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GUNRvsMGNRETF Comparison

ETF 1

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

This fund is part of

Natural Resources

-1.14%

Full GUNR fund page

VS

ETF 2

MGNR

American Beacon GLG Natural Resources ETF

This fund is part of

Natural Resources

-1.14%

Full MGNR fund page

FlexShares Morningstar Global Upstream Natural Resources Index Fund 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 Materials, Energy and Consumer Staples. In contrast, MGNR's top sector exposures are 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 11.96% year-to-date (YTD) with +$593M in YTD flows. MGNR performs better with 16.33% YTD performance, and +$429M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	GUNR MGNR	-6.59%-4.19%	-4.83%+3.19%	+11.96%+16.33%	+28.58%+56.88%	+38.99%n/a	+62.88%n/a
Flows	GUNR MGNR	-+$61M	+$101M+$186M	+$593M+$429M	+$867M+$564M	-$1.44B-	+$149M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	GUNR MGNR	+13.56%+24.85%	+13.86%+23.28%	+14.29%n/a	+16.83%n/a
Max drawdown	GUNR MGNR	-8.16%-10.54%	-8.16%-12.03%	-18.53%n/a	-23.49%n/a
Max drawdown duration	GUNR MGNR	36d16d	36d61d	427dn/a	1239dn/a

Trading data

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	GUNR	MGNR
Last sale 6/18/2026 at 1:30 PM	$50.68	$51.05
Previous close 06/18/2026	$51.82	$51.51
Consolidated volume 06/18/2026
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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MGNR

is actively managed and doesn’t replicate an index

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	GUNR	MGNR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	GUNR	MGNR
Last price	$50.68	$51.05
1D performance	-2.20%	-0.88%
AuM	$6.95 B	$845.33 M
E/R	0.47%	0.75%

Characteristics

	GUNR	MGNR
Management strategy	Passive	Active
Provider	FlexShares	American Beacon
Benchmark	Morningstar Global Upstream Natural Resources Index	-
N° of holdings	92	36
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	September 16, 2011	February 6, 2024
ESG	No	No

More GUNR data on Trackinsight

More MGNR data on Trackinsight

Exposure

Countries

GUNR

USA

32.57%

Canada

18.12%

United Kingdom

11.3%

Other

38.01%

MGNR

USA

42.82%

Canada

25.4%

Other

31.77%

Sectors

GUNR

Materials

40.76%

Energy

29.37%

Consumer Staples

7.29%

Other

22.58%

MGNR

Materials

41.3%

Energy

15.38%

Industrials

7.01%

Other

36.31%

Diversification

GUNR

Total weight of top 15 holdings out of 15

45.22%

MGNR

Total weight of top 15 holdings out of 15

48.42%

Top 15 holdings

Data as of April 30, 2026

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%

MGNR

TECK RESOURCES LIMITED

3.81%

RANGE RESOURCES

3.72%

METHANEX

3.65%

US03938L2034

3.60%

HUDBAY MINERALS

3.51%

EQUINOX GOLD

3.45%

DARLING INGREDIENTS INC

3.37%

KINROSS GOLD

3.37%

CH1300646267

3.24%

ANTERO RESOURCES

3.15%

IE00028FXN24

2.88%

ALCOA CORP

2.82%

BLOOM ENERGY CORP

2.78%

EQT

2.58%

US71424F1057

2.49%

Frequently asked questions about GUNR and MGNR

GUNRvsMGNRETF Comparison

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

American Beacon GLG Natural Resources ETF

GUNR vs MGNR performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the GUNR and MGNR ETFs performed in 2026?

As of June 18, 2026, GUNR is up 11.96% year-to-date (YTD), while MGNR has returned 16.33%. That puts MGNR better performer ahead so far this year.

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

Year-to-date, the GUNR ETF saw +$593M in flows, compared to +$429M for MGNR.

Which ETF is more volatile: GUNR or MGNR?

Over the past year, GUNR had a volatility of 13.86%, while MGNR experienced 23.28%.

Which ETF is bigger: GUNR or MGNR?

As of June 18, 2026, GUNR holds $6.95 B in assets under management (AUM), while MGNR manages $845.33 M.

What sectors do the GUNR and MGNR ETFs invest in?

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

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

GUNR top holdings include CORTEVA INC, EXXON and NUTRIEN LTD. MGNR holds in its top three: TECK RESOURCES LIMITED, RANGE RESOURCES and METHANEX.

Which ETF is more diversified: GUNR or MGNR?

GUNR holds 92 securities with 45.22% of its assets in the top 15. MGNR has 40 securities and a top 15 weight of 48.42%.

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