State Street® SPDR® S&P® North American Natural Resources ETF
6.4

State Street® SPDR® S&P® North American Natural Resources ETF

About

State Street® SPDR® S&P® North American Natural Resources ETF (US78463X1524) is a US-listed physically replicated commodity ETF tracking the S&P BMI North American Natural Resources Index. With a expense ratio of 0.35%, it is moderately priced, paying distributions. The fund holds 216 positions across 1 region with 711M in assets, with heavy concentration — 64% in United States, 35% in Energy, launched in 2015. Over the past year, the fund returned 56.1%. We rate this fund 6.4/10.

6.4
  • 21%Tracking Difference10.0
  • TD Consistency—
  • 9%Expense Ratio3.3
  • 11.25%Holding Count5.5
  • 22.5%Country Concentration4.8
  • 11.25%Sector Concentration4.7
  • 25%Assets Under Management7.2

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice. Last updated: Jul 14, 2026

Ticker NANR
ISIN
Fund Size $710.9M
Issuer SPDR
Distribution Pays Distributions
Replication Physical
Inception Dec 2015
Base Currency USD
Index S&P BMI North American Natural Resources Index
Asset Class Commodities

Costs

8.0
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.35%
 
Metric Value
Expense Ratio 0.35%

Cumulative Returns

Performance across different time periods.
1 Month-0.36%
3 Months-0.10%
Year to Date+22.20%
1 Year+56.11%
3 Years+21.86%
5 Years+16.55%
Inception+14.90%
 
Period Cumulative Return
1 Month -0.36%
3 Months -0.10%
6 Months +0.07%
1 Year +56.11%
3 Years +21.86%
5 Years +16.55%
10 Years +12.62%
YTD +22.20%
Since Inception +14.90%

Holdings

5.5
This fund holds 216 individual investments, offering moderate diversification compared to other ETFs.
 
Holding Weight
EXXONMOBIL HOLDINGS CORPORATION 10.06%
Chevron Corp 6.53%
Corteva Inc 3.77%
Newmont Corp 3.64%
Freeport-McMoRan Inc 3.05%
AGNICO EAGLE MINES LTD 2.74%
ConocoPhillips 2.62%
Archer-Daniels-Midland Co 2.45%
BARRICK MINING CORP 2.22%
NUTRIEN LTD 2.03%
WHEATON PRECIOUS METALS CORP 1.82%
Nucor Corp 1.77%
CANADIAN NATURAL RESOURCES 1.70%

Sectors

4.7
This fund is concentrated in just a few of its 5 sectors, reducing diversification.
 
Sector Weight
Unknown 35.92%
Energy 35.47%
Materials 23.66%
Consumer Staples 3.46%
Real Estate 1.49%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 64.08%
UNKNOWN 35.92%

Nerd Stuff

Advanced risk and return metrics (17 July 2023 — 7 July 2026).
19.5%
Volatility
-19.4%
Max Drawdown
0.59
Sharpe Ratio
0.80
Sortino Ratio
0.59
Calmar Ratio
0.24
Beta
6.75%
Alpha (Jensen's)
0.039
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Fact Sheet
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