NLSI vs. GUNR
NLSI (Neos Long/Short Equity Income ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - NLSI is a Long-Short fund actively managed by Neos, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. NLSI is actively managed, while GUNR is passively managed. At a correlation of -0.09, they often move in opposite directions. NLSI charges 2.89%/yr vs 0.46%/yr for GUNR.
Performance
NLSI vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, NLSI achieves a -0.07% return, which is significantly lower than GUNR's 8.11% return.
NLSI
- 1D
- -0.57%
- 1M
- -1.97%
- YTD
- -0.07%
- 6M
- -0.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- -1.47%
- 1M
- -8.99%
- YTD
- 8.11%
- 6M
- 7.57%
- 1Y
- 26.22%
- 3Y*
- 11.00%
- 5Y*
- 8.59%
- 10Y*
- 10.30%
NLSI vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NLSI Neos Long/Short Equity Income ETF | -0.07% | 2.51% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 8.11% | 2.80% |
Correlation
The correlation between NLSI and GUNR is -0.09, 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 Dec 10, 2025 | -0.09 |
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Return for Risk
NLSI vs. GUNR — Risk / Return Rank
NLSI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUNR
NLSI vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neos Long/Short Equity Income ETF (NLSI) 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.
| NLSI | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.27 | — |
| Martin ratioReturn relative to average drawdown | — | 10.57 | — |
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Drawdowns
NLSI vs. GUNR - Drawdown Comparison
The maximum NLSI drawdown since its inception was -13.82%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for NLSI and GUNR.
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Drawdown Indicators
| NLSI | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.82% | -45.64% | +31.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.63% | — |
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 | -7.86% | -11.63% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -6.05% | -10.39% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.49% | — |
Volatility
NLSI vs. GUNR - Volatility Comparison
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Volatility by Period
| NLSI | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 16.01% | +3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 19.03% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.85% | 20.37% | -0.52% |
NLSI vs. GUNR - Expense Ratio Comparison
NLSI has a 2.89% expense ratio, which is higher than GUNR's 0.46% expense ratio.
Dividends
NLSI vs. GUNR - Dividend Comparison
NLSI's dividend yield for the trailing twelve months is around 2.59%, more than GUNR's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.48% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
NLSI Neos Long/Short Equity Income ETF | 2.59% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NLSI and GUNR have a correlation of -0.09, 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 2.89% for NLSI.
NLSI has the higher dividend yield at 2.59%, compared with 2.48% for GUNR.
NLSI is categorized as Long-Short, while GUNR is Natural Resources. They also come from different issuers: Neos and Northern Trust. Their fees differ too: 2.89% for NLSI and 0.46% for GUNR.
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