GUNR vs EWU: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
EWUiShares MSCI United Kingdom ETF
iShares · 74 holdings · $4.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (GUNR: 2026-04-30, EWU: 2026-05-31). 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 GUNR and EWU?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; iShares MSCI United Kingdom ETF (EWU, by iShares) holds 74. They have 8 holdings in common, and by portfolio weight the two funds are 11.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8GUNR holds 148 · EWU holds 74
- Weight in Shared Holdings
- GUNR 13%·EWU 20%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 GUNR
140 of 148 positions (87.2% of the fund) are not held by EWU. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | EWU |
|---|---|---|
| Materials | 43.0% | 9.0% |
| Energy | 32.2% | 11.0% |
| Financials | 0.0% | 25.1% |
| Consumer Staples | 8.4% | 15.1% |
| Industrials | 0.6% | 13.0% |
| Other Sectors | 5.1% | 23.7% |
| Unclassified | 10.6% | 2.4% |
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 (11% of GUNR, 2% of EWU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| GUNR | +6.1% | +16.9% | +32.8% | +11.8% | +10.9% | +10.3% | 2.30% |
| EWU | +3.2% | +12.2% | +24.2% | +18.7% | +12.2% | +8.6% | 3.07% |
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 GUNR vs EWU →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by SHEL, RIO and BP-.
 SHELShell plc | 3.89% | 7.51% | 3.89% |
|---|---|---|---|
 RIORio Tinto plc | 2.24% | 3.74% | 2.24% |
 BP-BP plc | 1.81% | 3.47% | 1.81% |
 GLENPENGlencore plc | 1.48% | 2.37% | 1.48% |
 AALAnglo American plc | 1.17% | 1.87% | 1.17% |
 UU-United Utilities Group plc | 0.86% | 0.42% | 0.42% |
 ANTOAntofagasta plc | 0.37% | 0.68% | 0.37% |
 SVTSevern Trent plc | 0.75% | 0.34% | 0.34% |
Frequently Asked Questions
How much do GUNR and EWU overlap?
GUNR and EWU overlap by 11.7% of portfolio weight. They share 8 holdings (GUNR holds 148 positions and EWU holds 74), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and EWU?
The two portfolios are 11.7% 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 GUNR and EWU?
The largest positions held by both funds are SHEL, RIO, BP-, GLENPEN and AAL. Together the top 8 shared positions account for 100% of the total overlap.
What does GUNR own that EWU doesn't?
140 positions (87.2% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 66 positions (79.0% of EWU) are unique to EWU.