GUNRvsMGNRETF Comparison
ETF 1
GUNR
Northern Trust Morningstar Global Upstream Natural Resources ETF
This fund is part of
Natural Resources
-0%
VS
Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) and American Beacon GLG Natural Resources ETF (MGNR) belong to the same industry segment: Natural Resources. Both ETFs have the same top 3 sector exposures: Non-Energy Materials, Energy and Consumer Non-Cyclicals. GUNR is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.75% for MGNR. GUNR is up 19.01% year-to-date (YTD) with +$290M in YTD flows. MGNR performs worse with 10.74% YTD performance, and +$925M in YTD flows. Run a side-by-side ETF comparison of GUNR and MGNR 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 MGNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GUNR MGNR | +0.80%-3.01% | +4.56%+1.45% | +19.01%+10.74% | +25.84%+20.12% | +51.27%n/a | +62.88%n/a |
| Flows | GUNR MGNR | +$66M+$27M | -$377M+$463M | +$290M+$925M | +$445M+$979M | -$1.83B- | -$658M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GUNR MGNR | +12.50%+21.53% | +14.51%+23.86% | +14.02%n/a | +16.58%n/a |
| Max drawdown | GUNR MGNR | -8.12%-16.16% | -11.57%-16.59% | -18.53%n/a | -23.49%n/a |
| Max drawdown duration | GUNR MGNR | 49d64d | 98d148d | 427dn/a | 1239dn/a |
Trading data
GUNR | MGNR | |
Last sale 10/29/2026 at 1:30 PM | $53.74 | $47.94 |
| Previous close 10/28/2026 | $53.87 | $48.58 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MGNR
is actively managed and doesn’t replicate an indexGUNR | MGNR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
GUNR | MGNR | |
|---|---|---|
| Last price | $53.74 | $47.94 |
| 1D performance | -0.24% | -1.32% |
| AuM | $7.03 B | $1.25 B |
| E/R | 0.47% | 0.75% |
Characteristics
GUNR | MGNR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Northern Trust | American Beacon |
| Benchmark | Morningstar Global Upstream Natural Resources Index | - |
| N° of holdings | 120 | 44 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2011 | February 6, 2024 |
| ESG | No | No |
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Exposure
Countries
GUNR
USA
34.45%
Canada
18.23%
United Kingdom
10.69%
Australia
7.06%
Other
29.58%
MGNR
USA
48.17%
Canada
28.99%
Other
22.84%
Sectors
GUNR
Non-Energy Materi.
50.42%
Energy
30.32%
Consumer Non-Cycl.
11.23%
Other
8.03%
MGNR
Non-Energy Materi.
59.73%
Energy
25.15%
Consumer Non-Cycl.
7.82%
Other
7.3%
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Diversification
GUNR
Total weight of top 15 holdings out of 15
44.41%
MGNR
Total weight of top 15 holdings out of 15
56.85%
Top 15 holdings
Data as of August 31, 2026
GUNR
BHP Group Ltd.
4.83%
Corteva, Inc.
4.82%
ExxonMobil Holdings Corp.
4.70%
Nutrien Ltd.
4.24%
Chevron Corp.
3.50%
Shell Plc
3.45%
Archer-Daniels-Midland Co.
3.05%
TotalEnergies SE
2.52%
Newmont Corp.
2.33%
Rio Tinto Plc
2.24%
Agnico Eagle Mines Ltd.
2.24%
Freeport-McMoRan, Inc.
1.74%
CF Industries Holdings, Inc.
1.64%
Barrick Mining Corp.
1.57%
Wheaton Precious Metals Corp.
1.55%
MGNR
ArcelorMittal SA
4.49%
Venture Global, Inc.
4.23%
Teck Resources Limited
4.14%
Hudbay Minerals, Inc.
4.07%
Anglogold Ashanti Plc
4.03%
Smurfit WestRock Plc
4.03%
Range Resources Corp.
3.86%
Kinross Gold Corp.
3.82%
Equinox Gold Corp.
3.68%
First Quantum Minerals Ltd.
3.57%
Darling Ingredients, Inc.
3.52%
Antero Resources Corp.
3.51%
Vista Energy SAB de CV
3.47%
Freeport-McMoRan, Inc.
3.32%
Bunge Global SA
3.10%
Frequently asked questions about GUNR and MGNR
How have the GUNR and MGNR ETFs performed in 2026?
As of October 28, 2026, GUNR is up 19.01% year-to-date (YTD), while MGNR has returned 10.74%. That puts GUNR better performer ahead so far this year.
Which ETF is attracting more investor money: GUNR or MGNR?
Year-to-date, the GUNR ETF saw +$290M in flows, compared to +$925M for MGNR.
Which ETF is more volatile: GUNR or MGNR?
Over the past year, GUNR had a volatility of 14.51%, while MGNR experienced 23.86%.
Which ETF is bigger: GUNR or MGNR?
As of October 28, 2026, GUNR holds $7.03 B in assets under management (AUM), while MGNR manages $1.25 B.
What sectors do the GUNR and MGNR ETFs invest in?
GUNR leans toward sectors like Non-Energy Materials, Energy and Consumer Non-Cyclicals. Meanwhile, MGNR focuses on Non-Energy Materials, Energy and Consumer Non-Cyclicals.
What are the top holdings of the GUNR ETF and MGNR ETF?
GUNR top holdings include BHP Group Ltd., Corteva, Inc. and ExxonMobil Holdings Corp.. MGNR holds in its top three: ArcelorMittal SA, Venture Global, Inc. and Teck Resources Limited.
Which ETF is more diversified: GUNR or MGNR?
GUNR holds 120 securities with 44.41% of its assets in the top 15. MGNR has 44 securities and a top 15 weight of 56.85%.
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