MGNRvsGUNRETF Comparison
VS
ETF 2
GUNR
Northern Trust Morningstar Global Upstream Natural Resources ETF
This fund is part of
Natural Resources
-0%
American Beacon GLG Natural Resources ETF (MGNR) and Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) 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 0.47% for GUNR. MGNR is up 10.74% year-to-date (YTD) with +$925M in YTD flows. GUNR performs better with 19.01% YTD performance, and +$290M in YTD flows. Run a side-by-side ETF comparison of MGNR and GUNR 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 GUNR 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 GUNR | -3.01%+0.80% | +1.45%+4.56% | +10.74%+19.01% | +20.12%+25.84% | n/a+51.27% | n/a+62.88% |
| Flows | MGNR GUNR | +$27M+$66M | +$463M-$377M | +$925M+$290M | +$979M+$445M | --$1.83B | --$658M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MGNR GUNR | +21.53%+12.50% | +23.86%+14.51% | n/a+14.02% | n/a+16.58% |
| Max drawdown | MGNR GUNR | -16.16%-8.12% | -16.59%-11.57% | n/a-18.53% | n/a-23.49% |
| Max drawdown duration | MGNR GUNR | 64d49d | 148d98d | n/a427d | n/a1239d |
Trading data
MGNR | GUNR | |
Last sale 10/29/2026 at 1:30 PM | $47.94 | $53.74 |
| Previous close 10/28/2026 | $48.58 | $53.87 |
| 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 | GUNR | |
|---|---|---|
| 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 | GUNR | |
|---|---|---|
| Last price | $47.94 | $53.74 |
| 1D performance | -1.32% | -0.24% |
| AuM | $1.25 B | $7.03 B |
| E/R | 0.75% | 0.47% |
Characteristics
MGNR | GUNR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Beacon | Northern Trust |
| Benchmark | - | Morningstar Global Upstream Natural Resources Index |
| N° of holdings | 44 | 120 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 6, 2024 | September 16, 2011 |
| ESG | No | No |
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Exposure
Countries
MGNR
USA
48.17%
Canada
28.99%
Other
22.84%
GUNR
USA
34.45%
Canada
18.23%
United Kingdom
10.69%
Australia
7.06%
Other
29.58%
Sectors
MGNR
Non-Energy Materi.
59.73%
Energy
25.15%
Consumer Non-Cycl.
7.82%
Other
7.3%
GUNR
Non-Energy Materi.
50.42%
Energy
30.32%
Consumer Non-Cycl.
11.23%
Other
8.03%
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Diversification
MGNR
Total weight of top 15 holdings out of 15
56.85%
GUNR
Total weight of top 15 holdings out of 15
44.41%
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%
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%
Frequently asked questions about MGNR and GUNR
How have the MGNR and GUNR ETFs performed in 2026?
As of October 28, 2026, MGNR is up 10.74% year-to-date (YTD), while GUNR has returned 19.01%. That puts GUNR better performer ahead so far this year.
Which ETF is attracting more investor money: MGNR or GUNR?
Year-to-date, the MGNR ETF saw +$925M in flows, compared to +$290M for GUNR.
Which ETF is more volatile: MGNR or GUNR?
Over the past year, MGNR had a volatility of 23.86%, while GUNR experienced 14.51%.
Which ETF is bigger: MGNR or GUNR?
As of October 28, 2026, MGNR holds $1.25 B in assets under management (AUM), while GUNR manages $7.03 B.
What sectors do the MGNR and GUNR ETFs invest in?
MGNR leans toward sectors like Non-Energy Materials, Energy and Consumer Non-Cyclicals. Meanwhile, GUNR focuses on Non-Energy Materials, Energy and Consumer Non-Cyclicals.
What are the top holdings of the MGNR ETF and GUNR ETF?
MGNR top holdings include ArcelorMittal SA, Venture Global, Inc. and Teck Resources Limited. GUNR holds in its top three: BHP Group Ltd., Corteva, Inc. and ExxonMobil Holdings Corp..
Which ETF is more diversified: MGNR or GUNR?
MGNR holds 44 securities with 56.85% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.41%.
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