NRES vs SPY
Xtrackers RREEF Global Natural Resources ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NRES or SPY?
Each has led over a different period.
SPY has a lower expense ratio. NRES led over 1Y, SPY over the full window. NRES is less concentrated, with 37.4% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NRES | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $38M | $804.7B |
| Dividend Yield | 2.30% | 0.98% |
| Holdings | 61 | 505 |
| YTD Return | +20.87%Best | +11.45% |
| 1Y Return | +34.60%Best | +15.87% |
| 3Y Return (annualized) | - | +20.93% |
| 5Y Return (annualized) | - | +12.59% |
| Volatility (annualized) | 16.5% | 12.1%Best |
| Max Drawdown | -21.5% | -18.8%Best |
| $10,000 over 2.5 years | $15,222 | $15,264Best |
| Top 10 Weight | 37.4%Best | 37.8% |
| Fund Family | Xtrackers ETFs | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Feb 27, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Feb 27, 2024 to Sep 15, 2026 (2.5 years).
NRES vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
NRES vs SPY Performance
Xtrackers RREEF Global Natural Resources ETF (NRES) is an ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NRES returned +34.60% while SPY returned +15.87%. Year to date, NRES is up 20.87% versus a gain of 11.45% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NRES has been the more volatile fund, with annualized monthly volatility of 16.5% compared with 12.1% 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.16. They move largely independently of each other.
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 2.30% against 0.98% for SPY.
Holdings Overlap
35.1% of NRES's money is in holdings SPY also owns. 3.2% of SPY's money is in holdings NRES also owns.
The two portfolios partly overlap.
22 positions in common, counted across the 57 positions we hold weights for in NRES and 504 in SPY, against full books of 61 and 505.
What only one of them owns
Our book lists 475 positions for SPY that do not appear in our book for NRES (96.1% of the fund), and 8 for NRES that do not appear in SPY (13.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NRES | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 3.80% | 1.04% | 2.76% |
| NEMNewmont Corp Common | 4.24% | 0.20% | 4.04% |
| CVXChevron Corp | 3.13% | 0.60% | 2.53% |
| CTVACorteva Inc Ctva | 3.03% | 0.09% | 2.94% |
| STLDSteel Dynamics, Inc. | 2.61% | 0.05% | 2.56% |
| PKGPackaging Corp. Of America | 1.97% | 0.03% | 1.94% |
| ADMArcher-Daniels-Midland Co. | 1.92% | 0.06% | 1.86% |
| BALLBall Corp | 1.74% | 0.03% | 1.71% |
| ALBAlbemarle Corp. | 1.64% | 0.02% | 1.62% |
| MPCMarathon Petroleum Corp | 1.18% | 0.17% | 1.01% |
35.1% of NRES is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $36 a year on a $10,000 investment.
Which performed better, NRES or SPY?
Over the past year NRES returned +34.60% vs +15.87% for SPY, so NRES leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NRES or SPY?
NRES has been the more volatile fund at 16.5% annualized versus 12.1% for SPY. Worst drawdown: NRES -21.5% vs SPY -18.8%.
Should I hold both NRES and SPY?
NRES and SPY have a monthly-return correlation of 0.16, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NRES and SPY?
35.1% of NRES's money is in holdings SPY also owns. 3.2% of SPY's is in holdings NRES also owns. They hold 22 positions in common, counted across the 57 positions we hold weights for in NRES and 504 in SPY.
Which pays a higher dividend, NRES or SPY?
NRES yields 2.30% while SPY yields 0.98%, so NRES currently pays the higher dividend yield.
Is SPY better than NRES?
SPY has a lower expense ratio. NRES led over 1Y, SPY over the full window. NRES is less concentrated, with 37.4% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.