SPDR S&P Global Natural Resources ETF (GNR) Performance
GNR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +23.4% since Dec 31, 2025
- 1 year
- +30.9% total return
- 5 years
- +10.7% a year
- 10 years
- +10.5% a year
- Since first price
- +5.7% a year since 2010
GNR trailing returns vs SPY, QQQ, AGG
| Period | GNR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.2% | +6.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.4% | +2.2% | +7.8% | +8.4% | −1.5% |
| YTD | +23.4% | +22.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +30.9% | +27.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +57.1%+16.3%/yr | +41.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +66.6%+10.7%/yr | +38.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +170.7%+10.5%/yr | +93.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +139.7%+6.0%/yr | +50.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionSep 14, 2010 | +142.7%+5.7%/yr | +50.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GNR vs SPY
From Sep 14, 2010: GNR grew to $24,266, SPY to $89,822.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GNR returns by calendar year
9 of 15 full years positive. Best 2016 (+30.9%), worst 2015 (−24.1%). 2026 is year to date.
GNR annual returns table
| Year | GNR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +23.4% | −11.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +28.7% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −8.3% | −16.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.9% | −16.9% | +26.2% | +54.9% | +5.7% |
| 2022 | +10.2% | −25.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.7% | −11.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −0.0% | −45.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +16.5% | −14.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.2% | −23.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +22.6% | −6.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +30.9% | −13.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −24.1% | −31.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −10.4% | −21.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +0.1% | −16.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +7.3% | −19.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −15.7% | −30.7% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GNR largest drawdowns
Now 5.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 5, 2011 | −51.4% | Jan 20, 2016 | Jan 7, 2021 | 4.8 years | 9.8 years |
| Apr 20, 2022 | −25.7% | Sep 26, 2022 | May 20, 2024 | 5 months | 2.1 years |
| May 20, 2024 | −21.1% | Apr 8, 2025 | Aug 22, 2025 | 11 months | 1.3 years |
| Jun 2, 2021 | −11.9% | Sep 20, 2021 | Jan 4, 2022 | 4 months | 7 months |
| Mar 2, 2026 | −11.0% | Jul 1, 2026 | Aug 10, 2026 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GNR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +13.7% | +11.6% | +10.2% | +5.4% |
| Volatility (annualized) | 16.3% | 19.5% | 19.6% | 19.6% |
| Sharpe ratio | 0.60 | 0.48 | 0.48 | 0.30 |
| Sortino ratio | 1.02 | 0.73 | 0.72 | 0.44 |
| Best month | +10.9% | +10.9% | +16.9% | +16.9% |
| Worst month | −7.4% | −15.6% | −19.0% | −19.0% |
| Best 12 months | +50.3% | +50.3% | +67.4% | +67.4% |
| Worst 12 months | −8.3% | −14.5% | −30.3% | −31.3% |
| Positive months | 61% | 57% | 58% | 55% |
| Beta vs S&P 500 | 0.30 | 0.66 | 0.86 | — |
| Correlation with S&P 500 | 0.23 | 0.53 | 0.68 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GNR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 182 | −31.3% | +2.2% | +67.4% | 58% |
| 3-year (a year) | 158 | −14.8% | +5.2% | +27.1% | 63% |
| 5-year (a year) | 134 | −10.7% | +6.2% | +15.7% | 78% |
| 10-year (a year) | 74 | −1.4% | +4.6% | +12.7% | 95% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
GNR performance overview
SPDR S&P Global Natural Resources ETF (GNR) returned +30.9% over the past year and +10.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +5.7% a year, turning $10,000 into about $24,266. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.4%, from Apr 5, 2011 to Jan 20, 2016, and it took 5.0 years to get back to the old high. GNR finished 9 of its 15 full calendar years with a gain; the best year was 2016 (+30.9%) and the worst 2015 (−24.1%). Volatility has been 19.6% a year.
Related: GNR chart, GNR holdings, GNR dividends. See the GNR overview for the latest quote and fund facts.
GNR performance FAQ
What is the GNR return over the past year?
GNR returned +30.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 27.3%.
What is the average annual return of GNR?
GNR has returned +10.7% a year over 5 years, +10.5% a year over 10 years, +5.7% a year since September 14, 2010 (total return, distributions reinvested).
How much would $10,000 invested in GNR be worth?
$10,000 invested in GNR at its first recorded close on September 14, 2010 would be worth about $24,266 on October 23, 2026 with distributions reinvested.
What was the worst year for GNR?
The worst calendar year was 2015, with a total return of −24.1%. The best was 2016 at +30.9%.
What is the biggest drawdown of GNR?
The largest peak-to-trough decline was −51.4% between April 5, 2011 and January 20, 2016. It recovered to the old high on January 7, 2021, 5.0 years after the bottom.
How volatile is GNR?
Over the past 3 years GNR had an annualized volatility of 16.3% and a Sharpe ratio of 0.60 (excess return over 1–3 month T-bills per unit of risk).