NANR
SPDR S&P North American Natural Resources ETF
The SPDR S&P North American Natural Resources ETF tracks an index of US and Canadian firms involved in natural resources and commodities businesses. Firms fall into one of three categories: energy, materials or agriculture.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 833.4 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 15, 2015 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL HOLDING CORP | 10.7 % |
| CHEVRON CORP | 7.3 % |
| NEWMONT MINING CORP | 3.9 % |
| FREEPORT-MCMORAN COPPER | 3.3 % |
| VYLOR INC | 3.0 % |
| AGNICO-EAGLE MINES LTD | 3.0 % |
| CONOCOPHILLIPS | 2.8 % |
| ARCHER-DANIELS-MIDLAND CO | 2.4 % |
| MARATHON PETROLEUM | 2.2 % |
| VALERO ENERGY CORP | 2.2 % |
Constituent Breakdown
| Number of holdings | 173 |
| Herfindahl-Hirschman Index | 290 |
| Wgt avg mkt cap (mns) | $140,807 |
| Large cap (>$10bn) | 78.4% |
| Mid cap ($2-10bn) | 11.0% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 93.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 67.2 % |
 |
CANADA | 24.2 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.5% | 29.7% | 21.6% | 16.5% | 16.0% | 9.4% | -- | 11.8% |
| Dividend Yield | 1.1% | 2.5% | 2.5% | 2.5% | 2.8% | 2.9% | -- | 2.8% |
| Total Returns | 24.6% | 32.2% | 24.1% | 19.0% | 18.9% | 12.3% | -- | 14.6% | Ann. Volatility | 20.3% | 20.0% | 20.3% | 19.8% | 22.7% | 23.5% | -- | 23.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 14% |
| MSCI EAFE | 0.63 | 25% |
| MSCI Emg Mkts | 0.36 | 21% |
Liquidity Measures
| Avg. volume (000) | 25 |
| ADV traded (mns) | $2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $81.41 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 1.89/1.36 |
| Bollinger Bands (Upper/Lower) | $86.75/$76.85 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NANR |
Expenses vs. NANR |
ALTAR Score™ vs. NANR |
|---|---|---|---|---|
| IGE | iShares North American Natural Resources ETF | 49.0% | +6 bp | -0.6% |
| GNR | SPDR S&P Global Natural Resources ETF | 47.6% | +5 bp | +1.6% |
| FTWO | Strive FAANG 2.0 ETF | 45.1% | +14 bp | -2.4% |
| IXC | iShares Global Energy ETF | 40.5% | +9 bp | +1.6% |
| VDE | Vanguard Energy ETF | 39.6% | -26 bp | +0.7% |
| FENY | Fidelity MSCI Energy Index ETF | 39.6% | -27 bp | +0.8% |
| IYE | iShares U.S. Energy ETF | 37.4% | +5 bp | +0.6% |
| GXPE | Global X PureCap MSCI Energy ETF | 35.3% | -10 bp | +0.4% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 35.3% | +25 bp | +2.2% |
| XLE | Energy Select Sector SPDR | 35.2% | -27 bp | +0.6% |
Risk and Returns: NANR 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 10/25/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.3%
ALTAR SCORE™
84th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 723 funds in the Global Equity category with an average
ALTAR Score™ of 4.7% and a standard deviation
of 2.6%. NANR's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places NANR in the 84th percentile
among funds in the category.
Sell-Side Consensus
$100.16
PRICE TARGET
+14.8%
UPSIDE