GNR vs SPY: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
How similar are GNR and SPY?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 29 holdings in common, and by portfolio weight the two funds are 3.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29GNR holds 94 · SPY holds 504
- Weight in Shared Holdings
- GNR 34%·SPY 4%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
65 of 94 positions (65.5% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | SPY |
|---|---|---|
| Materials | 57.3% | 1.8% |
| Information Technology | 0.0% | 37.6% |
| Energy | 32.0% | 3.2% |
| Financials | 0.0% | 12.3% |
| Communication Services | 0.0% | 9.7% |
| Other Sectors | 4.6% | 35.3% |
| Unclassified | 5.5% | 0.0% |
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, 0% of SPY).
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(29)
The top 10 shared positions account for 75% of the overlap, led by XOM, CVX and COP.
 XOMEXXONMOBIL HOLDINGS CORP | 4.66% | 0.97% | 0.97% |
|---|---|---|---|
 CVXChevron Corp. COM | 2.56% | 0.53% | 0.53% |
 COPConocoPhillips COM | 1.03% | 0.21% | 0.21% |
 NEMNewmont Corporation COM | 2.77% | 0.17% | 0.17% |
 FCXFreeport-McMoRan Inc. CL B | 2.36% | 0.15% | 0.15% |
 VLOValero Energy Corp. COM | 0.66% | 0.14% | 0.14% |
 MPCMarathon Petroleum Corp. COM | 0.63% | 0.13% | 0.13% |
 PSXPhillips 66 COM | 0.59% | 0.12% | 0.12% |
 SLBSLB Ltd. COM USD0.01 | 0.55% | 0.12% | 0.12% |
 EOGEOG Resources Inc. COM | 0.53% | 0.11% | 0.11% |
 BKRBaker Hughes Co., Class A | 0.44% | 0.09% | 0.09% |
 NUENucor Corporation COM | 1.50% | 0.09% | 0.09% |
 CTVACorteva Inc COM | 2.73% | 0.08% | 0.08% |
 DVNDevon Energy Corporation COM | 0.36% | 0.07% | 0.07% |
 OXYOccidental Petroleum Corp. COM | 0.29% | 0.06% | 0.06% |
 ADMArcher-Daniels-Midland Co. COM | 1.97% | 0.06% | 0.06% |
 FANGDiamondback Energy Inc COM | 0.26% | 0.06% | 0.06% |
 STLDSteel Dynamics, Inc. COM | 0.87% | 0.05% | 0.05% |
 EQTEQT Corporation COM | 0.23% | 0.05% | 0.05% |
 HALHalliburton Company COM | 0.20% | 0.04% | 0.04% |
 SWSmurfit WestRock plc COM USD0.001 | 1.29% | 0.04% | 0.04% |
 PKGPackaging Corporation of America COM | 1.19% | 0.03% | 0.03% |
 AMCRAmcor PLC COM NEW | 1.15% | 0.03% | 0.03% |
 IPInternational Paper Co. COM | 1.13% | 0.03% | 0.03% |
 WYWeyerhaeuser Company COM NEW | 0.97% | 0.03% | 0.03% |
Frequently Asked Questions
How much do GNR and SPY overlap?
GNR and SPY overlap by 3.5% of portfolio weight. They share 29 holdings (GNR holds 94 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and SPY?
The two portfolios are 3.5% 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 SPY?
The largest positions held by both funds are XOM, CVX, COP, NEM and FCX. Together the top 10 shared positions account for 75% of the total overlap.
What does GNR own that SPY doesn't?
65 positions (65.5% of GNR) are unique to GNR, led by BHP, NTR and SHEL. In the other direction, 475 positions (96.4% of SPY) are unique to SPY.