LIT vs. GUNR

Last updated Jun 24, 2026

LIT (Global X Lithium & Battery Tech ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - LIT is a Lithium & Battery Metals fund tracking the Solactive Global Lithium Index, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. Both are passively managed. Over the past 10 years, LIT returned 14.22%/yr vs 10.46%/yr for GUNR. A 0.62 correlation means they provide meaningful diversification when combined. LIT charges 0.75%/yr vs 0.46%/yr for GUNR.

Performance

LIT vs. GUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Lithium & Battery Tech ETF (LIT) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LIT achieves a 20.92% return, which is significantly higher than GUNR's 9.71% return. Over the past 10 years, LIT has outperformed GUNR with an annualized return of 14.22%, while GUNR has yielded a comparatively lower 10.46% annualized return.

LIT

• 1D: -5.01%
• 1M: -8.03%
• YTD: 20.92%
• 6M: 17.98%
• 1Y: 114.29%
• 3Y*: 8.82%
• 5Y*: 3.06%
• 10Y*: 14.22%

GUNR

• 1D: -1.68%
• 1M: -7.63%
• YTD: 9.71%
• 6M: 9.10%
• 1Y: 27.15%
• 3Y*: 11.55%
• 5Y*: 8.96%
• 10Y*: 10.46%

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

LIT vs. GUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIT Global X Lithium & Battery Tech ETF	20.92%	60.05%	-19.19%	-12.18%	-29.91%	36.74%	127.88%	3.27%	-28.63%	64.19%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	9.71%	30.03%	-8.37%	-2.40%	14.83%	26.06%	0.46%	18.41%	-9.42%	18.74%

Correlation

The correlation between LIT and GUNR is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011	0.62

The correlation between LIT and GUNR shifts across timeframes, from 0.52 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

LIT vs. GUNR - Sectors Allocation Comparison

Sectors	LIT	GUNR
Basic Materials	49.9%	49.4%
Industrials	25.0%	2.6%
Technology	16.0%	0.5%
Consumer Cyclical	9.1%	0.2%
Communication Services	-	1.7%
Consumer Defensive	-	12.1%
Energy	-	29.6%
Financial Services	-	2.9%
Healthcare	-	-
Real Estate	-	0.3%
Utilities	-	4.4%

Return for Risk

LIT vs. GUNR — Risk / Return Rank

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

LIT

LIT Risk / Return Rank: 91
LIT Sharpe Ratio Rank: 94
LIT Sortino Ratio Rank: 87
LIT Omega Ratio Rank: 85
LIT Calmar Ratio Rank: 94
LIT Martin Ratio Rank: 94

GUNR

GUNR Risk / Return Rank: 54
GUNR Sharpe Ratio Rank: 52
GUNR Sortino Ratio Rank: 47
GUNR Omega Ratio Rank: 50
GUNR Calmar Ratio Rank: 56
GUNR Martin Ratio Rank: 66

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.

LIT vs. GUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Lithium & Battery Tech ETF (LIT) 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.

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.

	LIT	GUNR	Difference
Sharpe ratio: Return per unit of total volatility	3.35	1.71	+1.64
Sortino ratio: Return per unit of downside risk	3.73	2.24	+1.49
Omega ratio: Gain probability vs. loss probability	1.49	1.30	+0.19
Calmar ratio: Return relative to maximum drawdown	6.98	2.64	+4.34
Martin ratio: Return relative to average drawdown	24.36	11.45	+12.91

LIT vs. GUNR - Sharpe Ratio Comparison

The current LIT Sharpe Ratio is 3.35, which is higher than the GUNR Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of LIT and GUNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LIT vs. GUNR - Drawdown Comparison

The maximum LIT drawdown since its inception was -65.91%, which is greater than GUNR's maximum drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for LIT and GUNR.

Drawdown Indicators

	LIT	GUNR	Difference
Max Drawdown Largest peak-to-trough decline	-65.91%	-45.64%	-20.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.46%	-10.31%	-6.15%
Max Drawdown (3Y) Largest decline over 3 years	-53.01%	-19.59%	-33.42%
Max Drawdown (5Y) Largest decline over 5 years	-65.91%	-24.06%	-41.85%
Max Drawdown (10Y) Largest decline over 10 years	-65.91%	-43.04%	-22.87%
Current Drawdown Current decline from peak	-15.46%	-10.31%	-5.15%
Average Drawdown Average peak-to-trough decline	-33.56%	-10.39%	-23.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	2.38%	+2.33%

Volatility

LIT vs. GUNR - Volatility Comparison

Global X Lithium & Battery Tech ETF (LIT) has a higher volatility of 11.76% compared to FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) at 5.24%. This indicates that LIT'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.

Volatility by Period

	LIT	GUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.76%	5.24%	+6.52%
Volatility (6M) Calculated over the trailing 6-month period	24.39%	13.31%	+11.08%
Volatility (1Y) Calculated over the trailing 1-year period	34.30%	15.93%	+18.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.09%	19.02%	+13.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.75%	20.37%	+10.38%

LIT vs. GUNR - Expense Ratio Comparison

LIT has a 0.75% expense ratio, which is higher than GUNR's 0.46% expense ratio.

Dividends

LIT vs. GUNR - Dividend Comparison

LIT's dividend yield for the trailing twelve months is around 0.40%, less than GUNR's 2.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	2.44%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%
LIT Global X Lithium & Battery Tech ETF	0.40%	0.49%	0.93%	1.11%	0.99%	0.22%	0.40%	1.85%	2.52%	3.26%	2.15%	0.24%

Frequently Asked Questions

Can I hold both LIT and GUNR in my portfolio?

LIT and GUNR have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LIT or GUNR?

LIT has higher volatility (11.76%) compared to GUNR (5.24%). In terms of maximum drawdown, LIT dropped -65.91% vs GUNR's -45.64%.

Which ETF is better, LIT or GUNR?

On 10-year performance, LIT leads with 14.22% vs 10.46% for GUNR. On fees, GUNR is cheaper at 0.46% per year. On volatility, GUNR has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LIT or GUNR?

Over the 10-year period, LIT has performed better with a 14.22% return vs 10.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LIT or GUNR?

GUNR is cheaper with a 0.46% expense ratio, compared with 0.75% for LIT.

Which ETF pays a higher dividend yield, LIT or GUNR?

GUNR has the higher dividend yield at 2.44%, compared with 0.40% for LIT.

What is the main difference between LIT and GUNR?

LIT is categorized as Lithium & Battery Metals, while GUNR is Natural Resources. LIT tracks Solactive Global Lithium Index, while GUNR tracks Morningstar Global Upstream Natural Resources Index. They also come from different issuers: Global X and Northern Trust. Their fees differ too: 0.75% for LIT and 0.46% for GUNR.

Which has better risk-adjusted returns?

LIT currently has the higher Sharpe Ratio (3.35 vs 1.71), 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.