Best Real Asset ETFs
Real-asset ETFs across energy, infrastructure, real estate, and commodities, ranked by ETF Copilot.
Updated September 11, 2026
What stands out across Real Asset ETFs
Expense ratios on this page run from 0.40% to 0.85% a year, a median of 0.50%. GNR is the cheapest of the 5 shown.
Across the 5 funds shown, ETF Copilot's overall scores run from 4.2 to 6.5 out of 10, with a median of 5.3.
Concentration varies widely here: the ten largest holdings account for 37% of assets in the least concentrated fund and 58% in the most, a median of 41% across the list.
1 of 4 are more concentrated than the typical fund in their own category, on ETF Copilot's concentration measure.
The typical Real Asset fund on this page behaves like 38 equally weighted positions once holding weights are taken into account.
As of September 11, 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) | 6.0/10 | 0.47% | $7.5B | 39% | |
| 2 | State Street SPDR S&P Global Natural Resources ETF (GNR) | 5.3/10 | 0.40% | $5.3B | 37% | |
| 3 | Invesco Water Resources ETF (PHO) | 4.5/10 | 0.59% | $2.0B | 58% | Tech 12% |
| 4 | First Trust Water ETF (FIW) | 4.2/10 | 0.50% | $1.8B | 43% | Tech 8% |
| 5 | Horizon Kinetics Inflation Beneficiaries ETF (INFL) | 6.5/10 | 0.85% | $1.7B |
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 these funds, 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 September 11, 2026, Real Assets moved -1.5% and saw +$315M of net fund flow, which ETF Copilot reads as accumulating — money coming in without the price leading.
| Measure | Value |
|---|---|
| Price, 1 week | -1.5% |
| Net flow, 1 week | +$315M |
| Price, 1 month | +4.2% |
| Net flow, 1 month | +$109M |
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 September 11, 2026.
https://etf-copilot.com/best/real-assets-etfs
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