BCIM vs. GUNR

Last updated Apr 1, 2026

Compare and contrast key facts about abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR).

BCIM and GUNR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BCIM is a passively managed fund by Aberdeen that tracks the performance of the Bloomberg Industrial Metals. It was launched on Sep 22, 2021. GUNR is a passively managed fund by Northern Trust that tracks the performance of the Morningstar Global Upstream Natural Resources Index. It was launched on Sep 16, 2011. Both BCIM and GUNR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BCIM vs. GUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). The values are adjusted to include any dividend payments, if applicable.

BCIM vs. GUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	0.00%	10.71%	3.30%	-9.68%	-3.29%	4.17%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	20.75%	30.03%	-8.37%	-2.40%	14.83%	9.27%

Returns By Period

BCIM

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GUNR

• 1D: 1.85%
• 1M: -0.49%
• YTD: 20.75%
• 6M: 27.36%
• 1Y: 46.10%
• 3Y*: 12.86%
• 5Y*: 12.40%
• 10Y*: 12.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCIM vs. GUNR - Expense Ratio Comparison

BCIM has a 0.41% expense ratio, which is lower than GUNR's 0.46% expense ratio.

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

BCIM

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF

Return for Risk

BCIM vs. GUNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUNR

GUNR Risk / Return Rank: 95
GUNR Sharpe Ratio Rank: 96
GUNR Sortino Ratio Rank: 95
GUNR Omega Ratio Rank: 96
GUNR Calmar Ratio Rank: 93
GUNR Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCIM vs. GUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCIM	GUNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.46	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.33	—

Correlation

The correlation between BCIM and GUNR is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BCIM vs. GUNR - Dividend Comparison

BCIM's dividend yield for the trailing twelve months is around 3.77%, more than GUNR's 2.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCIM abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF	3.77%	3.77%	11.47%	3.36%	0.72%	1.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	2.21%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%

Drawdowns

Drawdown Indicators

	BCIM	GUNR	Difference
Max Drawdown Largest peak-to-trough decline	—	-45.64%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.04%	—
Current Drawdown Current decline from peak	—	-0.94%	—
Average Drawdown Average peak-to-trough decline	—	-10.51%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.38%	—

Volatility

Volatility by Period

	BCIM	GUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.57%	—