NRES vs DRES overlap

NRES and DRES overlap 1.0% by weight, across 2 shared holdings.

NRESDRES

Pick 2 to 4 ETFs.

1.0%

overlap by weight, across 2 shared holdings

NRES1.0% of the fund is in shared holdings, of 62

DRES5.7% of the fund is in shared holdings, of 38

Top shared holdings

Holding	NRES	DRES	Overlap
Nucor Corp.NUE	0.76%	2.20%	0.76%
ConocophillipsCOP	0.28%	3.50%	0.28%

Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: NRES, SEC Form N-PORT, May 31, 2026; DRES, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 9 holding any

NRES0.0% of its 13F dollars, 20.0% of its 5 holders

DRES0.0% of its 13F dollars, 20.0% of its 5 holders

Largest institutions holding both

Firm	NRES	DRES
UBS Group AG	$3K	$3K

This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.

Who owns them: NRES institutional holders, DRES institutional holders.

Frequently asked questions

How much do NRES and DRES overlap?

1.0% by weight, with 2 holdings in common, using holdings for NRES as of May 31, 2026 and DRES as of May 31, 2026. The largest shared position is NUE.

Do institutions hold both NRES and DRES?

1 Form 13F filers report positions in both, out of 9 that report either one.

How is overlap by weight worked out?

For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.