GUNR vs HEQ
Northern Trust Morningstar Global Upstream Natural Resources ETF vs John Hancock Hedged Equity & Income Fund
Which is better, GUNR or HEQ?
Each has led over a different period.
GUNR has a lower expense ratio. GUNR led over 1Y, 5Y and the full window, HEQ over 3Y. GUNR is less concentrated, with 37.3% of the fund in its ten largest positions against 48.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GUNR | HEQ |
|---|---|---|
| Expense Ratio | 0.46%Best | 1.16% |
| AUM | $7.1B | $148M |
| Dividend Yield | 2.34% | 8.10% |
| Holdings | 177 | 659 |
| YTD Return | +18.20%Best | +10.91% |
| 1Y Return | +27.47%Best | +15.19% |
| 3Y Return (annualized) | +13.49% | +15.69%Best |
| 5Y Return (annualized) | +10.26%Best | +6.94% |
| Volatility (annualized) | 18.6% | 14.7%Best |
| Max Drawdown | -49.7%Best | -56.1% |
| $10,000 over 5 years | $16,296Best | $13,986 |
| Top 10 Weight | 37.3%Best | 48.2% |
| Fund Family | Northern Trust Asset Management | John Hancock Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 16, 2011 | May 26, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Sep 22, 2011 to Oct 14, 2026 (15.1 years).
GUNR vs HEQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.1 years both funds cover.
GUNR vs HEQ Performance
Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) is an ETF from Northern Trust Asset Management and John Hancock Hedged Equity & Income Fund (HEQ) is an ETF from John Hancock Investment Management. Over the past year GUNR returned +27.47% while HEQ returned +15.19%. Year to date, GUNR is up 18.20% versus a gain of 10.91% for HEQ.
Over three years, GUNR compounded at +13.49% per year against +15.69% for HEQ; over five years the annualized figures are +10.26% and +6.94% respectively. Across the full 15-year window we track, GUNR has the edge at +4.69% annualized vs +1.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GUNR has been the more volatile fund, with annualized monthly volatility of 18.6% compared with 14.7% for HEQ. 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 -56.1% for HEQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GUNR charges 0.46% per year while HEQ charges 1.16%. On a $10,000 position that is $46 vs $116 annually, a gap of $70 per year that compounds over a long holding period. On income, GUNR currently yields 2.34% against 8.10% for HEQ.
Holdings Overlap
6.8% of GUNR's money is in holdings HEQ also owns. 6.8% of HEQ's money is in holdings GUNR also owns.
HEQ and GUNR share little of their money.
5 positions in common, counted across the 129 positions we hold weights for in GUNR and 54 in HEQ, against full books of 177 and 659.
What only one of them owns
Our book lists 38 positions for HEQ that do not appear in our book for GUNR (84.0% of the fund), and 29 for GUNR that do not appear in HEQ (30.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of GUNR and HEQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GUNR or HEQ?
GUNR has an expense ratio of 0.46% while HEQ charges 1.16%. GUNR is the cheaper option, by $70 a year on a $10,000 investment.
Which performed better, GUNR or HEQ?
Over the past year GUNR returned +27.47% vs +15.19% for HEQ, so GUNR leads on 1-year performance. Over the longest common window we track (15 years), GUNR annualized +4.69% vs +1.51% for HEQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GUNR or HEQ?
GUNR has been the more volatile fund at 18.6% annualized versus 14.7% for HEQ. Worst drawdown: GUNR -49.7% vs HEQ -56.1%.
Should I hold both GUNR and HEQ?
GUNR and HEQ have a monthly-return correlation of 0.73, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GUNR and HEQ?
6.8% of HEQ's money is in holdings GUNR also owns. 6.8% of HEQ's is in holdings GUNR also owns. They hold 5 positions in common, counted across the 129 positions we hold weights for in GUNR and 54 in HEQ.
Which pays a higher dividend, GUNR or HEQ?
GUNR yields 2.34% while HEQ yields 8.10%, so HEQ currently pays the higher dividend yield.
Is HEQ better than GUNR?
GUNR has a lower expense ratio. GUNR led over 1Y, 5Y and the full window, HEQ over 3Y. GUNR is less concentrated, with 37.3% of the fund in its ten largest positions against 48.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.