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GUNRvsCGWETF Comparison

ETF 1

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

This fund is part of

Natural Resources

+0.14%

Full GUNR fund page

VS

ETF 2

CGW

Invesco S&P Global Water Index ETF

This fund is part of

Natural Resources

+0.14%

Full CGW fund page

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF (GUNR) and Invesco S&P Global Water Index ETF (CGW) belong to the same industry segment: Natural Resources. GUNR's top 3 sector exposures are Materials, Energy and Consumer Staples. In contrast, CGW's top sector exposures are Utilities, Industrials and Materials. GUNR is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.59% for CGW. GUNR is up 19.09% year-to-date (YTD) with +$593M in YTD flows. CGW performs worse with 4.64% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of GUNR and CGW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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GUNR vs CGW performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GUNR CGW	+0.69%+5.42%	+5.90%-0.43%	+19.09%+4.64%	+46.21%+15.62%	+42.51%+40.28%	+71.00%+37.15%
Flows	GUNR CGW	-$19M-$496K	+$309M+$16M	+$593M+$26M	+$712M+$6M	-$1.40B-$196M	+$416M-$53M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GUNR CGW	+17.92%+14.48%	+13.07%+12.22%	+14.42%+13.56%	+16.90%+15.63%
Max drawdown	GUNR CGW	-6.11%-9.88%	-6.11%-9.88%	-18.53%-15.88%	-23.49%-32.65%
Max drawdown duration	GUNR CGW	35d60d	35d60d	427d140d	1239d862d

Trading data

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	GUNR	CGW
Last sale 4/28/2026 at 1:30 PM	$54.12	$65.16
Previous close 04/27/2026	$54.31	$65.79
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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	GUNR	CGW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/28/2026 at 1:30 PM

Live

Closed

	GUNR	CGW
Last price	$54.12	$65.16
1D performance	-0.35%	-0.95%
AuM	$7.44 B	$1.05 B
E/R	0.47%	0.59%

Characteristics

	GUNR	CGW
Management strategy	Passive	Passive
Provider	FlexShares	Invesco
Benchmark	Morningstar Global Upstream Natural Resources Index	S&P Global Water Index
N° of holdings	117	60
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	September 16, 2011	May 14, 2007
ESG	No	Yes

More GUNR data on Trackinsight

More CGW data on Trackinsight

Exposure

Countries

GUNR

USA

33.89%

Canada

18.33%

United Kingdom

11.12%

Other

36.66%

CGW

USA

58.28%

Brazil

12.68%

United Kingdom

9.99%

Other

19.05%

Sectors

GUNR

Materials

44.23%

Energy

32.78%

Consumer Staples

9.67%

Other

13.33%

CGW

Utilities

46.97%

Industrials

37.72%

Other

15.31%

Diversification

GUNR

Total weight of top 15 holdings out of 15

46.02%

CGW

Total weight of top 15 holdings out of 15

68.83%

Top 15 holdings

Data as of March 31, 2026

GUNR

EXXON

5.40%

CORTEVA INC

5.12%

NUTRIEN LTD

4.75%

SHELL PLC

4.02%

CHEVRON TEXACO

4.00%

BHP GROUP LTD

3.68%

ARCHER DANIELS

3.14%

TOTALENERGIES SE

2.85%

AGNICO EAGLE MINES LTD

2.13%

RIO TINTO

2.03%

NEWMONT CORP

1.98%

BP

1.81%

TYSON FOODS

1.73%

CF INDUSTRIES HOLDINGS

1.71%

CONOCOPHILLIPS

1.68%

CGW

COMPANHIA DE SANEAMENTO BASICO

9.69%

AMERICAN WATER WORKS

8.77%

XYLEM

6.87%

ESSENTIAL UTILITIES INC

6.06%

US92338C1036

5.18%

UNITED UTILITIES GROUP

4.76%

ECOLAB

3.96%

SEVERN TRENT

3.94%

ADVANCED DRAINAGE SYSTEMS

3.51%

GEBERIT

3.41%

WTTS WTER TECH

2.91%

PENTAIR PLC

2.57%

CORE & MAIN

2.55%

ZURN WATER SOLUTIONS CORP

2.45%

AMERICAN STATES WATER

2.19%

Frequently asked questions about GUNR and CGW

How have the GUNR and CGW ETFs performed in 2026?

As of April 27, 2026, GUNR is up 19.09% year-to-date (YTD), while CGW has returned 4.64%. That puts GUNR better performer ahead so far this year.

Which ETF is attracting more investor money: GUNR or CGW?

Year-to-date, the GUNR ETF saw +$593M in flows, compared to +$26M for CGW.

Which ETF is more volatile: GUNR or CGW?

Over the past year, GUNR had a volatility of 13.07%, while CGW experienced 12.22%.

Which ETF is bigger: GUNR or CGW?

As of April 27, 2026, GUNR holds $7.44 B in assets under management (AUM), while CGW manages $1.05 B.

What sectors do the GUNR and CGW ETFs invest in?

GUNR leans toward sectors like Materials, Energy and Consumer Staples. Meanwhile, CGW focuses on Utilities and Industrials.

What are the top holdings of the GUNR ETF and CGW ETF?

GUNR top holdings include EXXON, CORTEVA INC and NUTRIEN LTD. CGW holds in its top three: COMPANHIA DE SANEAMENTO BASICO, AMERICAN WATER WORKS and XYLEM.

Which ETF is more diversified: GUNR or CGW?

GUNR holds 120 securities with 46.02% of its assets in the top 15. CGW has 62 securities and a top 15 weight of 68.83%.

There's an ETF for that? The 3 Best ETFs for Investing in Water

January 17, 2024

CGW

GUNRvsCGWETF Comparison

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

Invesco S&P Global Water Index ETF

GUNR vs CGW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GUNR and CGW ETFs performed in 2026?

As of April 27, 2026, GUNR is up 19.09% year-to-date (YTD), while CGW has returned 4.64%. That puts GUNR better performer ahead so far this year.

Which ETF is attracting more investor money: GUNR or CGW?

Year-to-date, the GUNR ETF saw +$593M in flows, compared to +$26M for CGW.

Which ETF is more volatile: GUNR or CGW?

Over the past year, GUNR had a volatility of 13.07%, while CGW experienced 12.22%.

Which ETF is bigger: GUNR or CGW?

As of April 27, 2026, GUNR holds $7.44 B in assets under management (AUM), while CGW manages $1.05 B.

What sectors do the GUNR and CGW ETFs invest in?

GUNR leans toward sectors like Materials, Energy and Consumer Staples. Meanwhile, CGW focuses on Utilities and Industrials.

What are the top holdings of the GUNR ETF and CGW ETF?

GUNR top holdings include EXXON, CORTEVA INC and NUTRIEN LTD. CGW holds in its top three: COMPANHIA DE SANEAMENTO BASICO, AMERICAN WATER WORKS and XYLEM.

Which ETF is more diversified: GUNR or CGW?

GUNR holds 120 securities with 46.02% of its assets in the top 15. CGW has 62 securities and a top 15 weight of 68.83%.

There's an ETF for that? The 3 Best ETFs for Investing in Water

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