GUNR vs SCHE: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 31 days apart (GUNR: 2026-04-30, SCHE: 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 SCHE?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 35 holdings in common, and by portfolio weight the two funds are 3.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 35GUNR holds 148 · SCHE holds 2180
- Weight in Shared Holdings
- GUNR 14%·SCHE 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
113 of 148 positions (85.8% of the fund) are not held by SCHE. Showing the top 30 by weight.
Only in SCHE
2145 of 2180 positions (96.0% of the fund) are not held by GUNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | SCHE |
|---|---|---|
| Materials | 43.0% | 3.7% |
| Energy | 32.2% | 3.0% |
| Information Technology | 0.0% | 29.1% |
| Financials | 0.0% | 13.4% |
| Consumer Staples | 8.4% | 1.8% |
| Other Sectors | 5.6% | 17.8% |
| Unclassified | 10.6% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(35)
The top 10 shared positions account for 82% of the overlap, led by VALE3, ARAMCSAR and PETR4.
 VALE3Vale SA | 1.25% | 0.55% | 0.55% |
|---|---|---|---|
 ARAMCSARSaudi Arabian Oil Co. | 0.62% | 0.41% | 0.41% |
 PETR4Petroleo Brasileiro SA - Petrobras (Preference) | 0.66% | 0.35% | 0.35% |
 GFIGold Fields Ltd. | 0.82% | 0.33% | 0.33% |
 GMEXICOBGrupo Mexico SAB de CV, Series B | 0.76% | 0.33% | 0.33% |
 PC6PetroChina Co. Ltd., Class H | 0.46% | 0.27% | 0.27% |
 MAADESARSaudi Arabian Mining Co. | 0.43% | 0.21% | 0.21% |
 VALValterra Platinum Ltd. | 0.34% | 0.21% | 0.21% |
 HNDLHindalco Industries Ltd. | 0.30% | 0.16% | 0.16% |
 SBSP3Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.01% | 0.12% | 0.12% |
 CHUChina Petroleum & Chemical Corp., Class H | 0.24% | 0.12% | 0.12% |
 SAFCOSARSABIC Agri-Nutrients Co. | 1.14% | 0.08% | 0.08% |
 IQCDQARIndustries Qatar QSC | 1.45% | 0.06% | 0.06% |
 601899Zijin Mining Group Co. Ltd., Class A | 0.16% | 0.06% | 0.06% |
 SUZB3Suzano SA | 0.33% | 0.05% | 0.05% |
 UPLLUPL Ltd. | 0.58% | 0.04% | 0.04% |
 270Guangdong Investment Ltd. | 0.18% | 0.03% | 0.03% |
 KLBN11Klabin SA | 0.19% | 0.03% | 0.03% |
| Charoen Pokphand Foods PCL | 0.29% | 0.02% | 0.02% |
 PIPI Industries Ltd. | 0.46% | 0.02% | 0.02% |
 002714Muyuan Foods Co. Ltd., Class A | 0.36% | 0.02% | 0.02% |
| Cia de Saneamento de Minas Gerais Copasa MG | 0.13% | 0.02% | 0.02% |
 CPINCharoen Pokphand Indonesia Tbk. PT | 0.29% | 0.02% | 0.02% |
 000792Qinghai Salt Lake Industry Co. Ltd., Class A | 0.31% | 0.02% | 0.02% |
 QLGQL Resources Bhd. | 0.33% | 0.02% | 0.02% |
Frequently Asked Questions
How much do GUNR and SCHE overlap?
GUNR and SCHE overlap by 3.6% of portfolio weight. They share 35 holdings (GUNR holds 148 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and SCHE?
The two portfolios are 3.6% 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 SCHE?
The largest positions held by both funds are VALE3, ARAMCSAR, PETR4, GFI and GMEXICOB. Together the top 10 shared positions account for 82% of the total overlap.
What does GUNR own that SCHE doesn't?
113 positions (85.8% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 2145 positions (96.0% of SCHE) are unique to SCHE.