GNR vs XLE: Holdings Overlap
GNRState Street® SPDR® S&P® Global Natural Resources ETF
State Street (SPDR) · 94 holdings · $4.8B · as of 2026-08-06
XLEState Street® Energy Select Sector SPDR® ETF
State Street (SPDR) · 22 holdings · $38.5B · as of 2026-08-06
How similar are GNR and XLE?
State Street® SPDR® S&P® Global Natural Resources ETF (GNR, by State Street (SPDR)) holds 94 positions; State Street® Energy Select Sector SPDR® ETF (XLE, by State Street (SPDR)) holds 22. They have 15 holdings in common, and by portfolio weight the two funds are 13.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15GNR holds 94 · XLE holds 22
- Weight in Shared Holdings
- GNR 13%·XLE 81%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
79 of 94 positions (86.3% of the fund) are not held by XLE. Showing the top 30 by weight.
Sector Breakdown
| Sector | GNR | XLE |
|---|---|---|
| Energy | 32.0% | 99.8% |
| Materials | 57.3% | 0.0% |
| Consumer Staples | 3.6% | 0.0% |
| Real Estate | 1.0% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| 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 XLE).
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% |
| XLE | +5.2% | +30.4% | +40.5% | +13.3% | +22.8% | +9.8% | 2.64% |
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 XLE →
Shared Holdings(15)
The top 10 shared positions account for 92% of the overlap, led by XOM, CVX and COP.
 XOMEXXONMOBIL HOLDINGS CORP | 4.66% | 21.04% | 4.66% |
|---|---|---|---|
 CVXChevron Corp. COM | 2.56% | 15.05% | 2.56% |
 COPConocoPhillips COM | 1.03% | 6.04% | 1.03% |
 VLOValero Energy Corp. COM | 0.66% | 4.71% | 0.66% |
 MPCMarathon Petroleum Corp. COM | 0.63% | 4.78% | 0.63% |
 PSXPhillips 66 COM | 0.59% | 4.89% | 0.59% |
 SLBSLB Ltd. COM USD0.01 | 0.55% | 4.60% | 0.55% |
 EOGEOG Resources Inc. COM | 0.53% | 4.28% | 0.53% |
 BKRBaker Hughes Co., Class A | 0.44% | 3.95% | 0.44% |
 DVNDevon Energy Corporation COM | 0.36% | 3.16% | 0.36% |
 OXYOccidental Petroleum Corp. COM | 0.29% | 2.59% | 0.29% |
 FANGDiamondback Energy Inc COM | 0.26% | 2.34% | 0.26% |
 EQTEQT Corporation COM | 0.23% | 2.05% | 0.23% |
 HALHalliburton Company COM | 0.20% | 1.73% | 0.20% |
 IXPU6XAE ENERGY SEP26 | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
How much do GNR and XLE overlap?
GNR and XLE overlap by 13.0% of portfolio weight. They share 15 holdings (GNR holds 94 positions and XLE holds 22), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GNR and XLE?
The two portfolios are 13.0% 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 XLE?
The largest positions held by both funds are XOM, CVX, COP, VLO and MPC. Together the top 10 shared positions account for 92% of the total overlap.
What does GNR own that XLE doesn't?
79 positions (86.3% of GNR) are unique to GNR, led by BHP, NTR and SHEL. In the other direction, 7 positions (18.6% of XLE) are unique to XLE.