GUNR vs JMUB

Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and JPMorgan Municipal ETF (JMUB, ETF).

5-Year PerformanceGUNR has outperformed JMUB, delivering a return of +11.2% compared to +1.2%

GUNR vs JMUB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GUNR(ETF)	JMUB(ETF)
Net Assets	$7.50B	$7.50B
Expense Ratio	0.46%	0.18%
Max Drawdown	49.68%	14.47%
Sharpe Ratio	2.47	0.64
5Y Beta	0.56	0.02
5Y Dividends CAGR	5.36%	11.91%

Net Assets

GUNR

$7.50B

JMUB

$7.50B

Expense Ratio

GUNR

0.46%

Winner

JMUB

0.18%

Max Drawdown

GUNR

49.68%

Winner

JMUB

14.47%

Sharpe Ratio

Winner

GUNR

2.47

JMUB

0.64

5Y Beta

GUNR

0.56

Winner

JMUB

0.02

5Y Dividends CAGR

GUNR

5.36%

Winner

JMUB

11.91%

GUNR vs JMUB - Historical Returns

Returns include dividend reinvestment.

Period	GUNR	JMUB
1 month	-0.04%	-0.01%
3 months	+5.22%	-0.72%
6 months	+26.75%	+1.02%
1 year	+47.06%	+5.13%
5 years(CAGR)	+11.17%	+1.21%
10 years(CAGR)	+11.83%	N/A
Max(CAGR)	+6.74%	+2.97%

GUNR

-0.04%

Winner

JMUB

-0.01%

Winner

GUNR

+5.22%

JMUB

-0.72%

Winner

GUNR

+26.75%

JMUB

+1.02%

Winner

GUNR

+47.06%

JMUB

+5.13%

5Y(CAGR)

Winner

GUNR

+11.17%

JMUB

+1.21%

10Y(CAGR)

GUNR

+11.83%

JMUB

N/A

Max(CAGR)

Winner

GUNR

+6.74%

JMUB

+2.97%

GUNR vs JMUB - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	GUNR	JMUB
2026	+20.38%	+0.56%
2025	+29.00%	+4.15%
2024	-8.48%	+1.90%
2023	-0.79%	+5.86%
2022	+14.22%	-7.39%
2021	+23.80%	+1.59%
2020	+0.09%	+4.88%
2019	+18.20%	+8.35%
2018	-11.09%	+2.81%
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 JMUB Drawdown Comparison

The maximum drawdown for GUNR was -45.72%, occurring on Jan 20, 2016. Recovery took 868 trading sessions.

The maximum drawdown for JMUB was -12.50%, occurring on Mar 23, 2020. Recovery took 106 trading sessions.

The current GUNR drawdown is -0.04%. The current JMUB drawdown is -1.21%.

Rank	GUNR	JMUB
#1	-45.72% Jul 24, 2014 - Jan 3, 2018	-12.50% Mar 9, 2020 - Aug 7, 2020
#2	-43.04% Jan 2, 2020 - Dec 4, 2020	-12.06% Jul 30, 2021 - Sep 5, 2024
#3	-24.02% Apr 18, 2022 - Sep 11, 2025	-4.02% Feb 28, 2025 - Sep 5, 2025
#4	-18.56% May 21, 2018 - Dec 26, 2019	-2.55% Feb 27, 2026 - Mar 24, 2026
#5	-17.58% Feb 27, 2012 - Jan 29, 2013	-2.18% Oct 1, 2024 - Dec 4, 2024
#6	-15.68% Jan 29, 2013 - May 7, 2014	-2.17% Feb 12, 2021 - Jun 8, 2021
#7	-13.93% Oct 28, 2011 - Jan 27, 2012	-2.07% Dec 4, 2024 - Feb 26, 2025
#8	-11.23% Jun 2, 2021 - Oct 20, 2021	-1.36% Aug 15, 2019 - Oct 9, 2019
#9	-10.30% Sep 22, 2011 - Oct 12, 2011	-1.22% Aug 11, 2020 - Nov 20, 2020
#10	-10.19% Jan 26, 2018 - May 16, 2018	-1.18% Oct 9, 2019 - Jan 3, 2020
#11	-7.43% Jan 14, 2021 - Feb 16, 2021	-0.55% Jun 15, 2021 - Jul 8, 2021
#12	-7.09% Oct 20, 2021 - Dec 27, 2021	-0.48% Mar 28, 2019 - Apr 29, 2019
#13	-6.80% Mar 2, 2026 - Apr 7, 2026	-0.45% Nov 11, 2025 - Nov 28, 2025
#14	-5.92% Mar 12, 2021 - Apr 15, 2021	-0.42% Sep 17, 2025 - Oct 10, 2025
#15	-4.61% Mar 10, 2022 - Mar 21, 2022	-0.36% Jan 31, 2020 - Feb 19, 2020

Correlation

Correlation between GUNR and JMUB is 0.60 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.60

-101

Dividend Comparison (2011 - 2026)

GUNR vs JMUB dividend yield comparison.

Year	GUNR	JMUB
2026	0.35%	1.20%
2025	2.81%	3.52%
2024	3.39%	3.50%
2023	3.55%	3.20%
2022	4.12%	2.16%
2021	3.61%	1.94%
2020	2.79%	2.13%
2019	3.25%	3.66%
2018	3.27%	0.45%
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%