GUNR vs. NU
GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) is Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index, while NU (Nu Holdings Ltd.) is a stock. Over the past 3 years, GUNR returned 12.40%/yr vs 17.37%/yr for NU. At a 0.27 correlation, their price movements are largely independent.
Performance
GUNR vs. NU - Performance Comparison
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Returns By Period
In the year-to-date period, GUNR achieves a 15.74% return, which is significantly higher than NU's -27.18% return.
GUNR
- 1D
- 1.19%
- 1M
- -5.35%
- YTD
- 15.74%
- 6M
- 17.02%
- 1Y
- 34.03%
- 3Y*
- 12.40%
- 5Y*
- 9.47%
- 10Y*
- 11.10%
NU
- 1D
- 0.83%
- 1M
- -4.91%
- YTD
- -27.18%
- 6M
- -27.87%
- 1Y
- 1.58%
- 3Y*
- 17.37%
- 5Y*
- —
- 10Y*
- —
GUNR vs. NU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 15.74% | 30.03% | -8.37% | -2.40% | 14.83% | 2.19% |
NU Nu Holdings Ltd. | -27.18% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
Correlation
The correlation between GUNR and NU is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.27 |
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Return for Risk
GUNR vs. NU — Risk / Return Rank
GUNR
NU
GUNR vs. NU - 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 Nu Holdings Ltd. (NU). 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 | NU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.04 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 0.04 | +4.36 |
| Martin ratioReturn relative to average drawdown | 16.53 | 0.10 | +16.42 |
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Drawdowns
GUNR vs. NU - Drawdown Comparison
The maximum GUNR drawdown since its inception was -45.64%, smaller than the maximum NU drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for GUNR and NU.
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Drawdown Indicators
| GUNR | NU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.64% | -72.07% | +26.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -38.17% | +30.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -39.58% | +19.99% |
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 | -5.39% | -35.02% | +29.63% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -29.77% | +19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 15.36% | -13.30% |
Volatility
GUNR vs. NU - Volatility Comparison
The current volatility for FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is 5.11%, while Nu Holdings Ltd. (NU) has a volatility of 14.80%. This indicates that GUNR experiences smaller price fluctuations and is considered to be less risky than NU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUNR | NU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 14.80% | -9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 28.91% | -15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.69% | 38.77% | -23.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.06% | 58.48% | -39.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 58.48% | -38.04% |
Dividends
GUNR vs. NU - Dividend Comparison
GUNR's dividend yield for the trailing twelve months is around 2.31%, while NU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.31% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GUNR and NU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (14.80%) compared to GUNR (5.11%). In terms of maximum drawdown, GUNR dropped -45.64% vs NU's -72.07%.
GUNR currently has the higher Sharpe Ratio (2.18 vs 0.04), 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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