GUNR vs. BCIM

Last updated Apr 1, 2026

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

GUNR and BCIM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BCIM is a passively managed fund by Aberdeen that tracks the performance of the Bloomberg Industrial Metals. It was launched on Sep 22, 2021. Both GUNR and BCIM 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

GUNR vs. BCIM - Performance Comparison

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

GUNR vs. BCIM - Yearly Performance Comparison

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

Returns By Period

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%

BCIM

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

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

GUNR vs. BCIM - Expense Ratio Comparison

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

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

BCIM

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF

Return for Risk

GUNR vs. BCIM — 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.

GUNR vs. BCIM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM). 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.

	GUNR	BCIM	Difference
Sharpe ratio Return per unit of total volatility	2.46	—	—
Sortino ratio Return per unit of downside risk	3.05	—	—
Omega ratio Gain probability vs. loss probability	1.48	—	—
Calmar ratio Return relative to maximum drawdown	3.49	—	—
Martin ratio Return relative to average drawdown	19.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GUNR	BCIM	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 GUNR and BCIM 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

GUNR vs. BCIM - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

Drawdown Indicators

	GUNR	BCIM	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

	GUNR	BCIM	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%	—	—