GNR vs SPY
Comparison between SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF (GNR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GNR, delivering a return of +13.3% compared to +9.7%
GNR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GNR
$4.90B
Winner
SPY
$652B
Expense Ratio
GNR
0.40%
Winner
SPY
0.09%
Max Drawdown
GNR
60.61%
Winner
SPY
56.47%
Sharpe Ratio
Winner
GNR
2.28
SPY
2.07
5Y Beta
Winner
GNR
0.66
SPY
1.00
P/E Ratio
GNR
N/A
SPY
28.24
Forward P/E
GNR
N/A
SPY
21.85
5Y Dividends CAGR
Winner
GNR
6.96%
SPY
5.43%
5Y EPS CAGR
GNR
N/A
SPY
25.79%
Debt to Equity
GNR
N/A
SPY
22.35%
P/S Ratio
GNR
N/A
SPY
3.55
P/B Ratio
GNR
N/A
SPY
5.29
GNR vs SPY - Holdings Comparison
GNR and SPY have 31 common holdings. Overlap is 3.77%
GNR's top 25 holdings weight is 60.31%. SPY's top 25 holdings weight is 51.32%.
| Rank | GNR | SPY |
|---|---|---|
| #1 | NUTRIEN LTD (n/a) - 5.20% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | EXXON MOBIL CORP (XOM) - 5.07% | APPLE INC (AAPL) - 6.48% |
| #3 | SHELL PLC (n/a) - 5.01% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | BHP GROUP LTD (n/a) - 4.56% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | TOTALENERGIES SE (TTE:XPAR) - 3.65% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | CHEVRON CORP (CVX) - 2.83% | BROADCOM INC (AVGO) - 3.09% |
| #7 | UPM-KYMMENE OYJ (n/a) - 2.75% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | NEWMONT CORP (NEM) - 2.69% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | CORTEVA INC (CTVA) - 2.51% | TESLA INC (TSLA) - 1.73% |
| #10 | BP PLC (n/a) - 2.39% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | AGNICO EAGLE MINES LTD (AEM) - 2.11% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 2.00% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.93% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | FREEPORT-MCMORAN INC (FCX) - 1.87% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | YARA INTERNATIONAL ASA (n/a) - 1.67% | WALMART INC (WMT) - 0.91% |
| #16 | ARCHER-DANIELS-MIDLAND CO (ADM) - 1.66% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | GLENCORE PLC (n/a) - 1.63% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | SUNCOR ENERGY INC (SU) - 1.58% | VISA INC CLASS A (V) - 0.85% |
| #19 | BARRICK MINING CORP (n/a) - 1.48% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | WILMAR INTERNATIONAL LTD (n/a) - 1.41% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | VALE SA ADR (VALE) - 1.30% | INTEL CORP (INTC) - 0.65% |
| #22 | WHEATON PRECIOUS METALS CORP (WPM) - 1.30% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ANGLO AMERICAN PLC (n/a) - 1.28% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | CONOCOPHILLIPS (COP) - 1.23% | CHEVRON CORP (CVX) - 0.58% |
| #25 | STORA ENSO OYJ CLASS R (n/a) - 1.20% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 114 | 505 |
GNR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GNR
-1.61%
Winner
SPY
+9.11%
3M
GNR
+3.09%
Winner
SPY
+6.59%
6M
Winner
GNR
+27.89%
SPY
+10.56%
1Y
Winner
GNR
+48.03%
SPY
+32.04%
5Y(CAGR)
GNR
+9.72%
Winner
SPY
+13.35%
10Y(CAGR)
GNR
+11.27%
Winner
SPY
+15.49%
Max(CAGR)
GNR
+5.60%
Winner
SPY
+8.50%
GNR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GNR | SPY |
|---|---|---|
| 2026 | +17.20% | +8.27% |
| 2025 | +27.73% | +18.00% |
| 2024 | -8.14% | +25.59% |
| 2023 | +4.58% | +26.72% |
| 2022 | +9.62% | -18.64% |
| 2021 | +22.45% | +30.52% |
| 2020 | -0.55% | +17.28% |
| 2019 | +16.23% | +31.09% |
| 2018 | -14.76% | -5.24% |
| 2017 | +20.86% | +20.78% |
| 2016 | +32.40% | +13.59% |
| 2015 | -23.94% | +1.31% |
| 2014 | -9.59% | +14.56% |
| 2013 | -2.13% | +29.00% |
| 2012 | +3.00% | +14.17% |
| 2011 | -16.37% | +0.85% |
| 2010 | +17.90% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GNR vs SPY Drawdown Comparison
The maximum drawdown for GNR was -51.38%, occurring on Jan 20, 2016. Recovery took 2456 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GNR drawdown is -2.31%.
| Rank | GNR | SPY |
|---|---|---|
| #1 | -51.38% Apr 5, 2011 - Jan 7, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.66% Apr 20, 2022 - May 20, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -21.06% May 20, 2024 - Jul 23, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -11.88% Jun 2, 2021 - Jan 4, 2022 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -8.69% Jan 14, 2021 - Feb 16, 2021 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -8.17% Mar 3, 2011 - Apr 1, 2011 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.97% Mar 2, 2026 - Mar 20, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -6.68% Nov 5, 2010 - Dec 13, 2010 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.42% Mar 12, 2021 - Apr 26, 2021 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.06% Jan 19, 2022 - Feb 7, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -4.93% Jul 23, 2025 - Aug 22, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.50% Nov 12, 2025 - Nov 28, 2025 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.45% Feb 16, 2022 - Mar 10, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.34% Feb 24, 2021 - Mar 10, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.07% Mar 10, 2022 - Mar 18, 2022 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GNR and SPY is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
0.88
-101
Dividend Comparison (1999 - 2026)
GNR vs SPY dividend yield comparison.
| Year | GNR | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.76% | 1.07% |
| 2024 | 4.73% | 1.21% |
| 2023 | 3.37% | 1.40% |
| 2022 | 4.37% | 1.65% |
| 2021 | 3.44% | 1.20% |
| 2020 | 2.78% | 1.52% |
| 2019 | 3.84% | 1.75% |
| 2018 | 3.51% | 2.04% |
| 2017 | 2.40% | 1.80% |
| 2016 | 2.06% | 2.03% |
| 2015 | 4.59% | 2.06% |
| 2014 | 2.59% | 1.87% |
| 2013 | 2.46% | 1.81% |
| 2012 | 1.89% | 2.18% |
| 2011 | 1.90% | 2.05% |
| 2010 | 0.21% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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