GUNR vs SHYG

Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and ISHARES 0-5 YEAR HIGH YIELD CORPORATE BOND ETF (SHYG, ETF).

5-Year PerformanceGUNR has outperformed SHYG, delivering a return of +10.0% compared to +4.9%

GUNR vs SHYG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GUNR(ETF)	SHYG(ETF)
Net Assets	$7.50B	$7.50B
Expense Ratio	0.46%	0.30%
Max Drawdown	49.68%	26.29%
Sharpe Ratio	2.43	1.25
5Y Beta	0.56	0.22
5Y Dividends CAGR	5.36%	6.98%

Net Assets

GUNR

$7.50B

SHYG

$7.50B

Expense Ratio

GUNR

0.46%

Winner

SHYG

0.30%

Max Drawdown

GUNR

49.68%

Winner

SHYG

26.29%

Sharpe Ratio

Winner

GUNR

2.43

SHYG

1.25

5Y Beta

GUNR

0.56

Winner

SHYG

0.22

5Y Dividends CAGR

GUNR

5.36%

Winner

SHYG

6.98%

GUNR vs SHYG - Historical Returns

Returns include dividend reinvestment.

Period	GUNR	SHYG
1 month	-2.42%	+0.58%
3 months	+3.48%	+0.88%
6 months	+26.17%	+2.93%
1 year	+47.27%	+8.05%
5 years(CAGR)	+9.98%	+4.91%
10 years(CAGR)	+11.64%	+5.35%
Max(CAGR)	+6.55%	+4.42%

GUNR

-2.42%

Winner

SHYG

+0.58%

Winner

GUNR

+3.48%

SHYG

+0.88%

Winner

GUNR

+26.17%

SHYG

+2.93%

Winner

GUNR

+47.27%

SHYG

+8.05%

5Y(CAGR)

Winner

GUNR

+9.98%

SHYG

+4.91%

10Y(CAGR)

Winner

GUNR

+11.64%

SHYG

+5.35%

Max(CAGR)

Winner

GUNR

+6.55%

SHYG

+4.42%

GUNR vs SHYG - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	GUNR	SHYG
2026	+17.19%	+1.40%
2025	+29.00%	+7.71%
2024	-8.48%	+8.38%
2023	-0.79%	+10.24%
2022	+14.22%	-4.63%
2021	+23.80%	+4.78%
2020	+0.09%	+2.98%
2019	+18.20%	+10.08%
2018	-11.09%	+0.04%
2017	+17.38%	+4.86%
2016	+32.10%	+12.94%
2015	-24.58%	-3.10%
2014	-7.45%	+0.23%
2013	-3.62%	+1.99%
2012	+4.44%	N/A
2011	+0.55%	N/A

GUNR vs SHYG Drawdown Comparison

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

The maximum drawdown for SHYG was -19.27%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.

The current GUNR drawdown is -2.68%. The current SHYG drawdown is -0.02%.

Rank	GUNR	SHYG
#1	-45.72% Jul 24, 2014 - Jan 3, 2018	-19.27% Feb 14, 2020 - Nov 17, 2020
#2	-43.04% Jan 2, 2020 - Dec 4, 2020	-10.32% May 29, 2015 - Jul 8, 2016
#3	-24.02% Apr 18, 2022 - Sep 11, 2025	-9.39% Dec 27, 2021 - Jul 13, 2023
#4	-18.56% May 21, 2018 - Dec 26, 2019	-5.15% Jun 23, 2014 - Apr 9, 2015
#5	-17.58% Feb 27, 2012 - Jan 29, 2013	-5.04% Oct 1, 2018 - Jan 31, 2019
#6	-15.68% Jan 29, 2013 - May 7, 2014	-4.53% Feb 28, 2025 - May 12, 2025
#7	-13.93% Oct 28, 2011 - Jan 27, 2012	-2.69% Oct 24, 2016 - Dec 6, 2016
#8	-11.23% Jun 2, 2021 - Oct 20, 2021	-2.39% Sep 1, 2023 - Nov 3, 2023
#9	-10.30% Sep 22, 2011 - Oct 12, 2011	-1.86% Jan 26, 2018 - Apr 12, 2018
#10	-10.19% Jan 26, 2018 - May 16, 2018	-1.75% Feb 2, 2026 - Apr 8, 2026
#11	-7.43% Jan 14, 2021 - Feb 16, 2021	-1.74% Mar 27, 2024 - May 3, 2024
#12	-7.09% Oct 20, 2021 - Dec 27, 2021	-1.61% Nov 5, 2021 - Dec 23, 2021
#13	-6.80% Mar 2, 2026 - Apr 7, 2026	-1.57% Mar 1, 2017 - Apr 20, 2017
#14	-5.92% Mar 12, 2021 - Apr 15, 2021	-1.48% May 3, 2019 - Jun 18, 2019
#15	-4.61% Mar 10, 2022 - Mar 21, 2022	-1.38% Oct 20, 2017 - Jan 3, 2018

Correlation

Correlation between GUNR and SHYG is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (2011 - 2026)

GUNR vs SHYG dividend yield comparison.

Year	GUNR	SHYG
2026	0.36%	2.33%
2025	2.81%	7.03%
2024	3.39%	6.93%
2023	3.55%	6.54%
2022	4.12%	5.57%
2021	3.61%	4.83%
2020	2.79%	5.07%
2019	3.25%	5.33%
2018	3.27%	5.90%
2017	2.00%	5.49%
2016	1.73%	5.53%
2015	4.50%	5.17%
2014	2.80%	4.33%
2013	2.03%	0.85%
2012	1.03%	0.00%
2011	0.54%	0.00%