CCNR
ALPS CoreCommodity Natural Resources ETF
ALPS CoreCommodity Natural Resources ETF aims to provide investors with exposure to a diversified portfolio of commodities and natural resource-related securities, enhancing inflation protection and long-term capital appreciation.
Global
EQUITY
Active
MANAGEMENT STYLE
389.6 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | ALPS |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 10, 2024 |
| Assets (mns) | $390 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BOLIDEN | 2.2 % |
| LUNDIN MINING CORP | 1.8 % |
| HUDBAY MINERALS INC | 1.6 % |
| SHOALS TECHNOLOGIES GROUP, INC. CLASS A | 1.6 % |
| LIBERTY OILFIELD SERVICES INC. CLASS A | 1.3 % |
| MURPHY OIL CORP | 1.3 % |
| SOUTH32 LTD | 1.3 % |
| INPEX CORP | 1.3 % |
| SOUTHERN COPPER CORP | 1.2 % |
| SUMITOMO FORESTRY CO LTD | 1.2 % |
Constituent Breakdown
| Number of holdings | 260 |
| Herfindahl-Hirschman Index | 68 |
| Wgt avg mkt cap (mns) | $17,022 |
| Large cap (>$10bn) | 32.9% |
| Mid cap ($2-10bn) | 45.2% |
| Small cap (<$2bn) | 15.5% |
| Developed mkts. | 88.3% |
| Emerging mkts. | 6.4% |
Country Exposure
 |
UNITED STATES | 34.2 % |
 |
CANADA | 15.4 % |
 |
JAPAN | 9.1 % |
 |
AUSTRALIA | 8.3 % |
 |
NORWAY | 4.4 % |
 |
CHINA | 3.8 % |
 |
SWEDEN | 3.3 % |
 |
HONG KONG | 2.4 % |
 |
FRANCE | 2.1 % |
 |
BRITAIN | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 37.0% | 28.4% | -- | -- | -- | -- | -- | 23.4% |
| Dividend Yield | 0.0% | 0.0% | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | 37.0% | 28.4% | -- | -- | -- | -- | -- | 23.4% | Ann. Volatility | 21.7% | 21.4% | -- | -- | -- | -- | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 33% |
| MSCI EAFE | 0.23 | 3% |
| MSCI Emg Mkts | -0.34 | 4% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| Recent close | $31.74 |
| 30d moving avg. | $31.17 |
| Annualized volatility | 15.7% |
| Relative strength (RSI) | 62 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 17.8% | +7 bp | +9.6% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 16.7% | +46 bp | +6.1% |
| HAP | VanEck Natural Resources ETF | 16.4% | +11 bp | +9.0% |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 16.0% | 0 bp | +10.8% |
| NANR | SPDR S&P North American Natural Resources ETF | 14.3% | -4 bp | +8.2% |
| COPX | Global X Copper Miners ETF | 13.3% | +26 bp | +5.6% |
| GNR | SPDR S&P Global Natural Resources ETF | 13.2% | +1 bp | +10.5% |
| GMET | VanEck Green Metals ETF | 12.8% | +24 bp | +7.6% |
| COPA | Themes Copper Miners ETF | 12.7% | -4 bp | +4.4% |
| BATT | Amplify Lithium & Battery Technology ETF | 11.7% | +20 bp | +2.7% |
Risk and Returns: CCNR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
CCNR
9.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
3.1%. CCNR's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places CCNR in the 94th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CCNRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 128 |
| Avg. Expense Ratio | 70.9 bp |
| Std. Deviation | 30.5 bp |
| CCNR (39 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CCNR | 39.0 | 43.1 | 82.1 |
| Peer Avg. | 70.9 | 35.9 | 106.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .