GUNR vs JMST
Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF (JMST, ETF).
5-Year PerformanceGUNR has outperformed JMST, delivering a return of +10.3% compared to +2.3%
GUNR vs JMST - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GUNR vs JMST - Historical Returns
Returns include dividend reinvestment.
GUNR vs JMST - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | GUNR | JMST |
|---|---|---|
| 2026 | +9.71% | +1.20% |
| 2025 | +29.00% | +3.33% |
| 2024 | -8.48% | +3.33% |
| 2023 | -0.79% | +3.57% |
| 2022 | +14.22% | +0.09% |
| 2021 | +23.80% | +0.33% |
| 2020 | +0.09% | +2.00% |
| 2019 | +18.20% | +2.07% |
| 2018 | -11.09% | +0.70% |
| 2017 | +17.38% | N/A |
| 2016 | +32.10% | N/A |
| 2015 | -24.58% | N/A |
| 2014 | -7.45% | N/A |
| 2013 | -3.62% | N/A |
| 2012 | +4.44% | N/A |
| 2011 | +0.55% | N/A |
GUNR vs JMST Drawdown Comparison
The maximum drawdown for GUNR was -45.72%, occurring on Jan 20, 2016. Recovery took 868 trading sessions.
The maximum drawdown for JMST was -2.41%, occurring on Mar 20, 2020. Recovery took 29 trading sessions.
The current GUNR drawdown is -8.90%. The current JMST drawdown is -0.08%.
| Rank | GUNR | JMST |
|---|---|---|
| #1 | -45.72% Jul 24, 2014 - Jan 3, 2018 | -2.41% Mar 9, 2020 - Apr 20, 2020 |
| #2 | -43.04% Jan 2, 2020 - Dec 4, 2020 | -1.15% Dec 29, 2021 - Dec 13, 2022 |
| #3 | -24.02% Apr 18, 2022 - Sep 11, 2025 | -0.71% Apr 1, 2025 - May 15, 2025 |
| #4 | -18.56% May 21, 2018 - Dec 26, 2019 | -0.32% May 16, 2023 - Jun 6, 2023 |
| #5 | -17.58% Feb 27, 2012 - Jan 29, 2013 | -0.26% Jan 31, 2023 - Mar 10, 2023 |
| #6 | -15.68% Jan 29, 2013 - May 7, 2014 | -0.25% Oct 29, 2025 - Nov 6, 2025 |
| #7 | -13.93% Oct 28, 2011 - Jan 27, 2012 | -0.25% Apr 13, 2023 - May 11, 2023 |
| #8 | -11.69% Apr 13, 2026 - Jul 1, 2026 | -0.22% Sep 13, 2023 - Oct 10, 2023 |
| #9 | -11.23% Jun 2, 2021 - Oct 20, 2021 | -0.21% Mar 17, 2026 - Apr 20, 2026 |
| #10 | -10.30% Sep 22, 2011 - Oct 12, 2011 | -0.20% Mar 25, 2025 - Apr 1, 2025 |
| #11 | -10.19% Jan 26, 2018 - May 16, 2018 | -0.19% Sep 20, 2021 - Dec 29, 2021 |
| #12 | -7.43% Jan 14, 2021 - Feb 16, 2021 | -0.18% Aug 21, 2019 - Oct 4, 2019 |
| #13 | -7.09% Oct 20, 2021 - Dec 27, 2021 | -0.17% Nov 5, 2024 - Nov 8, 2024 |
| #14 | -6.80% Mar 2, 2026 - Apr 7, 2026 | -0.17% Aug 6, 2024 - Aug 19, 2024 |
| #15 | -5.92% Mar 12, 2021 - Apr 15, 2021 | -0.16% Jan 31, 2024 - Feb 15, 2024 |
Correlation
Correlation between GUNR and JMST is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2011 - 2026)
GUNR vs JMST dividend yield comparison.
| Year | GUNR | JMST |
|---|---|---|
| 2026 | 1.08% | 1.27% |
| 2025 | 2.81% | 2.84% |
| 2024 | 3.39% | 3.32% |
| 2023 | 3.55% | 3.09% |
| 2022 | 4.12% | 1.10% |
| 2021 | 3.61% | 0.27% |
| 2020 | 2.79% | 0.87% |
| 2019 | 3.25% | 1.63% |
| 2018 | 3.27% | 0.28% |
| 2017 | 2.00% | 0.00% |
| 2016 | 1.73% | 0.00% |
| 2015 | 4.50% | 0.00% |
| 2014 | 2.80% | 0.00% |
| 2013 | 2.03% | 0.00% |
| 2012 | 1.03% | 0.00% |
| 2011 | 0.54% | 0.00% |
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