GUNR vs. DBC
Compare and contrast key facts about FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Invesco DB Commodity Index Tracking Fund (DBC).
GUNR and DBC 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. DBC is a passively managed fund by Invesco that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return. It was launched on Feb 3, 2006. Both GUNR and DBC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GUNR or DBC.
Key characteristics
| GUNR | DBC | |
|---|---|---|
| YTD Return | 5.03% | 6.22% |
| 1Y Return | 9.93% | 8.29% |
| 3Y Return (Ann) | 6.42% | 10.32% |
| 5Y Return (Ann) | 10.17% | 9.59% |
| 10Y Return (Ann) | 5.11% | -0.33% |
| Sharpe Ratio | 0.51 | 0.52 |
| Daily Std Dev | 15.43% | 13.69% |
| Max Drawdown | -45.64% | -76.36% |
| Current Drawdown | -5.73% | -44.38% |
Correlation
The correlation between GUNR and DBC is 0.60, 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.
Performance
GUNR vs. DBC - Performance Comparison
In the year-to-date period, GUNR achieves a 5.03% return, which is significantly lower than DBC's 6.22% return. Over the past 10 years, GUNR has outperformed DBC with an annualized return of 5.11%, while DBC has yielded a comparatively lower -0.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GUNR vs. DBC - Expense Ratio Comparison
GUNR has a 0.46% expense ratio, which is lower than DBC's 0.85% expense ratio.
Risk-Adjusted Performance
GUNR vs. DBC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Invesco DB Commodity Index Tracking Fund (DBC). 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.
Dividends
GUNR vs. DBC - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 3.38%, less than DBC's 4.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 3.38% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% | 2.80% | 2.03% |
DBC Invesco DB Commodity Index Tracking Fund | 4.65% | 4.94% | 0.59% | 0.00% | 0.00% | 1.59% | 1.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GUNR vs. DBC - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, smaller than the maximum DBC drawdown of -76.36%. Use the drawdown chart below to compare losses from any high point for GUNR and DBC. For additional features, visit the drawdowns tool.
Volatility
GUNR vs. DBC - Volatility Comparison
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) has a higher volatility of 3.50% compared to Invesco DB Commodity Index Tracking Fund (DBC) at 3.15%. This indicates that GUNR's price experiences larger fluctuations and is considered to be riskier than DBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.