GUNR vs SCHF: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
SCHFSchwab International Equity ETF
Schwab · 1476 holdings · $67.5B · as of 2026-05-31
Holdings snapshots are 31 days apart (GUNR: 2026-04-30, SCHF: 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 SCHF?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Schwab International Equity ETF (SCHF, by Schwab) holds 1476. They have 48 holdings in common, and by portfolio weight the two funds are 7.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48GUNR holds 148 · SCHF holds 1476
- Weight in Shared Holdings
- GUNR 49%·SCHF 7%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
100 of 148 positions (51.0% of the fund) are not held by SCHF. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | SCHF |
|---|---|---|
| Materials | 43.0% | 6.4% |
| Energy | 32.2% | 4.4% |
| Financials | 0.0% | 21.7% |
| Information Technology | 0.0% | 15.5% |
| Industrials | 0.6% | 14.5% |
| Other Sectors | 13.5% | 25.3% |
| Unclassified | 10.6% | 11.5% |
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, 12% of SCHF).
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% |
| SCHF | +2.7% | +18.1% | +30.6% | +20.0% | +10.5% | +10.4% | 2.99% |
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 SCHF →
Shared Holdings(48)
The top 10 shared positions account for 59% of the overlap, led by SHEL, BHP and TTE.
 SHELShell plc | 3.89% | 0.80% | 0.80% |
|---|---|---|---|
 BHPBHP Group Ltd. | 4.16% | 0.74% | 0.74% |
 TTETotalEnergies SE | 2.87% | 0.53% | 0.53% |
 RIORio Tinto plc | 2.24% | 0.37% | 0.37% |
 BP-BP plc | 1.81% | 0.37% | 0.37% |
 CNQCanadian Natural Resources Ltd. | 1.46% | 0.31% | 0.31% |
 AEMAgnico Eagle Mines Ltd. | 1.99% | 0.31% | 0.31% |
 GLENPENGlencore plc | 1.48% | 0.27% | 0.27% |
 SUSuncor Energy, Inc. | 1.28% | 0.25% | 0.25% |
 ABXBarrick Mining Corp. | 1.37% | 0.24% | 0.24% |
 WPMWheaton Precious Metals Corp. | 1.19% | 0.21% | 0.21% |
 AALAnglo American plc | 1.17% | 0.19% | 0.19% |
 ENIEni SpA | 0.84% | 0.17% | 0.17% |
 CCJCameco Corp. | 0.98% | 0.16% | 0.16% |
 FNVFranco-Nevada Corp. | 0.85% | 0.15% | 0.15% |
 WDSWoodside Energy Group Ltd. | 0.66% | 0.14% | 0.14% |
 CVECenovus Energy, Inc. | 0.61% | 0.12% | 0.12% |
 KUSDKinross Gold Corp. | 0.78% | 0.12% | 0.12% |
 NTRNutrien Ltd. | 4.83% | 0.11% | 0.11% |
 TECKTeck Resources Ltd., Class B | 0.58% | 0.11% | 0.11% |
 REPRepsol SA | 0.43% | 0.09% | 0.09% |
 FMGFortescue Ltd. | 0.48% | 0.08% | 0.08% |
 EQNREquinor ASA | 0.43% | 0.08% | 0.08% |
 PAASPan American Silver Corp. | 0.47% | 0.08% | 0.08% |
 PKNOrlen SA PLN1.25 | 0.33% | 0.08% | 0.08% |
Frequently Asked Questions
How much do GUNR and SCHF overlap?
GUNR and SCHF overlap by 7.1% of portfolio weight. They share 48 holdings (GUNR holds 148 positions and SCHF holds 1476), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and SCHF?
The two portfolios are 7.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of GUNR and SCHF?
The largest positions held by both funds are SHEL, BHP, TTE, RIO and BP-. Together the top 10 shared positions account for 59% of the total overlap.
What does GUNR own that SCHF doesn't?
100 positions (51.0% of GUNR) are unique to GUNR, led by CTVA, XOM and CVX. In the other direction, 1428 positions (92.3% of SCHF) are unique to SCHF.