GUNR vs PHO: holdings overlap, shared companies and scores

As of September 11, 2026, GUNR and PHO overlap 1.2% by weight. Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR): Global upstream natural resources. Invesco Water Resources ETF (PHO): U.S. water conservation stocks.

Updated September 11, 2026

How much do GUNR and PHO overlap?

As of September 11, 2026, GUNR and PHO overlap 1.2% by weight.

1% of GUNR is already inside PHO.

4% of PHO is already inside GUNR.

GUNR holds 128 companies and PHO holds 40; 1 are in both.

Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.

How does ETF Copilot score GUNR and PHO?

As of September 11, 2026, ETF Copilot scores GUNR 6.0 out of 10 and PHO 4.5 out of 10.

They differ most on Return: GUNR 6.0 and PHO 3.3.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

GUNR vs PHO — ETF Copilot factor scores, 0–10
FactorGUNRPHO
Growth6.24.6
Valuation7.18.2
Risk5.64.0
Quality5.12.8
Return6.03.3

GUNR is the cheaper of the two at 0.47% a year

As of September 11, 2026, GUNR charges 0.47% a year, yields 3.17% and holds $7.5B in assets across 128 positions.

As of September 11, 2026, PHO charges 0.59% a year, yields 0.85% and holds $2.0B in assets across 40 positions.

GUNR vs PHO — cost, income and size
MeasureGUNRPHO
Expense ratio0.47%0.59%
Dividend yield3.17%0.85%
Assets under management$7.5B$2.0B
Holdings12840

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.

What moved GUNR and PHO this week

GUNR fell 0.9% in the week to September 11, 2026. The holdings that moved it most were Corteva (−5.3%), Nutrien (−2.5%) and Rio Tinto (−3.1%); Shell (+3.5%) pushed the other way.

PHO fell 3.3% in the week to September 11, 2026. The holdings that moved it most were Roper Technologies (−8.0%), Idexx Labs (−4.6%) and Bentley Systems (−13.0%); Valmont Industries (+1.8%) pushed the other way.

What do GUNR and PHO each hold?

39% of GUNR is its ten largest holdings.

What's inside PHO: Tech 12%.

58% of PHO is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “GUNR vs PHO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/gunr-vs-pho

  1. Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR)
  2. Invesco Water Resources ETF (PHO)

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