GUNR vs. GOOG
GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) is Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index, while GOOG (Alphabet Inc) is a stock. Over the past 10 years, GUNR returned 9.92%/yr vs 25.31%/yr for GOOG. At a 0.36 correlation, their price movements are largely independent.
Performance
GUNR vs. GOOG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GUNR having a 12.01% return and GOOG slightly higher at 12.12%. Over the past 10 years, GUNR has underperformed GOOG with an annualized return of 9.92%, while GOOG has yielded a comparatively higher 25.31% annualized return.
GUNR
- 1D
- -0.20%
- 1M
- 0.28%
- 6M
- 4.81%
- YTD
- 12.01%
- 1Y
- 29.13%
- 3Y*
- 10.19%
- 5Y*
- 10.29%
- 10Y*
- 9.92%
- ALL TIME*
- 6.37%
GOOG
- 1D
- 1.52%
- 1M
- -4.38%
- 6M
- 6.51%
- YTD
- 12.12%
- 1Y
- 89.51%
- 3Y*
- 43.36%
- 5Y*
- 21.73%
- 10Y*
- 25.31%
- ALL TIME*
- 22.76%
GUNR vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 12.01% | 30.03% | -8.37% | -2.40% | 14.83% | 26.06% | 0.46% | 18.41% | -9.42% | 18.74% |
GOOG Alphabet Inc | 12.12% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between GUNR and GOOG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014 | 0.36 |
Over the past year, the correlation between GUNR and GOOG has dropped to 0.16 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
GUNR vs. GOOG — Risk / Return Rank
GUNR
GOOG
GUNR vs. GOOG - 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 Alphabet Inc (GOOG). 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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 4.34 | -1.84 |
| Martin ratioReturn relative to average drawdown | 8.16 | 13.28 | -5.12 |
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Drawdowns
GUNR vs. GOOG - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, roughly equal to the maximum GOOG drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GUNR and GOOG.
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Drawdown Indicators
| GUNR | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.64% | -44.60% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -20.75% | +9.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -29.35% | +9.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -44.60% | +20.54% |
Max Drawdown (10Y)Largest decline over 10 years | -43.04% | -44.60% | +1.56% |
Current DrawdownCurrent decline from peak | -8.44% | -11.89% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -8.91% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 6.77% | -3.19% |
Volatility
GUNR vs. GOOG - Volatility Comparison
The current volatility for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is 3.99%, while Alphabet Inc (GOOG) has a volatility of 10.97%. This indicates that GUNR experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUNR | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 10.97% | -6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 22.58% | -9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 30.22% | -14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 31.53% | -12.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.31% | 29.19% | -8.88% |
Dividends
GUNR vs. GOOG - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 2.39%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 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 | 2.39% | 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 GOOG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (10.97%) compared to GUNR (3.99%). In terms of maximum drawdown, GUNR dropped -45.64% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.98 vs 1.84), 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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