CPRT vs. GUNR

Last updated Jun 13, 2026

CPRT (Copart, Inc.) is a stock, while GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) is Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index. Over the past 10 years, CPRT returned 17.57%/yr vs 11.10%/yr for GUNR. At a 0.37 correlation, their price movements are largely independent.

Performance

CPRT vs. GUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Copart, Inc. (CPRT) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPRT achieves a -21.46% return, which is significantly lower than GUNR's 15.74% return. Over the past 10 years, CPRT has outperformed GUNR with an annualized return of 17.57%, while GUNR has yielded a comparatively lower 11.10% annualized return.

CPRT

• 1D: -1.00%
• 1M: -6.65%
• YTD: -21.46%
• 6M: -20.48%
• 1Y: -38.49%
• 3Y*: -10.83%
• 5Y*: -0.30%
• 10Y*: 17.57%

GUNR

• 1D: 1.19%
• 1M: -5.35%
• YTD: 15.74%
• 6M: 17.02%
• 1Y: 34.03%
• 3Y*: 12.40%
• 5Y*: 9.47%
• 10Y*: 11.10%

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

CPRT vs. GUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPRT Copart, Inc.	-21.46%	-31.78%	17.12%	60.95%	-19.68%	19.15%	39.93%	90.33%	10.63%	55.89%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	15.74%	30.03%	-8.37%	-2.40%	14.83%	26.06%	0.46%	18.41%	-9.42%	18.74%

Correlation

The correlation between CPRT and GUNR is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011	0.37

Over the past year, the correlation between CPRT and GUNR has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

CPRT vs. GUNR — Risk / Return Rank

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

CPRT

CPRT Risk / Return Rank: 2
CPRT Sharpe Ratio Rank: 0
CPRT Sortino Ratio Rank: 1
CPRT Omega Ratio Rank: 2
CPRT Calmar Ratio Rank: 2
CPRT Martin Ratio Rank: 3

GUNR

GUNR Risk / Return Rank: 80
GUNR Sharpe Ratio Rank: 79
GUNR Sortino Ratio Rank: 72
GUNR Omega Ratio Rank: 75
GUNR Calmar Ratio Rank: 87
GUNR Martin Ratio Rank: 88

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.

CPRT vs. GUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Copart, Inc. (CPRT) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CPRT	GUNR	Difference
Sharpe ratio: Return per unit of total volatility	-1.63	2.18	-3.81
Sortino ratio: Return per unit of downside risk	-2.38	2.79	-5.17
Omega ratio: Gain probability vs. loss probability	0.71	1.38	-0.67
Calmar ratio: Return relative to maximum drawdown	-0.98	4.40	-5.39
Martin ratio: Return relative to average drawdown	-1.75	16.53	-18.28

CPRT vs. GUNR - Sharpe Ratio Comparison

The current CPRT Sharpe Ratio is -1.63, which is lower than the GUNR Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of CPRT and GUNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPRT vs. GUNR - Drawdown Comparison

The maximum CPRT drawdown since its inception was -72.49%, which is greater than GUNR's maximum drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for CPRT and GUNR.

Drawdown Indicators

	CPRT	GUNR	Difference
Max Drawdown Largest peak-to-trough decline	-72.49%	-45.64%	-26.85%
Max Drawdown (1Y) Largest decline over 1 year	-39.26%	-7.77%	-31.49%
Max Drawdown (3Y) Largest decline over 3 years	-52.46%	-19.59%	-32.87%
Max Drawdown (5Y) Largest decline over 5 years	-52.46%	-24.06%	-28.40%
Max Drawdown (10Y) Largest decline over 10 years	-52.46%	-43.04%	-9.42%
Current Drawdown Current decline from peak	-51.83%	-5.39%	-46.44%
Average Drawdown Average peak-to-trough decline	-16.57%	-10.39%	-6.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.06%	2.06%	+20.00%

Volatility

CPRT vs. GUNR - Volatility Comparison

Copart, Inc. (CPRT) has a higher volatility of 8.74% compared to FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) at 5.11%. This indicates that CPRT's price experiences larger fluctuations and is considered to be riskier than GUNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPRT	GUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.74%	5.11%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	18.69%	13.13%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	23.70%	15.69%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.94%	19.06%	+6.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.43%	20.44%	+6.99%

Dividends

CPRT vs. GUNR - Dividend Comparison

CPRT has not paid dividends to shareholders, while GUNR's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPRT Copart, Inc.	0.00%	0.00%	0.00%	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	2.31%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%

Frequently Asked Questions

Can I hold both CPRT and GUNR in my portfolio?

CPRT and GUNR have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CPRT or GUNR?

CPRT has higher volatility (8.74%) compared to GUNR (5.11%). In terms of maximum drawdown, CPRT dropped -72.49% vs GUNR's -45.64%.

Which has better risk-adjusted returns?

GUNR currently has the higher Sharpe Ratio (2.18 vs -1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.