AMJB vs. MGNR

Last updated Apr 1, 2026

Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and American Beacon GLG Natural Resources ETF (MGNR).

AMJB and MGNR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJB is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Jan 26, 2024. MGNR is an actively managed fund by American Beacon. It was launched on Feb 5, 2024.

Performance

AMJB vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and American Beacon GLG Natural Resources ETF (MGNR). The values are adjusted to include any dividend payments, if applicable.

AMJB vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMJB Alerian MLP Index ETN	17.28%	7.91%	19.90%
MGNR American Beacon GLG Natural Resources ETF	16.96%	50.57%	22.78%

Returns By Period

The year-to-date returns for both stocks are quite close, with AMJB having a 17.28% return and MGNR slightly lower at 16.96%.

AMJB

• 1D: -1.43%
• 1M: 1.59%
• YTD: 17.28%
• 6M: 20.78%
• 1Y: 13.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGNR

• 1D: 3.40%
• 1M: -5.17%
• YTD: 16.96%
• 6M: 28.13%
• 1Y: 75.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMJB vs. MGNR - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than MGNR's 0.75% expense ratio.

AMJB

Alerian MLP Index ETN

MGNR

American Beacon GLG Natural Resources ETF

Return for Risk

AMJB vs. MGNR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMJB

AMJB Risk / Return Rank: 33
AMJB Sharpe Ratio Rank: 36
AMJB Sortino Ratio Rank: 35
AMJB Omega Ratio Rank: 35
AMJB Calmar Ratio Rank: 31
AMJB Martin Ratio Rank: 26

MGNR

MGNR Risk / Return Rank: 96
MGNR Sharpe Ratio Rank: 97
MGNR Sortino Ratio Rank: 96
MGNR Omega Ratio Rank: 96
MGNR Calmar Ratio Rank: 96
MGNR Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMJB vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and American Beacon GLG Natural Resources ETF (MGNR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AMJB	MGNR	Difference
Sharpe ratio Return per unit of total volatility	0.67	2.74	-2.08
Sortino ratio Return per unit of downside risk	0.99	3.21	-2.22
Omega ratio Gain probability vs. loss probability	1.14	1.49	-0.35
Calmar ratio Return relative to maximum drawdown	0.76	4.62	-3.87
Martin ratio Return relative to average drawdown	2.01	20.79	-18.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMJB vs. MGNR - Sharpe Ratio Comparison

The current AMJB Sharpe Ratio is 0.67, which is lower than the MGNR Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of AMJB and MGNR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMJB	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	2.74	-2.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	1.71	-0.57

Correlation

The correlation between AMJB and MGNR is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AMJB vs. MGNR - Dividend Comparison

AMJB's dividend yield for the trailing twelve months is around 5.71%, more than MGNR's 1.00% yield.

	TTM	2025	2024
AMJB Alerian MLP Index ETN	5.71%	6.52%	5.99%
MGNR American Beacon GLG Natural Resources ETF	1.00%	1.17%	0.79%

Drawdowns

AMJB vs. MGNR - Drawdown Comparison

The maximum AMJB drawdown since its inception was -16.98%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for AMJB and MGNR.

Drawdown Indicators

	AMJB	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-16.98%	-22.06%	+5.08%
Max Drawdown (1Y) Largest decline over 1 year	-16.98%	-16.06%	-0.92%
Current Drawdown Current decline from peak	-3.00%	-5.43%	+2.43%
Average Drawdown Average peak-to-trough decline	-3.71%	-4.01%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	3.57%	+2.81%

Volatility

AMJB vs. MGNR - Volatility Comparison

The current volatility for Alerian MLP Index ETN (AMJB) is 3.70%, while American Beacon GLG Natural Resources ETF (MGNR) has a volatility of 9.73%. This indicates that AMJB experiences smaller price fluctuations and is considered to be less risky than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMJB	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	9.73%	-6.03%
Volatility (6M) Calculated over the trailing 6-month period	10.23%	19.87%	-9.64%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	27.75%	-7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	25.41%	-7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	25.41%	-7.67%