IGE vs. GUNR
Compare and contrast key facts about iShares North American Natural Resources ETF (IGE) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR).
IGE and GUNR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGE is a passively managed fund by iShares that tracks the performance of the S&P North American Natural Resources Sector Index. It was launched on Oct 26, 2001. 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. Both IGE and GUNR 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: IGE or GUNR.
Key characteristics
| IGE | GUNR | |
|---|---|---|
| YTD Return | 13.19% | 2.66% |
| 1Y Return | 20.87% | 3.20% |
| 3Y Return (Ann) | 21.26% | 7.20% |
| 5Y Return (Ann) | 11.80% | 8.85% |
| 10Y Return (Ann) | 2.91% | 5.12% |
| Sharpe Ratio | 1.12 | 0.20 |
| Daily Std Dev | 17.20% | 15.66% |
| Max Drawdown | -67.73% | -45.64% |
| Current Drawdown | -1.38% | -7.86% |
Correlation
The correlation between IGE and GUNR is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGE vs. GUNR - Performance Comparison
In the year-to-date period, IGE achieves a 13.19% return, which is significantly higher than GUNR's 2.66% return. Over the past 10 years, IGE has underperformed GUNR with an annualized return of 2.91%, while GUNR has yielded a comparatively higher 5.12% 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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IGE vs. GUNR - Expense Ratio Comparison
Both IGE and GUNR have an expense ratio of 0.46%.
Risk-Adjusted Performance
IGE vs. GUNR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). 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
IGE vs. GUNR - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.38%, less than GUNR's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.38% | 2.85% | 2.96% | 2.92% | 3.34% | 5.50% | 2.61% | 2.05% | 1.61% | 2.99% | 1.78% | 1.46% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 3.46% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% | 2.80% | 2.03% |
Drawdowns
IGE vs. GUNR - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.73%, which is greater than GUNR's maximum drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for IGE and GUNR. For additional features, visit the drawdowns tool.
Volatility
IGE vs. GUNR - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 3.54% compared to FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) at 3.33%. This indicates that IGE's price experiences larger fluctuations and is considered to be riskier than GUNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.