GUNRvsMGNRETF Comparison
ETF 1
GUNR
Northern Trust Morningstar Global Upstream Natural Resources ETF
This fund is part of
Natural Resources
-0.34%
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. GUNR's top 3 sector exposures are Non-Energy Materials, Energy and Consumer Non-Cyclicals. In contrast, MGNR's top sector exposures are Non-Energy Materials, Energy and Industrials. GUNR is less expensive with a Total Expense Ratio (TER) of 0.47%, versus 0.75% for MGNR. GUNR is up 24.56% year-to-date (YTD) with +$224M in YTD flows. MGNR performs worse with 23.81% YTD performance, and +$844M 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 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GUNR MGNR | +5.03%+2.92% | +9.80%+5.21% | +24.56%+23.81% | +33.45%+41.38% | +50.95%n/a | +80.67%n/a |
| Flows | GUNR MGNR | -$28M+$373M | -$369M+$430M | +$224M+$844M | +$558M+$960M | -$1.87B- | -$570M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GUNR MGNR | +13.48%+20.88% | +14.29%+24.13% | +14.13%n/a | +16.68%n/a |
| Max drawdown | GUNR MGNR | -6.60%-9.43% | -11.57%-15.40% | -18.53%n/a | -23.49%n/a |
| Max drawdown duration | GUNR MGNR | 37d54d | 98d101d | 427dn/a | 1239dn/a |
Trading data
GUNR | MGNR | |
Last sale 9/11/2026 at 1:30 PM | $56.62 | $54.27 |
| Previous close 09/11/2026 | $56.63 | $54.39 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/11/2026 at 1:30 PM
Live
Closed
GUNR | MGNR | |
|---|---|---|
| Last price | $56.62 | $54.27 |
| 1D performance | -0.02% | -0.22% |
| AuM | $7.34 B | $1.31 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 | 40 |
| 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
35.18%
Canada
16.87%
United Kingdom
11.2%
Other
36.76%
MGNR
USA
49.52%
Canada
27.08%
Other
23.4%
Sectors
GUNR
Non-Energy Materi.
48.06%
Energy
32.26%
Consumer Non-Cycl.
11.72%
Other
7.97%
MGNR
Non-Energy Materi.
54.73%
Energy
26.22%
Industrials
8.24%
Consumer Non-Cycl.
8.2%
Other
2.6%
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Diversification
GUNR
Total weight of top 15 holdings out of 15
44.47%
MGNR
Total weight of top 15 holdings out of 15
56.86%
Top 15 holdings
Data as of July 31, 2026
GUNR
ExxonMobil Holdings Corp.
5.04%
Corteva, Inc.
4.89%
BHP Group Ltd.
4.57%
Nutrien Ltd.
4.29%
Shell Plc
3.73%
Chevron Corp.
3.69%
Archer-Daniels-Midland Co.
3.20%
TotalEnergies SE
2.76%
Rio Tinto Plc
2.24%
Newmont Corp.
1.84%
CF Industries Holdings, Inc.
1.76%
Agnico Eagle Mines Ltd.
1.70%
BP Plc
1.67%
Tyson Foods, Inc.
1.56%
Freeport-McMoRan, Inc.
1.54%
MGNR
ArcelorMittal SA
4.70%
Hudbay Minerals, Inc.
4.68%
Teck Resources Limited
4.41%
Smurfit WestRock Plc
4.40%
Range Resources Corp.
4.34%
Vista Energy SAB de CV
3.81%
First Quantum Minerals Ltd.
3.77%
Venture Global, Inc.
3.73%
Antero Resources Corp.
3.67%
Darling Ingredients, Inc.
3.59%
Freeport-McMoRan, Inc.
3.52%
Anglogold Ashanti Plc
3.17%
Bunge Global SA
3.16%
EQT Corp.
3.02%
Nextpower, Inc.
2.90%
Frequently asked questions about GUNR and MGNR
How have the GUNR and MGNR ETFs performed in 2026?
As of September 11, 2026, GUNR is up 24.56% year-to-date (YTD), while MGNR has returned 23.81%. 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 +$224M in flows, compared to +$844M for MGNR.
Which ETF is more volatile: GUNR or MGNR?
Over the past year, GUNR had a volatility of 14.29%, while MGNR experienced 24.13%.
Which ETF is bigger: GUNR or MGNR?
As of September 11, 2026, GUNR holds $7.34 B in assets under management (AUM), while MGNR manages $1.31 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 Industrials.
What are the top holdings of the GUNR ETF and MGNR ETF?
GUNR top holdings include ExxonMobil Holdings Corp., Corteva, Inc. and BHP Group Ltd.. MGNR holds in its top three: ArcelorMittal SA, Hudbay Minerals, Inc. and Teck Resources Limited.
Which ETF is more diversified: GUNR or MGNR?
GUNR holds 120 securities with 44.47% of its assets in the top 15. MGNR has 40 securities and a top 15 weight of 56.86%.
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