JMMF vs. GUNR
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while GUNR is a Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index. JMMF is actively managed, while GUNR is passively managed. At a correlation of -0.19, they often move in opposite directions. JMMF charges 0.16%/yr vs 0.46%/yr for GUNR.
Performance
JMMF vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 1.42% return, which is significantly lower than GUNR's 20.03% return.
JMMF
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.42%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- 1.13%
- 1M
- 0.53%
- YTD
- 20.03%
- 6M
- 23.94%
- 1Y
- 42.23%
- 3Y*
- 14.68%
- 5Y*
- 10.24%
- 10Y*
- 11.24%
JMMF vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.42% | 0.17% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 20.03% | 0.56% |
Correlation
The correlation between JMMF and GUNR is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025 | -0.19 |
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Return for Risk
JMMF vs. GUNR — Risk / Return Rank
JMMF
GUNR
JMMF vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| JMMF | GUNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.81 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.42 | 0.33 | +6.09 |
Drawdowns
JMMF vs. GUNR - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for JMMF and GUNR.
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Drawdown Indicators
| JMMF | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -45.64% | +45.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
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 | 0.00% | -1.88% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -10.41% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.78% | — |
Volatility
JMMF vs. GUNR - Volatility Comparison
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Volatility by Period
| JMMF | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.54% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 15.17% | -14.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.54% | 18.98% | -18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.54% | 20.43% | -19.89% |
JMMF vs. GUNR - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than GUNR's 0.46% expense ratio.
Dividends
JMMF vs. GUNR - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 1.59%, less than GUNR's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.23% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.59% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMMF and GUNR have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.46% for GUNR.
GUNR has the higher dividend yield at 2.23%, compared with 1.59% for JMMF.
JMMF is categorized as Money Market, while GUNR is Commodity Producers Equities. They also come from different issuers: JPMorgan and Northern Trust. Their fees differ too: 0.16% for JMMF and 0.46% for GUNR.
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