GNR vs CMF
Comparison between STATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF (GNR, ETF) and ISHARES CALIFORNIA MUNI BOND ETF (CMF, ETF).
5-Year PerformanceGNR has outperformed CMF, delivering a return of +11.1% compared to +0.5%
GNR vs CMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GNR vs CMF - Historical Returns
Returns include dividend reinvestment.
GNR vs CMF - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GNR | CMF |
|---|---|---|
| 2026 | +18.44% | +0.54% |
| 2025 | +27.73% | +3.22% |
| 2024 | -8.14% | +1.78% |
| 2023 | +4.58% | +5.24% |
| 2022 | +9.62% | -8.18% |
| 2021 | +22.45% | +0.77% |
| 2020 | -0.55% | +4.50% |
| 2019 | +16.23% | +7.01% |
| 2018 | -14.76% | +0.92% |
| 2017 | +20.86% | +4.69% |
| 2016 | +32.40% | -0.37% |
| 2015 | -23.94% | +3.00% |
| 2014 | -9.59% | +10.66% |
| 2013 | -2.13% | -3.23% |
| 2012 | +3.00% | +7.34% |
| 2011 | -16.37% | +15.75% |
| 2010 | +17.90% | -2.55% |
| 2009 | N/A | +8.14% |
| 2008 | N/A | +0.64% |
| 2007 | N/A | +1.37% |
GNR vs CMF Drawdown Comparison
The maximum drawdown for GNR was -51.38%, occurring on Jan 20, 2016. Recovery took 2456 trading sessions.
The maximum drawdown for CMF was -16.45%, occurring on Jun 10, 2015. Recovery took 1295 trading sessions.
The current GNR drawdown is -1.28%. The current CMF drawdown is -1.26%.
| Rank | GNR | CMF |
|---|---|---|
| #1 | -51.38% Apr 5, 2011 - Jan 7, 2021 | -16.45% Dec 26, 2014 - Feb 20, 2020 |
| #2 | -25.66% Apr 20, 2022 - May 20, 2024 | -14.57% Mar 9, 2020 - Jul 16, 2020 |
| #3 | -21.06% May 20, 2024 - Jul 23, 2025 | -13.25% May 21, 2008 - Jan 7, 2009 |
| #4 | -11.88% Jun 2, 2021 - Jan 4, 2022 | -12.46% Aug 3, 2021 - Sep 18, 2025 |
| #5 | -11.00% Mar 2, 2026 - Jul 1, 2026 | -11.65% Sep 1, 2010 - Aug 2, 2011 |
| #6 | -8.69% Jan 14, 2021 - Feb 16, 2021 | -10.57% Nov 30, 2012 - Apr 10, 2014 |
| #7 | -8.17% Mar 3, 2011 - Apr 1, 2011 | -5.15% Jan 22, 2008 - May 21, 2008 |
| #8 | -6.68% Nov 5, 2010 - Dec 13, 2010 | -4.75% Apr 27, 2009 - Aug 17, 2009 |
| #9 | -6.42% Mar 12, 2021 - Apr 26, 2021 | -4.19% Sep 24, 2009 - Apr 27, 2010 |
| #10 | -5.06% Jan 19, 2022 - Feb 7, 2022 | -3.80% Apr 18, 2012 - Sep 28, 2012 |
| #11 | -4.93% Jul 23, 2025 - Aug 22, 2025 | -3.05% Jan 14, 2009 - Feb 9, 2009 |
| #12 | -4.50% Nov 12, 2025 - Nov 28, 2025 | -2.91% Feb 27, 2026 - Mar 24, 2026 |
| #13 | -4.45% Feb 16, 2022 - Mar 10, 2022 | -2.89% Sep 22, 2011 - Dec 8, 2011 |
| #14 | -4.34% Feb 24, 2021 - Mar 10, 2021 | -2.72% Feb 11, 2009 - Mar 24, 2009 |
| #15 | -4.07% Mar 10, 2022 - Mar 18, 2022 | -2.18% Feb 12, 2021 - Jun 11, 2021 |
Correlation
Correlation between GNR and CMF is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2007 - 2026)
GNR vs CMF dividend yield comparison.
| Year | GNR | CMF |
|---|---|---|
| 2026 | 1.16% | 1.73% |
| 2025 | 2.76% | 2.94% |
| 2024 | 4.73% | 2.78% |
| 2023 | 3.37% | 2.29% |
| 2022 | 4.37% | 1.91% |
| 2021 | 3.44% | 1.58% |
| 2020 | 2.78% | 1.80% |
| 2019 | 3.84% | 2.03% |
| 2018 | 3.51% | 2.17% |
| 2017 | 2.40% | 2.09% |
| 2016 | 2.06% | 2.21% |
| 2015 | 4.59% | 2.55% |
| 2014 | 2.59% | 2.80% |
| 2013 | 2.46% | 3.12% |
| 2012 | 1.89% | 3.08% |
| 2011 | 1.90% | 3.66% |
| 2010 | 0.21% | 4.19% |
| 2009 | 0.00% | 3.77% |
| 2008 | 0.00% | 3.52% |
| 2007 | 0.00% | 0.82% |
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