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