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MGNRvsGUNRETF Comparison

ETF 1

MGNR

American Beacon GLG Natural Resources ETF

This fund is part of

Natural Resources

+0%

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%

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 Materials, Energy and Industrials. In contrast, GUNR's top sector exposures are Materials, Energy and Consumer Staples. MGNR is more expensive with a Total Expense Ratio (TER) of 0.75%, versus 0.47% for GUNR. MGNR is up 17.49% year-to-date (YTD) with +$259M in YTD flows. GUNR performs better with 20.8% YTD performance, and +$642M 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 04/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MGNR GUNR	-4.76%-0.45%	+15.86%+19.41%	+17.49%+20.80%	+73.38%+45.82%	n/a+41.33%	n/a+80.16%
Flows	MGNR GUNR	+$21M+$169M	+$259M+$642M	+$259M+$642M	+$399M+$659M	--$1.28B	-+$626M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MGNR GUNR	+28.87%+18.81%	+26.20%+15.73%	n/a+14.51%	n/a+16.93%
Max drawdown	MGNR GUNR	-12.03%-6.11%	-15.59%-12.17%	n/a-18.53%	n/a-23.49%
Max drawdown duration	MGNR GUNR	32d31d	36d40d	n/a427d	n/a1239d

Trading data

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	MGNR	GUNR
Last sale 4/6/2026 at 1:30 PM	$51.68	$55.48
Previous close 04/02/2026	$51.67	$55.43
Consolidated volume 04/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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 4/6/2026 at 1:30 PM

Live

Closed

	MGNR	GUNR
Last price	$51.68	$55.48
1D performance	+0.02%	+0.09%
AuM	$690.23 M	$7.60 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	40	117
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

45.63%

Canada

28.33%

Other

26.04%

GUNR

USA

33.12%

Canada

19.68%

United Kingdom

10.31%

Other

36.89%

Sectors

MGNR

Materials

45.68%

Energy

17.54%

Industrials

8.33%

Other

28.45%

GUNR

Materials

48.15%

Energy

29.6%

Consumer Staples

9.37%

Other

12.88%

Diversification

MGNR

Total weight of top 15 holdings out of 15

46.99%

GUNR

Total weight of top 15 holdings out of 15

44.83%

Top 15 holdings

Data as of February 28, 2026

MGNR

HUDBAY MINERALS

4.62%

EQUINOX GOLD

4.55%

TECK RESOURCES LIMITED

4.15%

KINROSS GOLD

3.98%

RANGE RESOURCES

3.48%

US03938L2034

3.31%

CH1300646267

3.01%

METHANEX

2.77%

ANTERO RESOURCES

2.71%

IE00028FXN24

2.60%

DARLING INGREDIENTS INC

2.56%

COEUR MINING INC

2.49%

PAN AMERICAN

2.29%

EQT

2.24%

SIEMENS ENERGY AG

2.23%

GUNR

EXXON

5.18%

CORTEVA INC

4.83%

CHEVRON TEXACO

3.95%

BHP GROUP LTD

3.93%

NUTRIEN LTD

3.93%

SHELL PLC

3.48%

AGNICO EAGLE MINES LTD

2.81%

ARCHER DANIELS

2.79%

NEWMONT CORP

2.63%

TOTALENERGIES SE

2.32%

RIO TINTO

2.19%

BARRICK GOLD

1.92%

FREEPORT-MCMORAN INC

1.70%

WHEATON PRECIOUS METALS CORP

1.63%

TYSON FOODS

1.55%

Frequently asked questions about MGNR and GUNR

How have the MGNR and GUNR ETFs performed in 2026?

As of April 2, 2026, MGNR is up 17.49% year-to-date (YTD), while GUNR has returned 20.8%. 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 +$259M in flows, compared to +$642M for GUNR.

Which ETF is more volatile: MGNR or GUNR?

Over the past year, MGNR had a volatility of 26.2%, while GUNR experienced 15.73%.

Which ETF is bigger: MGNR or GUNR?

As of April 2, 2026, MGNR holds $690.23 M in assets under management (AUM), while GUNR manages $7.60 B.

What sectors do the MGNR and GUNR ETFs invest in?

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

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

MGNR top holdings include HUDBAY MINERALS, EQUINOX GOLD and TECK RESOURCES LIMITED. GUNR holds in its top three: EXXON, CORTEVA INC and CHEVRON TEXACO.

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 April 2, 2026, MGNR is up 17.49% year-to-date (YTD), while GUNR has returned 20.8%. 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 +$259M in flows, compared to +$642M for GUNR.

Which ETF is more volatile: MGNR or GUNR?

Over the past year, MGNR had a volatility of 26.2%, while GUNR experienced 15.73%.

Which ETF is bigger: MGNR or GUNR?

As of April 2, 2026, MGNR holds $690.23 M in assets under management (AUM), while GUNR manages $7.60 B.

What sectors do the MGNR and GUNR ETFs invest in?

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

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

MGNR top holdings include HUDBAY MINERALS, EQUINOX GOLD and TECK RESOURCES LIMITED. GUNR holds in its top three: EXXON, CORTEVA INC and CHEVRON TEXACO.

Which ETF is more diversified: MGNR or GUNR?

MGNR holds 45 securities with 46.99% of its assets in the top 15. GUNR has 120 securities and a top 15 weight of 44.83%.

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