NTSX vs. GUNR

Last updated Jun 13, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - NTSX is a Diversified Portfolio fund actively managed by WisdomTree, while GUNR is a Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index. NTSX is actively managed, while GUNR is passively managed. Over the past 5 years, NTSX returned 9.23%/yr vs 9.47%/yr for GUNR. A 0.53 correlation means they provide meaningful diversification when combined. NTSX charges 0.20%/yr vs 0.46%/yr for GUNR.

Performance

NTSX vs. GUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) 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, NTSX achieves a 7.28% return, which is significantly lower than GUNR's 15.74% return.

NTSX

• 1D: 0.53%
• 1M: -0.68%
• YTD: 7.28%
• 6M: 7.49%
• 1Y: 23.34%
• 3Y*: 18.55%
• 5Y*: 9.23%
• 10Y*: —

GUNR

• 1D: 1.19%
• 1M: -4.60%
• YTD: 15.74%
• 6M: 17.02%
• 1Y: 32.88%
• 3Y*: 12.40%
• 5Y*: 9.47%
• 10Y*: 11.10%

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

NTSX vs. GUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	7.28%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	32.03%	-7.87%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	15.74%	30.03%	-8.37%	-2.40%	14.83%	26.06%	0.46%	18.41%	-11.29%

Correlation

The correlation between NTSX and GUNR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Aug 2, 2018	0.53

The correlation between NTSX and GUNR shifts across timeframes, from 0.34 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

NTSX vs. GUNR - Sectors Allocation Comparison

Sectors	NTSX	GUNR
Technology	35.1%	0.5%
Communication Services	12.5%	1.7%
Financial Services	12.3%	2.7%
Consumer Cyclical	10.1%	0.2%
Healthcare	8.4%	-
Industrials	7.7%	2.3%
Consumer Defensive	5.5%	11.5%
Energy	3.5%	29.3%
Utilities	2.1%	4.0%
Real Estate	1.5%	0.2%
Basic Materials	1.4%	45.1%

Return for Risk

NTSX vs. GUNR — Risk / Return Rank

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

NTSX

NTSX Risk / Return Rank: 59
NTSX Sharpe Ratio Rank: 58
NTSX Sortino Ratio Rank: 56
NTSX Omega Ratio Rank: 57
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

GUNR

GUNR Risk / Return Rank: 80
GUNR Sharpe Ratio Rank: 79
GUNR Sortino Ratio Rank: 72
GUNR Omega Ratio Rank: 75
GUNR Calmar Ratio Rank: 87
GUNR Martin Ratio Rank: 88

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.

NTSX vs. GUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	GUNR	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.18	-0.46
Sortino ratio: Return per unit of downside risk	2.33	2.79	-0.46
Omega ratio: Gain probability vs. loss probability	1.31	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	2.42	4.40	-1.98
Martin ratio: Return relative to average drawdown	10.43	16.53	-6.10

NTSX vs. GUNR - Sharpe Ratio Comparison

The current NTSX Sharpe Ratio is 1.72, which is comparable to the GUNR Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of NTSX 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

NTSX vs. GUNR - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for NTSX and GUNR.

Drawdown Indicators

	NTSX	GUNR	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-45.64%	+14.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-7.77%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-19.59%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-24.06%	-7.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.04%	—
Current Drawdown Current decline from peak	-2.27%	-5.39%	+3.12%
Average Drawdown Average peak-to-trough decline	-6.78%	-10.39%	+3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.06%	+0.07%

Volatility

NTSX vs. GUNR - Volatility Comparison

WisdomTree U.S. Efficient Core Fund (NTSX) and FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) have volatilities of 5.05% and 5.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSX	GUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	5.11%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	13.13%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	15.69%	-2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	19.06%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	20.44%	-2.14%

NTSX vs. GUNR - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is lower than GUNR's 0.46% expense ratio.

Dividends

NTSX vs. GUNR - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.09%, less than GUNR's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	2.31%	2.81%	3.39%	3.55%	4.12%	3.61%	2.79%	3.25%	3.27%	2.00%	1.73%	4.50%
NTSX WisdomTree U.S. Efficient Core Fund	1.09%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NTSX and GUNR in my portfolio?

NTSX and GUNR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSX or GUNR?

GUNR has higher volatility (5.11%) compared to NTSX (5.05%). In terms of maximum drawdown, NTSX dropped -31.34% vs GUNR's -45.64%.

Which ETF is better, NTSX or GUNR?

On 5-year performance, GUNR leads with 9.47% vs 9.23% for NTSX. On fees, NTSX is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSX or GUNR?

Over the 5-year period, GUNR has performed better with a 9.47% return vs 9.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSX or GUNR?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.46% for GUNR.

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

GUNR has the higher dividend yield at 2.31%, compared with 1.09% for NTSX.

What is the main difference between NTSX and GUNR?

NTSX is categorized as Diversified Portfolio, while GUNR is Commodity Producers Equities. They also come from different issuers: WisdomTree and Northern Trust. Their fees differ too: 0.20% for NTSX and 0.46% for GUNR.

Which has better risk-adjusted returns?

GUNR currently has the higher Sharpe Ratio (2.18 vs 1.72), 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.