- ISIN
- US78463X5418
- CUSIP
- 78463X541
- Issuer
- State Street
- Inception Date
- Sep 13, 2010
- Region
- Developed Markets (Broad)
- Category
- Natural Resources
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Global Natural Resources Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $5B
Share Price Chart
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Performance
GNR Performance Chart
SPDR S&P Global Natural Resources ETF (GNR) is up 15.1% since the beginning of the year. GNR is currently trading at $71 per share. Investors who bought $1,000 worth of GNR shares 5 years ago would now be looking at an investment worth $1,646.
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Returns By Period
SPDR S&P Global Natural Resources ETF (GNR) has returned 15.06% so far this year and 32.26% over the past 12 months. Over the last ten years, GNR has returned 10.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
SPDR S&P Global Natural Resources ETF
- 1D
- -1.83%
- 1M
- -4.12%
- YTD
- 15.06%
- 6M
- 17.29%
- 1Y
- 32.26%
- 3Y*
- 12.45%
- 5Y*
- 10.48%
- 10Y*
- 10.50%
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
GNR Monthly Returns History
Based on dividend-adjusted daily data since Sep 14, 2010, GNR's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +16.9%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GNR closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +14.2%, while the worst single day was Mar 9, 2020 at -13.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.67% | 10.86% | -1.16% | 0.15% | -1.64% | -2.79% | 15.06% | ||||||
| 2025 | 4.88% | 0.23% | 1.80% | -3.72% | 3.57% | 3.62% | 0.52% | 6.51% | 1.96% | -0.73% | 3.88% | 3.37% | 28.68% |
| 2024 | -5.77% | 0.15% | 8.36% | -0.52% | 3.57% | -4.86% | 1.59% | -0.12% | 1.76% | -4.09% | -0.65% | -7.00% | -8.27% |
| 2023 | 7.59% | -6.26% | -0.73% | -0.21% | -9.48% | 6.45% | 7.72% | -3.58% | -0.48% | -4.49% | 4.49% | 3.66% | 2.95% |
| 2022 | 4.24% | 3.98% | 7.33% | -4.94% | 5.36% | -15.60% | 4.03% | -0.33% | -8.42% | 10.76% | 10.59% | -3.66% | 10.20% |
| 2021 | 0.67% | 8.94% | 2.34% | 3.86% | 5.42% | -2.46% | -0.47% | -1.65% | -1.02% | 5.30% | -4.62% | 6.95% | 24.73% |
Benchmark Metrics
SPDR S&P Global Natural Resources ETF has an annualized alpha of -5.38%, beta of 0.97, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since September 14, 2010.
- This ETF participated in 111.06% of S&P 500 Index downside but only 78.12% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -5.38% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.97 and R2 of 0.59, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -5.38%
- Beta
- 0.97
- R²
- 0.59
- Upside Capture
- 78.12%
- Downside Capture
- 111.06%
Expense Ratio
GNR has an expense ratio of 0.40%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GNR ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GNR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 2.65 | +1.41 |
| Martin ratioReturn relative to average drawdown | 14.44 | 11.88 | +2.56 |
Dividends
Dividend History
SPDR S&P Global Natural Resources ETF provided a 2.58% dividend yield over the last twelve months, with an annual payout of $1.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.82 | $1.72 | $2.36 | $1.91 | $2.49 | $1.86 | $1.25 | $1.77 | $1.45 | $1.18 | $0.84 | $1.47 |
Dividend yield | 2.58% | 2.76% | 4.73% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Global Natural Resources ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 | $0.86 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $1.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.37 | $2.36 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $1.91 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $2.49 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Global Natural Resources ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Global Natural Resources ETF was 51.37%, occurring on Jan 20, 2016. Recovery took 1251 trading sessions.
The current SPDR S&P Global Natural Resources ETF drawdown is 5.78%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -51.37%Jan 2016 | 4y 9mo | 4y 11mo | 9y 9moApr 2011 - Jan 2021 |
Bear market2022 | -25.66%Sep 2022 | 5mo 8d | 1y 7mo | 2y 1moApr 2022 - May 2024 |
2025 selloff2025 | -21.15%Apr 2025 | 10mo 22d | 4mo 16d | 1y 3moMay 2024 - Aug 2025 |
2021 correction2021 | -11.88%Sep 2021 | 3mo 19d | 3mo 16d | 7mo 5dJun 2021 - Jan 2022 |
2021 pullback2021 | -8.69%Jan 2021 | 14d | 18d | 1mo 2dJan 2021 - Feb 2021 |
Drawdown Indicators
| GNR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.37% | -56.78% | +5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -9.10% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -18.90% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -25.43% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -48.59% | -33.92% | -14.67% |
Current DrawdownCurrent decline from peak | -5.78% | -2.49% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -14.92% | -10.72% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.03% | +0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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