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
$ 779.6 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 15, 2015 |
| Regulation | Open-End Investment Company |
| 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 CORP | 11.1 % |
| CHEVRON CORP | 7.9 % |
| NEWMONT MINING CORP | 3.6 % |
| CONOCOPHILLIPS | 3.2 % |
| AGNICO-EAGLE MINES LTD | 3.2 % |
| CORTEVA INC | 3.0 % |
| FREEPORT-MCMORAN COPPER | 2.5 % |
| NUTRIEN LTD. | 2.3 % |
| BARRICK MINING CORP | 2.3 % |
| CANADIAN NATURAL RESOURCES | 2.1 % |
Constituent Breakdown
| Number of holdings | 162 |
| Herfindahl-Hirschman Index | 272 |
| Wgt avg mkt cap (mns) | $103,016 |
| Large cap (>$10bn) | 74.9% |
| Mid cap ($2-10bn) | 13.1% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 89.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 64.4 % |
 |
CANADA | 24.8 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 25.9% | 58.3% | 32.4% | 17.3% | 18.3% | 12.3% | -- | 12.7% |
| Dividend Yield | 0.0% | 3.2% | 2.7% | 2.7% | 2.9% | 3.0% | -- | 2.9% |
| Total Returns | 25.9% | 61.5% | 35.1% | 20.1% | 21.2% | 15.3% | -- | 15.6% | Ann. Volatility | 25.4% | 22.9% | 20.2% | 20.0% | 23.2% | 23.8% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 44% |
| MSCI EAFE | 0.94 | 46% |
| MSCI Emg Mkts | 0.84 | 44% |
Liquidity Measures
| Avg. volume (000) | 131 |
| ADV traded (mns) | $11 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $81.05 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.95/1.48 |
| Bollinger Bands (Upper/Lower) | $85.43/$80.22 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 49.5% | +6 bp | -0.5% |
| GNR | SPDR S&P Global Natural Resources ETF | 45.4% | +5 bp | +1.8% |
| FTWO | Strive FAANG 2.0 ETF | 42.5% | +14 bp | -2.4% |
| IXC | iShares Global Energy ETF | 42.5% | +9 bp | +1.2% |
| VDE | Vanguard Energy ETF | 40.8% | -26 bp | +0.6% |
| FENY | Fidelity MSCI Energy Index ETF | 40.7% | -27 bp | +0.7% |
| IYE | iShares U.S. Energy ETF | 38.7% | +5 bp | +0.5% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 36.7% | +11 bp | +0.9% |
| XLE | Energy Select Sector SPDR | 36.4% | -27 bp | +0.6% |
| GXPE | Global X PureCap MSCI Energy ETF | 36.1% | -10 bp | +0.4% |
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 3/15/2026
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
6.4%
ALTAR SCORE™
75th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 567 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. NANR's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places NANR in the 75th percentile
among funds in the category.
Sell-Side Consensus
$85.93
PRICE TARGET
+5.5%
UPSIDE