GUNR vs. CSNR
GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) and CSNR (Cohen & Steers Natural Resources Active ETF) are both Natural Resources funds. GUNR is passively managed, while CSNR is actively managed. Over the past year, GUNR returned 32.63% vs 36.82% for CSNR. Their correlation of 0.94 means they have usually moved in the same direction. GUNR charges 0.46%/yr vs 0.50%/yr for CSNR.
Performance
GUNR vs. CSNR - Performance Comparison
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Returns By Period
In the year-to-date period, GUNR achieves a 14.39% return, which is significantly lower than CSNR's 16.07% return.
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%
CSNR
- 1D
- -0.67%
- 1M
- 5.45%
- 6M
- 4.56%
- YTD
- 16.07%
- 1Y
- 36.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.64%
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 |
GUNR vs. CSNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 14.39% | 23.41% |
CSNR Cohen & Steers Natural Resources Active ETF | 16.07% | 26.83% |
Correlation
The correlation between GUNR and CSNR 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 GUNR and CSNR has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
GUNR vs. CSNR — Risk / Return Rank
GUNR
CSNR
GUNR vs. CSNR - 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 Cohen & Steers Natural Resources Active ETF (CSNR). 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 | CSNR | 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 | 2.80 | 2.98 | -0.17 |
| Martin ratioReturn relative to average drawdown | 8.76 | 9.36 | -0.60 |
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Drawdowns
GUNR vs. CSNR - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, which is greater than CSNR's maximum drawdown of -15.33%. Use the drawdown chart below to compare losses from any high point for GUNR and CSNR.
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Drawdown Indicators
| GUNR | CSNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.64% | -15.33% | -30.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -12.43% | +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 | -6.49% | -6.12% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -2.50% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.95% | -0.21% |
Volatility
GUNR vs. CSNR - Volatility Comparison
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Cohen & Steers Natural Resources Active ETF (CSNR) have volatilities of 4.06% and 3.98%, 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
| GUNR | CSNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.98% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.60% | 13.87% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 17.89% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 19.66% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 19.66% | +0.67% |
GUNR vs. CSNR - Expense Ratio Comparison
GUNR has a 0.46% expense ratio, which is lower than CSNR's 0.50% expense ratio.
Dividends
GUNR vs. CSNR - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 2.34%, more than CSNR's 1.89% 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, GUNR and CSNR 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, GUNR dropped -45.64% vs CSNR's -15.33%.
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: Northern Trust and Cohen & Steers. Their fees differ too: 0.46% for GUNR and 0.50% for CSNR.
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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