GUNR vs XLP: Holdings Overlap
GUNRFlexShares Morningstar Global Upstream Natural Resources Index Fund
FlexShares · 148 holdings · $7.2B · as of 2026-04-30
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 98 days apart (GUNR: 2026-04-30, XLP: 2026-08-06). 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 XLP?
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR, by FlexShares) holds 148 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 3 holdings in common, and by portfolio weight the two funds are 4.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3GUNR holds 148 · XLP holds 34
- Weight in Shared Holdings
- GUNR 7%·XLP 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
145 of 148 positions (93.1% of the fund) are not held by XLP. Showing the top 30 by weight.
Only in XLP
31 of 34 positions (95.4% of the fund) are not held by GUNR. Showing the top 30 by weight.
Sector Breakdown
| Sector | GUNR | XLP |
|---|---|---|
| Consumer Staples | 8.4% | 99.8% |
| Materials | 43.0% | 0.0% |
| Energy | 32.2% | 0.0% |
| Utilities | 4.2% | 0.0% |
| Real Estate | 0.9% | 0.0% |
| Other Sectors | 0.6% | 0.0% |
| 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 XLP).
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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by ADM, TSN and Q23.
Frequently Asked Questions
How much do GUNR and XLP overlap?
GUNR and XLP overlap by 4.4% of portfolio weight. They share 3 holdings (GUNR holds 148 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both GUNR and XLP?
The two portfolios are 4.4% 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 XLP?
The largest positions held by both funds are ADM, TSN and Q23. Together the top 3 shared positions account for 100% of the total overlap.
What does GUNR own that XLP doesn't?
145 positions (93.1% of GUNR) are unique to GUNR, led by CTVA, XOM and NTR. In the other direction, 31 positions (95.4% of XLP) are unique to XLP.