Is NANR a good investment?

State Street SPDR S&P North American Natural Resources ETF (NANR) is a real-assets ETF. As of September 11, 2026, ETF Copilot scores NANR 5.2 out of 10 — highest on Return (8.1), lowest on Growth (1.5). Its ten largest holdings are 40% of the fund.

Updated September 11, 2026

How is NANR rated? ETF Copilot scores State Street SPDR S&P North American Natural Resources ETF (NANR) 5.2 out of 10

As of September 11, 2026, ETF Copilot scores State Street SPDR S&P North American Natural Resources ETF (NANR) 5.2 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.2 / 10
Growth: 1.5 / 10
Valuation: 6.6 / 10
Risk: 3.7 / 10
Quality: 6.6 / 10
Return: 8.1 / 10

What is NANR's expense ratio? 0.35% a year

As of September 11, 2026, NANR charges 0.35% a year, yields 2.23% and holds $857M in assets across 206 positions.

State Street SPDR S&P North American Natural Resources ETF (NANR) — cost, income and size
Measure	NANR
Expense ratio	0.35%
Dividend yield	2.23%
Assets under management	$857M
Holdings	206

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 stands out in NANR's data

North American natural-resource companies, from energy to materials.

Trades cheaper than the typical resource fund — you pay less for the same assets.

Its 8.8x EBITDA multiple is below the category median of 9.2x and its own five-year median of 8.0x, with analysts projecting 12% earnings growth ahead.

A thematic resource sleeve that pairs with a broad equity core.

Why did NANR move this week? It fell 1.5% in the week to September 11, 2026 — Corteva and Newmont drove it

NANR fell 1.5% in the week to September 11, 2026. The holdings that moved it most were Corteva (−5.3%), Newmont (−2.8%) and Agnico Eagle Mines (−3.0%); Exxon Mobil (+2.3%) pushed the other way.

What's inside NANR?

What's inside NANR: Size (Large 67%, Mid 27%, Small 6%); Geography (International 30%, US 70%); Tech 0.1%; AI 0.1%.

What are NANR's top holdings? The ten largest are 40% of the fund

Exxonmobil, Chevron, Newmont, Corteva, Freeport-McMoRan, Agnico Eagle Mines, ConocoPhillips, Archer Daniels Midland, Barrick Mining and Nutrien are NANR's largest holdings, in that order.

Less concentrated than 79% of Thematic - Real Assets ETFs.

Half of NANR's weight sits in its 15 largest positions, and once those weights are taken into account it behaves like 35 equally weighted holdings.

Cite this

ETF Copilot, “State Street SPDR S&P North American Natural Resources ETF (NANR) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/nanr