MUND vs. GUNR
MUND (Northern Trust 2055 Tax-Exempt Distributing Ladder ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - MUND is a Municipal Bonds fund actively managed by Northern Trust, while GUNR is a Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index. MUND is actively managed, while GUNR is passively managed. At a correlation of -0.03, they often move in opposite directions. MUND charges 0.18%/yr vs 0.46%/yr for GUNR.
Performance
MUND vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, MUND achieves a 1.28% return, which is significantly lower than GUNR's 14.69% return.
MUND
- 1D
- -0.09%
- 1M
- -0.18%
- YTD
- 1.28%
- 6M
- 1.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- -3.54%
- 1M
- -2.87%
- YTD
- 14.69%
- 6M
- 17.27%
- 1Y
- 35.96%
- 3Y*
- 12.75%
- 5Y*
- 9.08%
- 10Y*
- 10.48%
MUND vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MUND Northern Trust 2055 Tax-Exempt Distributing Ladder ETF | 1.28% | 4.34% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 14.69% | 12.99% |
Correlation
The correlation between MUND and GUNR is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | -0.03 |
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Return for Risk
MUND vs. GUNR — Risk / Return Rank
MUND
GUNR
MUND vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2055 Tax-Exempt Distributing Ladder ETF (MUND) 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
| MUND | GUNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.32 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.31 | +0.68 |
Drawdowns
MUND vs. GUNR - Drawdown Comparison
The maximum MUND drawdown since its inception was -4.19%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for MUND and GUNR.
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Drawdown Indicators
| MUND | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.19% | -45.64% | +41.45% |
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 | -1.96% | -6.25% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -10.40% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.84% | — |
Volatility
MUND vs. GUNR - Volatility Comparison
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Volatility by Period
| MUND | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 15.58% | -8.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 19.04% | -11.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 20.44% | -13.15% |
MUND vs. GUNR - Expense Ratio Comparison
MUND has a 0.18% expense ratio, which is lower than GUNR's 0.46% expense ratio.
Dividends
MUND vs. GUNR - Dividend Comparison
MUND's dividend yield for the trailing twelve months is around 2.81%, more than GUNR's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.33% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
MUND Northern Trust 2055 Tax-Exempt Distributing Ladder ETF | 2.81% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MUND and GUNR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MUND is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MUND is cheaper with a 0.18% expense ratio, compared with 0.46% for GUNR.
MUND has the higher dividend yield at 2.81%, compared with 2.33% for GUNR.
MUND is categorized as Municipal Bonds, while GUNR is Commodity Producers Equities. Their fees differ too: 0.18% for MUND and 0.46% for GUNR.
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