GNR vs VAW
Comparison between STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF (GNR, ETF) and VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF).
5-Year PerformanceGNR has outperformed VAW, delivering a return of +9.9% compared to +6.4%
GNR vs VAW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GNR
$4.50B
VAW
$4.50B
Expense Ratio
GNR
0.40%
Winner
VAW
0.09%
Max Drawdown
Winner
GNR
60.61%
VAW
63.47%
Sharpe Ratio
Winner
GNR
1.30
VAW
0.57
5Y Beta
Winner
GNR
0.68
VAW
0.87
P/E Ratio
Winner
GNR
19.59
VAW
32.37
Forward P/E
Winner
GNR
12.65
VAW
17.04
5Y Dividends CAGR
GNR
5.89%
Winner
VAW
8.64%
5Y EPS CAGR
GNR
N/A
VAW
19.31%
Debt to Equity
GNR
N/A
VAW
50.62%
P/S Ratio
Winner
GNR
0.02
VAW
1.92
P/B Ratio
Winner
GNR
2.08
VAW
2.94
GNR vs VAW - Holdings Comparison
GNR and VAW have 18 common holdings. Overlap is 18.35%
GNR's top 25 holdings weight is 59.03%. VAW's top 25 holdings weight is 76.87%.
| Rank | GNR | VAW |
|---|---|---|
| #1 | BHP GROUP LTD (n/a) - 5.26% | LINDE PLC (LIN) - 14.78% |
| #2 | NUTRIEN LTD (n/a) - 4.92% | NEWMONT CORP (NEM) - 7.60% |
| #3 | EXXON MOBIL CORP (XOM) - 4.57% | FREEPORT-MCMORAN INC (FCX) - 6.05% |
| #4 | SHELL PLC (n/a) - 4.22% | CRH PLC (CRH) - 4.67% |
| #5 | CORTEVA INC (CTVA) - 3.30% | SHERWIN-WILLIAMS CO (SHW) - 4.58% |
| #6 | TOTALENERGIES SE (TTE:XPAR) - 2.90% | ECOLAB INC (ECL) - 4.17% |
| #7 | UPM-KYMMENE OYJ (n/a) - 2.85% | AIR PRODUCTS AND CHEMICALS INC (APD) - 3.61% |
| #8 | NEWMONT CORP (NEM) - 2.67% | NUCOR CORP (NUE) - 3.56% |
| #9 | CHEVRON CORP (CVX) - 2.52% | CORTEVA INC (CTVA) - 3.37% |
| #10 | FREEPORT-MCMORAN INC (FCX) - 2.20% | VULCAN MATERIALS CO (VMC) - 2.37% |
| #11 | ARCHER-DANIELS-MIDLAND CO (ADM) - 2.12% | STEEL DYNAMICS INC (STLD) - 2.29% |
| #12 | AGNICO EAGLE MINES LTD (AEM) - 1.94% | MARTIN MARIETTA MATERIALS INC (MLM) - 2.25% |
| #13 | BP PLC (n/a) - 1.84% | AMRIZE LTD REGISTERED SHARE (AMRZ) - 1.74% |
| #14 | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 1.70% | PPG INDUSTRIES INC (PPG) - 1.62% |
| #15 | GLENCORE PLC (n/a) - 1.66% | DOW INC (DOW) - 1.56% |
| #16 | BARRICK MINING CORP (n/a) - 1.59% | SMURFIT WESTROCK PLC (SW) - 1.38% |
| #17 | WILMAR INTERNATIONAL LTD (n/a) - 1.57% | ALBEMARLE CORP (ALB) - 1.33% |
| #18 | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.56% | ALCOA CORP (AA) - 1.31% |
| #19 | YARA INTERNATIONAL ASA (n/a) - 1.48% | COEUR MINING INC (CDE) - 1.28% |
| #20 | ANGLO AMERICAN PLC (n/a) - 1.47% | DUPONT DE NEMOURS INC (DD) - 1.27% |
| #21 | VALE SA ADR (VALE) - 1.36% | PACKAGING CORP OF AMERICA (PKG) - 1.25% |
| #22 | STORA ENSO OYJ CLASS R (n/a) - 1.35% | RELIANCE INC (RS) - 1.25% |
| #23 | NUCOR CORP (NUE) - 1.34% | ROYAL GOLD INC (RGLD) - 1.22% |
| #24 | SMURFIT WESTROCK PLC (SW) - 1.33% | INTERNATIONAL FLAVORS & FRAGRANCES INC (IFF) - 1.21% |
| #25 | WHEATON PRECIOUS METALS CORP (WPM) - 1.31% | AMCOR PLC ORDINARY SHARES (AMCR) - 1.15% |
| Total Holdings | 111 | 116 |
GNR vs VAW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GNR
-3.32%
VAW
-4.74%
3M
GNR
-5.59%
Winner
VAW
-3.18%
6M
Winner
GNR
+5.23%
VAW
+0.49%
1Y
Winner
GNR
+29.81%
VAW
+15.73%
5Y(CAGR)
Winner
GNR
+9.87%
VAW
+6.41%
10Y(CAGR)
Winner
GNR
+9.55%
VAW
+9.53%
Max(CAGR)
GNR
+5.19%
Winner
VAW
+9.04%
GNR vs VAW - Annual Returns (2004 - 2026)
Returns include dividend reinvestment.
| Year | GNR | VAW |
|---|---|---|
| 2026 | +11.36% | +7.55% |
| 2025 | +27.73% | +13.45% |
| 2024 | -8.14% | +0.72% |
| 2023 | +4.58% | +13.72% |
| 2022 | +9.62% | -10.82% |
| 2021 | +22.45% | +28.37% |
| 2020 | -0.55% | +20.65% |
| 2019 | +16.23% | +22.95% |
| 2018 | -14.76% | -18.75% |
| 2017 | +20.86% | +22.77% |
| 2016 | +32.40% | +23.44% |
| 2015 | -23.94% | -10.48% |
| 2014 | -9.59% | +6.67% |
| 2013 | -2.13% | +21.70% |
| 2012 | +3.00% | +14.15% |
| 2011 | -16.37% | -10.25% |
| 2010 | +17.90% | +20.83% |
| 2009 | N/A | +45.94% |
| 2008 | N/A | -46.00% |
| 2007 | N/A | +26.82% |
| 2006 | N/A | +17.74% |
| 2005 | N/A | +4.50% |
| 2004 | N/A | +21.63% |
GNR vs VAW Drawdown Comparison
The maximum drawdown for GNR was -51.38%, occurring on Jan 20, 2016. Recovery took 2456 trading sessions.
The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.
The current GNR drawdown is -7.17%. The current VAW drawdown is -7.08%.
| Rank | GNR | VAW |
|---|---|---|
| #1 | -51.38% Apr 5, 2011 - Jan 7, 2021 | -62.12% May 16, 2008 - Jan 9, 2013 |
| #2 | -25.66% Apr 20, 2022 - May 20, 2024 | -41.14% Jan 26, 2018 - Sep 1, 2020 |
| #3 | -21.06% May 20, 2024 - Jul 23, 2025 | -27.23% Feb 24, 2015 - Nov 15, 2016 |
| #4 | -11.88% Jun 2, 2021 - Jan 4, 2022 | -25.49% Apr 20, 2022 - Feb 29, 2024 |
| #5 | -11.00% Mar 2, 2026 - Jul 1, 2026 | -23.20% Oct 18, 2024 - Dec 26, 2025 |
| #6 | -8.69% Jan 14, 2021 - Feb 16, 2021 | -16.60% May 9, 2006 - Nov 22, 2006 |
| #7 | -8.17% Mar 3, 2011 - Apr 1, 2011 | -16.36% Mar 4, 2005 - Jan 26, 2006 |
| #8 | -6.68% Nov 5, 2010 - Dec 13, 2010 | -15.95% Jul 19, 2007 - Oct 9, 2007 |
| #9 | -6.42% Mar 12, 2021 - Apr 26, 2021 | -15.12% Dec 10, 2007 - Apr 4, 2008 |
| #10 | -5.06% Jan 19, 2022 - Feb 7, 2022 | -13.42% Feb 27, 2026 - Mar 20, 2026 |
| #11 | -4.93% Jul 23, 2025 - Aug 22, 2025 | -12.15% Sep 5, 2014 - Feb 13, 2015 |
| #12 | -4.50% Nov 12, 2025 - Nov 28, 2025 | -12.02% Mar 1, 2004 - Sep 2, 2004 |
| #13 | -4.45% Feb 16, 2022 - Mar 10, 2022 | -11.29% Oct 31, 2007 - Dec 10, 2007 |
| #14 | -4.34% Feb 24, 2021 - Mar 10, 2021 | -10.81% Jan 4, 2022 - Mar 25, 2022 |
| #15 | -4.07% Mar 10, 2022 - Mar 18, 2022 | -10.71% May 17, 2021 - Nov 8, 2021 |
Correlation
Correlation between GNR and VAW is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (2004 - 2026)
GNR vs VAW dividend yield comparison.
| Year | GNR | VAW |
|---|---|---|
| 2026 | 1.24% | 0.71% |
| 2025 | 2.76% | 1.55% |
| 2024 | 4.73% | 1.70% |
| 2023 | 3.37% | 1.72% |
| 2022 | 4.37% | 1.98% |
| 2021 | 3.44% | 1.44% |
| 2020 | 2.78% | 1.67% |
| 2019 | 3.84% | 1.94% |
| 2018 | 3.51% | 2.03% |
| 2017 | 2.40% | 1.63% |
| 2016 | 2.06% | 1.67% |
| 2015 | 4.59% | 2.30% |
| 2014 | 2.59% | 1.76% |
| 2013 | 2.46% | 1.84% |
| 2012 | 1.89% | 1.87% |
| 2011 | 1.90% | 2.16% |
| 2010 | 0.21% | 2.18% |
| 2009 | 0.00% | 1.36% |
| 2008 | 0.00% | 3.52% |
| 2007 | 0.00% | 1.45% |
| 2006 | 0.00% | 1.61% |
| 2005 | 0.00% | 1.61% |
| 2004 | 0.00% | 1.66% |
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