GUNR vs. BUFR
GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) and BUFR (FT Vest Laddered Buffer ETF) are both exchange-traded funds - GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index, while BUFR is a Defined Outcome fund actively managed by First Trust. GUNR is passively managed, while BUFR is actively managed. Over the past 5 years, GUNR returned 11.05%/yr vs 9.55%/yr for BUFR. Their 0.51 correlation means they have sometimes moved together and sometimes differently. GUNR charges 0.46%/yr vs 0.95%/yr for BUFR.
Performance
GUNR vs. BUFR - Performance Comparison
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Returns By Period
In the year-to-date period, GUNR achieves a 15.47% return, which is significantly higher than BUFR's 6.48% return.
GUNR
- 1D
- -0.13%
- 1M
- 6.07%
- 6M
- 3.93%
- YTD
- 15.47%
- 1Y
- 29.81%
- 3Y*
- 10.45%
- 5Y*
- 11.05%
- 10Y*
- 10.26%
- ALL TIME*
- 6.58%
BUFR
- 1D
- 0.03%
- 1M
- 0.77%
- 6M
- 5.68%
- YTD
- 6.48%
- 1Y
- 12.42%
- 3Y*
- 12.65%
- 5Y*
- 9.55%
- 10Y*
- —
- ALL TIME*
- 10.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $41.80M | $42.66M | $45.08M | |
| $10.72M | $19.11M | $19.24M |
GUNR vs. BUFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 15.47% | 30.03% | -8.37% | -2.40% | 14.83% | 26.06% | 9.64% |
BUFR FT Vest Laddered Buffer ETF | 6.48% | 12.44% | 14.68% | 19.63% | -7.57% | 11.88% | 6.60% |
Correlation
The correlation between GUNR and BUFR is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2020 | 0.51 |
The correlation between GUNR and BUFR shifts across timeframes, from 0.36 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GUNR vs. BUFR — Risk / Return Rank
GUNR
BUFR
GUNR vs. BUFR - 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 FT Vest Laddered Buffer ETF (BUFR). 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.
| GUNR | BUFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.78 | -0.23 |
| Martin ratioReturn relative to average drawdown | 8.17 | 14.53 | -6.36 |
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Drawdowns
GUNR vs. BUFR - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, which is greater than BUFR's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for GUNR and BUFR.
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Drawdown Indicators
| GUNR | BUFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.64% | -13.73% | -31.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -4.61% | -7.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -12.81% | -6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -13.73% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.04% | — | — |
Current DrawdownCurrent decline from peak | -5.61% | -0.90% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -2.05% | -8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 0.88% | +2.76% |
Volatility
GUNR vs. BUFR - Volatility Comparison
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) has a higher volatility of 3.48% compared to FT Vest Laddered Buffer ETF (BUFR) at 1.58%. This indicates that GUNR's price experiences larger fluctuations and is considered to be riskier than BUFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUNR | BUFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 1.58% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 5.26% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 6.66% | +9.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 10.47% | +8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.31% | 10.16% | +10.15% |
GUNR vs. BUFR - Expense Ratio Comparison
GUNR has a 0.46% expense ratio, which is lower than BUFR's 0.95% expense ratio.
Dividends
GUNR vs. BUFR - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 2.32%, while BUFR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFR FT Vest Laddered Buffer ETF | 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 | 2.32% | 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
GUNR and BUFR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUNR has higher volatility (3.48%) compared to BUFR (1.58%). In terms of maximum drawdown, GUNR dropped -45.64% vs BUFR's -13.73%.
On 5-year performance, GUNR leads with 11.05% vs 9.55% for BUFR. On fees, GUNR is cheaper at 0.46% per year. On volatility, BUFR has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GUNR has performed better with a 11.05% return vs 9.55%. 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 0.95% for BUFR.
GUNR has the higher dividend yield at 2.32%, compared with 0.00% for BUFR.
GUNR is categorized as Natural Resources, while BUFR is Defined Outcome. They also come from different issuers: Northern Trust and First Trust. Their fees differ too: 0.46% for GUNR and 0.95% for BUFR.
BUFR currently has the higher Sharpe Ratio (1.92 vs 1.87), 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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