CCNR vs. GUNR
Compare and contrast key facts about ALPS/CoreCommodity Natural Resources ETF (CCNR) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR).
CCNR and GUNR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCNR is an actively managed fund by ALPS. It was launched on Jul 10, 2024. 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.
Performance
CCNR vs. GUNR - Performance Comparison
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CCNR vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CCNR ALPS/CoreCommodity Natural Resources ETF | 21.61% | 46.48% | -8.12% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 20.73% | 30.03% | -9.89% |
Returns By Period
The year-to-date returns for both stocks are quite close, with CCNR having a 21.61% return and GUNR slightly lower at 20.73%.
CCNR
- 1D
- -0.60%
- 1M
- -2.12%
- YTD
- 21.61%
- 6M
- 32.84%
- 1Y
- 69.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- -0.02%
- 1M
- -0.96%
- YTD
- 20.73%
- 6M
- 27.72%
- 1Y
- 45.55%
- 3Y*
- 12.85%
- 5Y*
- 12.39%
- 10Y*
- 12.13%
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CCNR vs. GUNR - Expense Ratio Comparison
CCNR has a 0.39% expense ratio, which is lower than GUNR's 0.46% expense ratio.
Return for Risk
CCNR vs. GUNR — Risk / Return Rank
CCNR
GUNR
CCNR vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ALPS/CoreCommodity Natural Resources ETF (CCNR) 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.
| CCNR | GUNR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.44 | +0.68 |
Sortino ratioReturn per unit of downside risk | 3.68 | 3.02 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.47 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.68 | 3.46 | +1.22 |
Martin ratioReturn relative to average drawdown | 25.78 | 19.38 | +6.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCNR | GUNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.44 | +0.68 |
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 | 1.63 | 0.33 | +1.30 |
Correlation
The correlation between CCNR and GUNR is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CCNR vs. GUNR - Dividend Comparison
CCNR's dividend yield for the trailing twelve months is around 2.86%, more than GUNR's 2.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCNR ALPS/CoreCommodity Natural Resources ETF | 2.86% | 3.48% | 1.27% | 0.00% | 0.00% | 0.00% | 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
CCNR vs. GUNR - Drawdown Comparison
The maximum CCNR drawdown since its inception was -20.06%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for CCNR and GUNR.
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Drawdown Indicators
| CCNR | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.06% | -45.64% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -13.25% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.04% | — |
Current DrawdownCurrent decline from peak | -2.12% | -0.96% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -10.50% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.38% | +0.35% |
Volatility
CCNR vs. GUNR - Volatility Comparison
ALPS/CoreCommodity Natural Resources ETF (CCNR) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) have volatilities of 5.32% and 5.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCNR | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 5.25% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 12.82% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.40% | 18.79% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.39% | 19.09% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.39% | 20.56% | -0.17% |