METL vs. GUNR
METL (Sprott Active Metals & Miners ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both Natural Resources funds. METL is actively managed, while GUNR is passively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. METL charges 0.89%/yr vs 0.46%/yr for GUNR.
Performance
METL vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a -4.20% return, which is significantly lower than GUNR's 15.36% return.
METL
- 1D
- -1.47%
- 1M
- -5.60%
- 6M
- -18.65%
- YTD
- -4.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GUNR
- 1D
- -1.34%
- 1M
- 5.08%
- 6M
- 4.45%
- YTD
- 15.36%
- 1Y
- 33.75%
- 3Y*
- 10.87%
- 5Y*
- 10.53%
- 10Y*
- 10.25%
- ALL TIME*
- 6.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.90M | $15.47M | $20.20M | |
| $253.61K | $342.11K | $593.78K |
METL vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | -4.20% | 28.19% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 15.36% | 8.51% |
Correlation
The correlation between METL and GUNR is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.69 |
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Return for Risk
METL vs. GUNR — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUNR
METL vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.
| METL | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.84 | — |
| Martin ratioReturn relative to average drawdown | — | 8.94 | — |
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Drawdowns
METL vs. GUNR - Drawdown Comparison
The maximum METL drawdown since its inception was -28.80%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for METL and GUNR.
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Drawdown Indicators
| METL | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.80% | -45.64% | +16.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.70% | — |
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 | -27.36% | -5.70% | -21.66% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -10.37% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.71% | — |
Volatility
METL vs. GUNR - Volatility Comparison
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Volatility by Period
| METL | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 15.95% | +27.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.84% | 18.95% | +24.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.84% | 20.32% | +23.52% |
METL vs. GUNR - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than GUNR's 0.46% expense ratio.
Dividends
METL vs. GUNR - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 1.04%, less than GUNR's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.32% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
METL Sprott Active Metals & Miners ETF | 1.04% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
METL and GUNR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GUNR is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GUNR is cheaper with a 0.46% expense ratio, compared with 0.89% for METL.
GUNR has the higher dividend yield at 2.32%, compared with 1.04% for METL.
They also come from different issuers: Sprott and Northern Trust. Their fees differ too: 0.89% for METL and 0.46% for GUNR.
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