GUNR vs COPX
Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and GLOBAL X COPPER MINERS ETF (COPX, ETF).
5-Year PerformanceCOPX has outperformed GUNR, delivering a return of +26.2% compared to +13.6%
GUNR vs COPX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GUNR
$7.20B
Winner
COPX
$7.30B
Expense Ratio
Winner
GUNR
0.46%
COPX
0.65%
Max Drawdown
Winner
GUNR
49.68%
COPX
85.41%
Sharpe Ratio
Winner
GUNR
1.96
COPX
1.75
5Y Beta
Winner
GUNR
0.55
COPX
1.47
5Y Dividends CAGR
GUNR
6.80%
Winner
COPX
28.31%
GUNR vs COPX - Holdings Comparison
GUNR and COPX have 3 common holdings. Overlap is 1.92%
GUNR's top 25 holdings weight is 58.07%. COPX's top 25 holdings weight is 91.89%.
| Rank | GUNR | COPX |
|---|---|---|
| #1 | EXXONMOBIL HOLDINGS CORP (XOM) - 5.09% | BHP GROUP LTD (n/a) - 5.48% |
| #2 | CORTEVA INC (CTVA) - 4.78% | TECK RESOURCES LTD CLASS B (SUB VOTING) (n/a) - 5.37% |
| #3 | BHP GROUP LTD (n/a) - 4.65% | HUDBAY MINERALS INC (n/a) - 5.24% |
| #4 | NUTRIEN LTD (n/a) - 4.34% | SOUTHERN COPPER CORP (SCCO) - 5.16% |
| #5 | SHELL PLC (n/a) - 3.80% | FIRST QUANTUM MINERALS LTD (FQVLF) - 5.03% |
| #6 | CHEVRON CORP (CVX) - 3.67% | ANTOFAGASTA PLC (n/a) - 5.01% |
| #7 | ARCHER-DANIELS-MIDLAND CO (ADM) - 3.19% | GLENCORE PLC (n/a) - 4.96% |
| #8 | TOTALENERGIES SE (TTE:XPAR) - 2.79% | KGHM POLSKA MIEDZ SA (n/a) - 4.83% |
| #9 | RIO TINTO PLC ORDINARY SHARES (n/a) - 2.24% | FREEPORT-MCMORAN INC (FCX) - 4.82% |
| #10 | NEWMONT CORP (NEM) - 1.90% | ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 4.48% |
| #11 | AGNICO EAGLE MINES LTD (AEM) - 1.72% | BOLIDEN AB (n/a) - 4.32% |
| #12 | BP PLC (n/a) - 1.69% | LUNDIN MINING CORP (n/a) - 4.28% |
| #13 | CF INDUSTRIES HOLDINGS INC (CF) - 1.68% | SUMITOMO METAL MINING CO LTD (n/a) - 3.79% |
| #14 | TYSON FOODS INC CLASS A (TSN) - 1.62% | CAPSTONE COPPER CORP (n/a) - 3.57% |
| #15 | FREEPORT-MCMORAN INC (FCX) - 1.58% | SANDFIRE RESOURCES LTD (n/a) - 3.55% |
| #16 | CONOCOPHILLIPS (COP) - 1.48% | IVANHOE MINES LTD CLASS A (n/a) - 3.23% |
| #17 | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.47% | CHINA GOLD INTERNATIONAL RESOURCES CORP LTD (n/a) - 3.09% |
| #18 | BARRICK MINING CORP (n/a) - 1.38% | AURUBIS AG (n/a) - 3.02% |
| #19 | GLENCORE PLC (n/a) - 1.38% | JIANGXI COPPER CO LTD CLASS H (n/a) - 2.57% |
| #20 | MUYUAN FOODS GROUP CO LTD CLASS A (n/a) - 1.37% | MMG LTD (n/a) - 2.45% |
| #21 | MOWI ASA (n/a) - 1.36% | MITSUBISHI MATERIALS CORP (n/a) - 1.88% |
| #22 | BUNGE GLOBAL SA (BG) - 1.25% | ERO COPPER CORP (ERO) - 1.51% |
| #23 | INDUSTRIES QATAR QSC (n/a) - 1.24% | TREKOR METALS LTD (n/a) - 1.43% |
| #24 | AMERICAN WATER WORKS CO INC (AWK) - 1.20% | NGEX MINERALS LTD ORDINARY SHARES NEW (n/a) - 1.42% |
| #25 | SUNCOR ENERGY INC (SU) - 1.20% | CHINA NONFERROUS MINING CORP LTD (n/a) - 1.40% |
| Total Holdings | 169 | 45 |
GUNR vs COPX - Historical Returns
Returns include dividend reinvestment.
1M
GUNR
+10.33%
Winner
COPX
+20.90%
3M
GUNR
+5.16%
Winner
COPX
+14.32%
6M
Winner
GUNR
+6.81%
COPX
+6.54%
1Y
GUNR
+39.56%
Winner
COPX
+108.24%
5Y(CAGR)
GUNR
+13.64%
Winner
COPX
+26.19%
10Y(CAGR)
GUNR
+11.00%
Winner
COPX
+20.99%
Max(CAGR)
GUNR
+6.79%
Winner
COPX
+7.04%
GUNR vs COPX - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | GUNR | COPX |
|---|---|---|
| 2026 | +23.51% | +29.91% |
| 2025 | +29.00% | +91.73% |
| 2024 | -8.48% | +4.40% |
| 2023 | -0.79% | +7.39% |
| 2022 | +14.22% | -0.34% |
| 2021 | +23.80% | +17.77% |
| 2020 | +0.09% | +48.76% |
| 2019 | +18.20% | +13.16% |
| 2018 | -11.09% | -33.02% |
| 2017 | +17.38% | +34.67% |
| 2016 | +32.10% | +75.40% |
| 2015 | -24.58% | -46.25% |
| 2014 | -7.45% | -19.27% |
| 2013 | -3.62% | -30.56% |
| 2012 | +4.44% | -0.43% |
| 2011 | +0.55% | -32.07% |
| 2010 | N/A | +36.20% |
GUNR vs COPX Drawdown Comparison
The maximum drawdown for GUNR was -45.72%, occurring on Jan 20, 2016. Recovery took 868 trading sessions.
The maximum drawdown for COPX was -83.13%, occurring on Jan 20, 2016. Recovery took 3272 trading sessions.
The current COPX drawdown is -0.82%.
| Rank | GUNR | COPX |
|---|---|---|
| #1 | -45.72% Jul 24, 2014 - Jan 3, 2018 | -83.13% Apr 6, 2011 - Apr 9, 2024 |
| #2 | -43.04% Jan 2, 2020 - Dec 4, 2020 | -39.71% May 20, 2024 - Sep 10, 2025 |
| #3 | -24.02% Apr 18, 2022 - Sep 11, 2025 | -29.25% Apr 20, 2010 - Sep 20, 2010 |
| #4 | -18.56% May 21, 2018 - Dec 26, 2019 | -27.82% Feb 27, 2026 - Mar 20, 2026 |
| #5 | -17.58% Feb 27, 2012 - Jan 29, 2013 | -15.82% Feb 7, 2011 - Apr 5, 2011 |
| #6 | -15.68% Jan 29, 2013 - May 7, 2014 | -13.71% Jan 29, 2026 - Feb 25, 2026 |
| #7 | -13.93% Oct 28, 2011 - Jan 27, 2012 | -10.46% Oct 13, 2025 - Nov 28, 2025 |
| #8 | -11.69% Apr 13, 2026 - Aug 20, 2026 | -9.10% Nov 11, 2010 - Dec 6, 2010 |
| #9 | -11.23% Jun 2, 2021 - Oct 20, 2021 | -7.89% Jan 18, 2011 - Feb 7, 2011 |
| #10 | -10.30% Sep 22, 2011 - Oct 12, 2011 | -6.75% Oct 13, 2010 - Nov 4, 2010 |
| #11 | -10.19% Jan 26, 2018 - May 16, 2018 | -5.87% Jan 3, 2011 - Jan 18, 2011 |
| #12 | -7.43% Jan 14, 2021 - Feb 16, 2021 | -5.72% Oct 8, 2025 - Oct 13, 2025 |
| #13 | -7.09% Oct 20, 2021 - Dec 27, 2021 | -5.10% Apr 29, 2024 - May 13, 2024 |
| #14 | -6.80% Mar 2, 2026 - Apr 7, 2026 | -4.99% Apr 9, 2024 - Apr 26, 2024 |
| #15 | -5.92% Mar 12, 2021 - Apr 15, 2021 | -3.61% Dec 26, 2025 - Jan 5, 2026 |
Correlation
Correlation between GUNR and COPX is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
Dividend Comparison (2010 - 2026)
GUNR vs COPX dividend yield comparison.
| Year | GUNR | COPX |
|---|---|---|
| 2026 | 0.96% | 0.27% |
| 2025 | 2.81% | 2.68% |
| 2024 | 3.39% | 1.80% |
| 2023 | 3.55% | 2.39% |
| 2022 | 4.12% | 3.14% |
| 2021 | 3.61% | 1.48% |
| 2020 | 2.79% | 1.30% |
| 2019 | 3.25% | 1.37% |
| 2018 | 3.27% | 2.59% |
| 2017 | 2.00% | 1.57% |
| 2016 | 1.73% | 0.60% |
| 2015 | 4.50% | 1.20% |
| 2014 | 2.80% | 2.31% |
| 2013 | 2.03% | 0.71% |
| 2012 | 1.03% | 3.29% |
| 2011 | 0.54% | 7.06% |
| 2010 | 0.00% | 0.47% |
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