GUNR vs VSS: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
VSSVanguard FTSE All-world Ex-us Small-cap Index Fund
Vanguard · 4810 holdings · $11.7B · as of 2026-04-30
How similar are GUNR and VSS?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; Vanguard FTSE All-world Ex-us Small-cap Index Fund (VSS, by Vanguard) holds 4810. They have 11 holdings in common, and by portfolio weight the two funds are 0.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11GUNR holds 148 · VSS holds 4810
- Weight in Shared Holdings
- GUNR 2%·VSS 1%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
137 of 148 positions (97.8% of the fund) are not held by VSS. Showing the top 30 by weight.
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% |
| VSS | +3.4% | +11.3% | +19.8% | +15.6% | +6.0% | +8.0% | 3.14% |
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 VSS →
Shared Holdings(11)
The top 10 shared positions account for 99% of the overlap, led by PNN, SJ and SDF.
 PNNPennon Group plc | 0.24% | 0.09% | 0.09% |
|---|---|---|---|
 SJStella-Jones, Inc. | 0.15% | 0.09% | 0.09% |
 SDFK+S AG (Registered) | 0.42% | 0.09% | 0.09% |
 WFGWest Fraser Timber Co. Ltd. | 0.18% | 0.09% | 0.09% |
 BAKKABakkafrost P/F | 0.36% | 0.07% | 0.07% |
 UPLUnited Plantations Bhd. | 0.29% | 0.06% | 0.06% |
 4G3AGolden Agri-Resources Ltd. | 0.21% | 0.04% | 0.04% |
| Manila Water Co., Inc. | 0.05% | 0.02% | 0.02% |
| Jiangxi Zhengbang Technology Co. Ltd., Class A | 0.05% | 0.01% | 0.01% |
| Grandblue Environment Co. Ltd., Class A | 0.02% | 0.01% | 0.01% |
| Zhongfu Straits Pingtan Development Co. Ltd., Class A | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
How much do GUNR and VSS overlap?
GUNR and VSS overlap by 0.6% of portfolio weight. They share 11 holdings (GUNR holds 148 positions and VSS holds 4810), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and VSS?
The two portfolios are 0.6% 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 VSS?
The largest positions held by both funds are PNN, SJ, SDF, WFG and BAKKA. Together the top 10 shared positions account for 99% of the total overlap.
What does GUNR own that VSS doesn't?
137 positions (97.8% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 4799 positions (98.4% of VSS) are unique to VSS.