GUNR vs IXC: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
iShares · 60 holdings · $2.8B · as of 2026-03-31
Holdings snapshots are 30 days apart (GUNR: 2026-04-30, IXC: 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 IXC?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; iShares Global Energy ETF (IXC, by iShares) holds 60. They have 27 holdings in common, and by portfolio weight the two funds are 30.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 30.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27GUNR holds 148 · IXC holds 60
- Weight in Shared Holdings
- GUNR 30%·IXC 72%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
121 of 148 positions (69.4% of the fund) are not held by IXC. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | IXC |
|---|---|---|
| Energy | 32.2% | 99.6% |
| Materials | 43.0% | 0.0% |
| Consumer Staples | 8.4% | 0.0% |
| Utilities | 4.2% | 0.0% |
| Real Estate | 0.9% | 0.2% |
| Other Sectors | 0.6% | 0.0% |
| 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 IXC).
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% |
| IXC | +5.9% | +29.6% | +39.8% | +15.2% | +21.2% | +9.8% | 2.93% |
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 IXC →
Shared Holdings(27)
The top 10 shared positions account for 77% of the overlap, led by XOM, SHEL and CVX.
 XOMExxon Mobil Corp. COM | 4.96% | 18.87% | 4.96% |
|---|---|---|---|
 SHELShell PLC ORD EUR0.07 | 3.89% | 7.00% | 3.89% |
 CVXChevron Corp. COM | 3.78% | 10.32% | 3.78% |
 TTETotalEnergies SE EUR2.5 | 2.87% | 4.96% | 2.87% |
 BP-BP plc | 1.81% | 3.27% | 1.81% |
 COPConocoPhillips COM | 1.61% | 4.30% | 1.61% |
 CNQCanadian Natural Resources Limited COM NPV | 1.46% | 2.70% | 1.46% |
 SUSuncor Energy Inc. COM NPV 'NEW' | 1.28% | 2.09% | 1.28% |
 CCJCameco Corp. | 0.98% | 1.26% | 0.98% |
 ENIEni SpA | 0.84% | 1.57% | 0.84% |
 EOGEOG Resources Inc. COM | 0.77% | 2.09% | 0.77% |
 WDSWoodside Energy Group Ltd. | 0.66% | 1.20% | 0.66% |
 CVECenovus Energy, Inc. | 0.61% | 0.96% | 0.61% |
 PC6PetroChina Co. Ltd., Class H | 0.46% | 0.77% | 0.46% |
 EQNREquinor ASA NOK2.50 | 0.43% | 0.96% | 0.43% |
 REPRepsol SA EUR1 | 0.43% | 0.83% | 0.43% |
 OXYOccidental Petroleum Corp. COM | 0.41% | 1.24% | 0.41% |
 EQTEQT Corporation COM | 0.39% | 1.06% | 0.39% |
 FANGDiamondback Energy Inc COM | 0.39% | 1.02% | 0.39% |
 1605Inpex Corp. NPV | 0.35% | 0.72% | 0.35% |
 DVNDevon Energy Corporation COM | 0.32% | 0.83% | 0.32% |
 IMOImperial Oil Ltd. | 0.30% | 0.52% | 0.30% |
 CTRACoterra Energy Inc COM | 0.29% | 0.71% | 0.29% |
 TOUTourmaline Oil Corp. | 0.28% | 0.47% | 0.28% |
 TPLTexas Pacific Land Corporation COM | 0.26% | 0.73% | 0.26% |
Frequently Asked Questions
How much do GUNR and IXC overlap?
GUNR and IXC overlap by 30.3% of portfolio weight. They share 27 holdings (GUNR holds 148 positions and IXC holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and IXC?
The two portfolios are 30.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of GUNR and IXC?
The largest positions held by both funds are XOM, SHEL, CVX, TTE and BP-. Together the top 10 shared positions account for 77% of the total overlap.
What does GUNR own that IXC doesn't?
121 positions (69.4% of GUNR) are unique to GUNR, led by CTVA, NTR and BHP. In the other direction, 33 positions (28.1% of IXC) are unique to IXC.