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GNR vs. FTRI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GNR vs. FTRI

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and First Trust Indxx Global Natural Resources Income ETF (FTRI).

GNR and FTRI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNR is a passively managed fund by State Street that tracks the performance of the S&P Global Natural Resources Index. It was launched on Sep 13, 2010. FTRI is a passively managed fund by First Trust that tracks the performance of the Indxx Global Natural Resources Income Index. It was launched on Mar 11, 2010. Both GNR and FTRI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GNR vs. FTRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Natural Resources ETF (GNR) and First Trust Indxx Global Natural Resources Income ETF (FTRI). The values are adjusted to include any dividend payments, if applicable.

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GNR vs. FTRI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GNR
SPDR S&P Global Natural Resources ETF		19.84%28.68%-8.27%2.95%10.20%24.73%-0.03%16.49%-13.19%22.64%
FTRI
First Trust Indxx Global Natural Resources Income ETF		15.22%33.62%-3.93%1.53%7.49%25.29%-0.79%21.97%-8.34%11.77%

Returns By Period

In the year-to-date period, GNR achieves a 19.84% return, which is significantly higher than FTRI's 15.22% return. Both investments have delivered pretty close results over the past 10 years, with GNR having a 11.63% annualized return and FTRI not far behind at 11.56%.

GNR

1D
-0.27%
1M
-1.86%
YTD
19.84%
6M
27.71%
1Y
43.54%
3Y*
13.30%
5Y*
11.99%
10Y*
11.63%

FTRI

1D
0.75%
1M
-5.54%
YTD
15.22%
6M
21.02%
1Y
38.78%
3Y*
15.31%
5Y*
11.97%
10Y*
11.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Global Natural Resources ETF

First Trust Indxx Global Natural Resources Income ETF

Often compared with GNR:
GNR vs. REMXGNR vs. XLEGNR vs. BCIGNR vs. VAWGNR vs. SPYGNR vs. XLBGNR vs. MXI
Often compared with FTRI:
FTRI vs. COPXFTRI vs. SPYFTRI vs. NANRFTRI vs. NDIVFTRI vs. XLBFTRI vs. DYNFFTRI vs. XLE

GNR vs. FTRI - Expense Ratio Comparison

GNR has a 0.40% expense ratio, which is lower than FTRI's 0.70% expense ratio.

FTRI
First Trust Indxx Global Natural Resources Income ETF
GNR
SPDR S&P Global Natural Resources ETF

Return for Risk

GNR vs. FTRI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GNR
GNR Risk / Return Rank: 9191
Overall Rank
GNR Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
GNR Sortino Ratio Rank: 9191
Sortino Ratio Rank
GNR Omega Ratio Rank: 9292
Omega Ratio Rank
GNR Calmar Ratio Rank: 8989
Calmar Ratio Rank
GNR Martin Ratio Rank: 9595
Martin Ratio Rank
FTRI
FTRI Risk / Return Rank: 8888
Overall Rank
FTRI Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FTRI Sortino Ratio Rank: 8787
Sortino Ratio Rank
FTRI Omega Ratio Rank: 8686
Omega Ratio Rank
FTRI Calmar Ratio Rank: 8787
Calmar Ratio Rank
FTRI Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GNR vs. FTRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and First Trust Indxx Global Natural Resources Income ETF (FTRI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

GNRFTRIDifference

Sharpe ratio

Return per unit of total volatility

2.11

1.90

+0.21

Sortino ratio

Return per unit of downside risk

2.71

2.43

+0.28

Omega ratio

Gain probability vs. loss probability

1.41

1.36

+0.06

Calmar ratio

Return relative to maximum drawdown

2.98

2.93

+0.05

Martin ratio

Return relative to average drawdown

15.59

12.73

+2.86

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GNR vs. FTRI - Sharpe Ratio Comparison

The current GNR Sharpe Ratio is 2.11, which is comparable to the FTRI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of GNR and FTRI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GNRFTRIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.11

1.90

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.57

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.52

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.51

-0.24

Correlation

The correlation between GNR and FTRI is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GNR vs. FTRI - Dividend Comparison

GNR's dividend yield for the trailing twelve months is around 2.31%, more than FTRI's 2.25% yield.

TTM20252024202320222021202020192018201720162015
GNR
SPDR S&P Global Natural Resources ETF		2.31%2.76%4.73%3.37%4.37%3.44%2.78%3.84%3.51%2.40%2.06%4.59%
FTRI
First Trust Indxx Global Natural Resources Income ETF		2.25%2.35%4.29%6.56%8.37%6.58%3.64%6.25%4.24%3.60%2.96%0.89%

Drawdowns

GNR vs. FTRI - Drawdown Comparison

The maximum GNR drawdown since its inception was -51.37%, which is greater than FTRI's maximum drawdown of -43.82%. Use the drawdown chart below to compare losses from any high point for GNR and FTRI.

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Drawdown Indicators

GNRFTRIDifference

Max Drawdown

Largest peak-to-trough decline

-51.37%

-43.82%

-7.55%

Max Drawdown (1Y)

Largest decline over 1 year

-14.80%

-13.35%

-1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-25.66%

-27.51%

+1.85%

Max Drawdown (10Y)

Largest decline over 10 years

-48.59%

-43.82%

-4.77%

Current Drawdown

Current decline from peak

-1.86%

-5.54%

+3.68%

Average Drawdown

Average peak-to-trough decline

-15.10%

-8.49%

-6.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.10%

-0.27%

Volatility

GNR vs. FTRI - Volatility Comparison

The current volatility for SPDR S&P Global Natural Resources ETF (GNR) is 5.51%, while First Trust Indxx Global Natural Resources Income ETF (FTRI) has a volatility of 6.29%. This indicates that GNR experiences smaller price fluctuations and is considered to be less risky than FTRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GNRFTRIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.51%

6.29%

-0.78%

Volatility (6M)

Calculated over the trailing 6-month period

13.76%

14.48%

-0.72%

Volatility (1Y)

Calculated over the trailing 1-year period

20.70%

20.49%

+0.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.35%

20.92%

-0.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.01%

22.32%

-0.31%