GUNR vs. LKOR
GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) and LKOR (FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund) are both exchange-traded funds - GUNR is a Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index, while LKOR is a Corporate Bonds fund tracking the Northern Trust US Long Corporate Bond Quality Value Index. Both are passively managed. Over the past 10 years, GUNR returned 11.17%/yr vs 2.45%/yr for LKOR. At a 0.08 correlation, their price movements are largely independent. GUNR charges 0.46%/yr vs 0.22%/yr for LKOR.
Performance
GUNR vs. LKOR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GUNR achieves a 19.20% return, which is significantly higher than LKOR's 0.74% return. Over the past 10 years, GUNR has outperformed LKOR with an annualized return of 11.17%, while LKOR has yielded a comparatively lower 2.45% annualized return.
GUNR
- 1D
- -0.69%
- 1M
- 0.04%
- YTD
- 19.20%
- 6M
- 21.67%
- 1Y
- 41.45%
- 3Y*
- 14.42%
- 5Y*
- 9.93%
- 10Y*
- 11.17%
LKOR
- 1D
- -0.36%
- 1M
- 1.51%
- YTD
- 0.74%
- 6M
- -0.19%
- 1Y
- 7.57%
- 3Y*
- 4.72%
- 5Y*
- -1.59%
- 10Y*
- 2.45%
GUNR vs. LKOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 19.20% | 30.03% | -8.37% | -2.40% | 14.83% | 26.06% | 0.46% | 18.41% | -9.42% | 18.74% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 0.74% | 7.04% | -1.02% | 11.64% | -25.55% | -1.51% | 16.00% | 23.97% | -7.61% | 13.87% |
Correlation
The correlation between GUNR and LKOR is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.08 |
The correlation between GUNR and LKOR shifts across timeframes, from 0.08 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GUNR vs. LKOR — Risk / Return Rank
GUNR
LKOR
GUNR vs. LKOR - 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 FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR). 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 | LKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.17 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 6.12 | 1.41 | +4.71 |
| Martin ratioReturn relative to average drawdown | 23.21 | 3.43 | +19.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GUNR | LKOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 0.95 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | -0.12 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.19 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.25 | +0.07 |
Drawdowns
GUNR vs. LKOR - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, which is greater than LKOR's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for GUNR and LKOR.
Loading charts...
Drawdown Indicators
| GUNR | LKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.64% | -34.78% | -10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -5.39% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -12.74% | -6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.06% | -34.78% | +10.72% |
Max Drawdown (10Y)Largest decline over 10 years | -43.04% | -34.78% | -8.26% |
Current DrawdownCurrent decline from peak | -2.56% | -13.63% | +11.07% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -10.36% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.21% | -0.42% |
Volatility
GUNR vs. LKOR - Volatility Comparison
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) has a higher volatility of 4.39% compared to FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) at 2.41%. This indicates that GUNR's price experiences larger fluctuations and is considered to be riskier than LKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GUNR | LKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.41% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 5.76% | +6.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 8.00% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 12.90% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.42% | 13.22% | +7.20% |
GUNR vs. LKOR - Expense Ratio Comparison
GUNR has a 0.46% expense ratio, which is higher than LKOR's 0.22% expense ratio.
Dividends
GUNR vs. LKOR - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 2.24%, less than LKOR's 5.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.24% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
LKOR FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund | 5.72% | 5.57% | 5.52% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.77% | 5.53% | 1.22% |
Frequently Asked Questions
GUNR and LKOR have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUNR has higher volatility (4.39%) compared to LKOR (2.41%). In terms of maximum drawdown, GUNR dropped -45.64% vs LKOR's -34.78%.
On 10-year performance, GUNR leads with 11.17% vs 2.45% for LKOR. On fees, LKOR is cheaper at 0.22% per year. On volatility, LKOR has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GUNR has performed better with a 11.17% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LKOR is cheaper with a 0.22% expense ratio, compared with 0.46% for GUNR.
LKOR has the higher dividend yield at 5.72%, compared with 2.24% for GUNR.
GUNR is categorized as Commodity Producers Equities, while LKOR is Corporate Bonds. GUNR tracks Morningstar Global Upstream Natural Resources Index, while LKOR tracks Northern Trust US Long Corporate Bond Quality Value Index. Their fees differ too: 0.46% for GUNR and 0.22% for LKOR.
GUNR currently has the higher Sharpe Ratio (2.75 vs 0.95), 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.
Find the right allocation for GUNR and LKOR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer