FMTL vs. GUNR
FMTL (First Trust Indxx Critical Metals ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - FMTL is a Rare Earth & Strategic Metals fund tracking the Indxx Global Critical Metals Index, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. FMTL charges 0.65%/yr vs 0.46%/yr for GUNR.
Performance
FMTL vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, FMTL achieves a 13.89% return, which is significantly higher than GUNR's 8.68% return.
FMTL
- 1D
- 0.81%
- 1M
- -11.71%
- YTD
- 13.89%
- 6M
- 13.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- -0.16%
- 1M
- -7.83%
- YTD
- 8.68%
- 6M
- 7.65%
- 1Y
- 25.76%
- 3Y*
- 10.81%
- 5Y*
- 8.71%
- 10Y*
- 10.34%
FMTL vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 13.89% | 21.85% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 8.68% | 8.04% |
Correlation
The correlation between FMTL and GUNR is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.71 |
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Return for Risk
FMTL vs. GUNR — Risk / Return Rank
FMTL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUNR
FMTL vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) 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.
| FMTL | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.23 | — |
| Martin ratioReturn relative to average drawdown | — | 9.65 | — |
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Drawdowns
FMTL vs. GUNR - Drawdown Comparison
The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for FMTL and GUNR.
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Drawdown Indicators
| FMTL | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -45.64% | +23.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.63% | — |
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 | -14.61% | -11.16% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -10.39% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.68% | — |
Volatility
FMTL vs. GUNR - Volatility Comparison
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Volatility by Period
| FMTL | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.42% | 15.98% | +24.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.42% | 19.03% | +21.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.42% | 20.36% | +20.06% |
FMTL vs. GUNR - Expense Ratio Comparison
FMTL has a 0.65% expense ratio, which is higher than GUNR's 0.46% expense ratio.
Dividends
FMTL vs. GUNR - Dividend Comparison
FMTL's dividend yield for the trailing twelve months is around 1.63%, less than GUNR's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMTL First Trust Indxx Critical Metals ETF | 1.63% | 0.06% | 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 | 2.47% | 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
FMTL and GUNR have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GUNR is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GUNR is cheaper with a 0.46% expense ratio, compared with 0.65% for FMTL.
GUNR has the higher dividend yield at 2.47%, compared with 1.63% for FMTL.
FMTL is categorized as Rare Earth & Strategic Metals, while GUNR is Natural Resources. FMTL tracks Indxx Global Critical Metals Index, while GUNR tracks Morningstar Global Upstream Natural Resources Index. They also come from different issuers: First Trust and Northern Trust. Their fees differ too: 0.65% for FMTL and 0.46% for GUNR.
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