TBLUvsGUNRETF Comparison
VS
ETF 2
GUNR
FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF
This fund is part of
Natural Resources
-0.05%
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 Non-Energy Materials. In contrast, GUNR's top sector exposures are Non-Energy Materials, Energy and Consumer Non-Cyclicals. TBLU is less expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.47% for GUNR. TBLU is up 1.01% year-to-date (YTD) with +$3M in YTD flows. GUNR performs better with 15.17% YTD performance, and +$667M 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
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TBLU GUNR | +0.62%+6.55% | -2.32%-3.33% | +1.01%+15.17% | -1.97%+29.38% | +28.14%+36.87% | +21.43%+66.60% |
| Flows | TBLU GUNR | +$3M+$74M | +$3M+$74M | +$3M+$667M | +$3M+$982M | -$4M-$1.41B | +$4M+$127M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TBLU GUNR | +14.65%+13.93% | +13.61%+13.97% | +13.95%+14.20% | +15.91%+16.77% |
| Max drawdown | TBLU GUNR | -7.33%-11.57% | -12.75%-11.57% | -15.04%-18.53% | -34.73%-23.49% |
| Max drawdown duration | TBLU GUNR | 81d72d | 145d72d | 140d427d | 867d1239d |
Trading data
TBLU | GUNR | |
Last sale 7/27/2026 at 1:30 PM | $51.86 | |
| Previous close 07/24/2026 | $52.39 | |
| Consolidated volume 07/24/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/27/2026 at 1:30 PM
Live
Closed
TBLU | GUNR | |
|---|---|---|
| Last price | – | $51.86 |
| 1D performance | – | -1.01% |
| AuM | $56.57 M | $7.22 B |
| E/R | 0.4% | 0.47% |
Characteristics
TBLU | GUNR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Tortoise Capital | FlexShares |
| Benchmark | Tortoise Global Water Index | Morningstar Global Upstream Natural Resources Index |
| N° of holdings | 58 | 120 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 15, 2017 | September 16, 2011 |
| ESG | Yes | No |
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Exposure
Countries
TBLU
USA
57.52%
United Kingdom
10.54%
Switzerland
9%
France
7.28%
Other
15.66%
GUNR
USA
35.64%
Canada
16.98%
United Kingdom
10.73%
Other
36.65%
Sectors
TBLU
Industrials
46.68%
Utilities
24.2%
Non-Energy Materi.
16.35%
Business Services
7.78%
Other
4.99%
GUNR
Non-Energy Materi.
49.97%
Energy
29.96%
Consumer Non-Cycl.
11.89%
Other
8.18%
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Diversification
TBLU
Total weight of top 15 holdings out of 15
71.15%
GUNR
Total weight of top 15 holdings out of 15
44.09%
Top 15 holdings
Data as of June 30, 2026
TBLU
Ecolab, Inc.
7.80%
Xylem, Inc.
7.68%
American Water Works Co., Inc.
7.42%
Ferguson Enterprises, Inc.
7.30%
Veolia Environnement SA
7.28%
Veralto Corp.
4.09%
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP
4.07%
Geberit AG
4.01%
IDEX Corp.
3.99%
United Utilities Group Plc
3.72%
BELIMO Holding AG
3.65%
Severn Trent Plc
3.44%
Stantec, Inc.
2.63%
Pentair plc
2.09%
Kurita Water Industries Ltd.
1.98%
GUNR
Corteva, Inc.
5.51%
BHP Group Ltd.
4.73%
Exxon Mobil Corp.
4.69%
Nutrien Ltd.
4.01%
Chevron Corp.
3.36%
Shell Plc
3.35%
Archer-Daniels-Midland Co.
3.30%
TotalEnergies SE
2.59%
Rio Tinto Plc
2.32%
Newmont Corp.
1.97%
Agnico Eagle Mines Ltd.
1.91%
Tyson Foods, Inc.
1.68%
Freeport-McMoRan, Inc.
1.61%
CF Industries Holdings, Inc.
1.57%
BP Plc
1.49%
Frequently asked questions about TBLU and GUNR
How have the TBLU and GUNR ETFs performed in 2026?
As of July 24, 2026, TBLU is up 1.01% year-to-date (YTD), while GUNR has returned 15.17%. 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 +$3M in flows, compared to +$667M for GUNR.
Which ETF is more volatile: TBLU or GUNR?
Over the past year, TBLU had a volatility of 13.61%, while GUNR experienced 13.97%.
Which ETF is bigger: TBLU or GUNR?
As of July 24, 2026, TBLU holds $56.57 M in assets under management (AUM), while GUNR manages $7.22 B.
What sectors do the TBLU and GUNR ETFs invest in?
TBLU leans toward sectors like Industrials, Utilities and Non-Energy Materials. Meanwhile, GUNR focuses on Non-Energy Materials, Energy and Consumer Non-Cyclicals.
What are the top holdings of the TBLU ETF and GUNR ETF?
TBLU top holdings include Ecolab, Inc., Xylem, Inc. and American Water Works Co., Inc.. GUNR holds in its top three: Corteva, Inc., BHP Group Ltd. and Exxon Mobil Corp..
Which ETF is more diversified: TBLU or GUNR?
TBLU holds 58 securities with 71.15% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.09%.
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