NANR vs NRES

NANRAState Street SPDR S&P North American Natural Resources ETF

NRESCXtrackers RREEF Global Natural Resources ETF

In short

NANR Natural resources without the passport: roughly 200 large and mid cap US and Canadian energy, mining and agriculture names in one basket, for 0.35% a year.

NRES DWS'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

NANR The fund seeks to track, before fees and expenses, the total return of the S&P BMI North American Natural Resources Index. It targets large- and mid-cap publicly traded U.S. and Canadian companies in energy, metals and mining, and agriculture-related natural-resources businesses.

NRES 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

• NANR At 0.35% a year, it undercuts its natural-resources peers, including IGE at 0.37% and State Street's own global version, GNR, at 0.40%.
• Three commodity engines, not one. Energy, metals and mining, and agriculture-linked businesses sit in the same basket, so it isn't a pure oil bet.
• North America only: large and mid cap US and Canadian producers, no emerging-market miners or state-linked oil majors.
• Index-tracking since 2015, and one of the stronger builds in its natural-resources cohort.

• NRES Charges 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.
• Casts 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
• Two-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.
• DWS'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

• NANR Thinly traded next to the category's giants, so spreads can be wider and big orders can move the price.
• Commodity cycles drive it. A basket parked in energy and materials swings harder than a broad market index.
• Cash comes once or twice a year, not quarterly, and the Canadian sleeve adds a currency layer.

• NRES Thinly 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.
• Concentrated and non-diversified: roughly 60 holdings in sectors that ride the commodity price cycle, which means bumpier moves than a broad global equity fund.yahoo.com
• Launched in 2024, so the live track record for this manager and this strategy is still short.

Full NANR profile⁠

Full NRES profile⁠