SCHD vs. GUNR

Last updated Jul 26, 2026

SCHD (Schwab U.S. Dividend Equity ETF) and GUNR (FlexShares Morningstar Global Upstream Natural Resources Index Fund) are both exchange-traded funds - SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index, while GUNR is a Natural Resources fund tracking the Morningstar Global Upstream Natural Resources Index. Both are passively managed. Over the past 10 years, SCHD returned 12.52%/yr vs 10.26%/yr for GUNR. Their 0.69 correlation means they have sometimes moved together and sometimes differently. SCHD charges 0.06%/yr vs 0.46%/yr for GUNR.

Performance

SCHD vs. GUNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Dividend Equity ETF (SCHD) 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, SCHD achieves a 23.36% return, which is significantly higher than GUNR's 15.47% return. Over the past 10 years, SCHD has outperformed GUNR with an annualized return of 12.52%, while GUNR has yielded a comparatively lower 10.26% annualized return.

SCHD

• 1D: 1.49%
• 1M: 4.16%
• 6M: 16.12%
• YTD: 23.36%
• 1Y: 26.33%
• 3Y*: 13.98%
• 5Y*: 9.51%
• 10Y*: 12.52%
• ALL TIME*: 13.37%

GUNR

• 1D: -0.13%
• 1M: 6.07%
• 6M: 3.93%
• YTD: 15.47%
• 1Y: 29.81%
• 3Y*: 10.45%
• 5Y*: 11.05%
• 10Y*: 10.26%
• ALL TIME*: 6.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	$10.72M	$19.11M	$19.24M
SCHD Schwab U.S. Dividend Equity ETF	$653.58M	$651.34M	$657.10M

SCHD vs. GUNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHD Schwab U.S. Dividend Equity ETF	23.36%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	15.47%	30.03%	-8.37%	-2.40%	14.83%	26.06%	0.46%	18.41%	-9.42%	18.74%

Correlation

The correlation between SCHD and GUNR is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.69

Over the past year, the correlation between SCHD and GUNR has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

SCHD vs. GUNR - Sectors Allocation Comparison

Sectors	SCHD	GUNR
Healthcare	20.8%	-
Consumer Defensive	20.6%	11.8%
Energy	14.1%	29.2%
Technology	12.7%	0.5%
Financial Services	9.9%	0.0%
Industrials	7.8%	0.5%
Consumer Cyclical	7.7%	0.4%
Communication Services	6.2%	1.7%
Basic Materials	1.2%	52.3%
Utilities	0.1%	5.4%
Real Estate	-	1.2%

Return for Risk

SCHD vs. GUNR — Risk / Return Rank

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

SCHD

SCHD Risk / Return Rank: 93
SCHD Sharpe Ratio Rank: 93
SCHD Sortino Ratio Rank: 94
SCHD Omega Ratio Rank: 91
SCHD Calmar Ratio Rank: 95
SCHD Martin Ratio Rank: 90

GUNR

GUNR Risk / Return Rank: 74
GUNR Sharpe Ratio Rank: 81
GUNR Sortino Ratio Rank: 75
GUNR Omega Ratio Rank: 77
GUNR Calmar Ratio Rank: 72
GUNR Martin Ratio Rank: 67

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.

SCHD vs. GUNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Dividend Equity ETF (SCHD) 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.

	SCHD	GUNR	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.87	+0.53
Sortino ratio: Return per unit of downside risk	3.74	2.43	+1.32
Omega ratio: Gain probability vs. loss probability	1.43	1.33	+0.10
Calmar ratio: Return relative to maximum drawdown	5.77	2.54	+3.23
Martin ratio: Return relative to average drawdown	14.17	8.17	+6.00

SCHD vs. GUNR - Sharpe Ratio Comparison

The current SCHD Sharpe Ratio is 2.41, which is comparable to the GUNR Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of SCHD 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

SCHD vs. GUNR - Drawdown Comparison

The maximum SCHD drawdown since its inception was -33.37%, smaller than the maximum GUNR drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for SCHD and GUNR.

Drawdown Indicators

	SCHD	GUNR	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-45.64%	+12.27%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-11.70%	+7.09%
Max Drawdown (3Y) Largest decline over 3 years	-16.13%	-19.59%	+3.46%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-24.06%	+7.21%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-43.04%	+9.67%
Current Drawdown Current decline from peak	0.00%	-5.61%	+5.61%
Average Drawdown Average peak-to-trough decline	-3.30%	-10.38%	+7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	3.64%	-1.76%

Volatility

SCHD vs. GUNR - Volatility Comparison

Schwab U.S. Dividend Equity ETF (SCHD) has a higher volatility of 3.85% compared to FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) at 3.48%. This indicates that SCHD'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.

Volatility by Period

	SCHD	GUNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	3.48%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	13.16%	-5.25%
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	15.91%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.37%	18.95%	-4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	20.31%	-3.60%

SCHD vs. GUNR - Expense Ratio Comparison

SCHD has a 0.06% expense ratio, which is lower than GUNR's 0.46% expense ratio.

Dividends

SCHD vs. GUNR - Dividend Comparison

SCHD's dividend yield for the trailing twelve months is around 3.15%, more 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%
SCHD Schwab U.S. Dividend Equity ETF	3.15%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both SCHD and GUNR in my portfolio?

SCHD and GUNR have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHD or GUNR?

SCHD has higher volatility (3.85%) compared to GUNR (3.48%). In terms of maximum drawdown, SCHD dropped -33.37% vs GUNR's -45.64%.

Which ETF is better, SCHD or GUNR?

On 10-year performance, SCHD leads with 12.52% vs 10.26% for GUNR. On fees, SCHD is cheaper at 0.06% per year. On volatility, GUNR has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHD or GUNR?

Over the 10-year period, SCHD has performed better with a 12.52% return vs 10.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHD or GUNR?

SCHD is cheaper with a 0.06% expense ratio, compared with 0.46% for GUNR.

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

SCHD has the higher dividend yield at 3.15%, compared with 2.32% for GUNR.

What is the main difference between SCHD and GUNR?

SCHD is categorized as Dividend, while GUNR is Natural Resources. SCHD tracks Dow Jones U.S. Dividend 100 Index, while GUNR tracks Morningstar Global Upstream Natural Resources Index. They also come from different issuers: Charles Schwab and Northern Trust. Their fees differ too: 0.06% for SCHD and 0.46% for GUNR.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.41 vs 1.87), 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.