NU vs. GUNR
NU (Nu Holdings Ltd.) is a stock, while GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) is Commodity Producers Equities fund tracking the Morningstar Global Upstream Natural Resources Index. Over the past 3 years, NU returned 17.37%/yr vs 12.40%/yr for GUNR. At a 0.27 correlation, their price movements are largely independent.
Performance
NU vs. GUNR - Performance Comparison
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Returns By Period
In the year-to-date period, NU achieves a -27.18% return, which is significantly lower than GUNR's 15.74% return.
NU
- 1D
- 0.83%
- 1M
- -4.91%
- YTD
- -27.18%
- 6M
- -27.87%
- 1Y
- 1.58%
- 3Y*
- 17.37%
- 5Y*
- —
- 10Y*
- —
GUNR
- 1D
- 1.19%
- 1M
- -5.35%
- YTD
- 15.74%
- 6M
- 17.02%
- 1Y
- 34.03%
- 3Y*
- 12.40%
- 5Y*
- 9.47%
- 10Y*
- 11.10%
NU vs. GUNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | -27.18% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 15.74% | 30.03% | -8.37% | -2.40% | 14.83% | 2.19% |
Correlation
The correlation between NU and GUNR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.27 |
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Return for Risk
NU vs. GUNR — Risk / Return Rank
NU
GUNR
NU vs. GUNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nu Holdings Ltd. (NU) 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.
| NU | GUNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.38 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 4.40 | -4.36 |
| Martin ratioReturn relative to average drawdown | 0.10 | 16.53 | -16.42 |
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Drawdowns
NU vs. GUNR - Drawdown Comparison
The maximum NU drawdown since its inception was -72.07%, which is greater than GUNR's maximum drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for NU and GUNR.
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Drawdown Indicators
| NU | GUNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -45.64% | -26.43% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -7.77% | -30.40% |
Max Drawdown (3Y)Largest decline over 3 years | -39.58% | -19.59% | -19.99% |
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 | -35.02% | -5.39% | -29.63% |
Average DrawdownAverage peak-to-trough decline | -29.77% | -10.39% | -19.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.36% | 2.06% | +13.30% |
Volatility
NU vs. GUNR - Volatility Comparison
Nu Holdings Ltd. (NU) has a higher volatility of 14.80% compared to FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) at 5.11%. This indicates that NU'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.
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Volatility by Period
| NU | GUNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.80% | 5.11% | +9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 28.91% | 13.13% | +15.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.77% | 15.69% | +23.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.48% | 19.06% | +39.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.48% | 20.44% | +38.04% |
Dividends
NU vs. GUNR - Dividend Comparison
NU has not paid dividends to shareholders, while GUNR's dividend yield for the trailing twelve months is around 2.31%.
| 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% |
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NU and GUNR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (14.80%) compared to GUNR (5.11%). In terms of maximum drawdown, NU dropped -72.07% vs GUNR's -45.64%.
GUNR currently has the higher Sharpe Ratio (2.18 vs 0.04), 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.
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