GUNR vs MCHI: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
iShares · 580 holdings · $6.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (GUNR: 2026-04-30, MCHI: 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 MCHI?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; iShares MSCI China ETF (MCHI, by iShares) holds 580. They have 8 holdings in common, and by portfolio weight the two funds are 1.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8GUNR holds 148 · MCHI holds 580
- Weight in Shared Holdings
- GUNR 2%·MCHI 2%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 (97.9% of the fund) are not held by MCHI. Showing the top 30 by weight.
Only in MCHI
572 of 580 positions (97.5% of the fund) are not held by GUNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | MCHI |
|---|---|---|
| Materials | 43.0% | 1.8% |
| Energy | 32.2% | 2.6% |
| Consumer Discretionary | 0.0% | 21.1% |
| Communication Services | 0.0% | 17.2% |
| Financials | 0.0% | 14.8% |
| Other Sectors | 14.0% | 13.5% |
| Unclassified | 10.6% | 28.5% |
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 (11% of GUNR, 29% of MCHI).
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% |
| MCHI | +9.3% | -5.2% | -1.0% | +8.7% | -2.2% | +4.3% | 1.94% |
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 MCHI →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by PC6, CHU and 601899.
 PC6PetroChina Co. Ltd., Class H | 0.46% | 1.12% | 0.46% |
|---|---|---|---|
 CHUChina Petroleum & Chemical Corp., Class H | 0.24% | 0.48% | 0.24% |
 601899Zijin Mining Group Co. Ltd., Class A | 0.16% | 0.20% | 0.16% |
 270Guangdong Investment Ltd. | 0.18% | 0.12% | 0.12% |
 002714Muyuan Foods Co. Ltd., Class A | 0.36% | 0.07% | 0.07% |
 000792Qinghai Salt Lake Industry Co. Ltd., Class A | 0.31% | 0.05% | 0.05% |
 600096Yunnan Yuntianhua Co. Ltd., Class A | 0.11% | 0.02% | 0.02% |
 000876New Hope Liuhe Co. Ltd., Class A | 0.06% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GUNR and MCHI overlap?
GUNR and MCHI overlap by 1.1% of portfolio weight. They share 8 holdings (GUNR holds 148 positions and MCHI holds 580), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and MCHI?
The two portfolios are 1.1% 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 MCHI?
The largest positions held by both funds are PC6, CHU, 601899, 270 and 002714. Together the top 8 shared positions account for 100% of the total overlap.
What does GUNR own that MCHI doesn't?
140 positions (97.9% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 572 positions (97.5% of MCHI) are unique to MCHI.