6% | 11.2% |
| Unclassified | 5.5% | 43.5% |
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 (6% of GNR, 40% of SPEM).
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% |
| SPEM | +2.8% | +13.1% | +22.8% | +17.3% | +7.2% | +8.6% | 2.48% |
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 SPEM →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by RIGD, VALE and 2899.
 RIGDReliance Industries Ltd | 1.63% | 0.80% | 0.80% |
|---|---|---|---|
 VALEVale SA | 1.27% | 0.38% | 0.38% |
 2899Zijin Mining Group Co Ltd | 0.65% | 0.32% | 0.32% |
 PBRPetroleo Brasileiro SA - Petrobras | 0.59% | 0.25% | 0.25% |
 SCCOSouthern Copper Corporation COM | 0.39% | 0.16% | 0.16% |
 1378China Hongqiao Group Ltd | 0.24% | 0.06% | 0.06% |
 SUZSuzano SA | 1.07% | 0.02% | 0.02% |
 SVSTSeverstal PAO | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
How much do GNR and SPEM overlap?
GNR and SPEM overlap by 2.0% of portfolio weight. They share 8 holdings (GNR holds 94 positions and SPEM holds 2776), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and SPEM?
The two portfolios are 2.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of GNR and SPEM?
The largest positions held by both funds are RIGD, VALE, 2899, PBR and SCCO. Together the top 8 shared positions account for 100% of the total overlap.
What does GNR own that SPEM doesn't?
86 positions (93.5% of GNR) are unique to GNR, led by BHP, NTR and XOM. In the other direction, 2768 positions (106.9% of SPEM) are unique to SPEM.