GNR vs. VAW
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and Vanguard Materials ETF (VAW).
GNR and VAW 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. VAW is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Materials 25/50 Index. It was launched on Jan 26, 2004. Both GNR and VAW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GNR or VAW.
Key characteristics
| GNR | VAW | |
|---|---|---|
| YTD Return | 5.08% | 6.86% |
| 1Y Return | 13.06% | 20.26% |
| 3Y Return (Ann) | 6.08% | 3.48% |
| 5Y Return (Ann) | 9.73% | 12.78% |
| 10Y Return (Ann) | 4.60% | 8.56% |
| Sharpe Ratio | 0.69 | 1.26 |
| Daily Std Dev | 16.33% | 15.16% |
| Max Drawdown | -51.37% | -62.17% |
| Current Drawdown | -1.45% | -1.14% |
Correlation
The correlation between GNR and VAW is 0.83, 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.
Performance
GNR vs. VAW - Performance Comparison
In the year-to-date period, GNR achieves a 5.08% return, which is significantly lower than VAW's 6.86% return. Over the past 10 years, GNR has underperformed VAW with an annualized return of 4.60%, while VAW has yielded a comparatively higher 8.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GNR vs. VAW - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is higher than VAW's 0.10% expense ratio.
Risk-Adjusted Performance
GNR vs. VAW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and Vanguard Materials ETF (VAW). 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.
Dividends
GNR vs. VAW - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 3.21%, more than VAW's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 3.21% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% | 2.59% | 2.46% |
VAW Vanguard Materials ETF | 1.61% | 1.72% | 1.98% | 1.44% | 1.67% | 1.94% | 2.03% | 1.63% | 1.67% | 2.30% | 1.76% | 1.84% |
Drawdowns
GNR vs. VAW - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, smaller than the maximum VAW drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for GNR and VAW. For additional features, visit the drawdowns tool.
Volatility
GNR vs. VAW - Volatility Comparison
SPDR S&P Global Natural Resources ETF (GNR) has a higher volatility of 4.69% compared to Vanguard Materials ETF (VAW) at 3.76%. This indicates that GNR's price experiences larger fluctuations and is considered to be riskier than VAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.