GUNR vs HAP
Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and VANECK NATURAL RESOURCES ETF (HAP, ETF).
5-Year PerformanceHAP has outperformed GUNR, delivering a return of +10.7% compared to +9.1%
GUNR vs HAP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GUNR
$7.50B
HAP
$316M
Expense Ratio
GUNR
0.46%
Winner
HAP
0.41%
Max Drawdown
Winner
GUNR
49.68%
HAP
51.53%
Sharpe Ratio
GUNR
1.83
Winner
HAP
2.13
5Y Beta
Winner
GUNR
0.57
HAP
0.62
P/E Ratio
GUNR
N/A
HAP
19.00
Forward P/E
GUNR
N/A
HAP
14.65
5Y Dividends CAGR
Winner
GUNR
5.36%
HAP
5.31%
5Y EPS CAGR
GUNR
N/A
HAP
23.10%
Debt to Equity
GUNR
N/A
HAP
51.49%
P/S Ratio
GUNR
N/A
HAP
0.04
P/B Ratio
GUNR
N/A
HAP
2.45
GUNR vs HAP - Holdings Comparison
GUNR and HAP have 29 common holdings. Overlap is 29.25%
GUNR's top 25 holdings weight is 60.39%. HAP's top 25 holdings weight is 56.23%.
| Rank | GUNR | HAP |
|---|---|---|
| #1 | CORTEVA INC (CTVA) - 4.97% | EXXON MOBIL CORP (XOM) - 4.90% |
| #2 | EXXON MOBIL CORP (XOM) - 4.89% | CHEVRON CORP (CVX) - 4.77% |
| #3 | BHP GROUP LTD (n/a) - 4.74% | DEERE & CO (DE) - 4.41% |
| #4 | NUTRIEN LTD (n/a) - 4.54% | NEXTERA ENERGY INC (NEE) - 3.94% |
| #5 | SHELL PLC (n/a) - 3.76% | IBERDROLA SA (n/a) - 3.91% |
| #6 | CHEVRON CORP (CVX) - 3.66% | BHP GROUP LTD ADR (BHP) - 2.97% |
| #7 | ARCHER-DANIELS-MIDLAND CO (ADM) - 3.46% | BAYER AG (n/a) - 2.91% |
| #8 | TOTALENERGIES SE (TTE:XPAR) - 2.85% | CORTEVA INC (CTVA) - 2.68% |
| #9 | RIO TINTO PLC ORDINARY SHARES (n/a) - 2.43% | NUTRIEN LTD (n/a) - 2.29% |
| #10 | NEWMONT CORP (NEM) - 2.09% | n/a (SHEL) - 2.12% |
| #11 | AGNICO EAGLE MINES LTD (AEM) - 1.95% | RIO TINTO PLC ADR (RIO) - 1.94% |
| #12 | TYSON FOODS INC CLASS A (TSN) - 1.81% | TOTALENERGIES SE (n/a) - 1.91% |
| #13 | BP PLC (n/a) - 1.65% | BLOOM ENERGY CORP CLASS A (BE) - 1.91% |
| #14 | FREEPORT-MCMORAN INC (FCX) - 1.61% | NEWMONT CORP (NEM) - 1.70% |
| #15 | CF INDUSTRIES HOLDINGS INC (CF) - 1.61% | AGNICO EAGLE MINES LTD (AEM) - 1.64% |
| #16 | BUNGE GLOBAL SA (BG) - 1.58% | ARCHER-DANIELS-MIDLAND CO (ADM) - 1.61% |
| #17 | GLENCORE PLC (n/a) - 1.53% | FREEPORT-MCMORAN INC (FCX) - 1.43% |
| #18 | INDUSTRIES QATAR QSC (n/a) - 1.52% | GLENCORE PLC (n/a) - 1.27% |
| #19 | CONOCOPHILLIPS (COP) - 1.52% | BARRICK MINING CORP (n/a) - 1.22% |
| #20 | BARRICK MINING CORP (n/a) - 1.49% | ENBRIDGE INC (ENB) - 1.22% |
| #21 | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.46% | TYSON FOODS INC CLASS A (TSN) - 1.18% |
| #22 | MOWI ASA (n/a) - 1.44% | CONOCOPHILLIPS (COP) - 1.16% |
| #23 | VALE SA (n/a) - 1.30% | CF INDUSTRIES HOLDINGS INC (CF) - 1.11% |
| #24 | ANGLO AMERICAN PLC (n/a) - 1.28% | BP PLC ADR (BP) - 1.02% |
| #25 | WHEATON PRECIOUS METALS CORP (WPM) - 1.25% | KUBOTA CORP (n/a) - 1.01% |
| Total Holdings | 167 | 141 |
GUNR vs HAP - Historical Returns
Returns include dividend reinvestment.
1M
GUNR
-4.83%
Winner
HAP
-3.63%
3M
GUNR
-1.76%
Winner
HAP
-0.25%
6M
GUNR
+17.27%
Winner
HAP
+19.90%
1Y
GUNR
+35.90%
Winner
HAP
+41.44%
5Y(CAGR)
GUNR
+9.11%
Winner
HAP
+10.74%
10Y(CAGR)
GUNR
+10.57%
Winner
HAP
+11.44%
Max(CAGR)
Winner
GUNR
+6.24%
HAP
+6.03%
GUNR vs HAP - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | GUNR | HAP |
|---|---|---|
| 2026 | +12.90% | +15.38% |
| 2025 | +29.00% | +33.91% |
| 2024 | -8.48% | -3.97% |
| 2023 | -0.79% | +3.89% |
| 2022 | +14.22% | +6.89% |
| 2021 | +23.80% | +24.01% |
| 2020 | +0.09% | +5.73% |
| 2019 | +18.20% | +18.58% |
| 2018 | -11.09% | -11.67% |
| 2017 | +17.38% | +15.77% |
| 2016 | +32.10% | +25.98% |
| 2015 | -24.58% | -19.85% |
| 2014 | -7.45% | -6.34% |
| 2013 | -3.62% | +4.62% |
| 2012 | +4.44% | +5.13% |
| 2011 | +0.55% | -12.33% |
| 2010 | N/A | +13.27% |
| 2009 | N/A | +38.05% |
| 2008 | N/A | -35.61% |
GUNR vs HAP Drawdown Comparison
The maximum drawdown for GUNR was -45.72%, occurring on Jan 20, 2016. Recovery took 868 trading sessions.
The maximum drawdown for HAP was -50.73%, occurring on Nov 20, 2008. Recovery took 534 trading sessions.
The current GUNR drawdown is -6.25%. The current HAP drawdown is -5.26%.
| Rank | GUNR | HAP |
|---|---|---|
| #1 | -45.72% Jul 24, 2014 - Jan 3, 2018 | -50.73% Sep 23, 2008 - Nov 4, 2010 |
| #2 | -43.04% Jan 2, 2020 - Dec 4, 2020 | -44.07% Jan 26, 2018 - Nov 24, 2020 |
| #3 | -24.02% Apr 18, 2022 - Sep 11, 2025 | -40.58% Jul 3, 2014 - Jan 2, 2018 |
| #4 | -18.56% May 21, 2018 - Dec 26, 2019 | -30.48% Apr 5, 2011 - Jun 19, 2014 |
| #5 | -17.58% Feb 27, 2012 - Jan 29, 2013 | -25.66% Apr 20, 2022 - Jun 12, 2025 |
| #6 | -15.68% Jan 29, 2013 - May 7, 2014 | -11.27% May 10, 2021 - Jan 4, 2022 |
| #7 | -13.93% Oct 28, 2011 - Jan 27, 2012 | -10.24% Sep 3, 2008 - Sep 23, 2008 |
| #8 | -11.23% Jun 2, 2021 - Oct 20, 2021 | -8.31% Mar 2, 2026 - May 13, 2026 |
| #9 | -10.30% Sep 22, 2011 - Oct 12, 2011 | -8.02% Mar 3, 2011 - Mar 30, 2011 |
| #10 | -10.19% Jan 26, 2018 - May 16, 2018 | -7.26% Jan 14, 2021 - Feb 12, 2021 |
| #11 | -7.43% Jan 14, 2021 - Feb 16, 2021 | -5.68% Mar 15, 2021 - Apr 15, 2021 |
| #12 | -7.09% Oct 20, 2021 - Dec 27, 2021 | -5.48% Nov 11, 2010 - Dec 10, 2010 |
| #13 | -6.80% Mar 2, 2026 - Apr 7, 2026 | -5.26% May 13, 2026 - Jun 5, 2026 |
| #14 | -6.25% Apr 13, 2026 - Jun 5, 2026 | -4.56% Jan 12, 2022 - Feb 7, 2022 |
| #15 | -5.92% Mar 12, 2021 - Apr 15, 2021 | -4.14% Nov 12, 2025 - Nov 28, 2025 |
Correlation
Correlation between GUNR and HAP is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2008 - 2026)
GUNR vs HAP dividend yield comparison.
| Year | GUNR | HAP |
|---|---|---|
| 2026 | 0.38% | 0.00% |
| 2025 | 2.81% | 2.27% |
| 2024 | 3.39% | 2.65% |
| 2023 | 3.55% | 3.27% |
| 2022 | 4.12% | 3.28% |
| 2021 | 3.61% | 2.16% |
| 2020 | 2.79% | 2.45% |
| 2019 | 3.25% | 2.80% |
| 2018 | 3.27% | 2.85% |
| 2017 | 2.00% | 2.02% |
| 2016 | 1.73% | 1.99% |
| 2015 | 4.50% | 3.00% |
| 2014 | 2.80% | 2.51% |
| 2013 | 2.03% | 2.22% |
| 2012 | 1.03% | 2.38% |
| 2011 | 0.54% | 1.96% |
| 2010 | 0.00% | 0.81% |
| 2009 | 0.00% | 0.73% |
| 2008 | 0.00% | 0.27% |
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