JMUB vs GUNR

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

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

JMUB vs GUNR - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

JMUB

$7.50B

GUNR

$7.50B

Expense Ratio

Winner

JMUB

0.18%

GUNR

0.46%

Max Drawdown

Winner

JMUB

14.47%

GUNR

49.68%

Sharpe Ratio

JMUB

0.64

Winner

GUNR

2.47

5Y Beta

Winner

JMUB

0.02

GUNR

0.56

5Y Dividends CAGR

Winner

JMUB

11.91%

GUNR

5.36%

JMUB vs GUNR - Historical Returns

Returns include dividend reinvestment.

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

Winner

JMUB

-0.01%

GUNR

-0.04%

JMUB

-0.72%

Winner

GUNR

+5.22%

JMUB

+1.02%

Winner

GUNR

+26.75%

JMUB

+5.13%

Winner

GUNR

+47.06%

5Y(CAGR)

JMUB

+1.21%

Winner

GUNR

+11.17%

10Y(CAGR)

JMUB

N/A

GUNR

+11.83%

Max(CAGR)

JMUB

+2.97%

Winner

GUNR

+6.74%

JMUB vs GUNR - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	JMUB	GUNR
2026	+0.56%	+20.38%
2025	+4.15%	+29.00%
2024	+1.90%	-8.48%
2023	+5.86%	-0.79%
2022	-7.39%	+14.22%
2021	+1.59%	+23.80%
2020	+4.88%	+0.09%
2019	+8.35%	+18.20%
2018	+2.81%	-11.09%
2017	N/A	+17.38%
2016	N/A	+32.10%
2015	N/A	-24.58%
2014	N/A	-7.45%
2013	N/A	-3.62%
2012	N/A	+4.44%
2011	N/A	+0.55%

JMUB vs GUNR Drawdown Comparison

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

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

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

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

Correlation

Correlation between JMUB and GUNR 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)

JMUB vs GUNR dividend yield comparison.

Year	JMUB	GUNR
2026	1.20%	0.35%
2025	3.52%	2.81%
2024	3.50%	3.39%
2023	3.20%	3.55%
2022	2.16%	4.12%
2021	1.94%	3.61%
2020	2.13%	2.79%
2019	3.66%	3.25%
2018	0.45%	3.27%
2017	0.00%	2.00%
2016	0.00%	1.73%
2015	0.00%	4.50%
2014	0.00%	2.80%
2013	0.00%	2.03%
2012	0.00%	1.03%
2011	0.00%	0.54%