GNR vs. VGPMX
Compare and contrast key facts about SPDR S&P Global Natural Resources ETF (GNR) and Vanguard Global Capital Cycles Fund (VGPMX).
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. VGPMX is managed by Vanguard. It was launched on May 23, 1984.
Performance
GNR vs. VGPMX - Performance Comparison
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GNR vs. VGPMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 20.16% | 28.68% | -8.27% | 2.95% | 10.20% | 24.73% | -0.03% | 16.49% | -13.19% | 22.64% |
VGPMX Vanguard Global Capital Cycles Fund | 4.53% | 65.96% | 5.78% | 10.06% | 7.34% | 19.50% | 17.21% | 20.67% | -32.26% | 13.75% |
Returns By Period
In the year-to-date period, GNR achieves a 20.16% return, which is significantly higher than VGPMX's 4.53% return. Over the past 10 years, GNR has underperformed VGPMX with an annualized return of 11.66%, while VGPMX has yielded a comparatively higher 12.39% annualized return.
GNR
- 1D
- 2.19%
- 1M
- -1.16%
- YTD
- 20.16%
- 6M
- 28.10%
- 1Y
- 44.49%
- 3Y*
- 13.40%
- 5Y*
- 12.05%
- 10Y*
- 11.66%
VGPMX
- 1D
- -0.02%
- 1M
- -10.69%
- YTD
- 4.53%
- 6M
- 17.55%
- 1Y
- 57.21%
- 3Y*
- 24.25%
- 5Y*
- 19.13%
- 10Y*
- 12.39%
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GNR vs. VGPMX - Expense Ratio Comparison
GNR has a 0.40% expense ratio, which is higher than VGPMX's 0.36% expense ratio.
Return for Risk
GNR vs. VGPMX — Risk / Return Rank
GNR
VGPMX
GNR vs. VGPMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Natural Resources ETF (GNR) and Vanguard Global Capital Cycles Fund (VGPMX). 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.
| GNR | VGPMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 2.94 | -0.78 |
Sortino ratioReturn per unit of downside risk | 2.75 | 3.51 | -0.76 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.56 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.98 | 4.24 | -1.26 |
Martin ratioReturn relative to average drawdown | 15.63 | 17.59 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GNR | VGPMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.94 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.12 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.25 | +0.01 |
Correlation
The correlation between GNR and VGPMX is 0.75, 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. VGPMX - Dividend Comparison
GNR's dividend yield for the trailing twelve months is around 2.30%, less than VGPMX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNR SPDR S&P Global Natural Resources ETF | 2.30% | 2.76% | 4.73% | 3.37% | 4.37% | 3.44% | 2.78% | 3.84% | 3.51% | 2.40% | 2.06% | 4.59% |
VGPMX Vanguard Global Capital Cycles Fund | 3.73% | 2.59% | 2.68% | 3.22% | 3.27% | 3.26% | 2.03% | 2.39% | 3.02% | 0.02% | 1.72% | 2.32% |
Drawdowns
GNR vs. VGPMX - Drawdown Comparison
The maximum GNR drawdown since its inception was -51.37%, smaller than the maximum VGPMX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for GNR and VGPMX.
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Drawdown Indicators
| GNR | VGPMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.37% | -78.85% | +27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.80% | -12.80% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -25.66% | -22.71% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -48.59% | -54.59% | +6.00% |
Current DrawdownCurrent decline from peak | -1.59% | -10.73% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -15.10% | -34.69% | +19.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.09% | -0.26% |
Volatility
GNR vs. VGPMX - Volatility Comparison
The current volatility for SPDR S&P Global Natural Resources ETF (GNR) is 6.47%, while Vanguard Global Capital Cycles Fund (VGPMX) has a volatility of 7.56%. This indicates that GNR experiences smaller price fluctuations and is considered to be less risky than VGPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNR | VGPMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 7.56% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 13.14% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 19.28% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 17.15% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 21.65% | +0.36% |