FTXN vs. MGNR

Last updated Jun 6, 2026

FTXN (First Trust Nasdaq Oil & Gas ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. FTXN is passively managed, while MGNR is actively managed. Over the past year, FTXN returned 39.47% vs 62.56% for MGNR. At a 0.43 correlation, their price movements are largely independent. FTXN charges 0.60%/yr vs 0.75%/yr for MGNR.

Performance

FTXN vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Nasdaq Oil & Gas ETF (FTXN) 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, FTXN achieves a 29.57% return, which is significantly higher than MGNR's 18.23% return.

FTXN

• 1D: -2.45%
• 1M: 0.11%
• YTD: 29.57%
• 6M: 24.63%
• 1Y: 39.47%
• 3Y*: 14.80%
• 5Y*: 17.19%
• 10Y*: —

MGNR

• 1D: -6.07%
• 1M: -4.20%
• YTD: 18.23%
• 6M: 19.66%
• 1Y: 62.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FTXN vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FTXN First Trust Nasdaq Oil & Gas ETF	29.57%	-0.17%	5.37%
MGNR American Beacon GLG Natural Resources ETF	18.23%	50.57%	22.78%

Correlation

The correlation between FTXN and MGNR is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024	0.43

Over the past year, the correlation between FTXN and MGNR has dropped to 0.22 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

FTXN vs. MGNR — Risk / Return Rank

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

FTXN

FTXN Risk / Return Rank: 52
FTXN Sharpe Ratio Rank: 53
FTXN Sortino Ratio Rank: 49
FTXN Omega Ratio Rank: 46
FTXN Calmar Ratio Rank: 62
FTXN Martin Ratio Rank: 50

MGNR

MGNR Risk / Return Rank: 83
MGNR Sharpe Ratio Rank: 85
MGNR Sortino Ratio Rank: 73
MGNR Omega Ratio Rank: 79
MGNR Calmar Ratio Rank: 89
MGNR Martin Ratio Rank: 90

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.

FTXN vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Oil & Gas ETF (FTXN) 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.

	FTXN	MGNR	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.64	-0.91
Sortino ratio: Return per unit of downside risk	2.27	3.11	-0.84
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	2.92	5.08	-2.16
Martin ratio: Return relative to average drawdown	8.08	20.29	-12.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTXN vs. MGNR - Sharpe Ratio Comparison

The current FTXN Sharpe Ratio is 1.73, which is lower than the MGNR Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of FTXN 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

	FTXN	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.64	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.59	-1.31

Drawdowns

FTXN vs. MGNR - Drawdown Comparison

The maximum FTXN drawdown since its inception was -73.49%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for FTXN and MGNR.

Drawdown Indicators

	FTXN	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-73.49%	-22.06%	-51.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.59%	-12.38%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-26.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	—	—
Current Drawdown Current decline from peak	-9.56%	-7.74%	-1.82%
Average Drawdown Average peak-to-trough decline	-19.23%	-3.87%	-15.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	3.09%	+1.81%

Volatility

FTXN vs. MGNR - Volatility Comparison

The current volatility for First Trust Nasdaq Oil & Gas ETF (FTXN) is 7.81%, while American Beacon GLG Natural Resources ETF (MGNR) has a volatility of 9.12%. This indicates that FTXN 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

	FTXN	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.81%	9.12%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	17.92%	18.76%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	22.98%	23.86%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.68%	25.32%	+4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.80%	25.32%	+6.48%

FTXN vs. MGNR - Expense Ratio Comparison

FTXN has a 0.60% expense ratio, which is lower than MGNR's 0.75% expense ratio.

Dividends

FTXN vs. MGNR - Dividend Comparison

FTXN's dividend yield for the trailing twelve months is around 2.09%, more than MGNR's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXN First Trust Nasdaq Oil & Gas ETF	2.09%	2.83%	2.51%	3.41%	2.26%	1.04%	1.76%	2.72%	2.16%	1.78%	0.20%
MGNR American Beacon GLG Natural Resources ETF	1.14%	1.17%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FTXN and MGNR in my portfolio?

FTXN and MGNR have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXN or MGNR?

MGNR has higher volatility (9.12%) compared to FTXN (7.81%). In terms of maximum drawdown, FTXN dropped -73.49% vs MGNR's -22.06%.

Which ETF is better, FTXN or MGNR?

On 1-year performance, MGNR leads with 62.56% vs 39.47% for FTXN. On fees, FTXN is cheaper at 0.60% per year. On volatility, FTXN has been the lower-risk option at 7.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FTXN or MGNR?

Over the 1-year period, MGNR has performed better with a 62.56% return vs 39.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FTXN or MGNR?

FTXN is cheaper with a 0.60% expense ratio, compared with 0.75% for MGNR.

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

FTXN has the higher dividend yield at 2.09%, compared with 1.14% for MGNR.

What is the main difference between FTXN and MGNR?

They also come from different issuers: First Trust and American Beacon. Their fees differ too: 0.60% for FTXN and 0.75% for MGNR.

Which has better risk-adjusted returns?

MGNR currently has the higher Sharpe Ratio (2.64 vs 1.73), 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.