GUNR vs IVV: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
iShares · 503 holdings · $901.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (GUNR: 2026-04-30, IVV: 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 GUNR and IVV?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; iShares Core S&P 500 ETF (IVV, by iShares) holds 503. They have 21 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
- 21GUNR holds 148 · IVV holds 503
- Weight in Shared Holdings
- GUNR 33%·IVV 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 GUNR
127 of 148 positions (67.1% of the fund) are not held by IVV. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | IVV |
|---|---|---|
| Materials | 43.0% | 2.1% |
| Information Technology | 0.0% | 32.6% |
| Energy | 32.2% | 4.0% |
| Financials | 0.0% | 12.6% |
| Communication Services | 0.0% | 10.5% |
| Other Sectors | 14.0% | 38.0% |
| Unclassified | 10.6% | 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 (11% of GUNR, 0% of IVV).
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% |
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
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 IVV →
Shared Holdings(21)
The top 10 shared positions account for 87% of the overlap, led by XOM, CVX and COP.
 XOMExxon Mobil Corp. | 4.96% | 1.27% | 1.27% |
|---|---|---|---|
 CVXChevron Corp. | 3.78% | 0.69% | 0.69% |
 COPConocoPhillips | 1.61% | 0.29% | 0.29% |
 NEMNewmont Corp. | 2.05% | 0.21% | 0.21% |
 FCXFreeport-McMoRan, Inc. | 1.42% | 0.15% | 0.15% |
 EOGEOG Resources, Inc. | 0.77% | 0.14% | 0.14% |
 CTVACorteva, Inc. | 5.00% | 0.10% | 0.10% |
 OXYOccidental Petroleum Corp. | 0.41% | 0.08% | 0.08% |
 EQTEQT Corp. | 0.39% | 0.07% | 0.07% |
 FANGDiamondback Energy, Inc. | 0.39% | 0.07% | 0.07% |
 ADMArcher-Daniels-Midland Co. | 3.25% | 0.06% | 0.06% |
 DVNDevon Energy Corp. | 0.32% | 0.06% | 0.06% |
 TPLTexas Pacific Land Corp. | 0.26% | 0.05% | 0.05% |
 CTRACoterra Energy, Inc. | 0.29% | 0.05% | 0.05% |
 AWKAmerican Water Works Co., Inc. | 1.11% | 0.05% | 0.05% |
 EXEExpand Energy Corp. | 0.25% | 0.05% | 0.05% |
 CFCF Industries Holdings, Inc. | 1.65% | 0.04% | 0.04% |
 TSNTyson Foods, Inc., Class A | 1.75% | 0.03% | 0.03% |
 WYWeyerhaeuser Co. | 0.67% | 0.03% | 0.03% |
 Q23Bunge Global SA | 1.65% | 0.03% | 0.03% |
 MOSMosaic Co. (The) | 0.70% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GUNR and IVV overlap?
GUNR and IVV overlap by 3.5% of portfolio weight. They share 21 holdings (GUNR holds 148 positions and IVV holds 503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and IVV?
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 GUNR and IVV?
The largest positions held by both funds are XOM, CVX, COP, NEM and FCX. Together the top 10 shared positions account for 87% of the total overlap.
What does GUNR own that IVV doesn't?
127 positions (67.1% of GUNR) are unique to GUNR, led by NTR, BHP and SHEL. In the other direction, 482 positions (96.3% of IVV) are unique to IVV.