GUNR vs SPY
Comparison between FLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND (GUNR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GUNR, delivering a return of +13.2% compared to +9.2%
GUNR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GUNR
$7.40B
Winner
SPY
$784B
Expense Ratio
GUNR
0.46%
Winner
SPY
0.09%
Max Drawdown
Winner
GUNR
49.68%
SPY
56.47%
Sharpe Ratio
GUNR
1.34
Winner
SPY
1.54
5Y Beta
Winner
GUNR
0.57
SPY
1.00
P/E Ratio
GUNR
N/A
SPY
27.62
Forward P/E
GUNR
N/A
SPY
21.11
5Y Dividends CAGR
Winner
GUNR
6.80%
SPY
6.00%
5Y EPS CAGR
GUNR
N/A
SPY
25.30%
Debt to Equity
GUNR
N/A
SPY
31.11%
P/S Ratio
GUNR
N/A
SPY
3.49
P/B Ratio
GUNR
N/A
SPY
5.30
GUNR vs SPY - Holdings Comparison
GUNR and SPY have 21 common holdings. Overlap is 2.71%
GUNR's top 25 holdings weight is 60.94%. SPY's top 25 holdings weight is 51.24%.
| Rank | GUNR | SPY |
|---|---|---|
| #1 | EXXON MOBIL CORP (XOM) - 5.16% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | CORTEVA INC (CTVA) - 4.90% | APPLE INC (AAPL) - 6.81% |
| #3 | BHP GROUP LTD (n/a) - 4.85% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | NUTRIEN LTD (n/a) - 4.43% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | SHELL PLC (n/a) - 3.98% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | CHEVRON CORP (CVX) - 3.95% | BROADCOM INC (AVGO) - 2.77% |
| #7 | ARCHER-DANIELS-MIDLAND CO (ADM) - 3.78% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | TOTALENERGIES SE (TTE:XPAR) - 2.93% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | RIO TINTO PLC ORDINARY SHARES (n/a) - 2.39% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | NEWMONT CORP (NEM) - 1.82% | TESLA INC (TSLA) - 1.76% |
| #11 | BUNGE GLOBAL SA (BG) - 1.77% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | BP PLC (n/a) - 1.76% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | AGNICO EAGLE MINES LTD (AEM) - 1.72% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | CONOCOPHILLIPS (COP) - 1.64% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | TYSON FOODS INC CLASS A (TSN) - 1.63% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | FREEPORT-MCMORAN INC (FCX) - 1.63% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | CF INDUSTRIES HOLDINGS INC (CF) - 1.55% | VISA INC CLASS A (V) - 0.87% |
| #18 | GLENCORE PLC (n/a) - 1.54% | INTEL CORP (INTC) - 0.85% |
| #19 | INDUSTRIES QATAR QSC (n/a) - 1.52% | WALMART INC (WMT) - 0.82% |
| #20 | CANADIAN NATURAL RESOURCES LTD (CNQ) - 1.49% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | MOWI ASA (n/a) - 1.38% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | BARRICK MINING CORP (n/a) - 1.38% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | ANGLO AMERICAN PLC (n/a) - 1.27% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | SUNCOR ENERGY INC (SU) - 1.24% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | VALE SA (n/a) - 1.23% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 167 | 505 |
GUNR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GUNR
-7.62%
Winner
SPY
-1.37%
3M
GUNR
-4.60%
Winner
SPY
+12.22%
6M
Winner
GUNR
+9.12%
SPY
+7.20%
1Y
Winner
GUNR
+27.16%
SPY
+23.58%
5Y(CAGR)
GUNR
+9.18%
Winner
SPY
+13.19%
10Y(CAGR)
GUNR
+9.88%
Winner
SPY
+15.12%
Max(CAGR)
GUNR
+5.90%
Winner
SPY
+8.44%
GUNR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GUNR | SPY |
|---|---|---|
| 2026 | +8.02% | +7.95% |
| 2025 | +29.00% | +18.00% |
| 2024 | -8.48% | +25.59% |
| 2023 | -0.79% | +26.72% |
| 2022 | +14.22% | -18.64% |
| 2021 | +23.80% | +30.52% |
| 2020 | +0.09% | +17.28% |
| 2019 | +18.20% | +31.09% |
| 2018 | -11.09% | -5.24% |
| 2017 | +17.38% | +20.78% |
| 2016 | +32.10% | +13.59% |
| 2015 | -24.58% | +1.31% |
| 2014 | -7.45% | +14.56% |
| 2013 | -3.62% | +29.00% |
| 2012 | +4.44% | +14.17% |
| 2011 | +0.55% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GUNR vs SPY Drawdown Comparison
The maximum drawdown for GUNR was -45.72%, occurring on Jan 20, 2016. Recovery took 868 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GUNR drawdown is -10.30%. The current SPY drawdown is -3.18%.
| Rank | GUNR | SPY |
|---|---|---|
| #1 | -45.72% Jul 24, 2014 - Jan 3, 2018 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.04% Jan 2, 2020 - Dec 4, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -24.02% Apr 18, 2022 - Sep 11, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -18.56% May 21, 2018 - Dec 26, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.58% Feb 27, 2012 - Jan 29, 2013 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.68% Jan 29, 2013 - May 7, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.93% Oct 28, 2011 - Jan 27, 2012 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.23% Jun 2, 2021 - Oct 20, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.30% Sep 22, 2011 - Oct 12, 2011 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.30% Apr 13, 2026 - Jun 23, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.19% Jan 26, 2018 - May 16, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.43% Jan 14, 2021 - Feb 16, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.09% Oct 20, 2021 - Dec 27, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.80% Mar 2, 2026 - Apr 7, 2026 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.92% Mar 12, 2021 - Apr 15, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GUNR and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (1999 - 2026)
GUNR vs SPY dividend yield comparison.
| Year | GUNR | SPY |
|---|---|---|
| 2026 | 1.10% | 0.50% |
| 2025 | 2.81% | 1.07% |
| 2024 | 3.39% | 1.21% |
| 2023 | 3.55% | 1.40% |
| 2022 | 4.12% | 1.65% |
| 2021 | 3.61% | 1.20% |
| 2020 | 2.79% | 1.52% |
| 2019 | 3.25% | 1.75% |
| 2018 | 3.27% | 2.04% |
| 2017 | 2.00% | 1.80% |
| 2016 | 1.73% | 2.03% |
| 2015 | 4.50% | 2.06% |
| 2014 | 2.80% | 1.87% |
| 2013 | 2.03% | 1.81% |
| 2012 | 1.03% | 2.18% |
| 2011 | 0.54% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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