GNR vs VEA: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 128 days apart (GNR: 2026-08-06, VEA: 2026-03-31). 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 VEA?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 41 holdings in common, and by portfolio weight the two funds are 6.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41GNR holds 94 · VEA holds 3886
- Weight in Shared Holdings
- GNR 55%·VEA 7%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
53 of 94 positions (43.8% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | VEA |
|---|---|---|
| Materials | 57.3% | 6.2% |
| Energy | 32.0% | 4.8% |
| Financials | 0.0% | 20.4% |
| Industrials | 0.0% | 13.9% |
| Information Technology | 0.0% | 9.9% |
| Other Sectors | 4.6% | 25.4% |
| Unclassified | 5.5% | 18.5% |
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, 19% of VEA).
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% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 VEA →
Shared Holdings(41)
The top 10 shared positions account for 64% of the overlap, led by SHEL, BHP and TTE.
 SHELShell PLC | 4.37% | 0.90% | 0.90% |
|---|---|---|---|
 BHPBHP Group Ltd. | 5.32% | 0.61% | 0.61% |
 TTETotalEnergies SE EUR2.5 | 3.01% | 0.57% | 0.57% |
 BP-BP plc | 1.89% | 0.42% | 0.42% |
 AEMAgnico Eagle Mines Ltd. | 2.03% | 0.35% | 0.35% |
 CNQCanadian Natural Resources Ltd. | 1.63% | 0.34% | 0.34% |
 GLENGlencore PLC | 1.74% | 0.27% | 0.27% |
 SUSuncor Energy, Inc. | 1.27% | 0.27% | 0.27% |
 ABXBarrick Mining Corp. | 1.67% | 0.23% | 0.23% |
 WPMWheaton Precious Metals Corp. | 1.37% | 0.20% | 0.20% |
 ENIEni SpA | 0.97% | 0.18% | 0.18% |
 FNVFranco-Nevada Corp. | 1.08% | 0.16% | 0.16% |
 CCOCameco Corp. | 0.71% | 0.16% | 0.16% |
 AALAnglo American PLC | 1.52% | 0.16% | 0.16% |
 WDSWoodside Energy Group Ltd | 0.73% | 0.15% | 0.15% |
 RIORio Tinto Ltd. | 1.11% | 0.14% | 0.14% |
 KKinross Gold Corp. | 0.74% | 0.13% | 0.13% |
 NTRNutrien Ltd. | 4.70% | 0.13% | 0.13% |
 CVECenovus Energy, Inc. | 0.66% | 0.12% | 0.12% |
 REPRepsol SA | 0.56% | 0.10% | 0.10% |
 EQNREquinor ASA | 0.56% | 0.10% | 0.10% |
 TECK-BTeck Resources Ltd., Class B | 0.71% | 0.09% | 0.09% |
 FMGFortescue Ltd | 0.52% | 0.08% | 0.08% |
 MTArcelorMittal SA | 0.75% | 0.08% | 0.08% |
 NSTNorthern Star Resources Ltd. | 0.54% | 0.07% | 0.07% |
Frequently Asked Questions
How much do GNR and VEA overlap?
GNR and VEA overlap by 6.5% of portfolio weight. They share 41 holdings (GNR holds 94 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and VEA?
The two portfolios are 6.5% 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 VEA?
The largest positions held by both funds are SHEL, BHP, TTE, BP- and AEM. Together the top 10 shared positions account for 64% of the total overlap.
What does GNR own that VEA doesn't?
53 positions (43.8% of GNR) are unique to GNR, led by XOM, NEM and CTVA. In the other direction, 3845 positions (92.5% of VEA) are unique to VEA.