CSNR vs. GUNR
CSNR (Cohen & Steers Natural Resources Active ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both Natural Resources funds. CSNR is actively managed, while GUNR is passively managed. Over the past year, CSNR returned 36.82% vs 32.63% for GUNR. Their correlation of 0.94 means they have usually moved in the same direction. CSNR charges 0.50%/yr vs 0.46%/yr for GUNR.
Performance
CSNR vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, CSNR achieves a 16.07% return, which is significantly higher than GUNR's 14.39% return.
CSNR
- 1D
- -0.67%
- 1M
- 5.45%
- 6M
- 4.56%
- YTD
- 16.07%
- 1Y
- 36.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.64%
GUNR
- 1D
- -0.84%
- 1M
- 4.20%
- 6M
- 3.67%
- YTD
- 14.39%
- 1Y
- 32.63%
- 3Y*
- 11.02%
- 5Y*
- 10.41%
- 10Y*
- 10.05%
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $436.61K | $371.64K | $760.40K | |
| $77.78M | $41.91M | $28.99M |
CSNR vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSNR Cohen & Steers Natural Resources Active ETF | 16.07% | 26.83% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 14.39% | 23.41% |
Correlation
The correlation between CSNR and GUNR is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025 | 0.94 |
The correlation between CSNR and GUNR has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
CSNR vs. GUNR — Risk / Return Rank
CSNR
GUNR
CSNR vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Natural Resources Active ETF (CSNR) 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.
| CSNR | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.80 | +0.17 |
| Martin ratioReturn relative to average drawdown | 9.36 | 8.76 | +0.60 |
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Drawdowns
CSNR vs. GUNR - Drawdown Comparison
The maximum CSNR drawdown since its inception was -15.33%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for CSNR and GUNR.
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Drawdown Indicators
| CSNR | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.33% | -45.64% | +30.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -11.70% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
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 | -6.12% | -6.49% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -2.50% | -10.37% | +7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.74% | +0.21% |
Volatility
CSNR vs. GUNR - Volatility Comparison
Cohen & Steers Natural Resources Active ETF (CSNR) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) have volatilities of 3.98% and 4.06%, 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
| CSNR | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 4.06% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.87% | 12.60% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 15.98% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 18.95% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.66% | 20.33% | -0.67% |
CSNR vs. GUNR - Expense Ratio Comparison
CSNR has a 0.50% expense ratio, which is higher than GUNR's 0.46% expense ratio.
Dividends
CSNR vs. GUNR - Dividend Comparison
CSNR's dividend yield for the trailing twelve months is around 1.89%, less than GUNR's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSNR Cohen & Steers Natural Resources Active ETF | 1.89% | 2.39% | 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 | 2.34% | 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
With a correlation of 0.94, CSNR and GUNR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GUNR has higher volatility (4.06%) compared to CSNR (3.98%). In terms of maximum drawdown, CSNR dropped -15.33% vs GUNR's -45.64%.
On 1-year performance, CSNR leads with 36.82% vs 32.63% for GUNR. On fees, GUNR is cheaper at 0.46% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CSNR has performed better with a 36.82% return vs 32.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GUNR is cheaper with a 0.46% expense ratio, compared with 0.50% for CSNR.
GUNR has the higher dividend yield at 2.34%, compared with 1.89% for CSNR.
They also come from different issuers: Cohen & Steers and Northern Trust. Their fees differ too: 0.50% for CSNR and 0.46% for GUNR.
CSNR currently has the higher Sharpe Ratio (2.07 vs 2.06), 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.
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