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
578.3 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 15, 2015 |
| Assets (mns) | $578 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 10.1 % |
| CHEVRON CORP | 6.4 % |
| FREEPORT-MCMORAN COPPER | 4.7 % |
| NEWMONT MINING CORP | 4.6 % |
| CONOCOPHILLIPS | 3.1 % |
| AGNICO-EAGLE MINES LTD | 3.0 % |
| NUCOR CORP | 2.6 % |
| BARRICK GOLD CORPORATION | 2.5 % |
| CORTEVA INC | 2.5 % |
| SILVER WHEATON CORP | 1.9 % |
Constituent Breakdown
| Number of holdings | 140 |
| Herfindahl-Hirschman Index | 278 |
| Wgt avg mkt cap (mns) | $107,278 |
| Large cap (>$10bn) | 97.7% |
| Mid cap ($2-10bn) | 2.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 70.3 % |
 |
CANADA | 23.9 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.0% | -2.3% | 5.8% | 11.2% | 12.9% | -- | 11.1% | Volatility | 18.4% | 18.6% | 24.3% | 24.6% | 27.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 31% |
| MSCI EAFE | 0.81 | 38% |
| MSCI Emg Mkts | 0.61 | 21% |
Liquidity Measures
| Avg. volume (000) | 14 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $9,523 |
Technical Indicators
| Recent close | $57.26 |
| 30d moving avg. | $55.13 |
| Annualized volatility | 23.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
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. NANR |
Expenses vs. NANR |
ALTAR Score™ vs. NANR |
|---|---|---|---|---|
| IGE | iShares North American Natural Resources ETF | 47.7% | +6 bp | -0.6% |
| GNR | SPDR S&P Global Natural Resources ETF | 45.8% | +5 bp | +2.3% |
| FTWO | Strive FAANG 2.0 ETF | 42.7% | +14 bp | -2.9% |
| IXC | iShares Global Energy ETF | 38.2% | +9 bp | +1.9% |
| FENY | Fidelity MSCI Energy Index ETF | 38.2% | -27 bp | -0.2% |
| VDE | Vanguard Energy ETF | 38.2% | -25 bp | -0.3% |
| FILL | iShares MSCI Global Energy Producers ETF | 38.0% | +4 bp | +3.1% |
| IYE | iShares U.S. Energy ETF | 36.0% | +5 bp | -0.3% |
| XLE | Energy Select Sector SPDR Fund | 33.2% | -26 bp | +0.3% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 33.1% | +11 bp | +1.9% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/23/2024
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
NANR
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
NANR
7.4%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. NANR's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places NANR in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NANRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| NANR (35 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NANR | 35.0 | 9.9 | 44.9 |
| Peer Avg. | 57.0 | 39.6 | 96.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .