Best Real Asset ETFs
Which real asset ETFs does ETF Copilot list today? As of October 28, 2026, ETF Copilot's Best Real Asset ETFs list holds five funds, largest first by assets: GUNR, GNR, PHO, FIW and INFL. Expense ratios across the five run from 0.40% to 0.85% a year, and their ETF Copilot overall scores run from 3.7 to 5.6.
Updated October 28, 2026
What stands out across Real Asset ETFs
Expense ratios across the 5 real asset ETFs listed run from 0.40% to 0.85% a year, a median of 0.50%. GNR is the cheapest of the 5.
Across the 5 funds shown, ETF Copilot's overall scores run from 3.7 to 5.6 out of 10, with a median of 4.6.
Concentration varies widely among the 5 real asset ETFs listed: the ten largest holdings account for 36% of assets in the least concentrated fund and 59% in the most, a median of 41% across the list.
1 of 5 are more concentrated than the typical fund in their own category, on ETF Copilot's concentration measure.
The typical fund among the 5 real asset ETFs listed behaves like 31 equally weighted positions once holding weights are taken into account.
As of October 28, 2026, the largest fund on ETF Copilot's Best Real Asset ETFs list by assets is Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR).
What are the Best Real Asset ETFs? The 5 on this list
| # | Fund | ETF Copilot score | Expense ratio | Assets | Top 10 weight | Largest exposures |
|---|---|---|---|---|---|---|
| 1 | Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) | 4.3/10 | 0.47% | $7.0B | 36% | |
| 2 | State Street SPDR S&P Global Natural Resources ETF (GNR) | 3.7/10 | 0.40% | $5.4B | 37% | |
| 3 | Invesco Water Resources ETF (PHO) | 4.6/10 | 0.59% | $2.0B | 59% | Tech 20% |
| 4 | First Trust Water ETF (FIW) | 4.9/10 | 0.50% | $1.8B | 41% | Tech 16% |
| 5 | Horizon Kinetics Inflation Beneficiaries ETF (INFL) | 5.6/10 | 0.85% | $1.5B | 49% |
ETF Copilot's 0–10 score rates a fund on value, growth, quality and risk against every US equity ETF we track. How the scores are built →
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Which Real Asset ETFs are compared head to head?
Every published head-to-head between two Real Asset ETFs, the most searched first.
- GNR vs GUNR
- GNR vs PHO
- GUNR vs PHO
- FIW vs GNR
- FIW vs GUNR
- FIW vs PHO
- FIW vs INFL
- GNR vs INFL
- GUNR vs INFL
- INFL vs PHO
- FIW vs MOO
- GNR vs MOO
- GUNR vs MOO
- INFL vs MOO
- MOO vs PHO
- CGW vs FIW
- CGW vs GNR
- CGW vs GUNR
- CGW vs INFL
- CGW vs MOO
- CGW vs PHO
Where is money going in Real Assets?
In the week to October 28, 2026, Real Assets moved -0.2% and saw +$21M of net fund flow, which ETF Copilot reads as accumulating — money coming in without the price leading.
| Measure | Value |
|---|---|
| Price, 1 week | -0.2% |
| Net flow, 1 week | +$21M |
| Price, 1 month | +1.1% |
| Net flow, 1 month | +$142M |
Net fund flow is money into or out of the ETFs in this category, computed by ETF Copilot from daily fund assets. All 33 sectors side by side →
Cite this
ETF Copilot, “Best Real Asset ETFs”, as of October 28, 2026.
https://etf-copilot.com/best/real-assets-etfs
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