GUNR vs VOO: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
Vanguard · 504 holdings · $1.03T · as of 2026-03-31
Holdings snapshots are 30 days apart (GUNR: 2026-04-30, VOO: 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 VOO?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Vanguard 500 Index Fund (VOO, by Vanguard) holds 504. They have 21 holdings in common, and by portfolio weight the two funds are 3.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21GUNR holds 148 · VOO holds 504
- Weight in Shared Holdings
- GUNR 33%·VOO 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
127 of 148 positions (67.1% of the fund) are not held by VOO. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | VOO |
|---|---|---|
| Materials | 43.0% | 2.1% |
| Information Technology | 0.0% | 32.7% |
| Energy | 32.2% | 4.0% |
| Financials | 0.0% | 12.4% |
| Communication Services | 0.0% | 10.5% |
| Other Sectors | 14.0% | 38.1% |
| 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 VOO).
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% |
| VOO | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.03% |
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 VOO →
Shared Holdings(21)
The top 10 shared positions account for 87% of the overlap, led by XOM, CVX and COP.
 XOMExxon Mobil Corp. COM | 4.96% | 1.27% | 1.27% |
|---|---|---|---|
 CVXChevron Corp. COM | 3.78% | 0.69% | 0.69% |
 COPConocoPhillips COM | 1.61% | 0.29% | 0.29% |
 NEMNewmont Corporation COM | 2.05% | 0.21% | 0.21% |
 FCXFreeport-McMoRan Inc. CL B | 1.42% | 0.15% | 0.15% |
 EOGEOG Resources Inc. COM | 0.77% | 0.14% | 0.14% |
 CTVACorteva Inc COM | 5.00% | 0.10% | 0.10% |
 OXYOccidental Petroleum Corp. COM | 0.41% | 0.08% | 0.08% |
 EQTEQT Corporation COM | 0.39% | 0.07% | 0.07% |
 FANGDiamondback Energy Inc COM | 0.39% | 0.07% | 0.07% |
 ADMArcher-Daniels-Midland Co. COM | 3.25% | 0.06% | 0.06% |
 DVNDevon Energy Corporation COM | 0.32% | 0.06% | 0.06% |
 TPLTexas Pacific Land Corporation COM | 0.26% | 0.05% | 0.05% |
 CTRACoterra Energy Inc COM | 0.29% | 0.05% | 0.05% |
 AWKAmerican Water Works Company, Inc. COM | 1.11% | 0.05% | 0.05% |
 EXEExpand Energy Corp. COM | 0.25% | 0.05% | 0.05% |
 CFCF Industries Holdings, Inc. COM | 1.65% | 0.04% | 0.04% |
 TSNTyson Foods, Inc., Class A | 1.75% | 0.03% | 0.03% |
 WYWeyerhaeuser Company COM NEW | 0.67% | 0.03% | 0.03% |
 Q23Bunge Global SA COM SHS | 1.65% | 0.03% | 0.03% |
 MOSThe Mosaic Company COM | 0.70% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GUNR and VOO overlap?
GUNR and VOO overlap by 3.5% of portfolio weight. They share 21 holdings (GUNR holds 148 positions and VOO holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and VOO?
The two portfolios are 3.5% 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 VOO?
The largest positions held by both funds are XOM, CVX, COP, NEM and FCX. Together the top 10 shared positions account for 87% of the total overlap.
What does GUNR own that VOO doesn't?
127 positions (67.1% of GUNR) are unique to GUNR, led by NTR, BHP and SHEL. In the other direction, 483 positions (96.2% of VOO) are unique to VOO.