MGNRvsGNRETF Comparison
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American Beacon GLG Natural Resources ETF (MGNR) and State Street SPDR S&P Global Natural Resources ETF (GNR) 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. MGNR is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.4% for GNR. MGNR is up 10.74% year-to-date (YTD) with +$925M in YTD flows. GNR performs better with 23.02% YTD performance, and +$719M in YTD flows. Run a side-by-side ETF comparison of MGNR and GNR 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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MGNR vs GNR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MGNR GNR | -3.01%+0.85% | +1.45%+6.09% | +10.74%+23.02% | +20.12%+31.15% | n/a+56.39% | n/a+66.98% |
| Flows | MGNR GNR | +$27M+$209M | +$463M+$390M | +$925M+$719M | +$979M+$504M | -+$438M | -+$1.88B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGNR GNR | +21.53%+12.88% | +23.86%+15.21% | n/a+15.02% | n/a+17.78% |
| Max drawdown | MGNR GNR | -16.16%-7.65% | -16.59%-10.66% | n/a-19.80% | n/a-25.18% |
| Max drawdown duration | MGNR GNR | 64d49d | 148d158d | n/a457d | n/a758d |
Trading data
MGNR | GNR | |
Last sale 10/29/2026 at 1:30 PM | $47.94 | $75.75 |
| Previous close 10/28/2026 | $48.58 | $75.84 |
| 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 indexMGNR | GNR | |
|---|---|---|
| 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
MGNR | GNR | |
|---|---|---|
| Last price | $47.94 | $75.75 |
| 1D performance | -1.32% | -0.12% |
| AuM | $1.25 B | $5.38 B |
| E/R | 0.75% | 0.4% |
Characteristics
MGNR | GNR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Beacon | State Street Investment Management |
| Benchmark | - | S&P Global Natural Resources Index |
| N° of holdings | 44 | 89 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 6, 2024 | September 13, 2010 |
| ESG | No | No |
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Exposure
Countries
MGNR
USA
48.17%
Canada
28.99%
Other
22.84%
GNR
USA
28.97%
Canada
19.64%
United Kingdom
9.48%
Australia
7.82%
Other
34.1%
Sectors
MGNR
Non-Energy Materi.
59.73%
Energy
25.15%
Consumer Non-Cycl.
7.82%
Other
7.3%
GNR
Non-Energy Materi.
59.6%
Energy
29.6%
Other
10.8%
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Diversification
MGNR
Total weight of top 15 holdings out of 15
56.85%
GNR
Total weight of top 15 holdings out of 15
42.7%
Top 15 holdings
Data as of August 31, 2026
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%
GNR
Nutrien Ltd.
5.10%
BHP Group Ltd.
5.02%
Shell Plc
4.52%
TotalEnergies SE
3.27%
UPM-Kymmene Oyj
3.02%
Newmont Corp.
2.99%
Chevron Corp.
2.59%
Corteva, Inc.
2.53%
Freeport-McMoRan, Inc.
2.42%
Agnico Eagle Mines Ltd.
2.29%
BP Plc
1.95%
Canadian Natural Resources Ltd.
1.86%
Archer-Daniels-Midland Co.
1.76%
Glencore Plc
1.71%
Barrick Mining Corp.
1.67%
Frequently asked questions about MGNR and GNR
How have the MGNR and GNR ETFs performed in 2026?
As of October 28, 2026, MGNR is up 10.74% year-to-date (YTD), while GNR has returned 23.02%. That puts GNR better performer ahead so far this year.
Which ETF is attracting more investor money: MGNR or GNR?
Year-to-date, the MGNR ETF saw +$925M in flows, compared to +$719M for GNR.
Which ETF is more volatile: MGNR or GNR?
Over the past year, MGNR had a volatility of 23.86%, while GNR experienced 15.21%.
Which ETF is bigger: MGNR or GNR?
As of October 28, 2026, MGNR holds $1.25 B in assets under management (AUM), while GNR manages $5.38 B.
What sectors do the MGNR and GNR ETFs invest in?
MGNR leans toward sectors like Non-Energy Materials, Energy and Consumer Non-Cyclicals. Meanwhile, GNR focuses on Non-Energy Materials and Energy.
What are the top holdings of the MGNR ETF and GNR ETF?
MGNR top holdings include ArcelorMittal SA, Venture Global, Inc. and Teck Resources Limited. GNR holds in its top three: Nutrien Ltd., BHP Group Ltd. and Shell Plc.
Which ETF is more diversified: MGNR or GNR?
MGNR holds 44 securities with 56.85% of its assets in the top 15. GNR has 89 securities and a top 15 weight of 42.7%.
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