GUNR vs VEA: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
VEAVanguard Developed Markets Index Fund
Vanguard · 3886 holdings · $235.0B · as of 2026-03-31
Holdings snapshots are 30 days apart (GUNR: 2026-04-30, VEA: 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 VEA?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Vanguard Developed Markets Index Fund (VEA, by Vanguard) holds 3886. They have 54 holdings in common, and by portfolio weight the two funds are 7.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 54GUNR holds 148 · VEA holds 3886
- Weight in Shared Holdings
- GUNR 50%·VEA 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
94 of 148 positions (49.4% of the fund) are not held by VEA. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | VEA |
|---|---|---|
| Materials | 43.0% | 6.2% |
| Energy | 32.2% | 4.8% |
| Financials | 0.0% | 20.4% |
| Industrials | 0.6% | 13.9% |
| Information Technology | 0.0% | 9.9% |
| Other Sectors | 13.5% | 25.4% |
| Unclassified | 10.6% | 18.5% |
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, 19% of VEA).
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% |
| VEA | +3.0% | +17.5% | +29.9% | +19.8% | +10.2% | +10.3% | 2.49% |
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 VEA →
Shared Holdings(54)
The top 10 shared positions account for 59% of the overlap, led by SHEL, BHP and TTE.
 SHELShell plc | 3.89% | 0.90% | 0.90% |
|---|---|---|---|
 BHPBHP Group Ltd. | 4.16% | 0.61% | 0.61% |
 TTETotalEnergies SE EUR2.5 | 2.87% | 0.57% | 0.57% |
 BP-BP plc | 1.81% | 0.42% | 0.42% |
 AEMAgnico Eagle Mines Ltd. | 1.99% | 0.35% | 0.35% |
 CNQCanadian Natural Resources Ltd. | 1.46% | 0.34% | 0.34% |
 RIORio Tinto plc | 2.24% | 0.33% | 0.33% |
 GLENPENGlencore plc | 1.48% | 0.27% | 0.27% |
 SUSuncor Energy, Inc. | 1.28% | 0.27% | 0.27% |
 ABXBarrick Mining Corp. | 1.37% | 0.23% | 0.23% |
 WPMWheaton Precious Metals Corp. | 1.19% | 0.20% | 0.20% |
 ENIEni SpA | 0.84% | 0.18% | 0.18% |
 FNVFranco-Nevada Corp. | 0.85% | 0.16% | 0.16% |
 CCJCameco Corp. | 0.98% | 0.16% | 0.16% |
 AALAnglo American plc | 1.17% | 0.16% | 0.16% |
 WDSWoodside Energy Group Ltd. | 0.66% | 0.15% | 0.15% |
 KUSDKinross Gold Corp. | 0.78% | 0.13% | 0.13% |
 NTRNutrien Ltd. | 4.83% | 0.13% | 0.13% |
 CVECenovus Energy, Inc. | 0.61% | 0.12% | 0.12% |
 REPRepsol SA | 0.43% | 0.10% | 0.10% |
 EQNREquinor ASA | 0.43% | 0.10% | 0.10% |
 1605Inpex Corp. NPV | 0.35% | 0.09% | 0.09% |
 TECKTeck Resources Ltd., Class B | 0.58% | 0.09% | 0.09% |
 PAASPan American Silver Corp. | 0.47% | 0.08% | 0.08% |
 FMGFortescue Ltd. | 0.48% | 0.08% | 0.08% |
Frequently Asked Questions
How much do GUNR and VEA overlap?
GUNR and VEA overlap by 7.3% of portfolio weight. They share 54 holdings (GUNR holds 148 positions and VEA holds 3886), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and VEA?
The two portfolios are 7.3% 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 VEA?
The largest positions held by both funds are SHEL, BHP, TTE, BP- and AEM. Together the top 10 shared positions account for 59% of the total overlap.
What does GUNR own that VEA doesn't?
94 positions (49.4% of GUNR) are unique to GUNR, led by CTVA, XOM and CVX. In the other direction, 3832 positions (91.8% of VEA) are unique to VEA.