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GNR vs. SXRS.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GNR vs. SXRS.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and iShares Diversified Commodity Swap UCITS ETF (SXRS.DE).

GNR and SXRS.DE 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. SXRS.DE is a passively managed fund by iShares that tracks the performance of the Bloomberg Commodity. It was launched on Jul 18, 2017. Both GNR and SXRS.DE 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. SXRS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Global Natural Resources ETF (GNR) and iShares Diversified Commodity Swap UCITS ETF (SXRS.DE). The values are adjusted to include any dividend payments, if applicable.

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GNR vs. SXRS.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GNR
SPDR S&P Global Natural Resources ETF		19.84%28.68%-8.27%2.95%10.20%24.73%-0.03%16.49%-16.10%
SXRS.DE
iShares Diversified Commodity Swap UCITS ETF		20.82%18.23%4.61%-7.61%14.04%28.96%-4.90%7.40%-11.70%
Different Trading Currencies

GNR is traded in USD, while SXRS.DE is traded in EUR. To make them comparable, the SXRS.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with GNR having a 19.84% return and SXRS.DE slightly higher at 20.82%.

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%

SXRS.DE

1D
-1.50%
1M
8.83%
YTD
20.82%
6M
30.47%
1Y
30.80%
3Y*
13.57%
5Y*
13.45%
10Y*
—
*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

iShares Diversified Commodity Swap UCITS ETF

Often compared with GNR:
GNR vs. REMXGNR vs. XLEGNR vs. BCIGNR vs. VAWGNR vs. SPYGNR vs. XLBGNR vs. MXI
Often compared with SXRS.DE:
SXRS.DE vs. CMOD.LSXRS.DE vs. DBCSXRS.DE vs. ETL2.DESXRS.DE vs. PCOM.DESXRS.DE vs. COMTSXRS.DE vs. EQQQ.LSXRS.DE vs. CEMS.DE

GNR vs. SXRS.DE - Expense Ratio Comparison

GNR has a 0.40% expense ratio, which is higher than SXRS.DE's 0.19% expense ratio.

GNR
SPDR S&P Global Natural Resources ETF
SXRS.DE
iShares Diversified Commodity Swap UCITS ETF

Return for Risk

GNR vs. SXRS.DE — 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
SXRS.DE
SXRS.DE Risk / Return Rank: 6666
Overall Rank
SXRS.DE Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SXRS.DE Sortino Ratio Rank: 6464
Sortino Ratio Rank
SXRS.DE Omega Ratio Rank: 6262
Omega Ratio Rank
SXRS.DE Calmar Ratio Rank: 8282
Calmar Ratio Rank
SXRS.DE Martin Ratio Rank: 5353
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. SXRS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and iShares Diversified Commodity Swap UCITS ETF (SXRS.DE). 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.

GNRSXRS.DEDifference

Sharpe ratio

Return per unit of total volatility

2.11

1.78

+0.34

Sortino ratio

Return per unit of downside risk

2.71

2.33

+0.38

Omega ratio

Gain probability vs. loss probability

1.41

1.34

+0.08

Calmar ratio

Return relative to maximum drawdown

2.98

4.04

-1.06

Martin ratio

Return relative to average drawdown

15.59

9.72

+5.87

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. SXRS.DE - Sharpe Ratio Comparison

The current GNR Sharpe Ratio is 2.11, which is comparable to the SXRS.DE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of GNR and SXRS.DE, 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

GNRSXRS.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.11

1.78

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.80

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.50

-0.24

Correlation

The correlation between GNR and SXRS.DE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GNR vs. SXRS.DE - Dividend Comparison

GNR's dividend yield for the trailing twelve months is around 2.31%, while SXRS.DE has not paid dividends to shareholders.

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%
SXRS.DE
iShares Diversified Commodity Swap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

GNR vs. SXRS.DE - Drawdown Comparison

The maximum GNR drawdown since its inception was -51.37%, which is greater than SXRS.DE's maximum drawdown of -33.05%. Use the drawdown chart below to compare losses from any high point for GNR and SXRS.DE.

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Drawdown Indicators

GNRSXRS.DEDifference

Max Drawdown

Largest peak-to-trough decline

-51.37%

-27.64%

-23.73%

Max Drawdown (1Y)

Largest decline over 1 year

-14.80%

-12.03%

-2.77%

Max Drawdown (5Y)

Largest decline over 5 years

-25.66%

-27.56%

+1.90%

Max Drawdown (10Y)

Largest decline over 10 years

-48.59%

—

—

Current Drawdown

Current decline from peak

-1.86%

-1.92%

+0.06%

Average Drawdown

Average peak-to-trough decline

-15.10%

-13.33%

-1.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

4.09%

-1.26%

Volatility

GNR vs. SXRS.DE - Volatility Comparison

The current volatility for SPDR S&P Global Natural Resources ETF (GNR) is 5.51%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 7.84%. This indicates that GNR experiences smaller price fluctuations and is considered to be less risky than SXRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GNRSXRS.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.51%

7.84%

-2.33%

Volatility (6M)

Calculated over the trailing 6-month period

13.76%

13.56%

+0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

20.70%

17.26%

+3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.35%

16.73%

+3.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.01%

15.60%

+6.41%