GUNR vs QQQ
FlexShares Morningstar Global Upstream Natural Resources Index Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. GUNR delivered stronger 1-year returns. GUNR offers more diversification with 177 holdings.
Side-by-Side Comparison
| Metric | GUNR | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.46% | 0.18% | |
| AUM | $6.9B | $496.3B | |
| Dividend Yield | 2.33% | 0.44% | |
| Holdings | 177 | 108 | |
| YTD Return | +23.09% | +15.47% | |
| 1Y Return | +36.72% | +24.44% | |
| 3Y Return (annualized) | +15.75% | +25.47% | |
| 5Y Return (annualized) | +12.91% | +14.22% | |
| Volatility (annualized) | 18.6% | 30.6% | |
| Max Drawdown | -49.7% | -83.0% | |
| Fund Family | Flexshares Trust | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 16, 2011 | Mar 10, 1999 |
GUNR vs QQQ Performance
FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR) is a ETF from Flexshares Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GUNR returned +36.72% while QQQ returned +24.44%. Year to date, GUNR is up 23.09% versus a gain of 15.47% for QQQ.
Over three years, GUNR compounded at +15.75% per year against +25.47% for QQQ; over five years the annualized figures are +12.91% and +14.22% respectively. Across the full 15-year window we track, QQQ has the edge at +12.99% annualized vs +5.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 18.6% for GUNR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.7% for GUNR and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GUNR charges 0.46% per year while QQQ charges 0.18%. On a $10,000 position that is $46 vs $18 annually, a gap of $28 per year that compounds over a long holding period. On income, GUNR currently yields 2.33% against 0.44% for QQQ.
Holdings Overlap
GUNR and QQQ share 1 holdings out of 231 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GUNR | Weight in QQQ | Difference |
|---|---|---|---|
| FANG | 0.35% | 0.23% | 0.12% |
Frequently Asked Questions
Which is cheaper, GUNR or QQQ?
GUNR has an expense ratio of 0.46% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, GUNR or QQQ?
Over the past year GUNR returned +36.72% vs +24.44% for QQQ, so GUNR leads on 1-year performance. Over the longest common window we track (15 years), GUNR annualized +5.02% vs +12.99% for QQQ. Past performance does not guarantee future results.
Which is riskier, GUNR or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 18.6% for GUNR. Worst drawdown: GUNR -49.7% vs QQQ -83.0%.
Should I hold both GUNR and QQQ?
GUNR and QQQ have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GUNR and QQQ?
GUNR and QQQ share 1 common holdings with a 0.2% weight overlap. Combined, they hold 231 unique securities.
Which pays a higher dividend, GUNR or QQQ?
GUNR yields 2.33% while QQQ yields 0.44%, so GUNR currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.