GUNR vs QQQ: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
Holdings snapshots are 30 days apart (GUNR: 2026-04-30, QQQ: 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 QQQ?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 1 holdings in common, and by portfolio weight the two funds are 0.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1GUNR holds 148 · QQQ holds 101
- Weight in Shared Holdings
- GUNR 0%·QQQ 0%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
147 of 148 positions (99.4% of the fund) are not held by QQQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | QQQ |
|---|---|---|
| Information Technology | 0.0% | 49.7% |
| Materials | 43.0% | 1.3% |
| Energy | 32.2% | 0.7% |
| Communication Services | 0.0% | 16.0% |
| Consumer Discretionary | 0.0% | 12.6% |
| Other Sectors | 14.0% | 19.7% |
| 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 QQQ).
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(1)
 FANGDiamondback Energy, Inc. | 0.39% | 0.32% | 0.32% |
|---|
Frequently Asked Questions
How much do GUNR and QQQ overlap?
GUNR and QQQ overlap by 0.3% of portfolio weight. They share 1 holdings (GUNR holds 148 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and QQQ?
The two portfolios are 0.3% 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 QQQ?
The largest positions held by both funds are FANG. Together the top 1 shared positions account for 99% of the total overlap.
What does GUNR own that QQQ doesn't?
147 positions (99.4% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 100 positions (99.6% of QQQ) are unique to QQQ.