BTR vs. MGNR

Last updated Jun 3, 2026

BTR (Beacon Tactical Risk ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both exchange-traded funds - BTR is a Large Cap Blend Equities fund actively managed by American Beacon, while MGNR is a Energy Equities fund actively managed by American Beacon. Both are actively managed. Over the past year, BTR returned 18.87% vs 79.57% for MGNR. A 0.62 correlation means they provide meaningful diversification when combined. BTR charges 1.10%/yr vs 0.75%/yr for MGNR.

Performance

BTR vs. MGNR - Performance Comparison

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

Returns By Period

In the year-to-date period, BTR achieves a 8.53% return, which is significantly lower than MGNR's 28.15% return.

BTR

• 1D: 0.40%
• 1M: 0.59%
• YTD: 8.53%
• 6M: 9.19%
• 1Y: 18.87%
• 3Y*: 4.33%
• 5Y*: —
• 10Y*: —

MGNR

• 1D: 2.10%
• 1M: 4.78%
• YTD: 28.15%
• 6M: 31.78%
• 1Y: 79.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTR vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTR Beacon Tactical Risk ETF	8.53%	-2.15%	14.93%
MGNR American Beacon GLG Natural Resources ETF	28.15%	50.57%	22.78%

Correlation

The correlation between BTR and MGNR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024	0.62

The correlation between BTR and MGNR has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

BTR vs. MGNR — Risk / Return Rank

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

BTR

BTR Risk / Return Rank: 58
BTR Sharpe Ratio Rank: 56
BTR Sortino Ratio Rank: 56
BTR Omega Ratio Rank: 56
BTR Calmar Ratio Rank: 59
BTR Martin Ratio Rank: 63

MGNR

MGNR Risk / Return Rank: 91
MGNR Sharpe Ratio Rank: 93
MGNR Sortino Ratio Rank: 87
MGNR Omega Ratio Rank: 88
MGNR Calmar Ratio Rank: 93
MGNR Martin Ratio Rank: 94

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.

BTR vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Beacon Tactical Risk ETF (BTR) 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.

	BTR	MGNR	Difference
Sharpe ratio Return per unit of total volatility	1.94	3.49	-1.55
Sortino ratio Return per unit of downside risk	2.74	4.00	-1.26
Omega ratio Gain probability vs. loss probability	1.35	1.57	-0.21
Calmar ratio Return relative to maximum drawdown	2.96	6.75	-3.79
Martin ratio Return relative to average drawdown	11.52	27.40	-15.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTR vs. MGNR - Sharpe Ratio Comparison

The current BTR Sharpe Ratio is 1.94, which is lower than the MGNR Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of BTR and MGNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTR	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	3.49	-1.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.81	-1.43

Drawdowns

BTR vs. MGNR - Drawdown Comparison

The maximum BTR drawdown since its inception was -16.67%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for BTR and MGNR.

Drawdown Indicators

	BTR	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-22.06%	+5.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-12.38%	+6.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.67%	—	—
Current Drawdown Current decline from peak	-0.56%	0.00%	-0.56%
Average Drawdown Average peak-to-trough decline	-5.60%	-3.87%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	3.05%	-1.44%

Volatility

BTR vs. MGNR - Volatility Comparison

The current volatility for Beacon Tactical Risk ETF (BTR) is 2.37%, while American Beacon GLG Natural Resources ETF (MGNR) has a volatility of 6.33%. This indicates that BTR 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

	BTR	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	6.33%	-3.96%
Volatility (6M) Calculated over the trailing 6-month period	7.08%	17.57%	-10.49%
Volatility (1Y) Calculated over the trailing 1-year period	9.78%	23.04%	-13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.91%	25.02%	-14.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.91%	25.02%	-14.11%

BTR vs. MGNR - Expense Ratio Comparison

BTR has a 1.10% expense ratio, which is higher than MGNR's 0.75% expense ratio.

Dividends

BTR vs. MGNR - Dividend Comparison

BTR's dividend yield for the trailing twelve months is around 1.19%, more than MGNR's 1.05% yield.

Position	TTM	2025	2024	2023
BTR Beacon Tactical Risk ETF	1.19%	1.29%	0.87%	0.91%
MGNR American Beacon GLG Natural Resources ETF	1.05%	1.17%	0.79%	0.00%

Frequently Asked Questions

Can I hold both BTR and MGNR in my portfolio?

BTR and MGNR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BTR or MGNR?

MGNR has higher volatility (6.33%) compared to BTR (2.37%). In terms of maximum drawdown, BTR dropped -16.67% vs MGNR's -22.06%.

Which ETF is better, BTR or MGNR?

On 1-year performance, MGNR leads with 79.57% vs 18.87% for BTR. On fees, MGNR is cheaper at 0.75% per year. On volatility, BTR has been the lower-risk option at 2.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BTR or MGNR?

Over the 1-year period, MGNR has performed better with a 79.57% return vs 18.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BTR or MGNR?

MGNR is cheaper with a 0.75% expense ratio, compared with 1.10% for BTR.

Which ETF pays a higher dividend yield, BTR or MGNR?

BTR has the higher dividend yield at 1.19%, compared with 1.05% for MGNR.

What is the main difference between BTR and MGNR?

BTR is categorized as Large Cap Blend Equities, while MGNR is Energy Equities. Their fees differ too: 1.10% for BTR and 0.75% for MGNR.

Which has better risk-adjusted returns?

MGNR currently has the higher Sharpe Ratio (3.49 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.