GUNR vs. SCHD

Last updated Apr 3, 2026

Compare and contrast key facts about FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Schwab U.S. Dividend Equity ETF (SCHD).

GUNR and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both GUNR and SCHD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GUNR vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

GUNR vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	21.34%	30.03%	-8.37%	-2.40%	14.83%	26.06%	0.46%	18.41%	-9.42%	18.74%
SCHD Schwab U.S. Dividend Equity ETF	12.35%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Returns By Period

In the year-to-date period, GUNR achieves a 21.34% return, which is significantly higher than SCHD's 12.35% return. Both investments have delivered pretty close results over the past 10 years, with GUNR having a 12.32% annualized return and SCHD not far behind at 12.30%.

GUNR

• 1D: 0.51%
• 1M: 2.84%
• YTD: 21.34%
• 6M: 28.49%
• 1Y: 46.37%
• 3Y*: 12.20%
• 5Y*: 12.51%
• 10Y*: 12.32%

SCHD

• 1D: 0.16%
• 1M: -2.44%
• YTD: 12.35%
• 6M: 13.88%
• 1Y: 13.89%
• 3Y*: 11.70%
• 5Y*: 8.35%
• 10Y*: 12.30%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GUNR vs. SCHD - Expense Ratio Comparison

GUNR has a 0.46% expense ratio, which is higher than SCHD's 0.06% expense ratio.

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

GUNR vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUNR

GUNR Risk / Return Rank: 94
GUNR Sharpe Ratio Rank: 95
GUNR Sortino Ratio Rank: 94
GUNR Omega Ratio Rank: 95
GUNR Calmar Ratio Rank: 90
GUNR Martin Ratio Rank: 96

SCHD

SCHD Risk / Return Rank: 40
SCHD Sharpe Ratio Rank: 44
SCHD Sortino Ratio Rank: 45
SCHD Omega Ratio Rank: 44
SCHD Calmar Ratio Rank: 34
SCHD Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GUNR vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio Return per unit of total volatility	2.48	0.89	+1.59
Sortino ratio Return per unit of downside risk	3.06	1.34	+1.72
Omega ratio Gain probability vs. loss probability	1.48	1.19	+0.29
Calmar ratio Return relative to maximum drawdown	3.49	1.09	+2.40
Martin ratio Return relative to average drawdown	19.55	3.69	+15.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GUNR vs. SCHD - Sharpe Ratio Comparison

The current GUNR Sharpe Ratio is 2.48, which is higher than the SCHD Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of GUNR and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GUNR	SCHD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	0.89	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.58	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.74	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.84	-0.50

Correlation

The correlation between GUNR and SCHD is 0.69, 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.

Dividends

GUNR vs. SCHD - Dividend Comparison

GUNR's dividend yield for the trailing twelve months is around 2.20%, less than SCHD's 3.45% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	2.20%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Drawdowns

GUNR vs. SCHD - Drawdown Comparison

The maximum GUNR drawdown since its inception was -45.64%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for GUNR and SCHD.

Drawdown Indicators

	GUNR	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-45.64%	-33.37%	-12.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	-9.02%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.06%	-16.85%	-7.21%
Max Drawdown (10Y) Largest decline over 10 years	-43.04%	-33.37%	-9.67%
Current Drawdown Current decline from peak	-0.45%	-3.27%	+2.82%
Average Drawdown Average peak-to-trough decline	-10.50%	-3.34%	-7.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	3.76%	-1.39%

Volatility

GUNR vs. SCHD - Volatility Comparison

FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) has a higher volatility of 5.26% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.35%. This indicates that GUNR's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GUNR	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	2.35%	+2.91%
Volatility (6M) Calculated over the trailing 6-month period	12.82%	7.93%	+4.89%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	15.69%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	14.40%	+4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	16.69%	+3.87%