NRES vs SPY
Xtrackers RREEF Global Natural Resources ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. NRES delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NRES | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $36M | $821.1B | |
| Dividend Yield | 2.48% | 1.01% | |
| Holdings | 58 | 505 | |
| YTD Return | +21.11% | +12.22% | |
| 1Y Return | +41.84% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 16.6% | 15.3% | |
| Max Drawdown | -21.5% | -56.5% | |
| Fund Family | Xtrackers ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Feb 27, 2024 | Jan 22, 1993 |
NRES vs SPY Performance
Xtrackers RREEF Global Natural Resources ETF (NRES) is a ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NRES returned +41.84% while SPY returned +20.83%. Year to date, NRES is up 21.11% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
NRES has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -21.5% for NRES and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NRES charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, NRES currently yields 2.48% against 1.01% for SPY.
Holdings Overlap
NRES and SPY share 23 holdings out of 537 unique holdings combined, representing a 2.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NRES or SPY?
NRES has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, NRES or SPY?
Over the past year NRES returned +41.84% vs +20.83% for SPY, so NRES leads on 1-year performance. Over the longest common window we track (3 years), NRES annualized +18.97% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NRES or SPY?
NRES has been the more volatile fund at 16.6% annualized versus 15.3% for SPY. Worst drawdown: NRES -21.5% vs SPY -56.5%.
Should I hold both NRES and SPY?
NRES and SPY have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NRES and SPY?
NRES and SPY share 23 common holdings with a 2.9% weight overlap. Combined, they hold 537 unique securities.
Which pays a higher dividend, NRES or SPY?
NRES yields 2.48% while SPY yields 1.01%, so NRES currently pays the higher dividend yield.
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