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NRES

GradeCNASDAQ Global Market

Xtrackers RREEF Global Natural Resources ETF

Sectors · Xtrackers · Inception 2024-02-27

$34.48−0.34 (−0.98%)

As of Sep 23, 2026, 1:11 PM EDT

History starts Feb 27, 2024.
Intraday session: down, 6 prints from 34.82 to 34.48. Range 34.48 to 34.64. Use the arrow keys to read each point.$34.50$34.55$34.60$34.6510 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$36M
1Y return
+31.6%
Yield · Last 12 months
2.10%
Holdings
59
Volume · 30D
0M sh
NAV per share
$34.59
52W range
low $26.69high $36.43

The ETF.net NRES Grade

C

43/ 100

Rank 8 of 14 in Natural Resources

Confidence Medium

Six-pillar profile for NRES. Scores out of 100: Cost 50, Risk 42, Mission 71, Tradability 14, Holdings 70, Durability 42. Strongest: Mission (71). Weakest: Tradability (14). Leans toward Mission and Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 50
    Category rank8/14 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 71
    Category rank4/6 · mid-pack
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 42
    Category rank11/14 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 14
    Category rank13/14 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank5/14 · top 36%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank10/14 · mid-pack

Graded as of Sep 22, 2026

Our read on NRES

ETF.net Research

CDWS's first US active ETF, and it swings at the unglamorous stuff: a global, go-anywhere basket of miners, drillers, growers and forestry names hand-picked by the firm's real assets desk, priced at 0.45% a year.

Stated mandate

The fund seeks total return through capital appreciation and current income. It is actively managed and does not seek to replicate a specific index.

Why people hold it

  1. 01Charges 0.45% a year, below the typical active equity ETF fee in its peer group, for a portfolio that is genuinely hand-picked rather than index-tracked.
  2. 02Casts a wide net across metals, energy, agriculture and paper and forestry, in developed and emerging markets, up and down the market-cap scale.etfstrategy.com
  3. 03Two-handed mandate: total return from capital appreciation and current income, with cash paid quarterly. The income leg is written into the objective, not bolted on.
  4. 04DWS's Liquid Real Assets team sets the subsector mix, and the portfolio managers pick the individual names within it. A clear division of labor, not a black box.etftrends.com

Worth knowing

  1. 01Thinly traded with a small asset base, so bid-ask spreads tend to be wider and less predictable than in the big index funds sitting next to it.
  2. 02Concentrated and non-diversified: roughly 60 holdings in sectors that ride the commodity price cycle, which means bumpier moves than a broad global equity fund.finance.yahoo.com
  3. 03Launched in 2024, so the live track record for this manager and this strategy is still short.

NRES Holdings

As of Sep 21, 2026, 3:58 PM
Asset class
Other
Holdings
59
Top-10 weight
37%
Largest holding
SHEL.L6.0%

Sectors

  • Materials47.3%
  • Energy32.6%
  • Consumer Discr.11.7%
  • Cons. Staples5.9%
  • Health Care1.8%
  • Real Estate0.9%

Geography

  • United States43.74%
  • Canada21.84%
  • United Kingdom10.84%
  • Switzerland3.34%
  • Brazil3.20%
  • Finland3.17%
  • South Africa3.08%
  • Ireland2.78%
  • Other countries (7)8.02%

Developed 86% · Emerging 14% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHEL.LShell PLC5.97%46,158$2M159
002NTR.TONutrien Ltd5.83%27,652$2M89
003NEMNewmont Mining Corp4.34%12,839$2M428
004XOMEXXONMOBIL HLDGS CORP NPV3.92%8,760$1M501
005GLEN.LGlencore PLC3.33%163,394$1M127
006CVXChevron Corp3.21%5,598$1M468
007ANG.JOAnglogold Ashanti PLC2.83%10,027$1M121
008SWR.LSmurfit Westrock PLC2.77%22,869$1M94
009CTVACorteva Inc.2.59%11,756$947K304
010STLDSteel Dynamics Inc2.57%3,991$939K316
011TECK-B.TOTeck Resources Ltd-CLS B2.46%13,754$900K63
012STERV.HEStora Enso OYJ-R SHS2.24%68,468$820K89
013SUZSuzano Sa - Spon ADR2.17%85,268$792K18
014GFIGOLD FIELDS LTD-SPONS ADR2.14%18,394$782K51
015PKGPackaging Corp of America2.03%3,191$743K280

Showing 1–15 of 60 holdings

NRES Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NRES$13,160
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NRES $13,160. SPY $11,723. Use the arrow keys to read each point.$9,196$11,629$14,063Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NRES. Periods over one year show the average yearly return.
PeriodNRES
Year to date+20.7%
1 month−4.1%
3 months+9.8%
1 year+31.6%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NRES
YearReturn barNRES
2026 YTD+20.7%
2025+27.1%
2024−2.8%

Since listing, Feb 27, 2024

NRES in the news

ETF.net Research hasn’t filed on NRES yet — coverage lands here as it’s written.

NRES Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.10%Last 12 months
Payout per share
$0.73Last 12 months
Upcoming payment
$0.11 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 12 payments from 2024 to 2026 YTD. Mar 15, 2024 $0.06; Jun 21, 2024 $0.22; Sep 20, 2024 $0.10; Dec 6, 2024 $0.23; Dec 20, 2024 $0.15; Mar 21, 2025 $0.11; Jun 20, 2025 $0.20; Sep 19, 2025 $0.20; Dec 19, 2025 $0.26; Mar 20, 2026 $0.11; Jun 18, 2026 $0.24; Sep 18, 2026 $0.11. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Pays Sep 25, 2026$0.11
Jun 18, 2026Jun 26, 2026$0.24
Mar 20, 2026Mar 27, 2026$0.11
Dec 19, 2025Dec 29, 2025$0.26
Sep 19, 2025Sep 26, 2025$0.20
Jun 20, 2025Jun 27, 2025$0.20
Mar 21, 2025Mar 28, 2025$0.11
Dec 20, 2024Dec 30, 2024$0.15
Dec 6, 2024Dec 13, 2024$0.23
Sep 20, 2024Sep 27, 2024$0.10
Jun 21, 2024Jun 28, 2024$0.22
Mar 15, 2024Mar 22, 2024$0.06

NRES Risk

How much the fund’s monthly returns vary, scaled to a year.
16.9%
Annualised · 30 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.83
vs 3-month T-bills · 30 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.2%
30 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NRES Cost

Expense ratio0.45%
  • The middle half of Natural Resources funds
  • Median 0.46%

6 of the 14 Natural Resources funds charge less.

NRES costs $45.00 a year on $10,000. The median Natural Resources fund costs $46.00.