State Street SPDR S&P Global Natural Resources ETF (GNR) is a real-assets ETF. As of October 9, 2026, ETF Copilot scores GNR 4.1 out of 10 — highest on Return (5.5), lowest on Growth (1.8). Its ten largest holdings are 36% of the fund.
What stands out in GNR's data
Global natural resource companies, from energy to metals to agriculture.
Its companies trade at a below-average earnings multiple.
Trailing EBITDA multiple of 7.4x, below the category median of 9.6x.
Adds exposure to commodity-linked companies across energy, metals, and agriculture.
Why did GNR move this week? It rose 1.5% in the week to October 9, 2026 — Shell and Totalenergies SE drove it
GNR rose 1.5% in the week to October 9, 2026. The holdings that moved it most were Shell (+5.7%), Totalenergies SE (+5.2%) and Exxonmobil (+3.0%); Upm-Kymmene OYJ (−1.8%) pushed the other way.
How is GNR rated? ETF Copilot scores State Street SPDR S&P Global Natural Resources ETF (GNR) 4.1 out of 10
As of October 9, 2026, ETF Copilot scores State Street SPDR S&P Global Natural Resources ETF (GNR) 4.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.1 / 10
- Growth: 1.8 / 10
- Value: 4.7 / 10
- Risk: 5.1 / 10
- Quality: 3.9 / 10
- Return: 5.5 / 10
What's inside GNR?
What's inside GNR: Size (Large 72%, Mid 25%, Small 3%); Geography (International 66%, US 34%).
What are GNR's top holdings? The ten largest are 36% of the fund
Shell, Exxonmobil, BHP, Nutrien, Totalenergies SE, UPM Kymmene OYJ, Newmont, Chevron, Freeport-McMoRan and Vylor are GNR's largest holdings, in that order.
Less concentrated than 88% of Real Assets ETFs.
Half of GNR's weight sits in its 18 largest positions, and once those weights are taken into account it behaves like 47 equally weighted holdings.
What is GNR's expense ratio? 0.40% a year
As of October 9, 2026, GNR charges 0.40% a year, yields 2.41% and holds $5.1B in assets across 94 positions.
| Measure | GNR |
|---|---|
| Expense ratio | 0.40% |
| Dividend yield | 2.41% |
| Assets under management | $5.1B |
| Holdings | 94 |
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.
Cite this
ETF Copilot, “State Street SPDR S&P Global Natural Resources ETF (GNR) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/gnr
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