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TBLUvsGUNRETF Comparison

ETF 1
TBLU

Tortoise Global Water ETF

This fund is part of
Natural Resources
+1.44%
VS
ETF 2
GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

This fund is part of
Natural Resources
+1.44%

Tortoise Global Water ETF (TBLU) and FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF (GUNR) belong to the same industry segment: Natural Resources. TBLU's top 3 sector exposures are Industrials, Utilities and Materials. In contrast, GUNR's top sector exposures are Materials, Energy and Consumer Staples. TBLU is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.47% for GUNR. TBLU is down -2.47% year-to-date (YTD) with +$553K in YTD flows. GUNR performs better with 13.44% YTD performance, and +$593M in YTD flows. Run a side-by-side ETF comparison of TBLU and GUNR 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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TBLU vs GUNR performance and flow charts

Performance

-6.0-4.0-2.00.0%May 11May 18May 26Jun 2Jun 9

Cumulative Flows

May 11May 18May 26Jun 2Jun 9

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Historic performance and flows
Data as of 06/11/2026
1M3MYTD1Y3Y5Y
Perf.
TBLU
GUNR
-3.06%-6.23%
-3.89%-4.39%
-2.47%+13.44%
-2.68%+32.24%
+29.36%+41.43%
+20.69%+54.83%
Flows
TBLU
GUNR
--
-+$101M
+$553K+$593M
+$481K+$852M
-$6M-$1.42B
+$4M+$171M
Volatility and drawdown
3M1Y3Y5Y
Volatility
TBLU
GUNR
+16.04%+13.36%
+13.22%+13.62%
+13.87%+14.27%
+15.88%+16.86%
Max drawdown
TBLU
GUNR
-8.30%-7.23%
-12.75%-7.23%
-15.04%-18.53%
-34.73%-23.49%
Max drawdown duration
TBLU
GUNR
58d29d
102d29d
140d427d
867d1239d
Trading data

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TBLU
GUNR
Last sale
6/12/2026 at 6:34 PM
$52.97
Previous close
06/11/2026
$52.25
Consolidated volume
06/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of May 29, 2026
1-year trailing difference

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TBLU
GUNR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 6/12/2026 at 6:34 PM
Live
Closed
TBLU
GUNR
Last price
$52.97
1D performance
+1.38%
AuM$52.67 M$7.09 B
E/R0.4%0.47%
Characteristics
TBLU
GUNR
Management strategyPassivePassive
ProviderTortoise CapitalFlexShares
BenchmarkTortoise Global Water IndexMorningstar Global Upstream Natural Resources Index
N° of holdings5492
Asset class-Equities
Trailing 12m distribution yield
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Inception dateFebruary 15, 2017September 16, 2011
ESGYesNo
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Exposure

Countries

TBLU
USA
58.76%
Switzerland
10.51%
United Kingdom
8.22%
France
7.96%
Other
14.55%
GUNR
USA
32.57%
Canada
18.12%
United Kingdom
11.3%
Other
38.01%

Sectors

TBLU
Industrials
44.91%
Utilities
28.05%
Materials
7.03%
Other
20.01%
GUNR
Materials
40.76%
Energy
29.37%
Consumer Staples
7.29%
Other
22.58%
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Diversification

TBLU

Total weight of top 15 holdings out of 15

75.24%
GUNR

Total weight of top 15 holdings out of 15

45.22%

Top 15 holdings

Data as of April 30, 2026
TBLU
US31488V1070
8.42%
VEOLIA ENVIRONNEMENT VE
7.96%
XYLEM
7.34%
AMERICAN WATER WORKS
7.14%
ECOLAB
7.03%
GEBERIT
6.86%
US20441A1025
4.62%
IDEX
4.14%
PENTAIR PLC
3.94%
UNITED UTILITIES GROUP
3.94%
US92338C1036
3.70%
SEVERN TRENT
3.10%
STANTEC
2.87%
BELIMO
2.50%
ESSENTIAL UTILITIES INC
1.68%
GUNR
CORTEVA INC
4.88%
EXXON
4.84%
NUTRIEN LTD
4.65%
BHP GROUP LTD
4.28%
SHELL PLC
3.82%
CHEVRON TEXACO
3.68%
ARCHER DANIELS
3.18%
TOTALENERGIES SE
2.83%
RIO TINTO
2.21%
NEWMONT CORP
2.03%
AGNICO EAGLE MINES LTD
2.01%
BP
1.78%
TYSON FOODS
1.75%
CH1300646267
1.64%
CF INDUSTRIES HOLDINGS
1.63%
Frequently asked questions about TBLU and GUNR

How have the TBLU and GUNR ETFs performed in 2026?

As of June 11, 2026, TBLU is down -2.47% year-to-date (YTD), while GUNR has returned 13.44%. That puts GUNR better performer ahead so far this year.

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

Year-to-date, the TBLU ETF saw +$553K in flows, compared to +$593M for GUNR.

Which ETF is more volatile: TBLU or GUNR?

Over the past year, TBLU had a volatility of 13.22%, while GUNR experienced 13.62%.

Which ETF is bigger: TBLU or GUNR?

As of June 11, 2026, TBLU holds $52.67 M in assets under management (AUM), while GUNR manages $7.09 B.

What sectors do the TBLU and GUNR ETFs invest in?

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

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

TBLU top holdings include US31488V1070, VEOLIA ENVIRONNEMENT VE and XYLEM. GUNR holds in its top three: CORTEVA INC, EXXON and NUTRIEN LTD.

Which ETF is more diversified: TBLU or GUNR?

TBLU holds 57 securities with 75.24% of its assets in the top 15. GUNR has 92 securities and a top 15 weight of 45.22%.

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