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MGNRvsGUNRETF Comparison

ETF 1

MGNR

American Beacon GLG Natural Resources ETF

This fund is part of

Natural Resources

+0.94%

Full MGNR fund page

VS

ETF 2

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

This fund is part of

Natural Resources

+0.94%

Full GUNR fund page

American Beacon GLG Natural Resources ETF (MGNR) and FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF (GUNR) belong to the same industry segment: Natural Resources. MGNR's top 3 sector exposures are Non-Energy Materials, Energy and Industrials. In contrast, GUNR's top sector exposures are 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 12.05% year-to-date (YTD) with +$463M in YTD flows. GUNR performs better with 15.99% YTD performance, and +$675M 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

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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 07/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MGNR GUNR	+1.18%+7.04%	-8.90%-3.31%	+12.05%+15.99%	+49.47%+32.68%	n/a+35.67%	n/a+67.00%
Flows	MGNR GUNR	+$29M+$82M	+$132M+$82M	+$463M+$675M	+$584M+$979M	--$1.42B	-+$135M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MGNR GUNR	+24.29%+14.13%	+23.89%+14.01%	n/a+14.20%	n/a+16.75%
Max drawdown	MGNR GUNR	-15.40%-11.57%	-15.40%-11.57%	n/a-18.53%	n/a-23.49%
Max drawdown duration	MGNR GUNR	58d78d	58d78d	n/a427d	n/a1239d

Trading data

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	MGNR	GUNR
Last sale 7/31/2026 at 1:30 PM	$48.81	$52.35
Previous close 07/30/2026	$49.18	$53.05
Consolidated volume 07/30/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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MGNR

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 7/31/2026 at 1:30 PM

Live

Closed

	MGNR	GUNR
Last price	$48.81	$52.35
1D performance	-0.75%	-1.32%
AuM	$847.68 M	$7.28 B
E/R	0.75%	0.47%

Characteristics

	MGNR	GUNR
Management strategy	Active	Passive
Provider	American Beacon	FlexShares
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

More MGNR data on Trackinsight

More GUNR data on Trackinsight

Exposure

Countries

MGNR

USA

50.31%

Canada

22.92%

Other

26.77%

GUNR

USA

35.64%

Canada

16.98%

United Kingdom

10.73%

Other

36.65%

Sectors

MGNR

Non-Energy Materi.

53.87%

Energy

25.46%

Industrials

12.39%

Consumer Non-Cycl.

7.66%

Other

0.62%

GUNR

Non-Energy Materi.

49.97%

Energy

29.96%

Consumer Non-Cycl.

11.89%

Other

8.18%

Diversification

MGNR

Total weight of top 15 holdings out of 15

52.98%

GUNR

Total weight of top 15 holdings out of 15

44.09%

Top 15 holdings

Data as of June 30, 2026

MGNR

Smurfit WestRock Plc

4.89%

Teck Resources Limited

4.84%

Hudbay Minerals, Inc.

4.48%

ArcelorMittal SA

4.08%

Range Resources Corp.

3.65%

Vista Energy SAB de CV

3.49%

Anglogold Ashanti Plc

3.27%

Darling Ingredients, Inc.

3.27%

Antero Resources Corp.

3.20%

Nextpower, Inc.

3.13%

Alcoa Corp.

3.13%

Bloom Energy Corp.

3.08%

Bunge Global SA

2.98%

Kinross Gold Corp.

2.84%

Venture Global, Inc.

2.66%

GUNR

Corteva, Inc.

5.51%

BHP Group Ltd.

4.73%

Exxon Mobil Corp.

4.69%

Nutrien Ltd.

4.01%

Chevron Corp.

3.36%

Shell Plc

3.35%

Archer-Daniels-Midland Co.

3.30%

TotalEnergies SE

2.59%

Rio Tinto Plc

2.32%

Newmont Corp.

1.97%

Agnico Eagle Mines Ltd.

1.91%

Tyson Foods, Inc.

1.68%

Freeport-McMoRan, Inc.

1.61%

CF Industries Holdings, Inc.

1.57%

BP Plc

1.49%

Frequently asked questions about MGNR and GUNR

How have the MGNR and GUNR ETFs performed in 2026?

As of July 30, 2026, MGNR is up 12.05% year-to-date (YTD), while GUNR has returned 15.99%. 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 +$463M in flows, compared to +$675M for GUNR.

Which ETF is more volatile: MGNR or GUNR?

Over the past year, MGNR had a volatility of 23.89%, while GUNR experienced 14.01%.

Which ETF is bigger: MGNR or GUNR?

As of July 30, 2026, MGNR holds $847.68 M in assets under management (AUM), while GUNR manages $7.28 B.

What sectors do the MGNR and GUNR ETFs invest in?

MGNR leans toward sectors like Non-Energy Materials, Energy and Industrials. 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 Smurfit WestRock Plc, Teck Resources Limited and Hudbay Minerals, Inc.. GUNR holds in its top three: Corteva, Inc., BHP Group Ltd. and Exxon Mobil Corp..

MGNRvsGUNRETF Comparison

American Beacon GLG Natural Resources ETF

FlexShares Morningstar Global Upstream Natural Resources Index Fund ETF

MGNR vs GUNR 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 MGNR and GUNR ETFs performed in 2026?

As of July 30, 2026, MGNR is up 12.05% year-to-date (YTD), while GUNR has returned 15.99%. 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 +$463M in flows, compared to +$675M for GUNR.

Which ETF is more volatile: MGNR or GUNR?

Over the past year, MGNR had a volatility of 23.89%, while GUNR experienced 14.01%.

Which ETF is bigger: MGNR or GUNR?

As of July 30, 2026, MGNR holds $847.68 M in assets under management (AUM), while GUNR manages $7.28 B.

What sectors do the MGNR and GUNR ETFs invest in?

MGNR leans toward sectors like Non-Energy Materials, Energy and Industrials. 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 Smurfit WestRock Plc, Teck Resources Limited and Hudbay Minerals, Inc.. GUNR holds in its top three: Corteva, Inc., BHP Group Ltd. and Exxon Mobil Corp..

Which ETF is more diversified: MGNR or GUNR?

MGNR holds 44 securities with 52.98% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.09%.

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