IEO vs. MGNR
IEO (iShares U.S. Oil & Gas Exploration & Production ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. IEO is passively managed, while MGNR is actively managed. Over the past year, IEO returned 40.11% vs 74.12% for MGNR. At a 0.41 correlation, their price movements are largely independent. IEO charges 0.42%/yr vs 0.75%/yr for MGNR.
Performance
IEO vs. MGNR - Performance Comparison
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Returns By Period
In the year-to-date period, IEO achieves a 34.59% return, which is significantly higher than MGNR's 25.90% return.
IEO
- 1D
- 1.66%
- 1M
- -3.23%
- YTD
- 34.59%
- 6M
- 26.42%
- 1Y
- 40.11%
- 3Y*
- 16.01%
- 5Y*
- 18.96%
- 10Y*
- 10.42%
MGNR
- 1D
- -1.76%
- 1M
- 3.52%
- YTD
- 25.90%
- 6M
- 27.71%
- 1Y
- 74.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEO vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 34.59% | 2.15% | 0.55% |
MGNR American Beacon GLG Natural Resources ETF | 25.90% | 50.57% | 22.78% |
Correlation
The correlation between IEO and MGNR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.41 |
Over the past year, the correlation between IEO and MGNR has dropped to 0.20 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
IEO vs. MGNR — Risk / Return Rank
IEO
MGNR
IEO vs. MGNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil & Gas Exploration & Production ETF (IEO) 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.
| IEO | MGNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.53 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 6.02 | -3.20 |
| Martin ratioReturn relative to average drawdown | 7.63 | 24.36 | -16.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEO | MGNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 3.24 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.77 | -1.60 |
Drawdowns
IEO vs. MGNR - Drawdown Comparison
The maximum IEO drawdown since its inception was -79.17%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for IEO and MGNR.
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Drawdown Indicators
| IEO | MGNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.17% | -22.06% | -57.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.30% | -12.38% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -31.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.46% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -75.00% | — | — |
Current DrawdownCurrent decline from peak | -7.30% | -1.76% | -5.54% |
Average DrawdownAverage peak-to-trough decline | -26.27% | -3.86% | -22.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.28% | 3.05% | +2.23% |
Volatility
IEO vs. MGNR - Volatility Comparison
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a higher volatility of 9.32% compared to American Beacon GLG Natural Resources ETF (MGNR) at 6.59%. This indicates that IEO's price experiences larger fluctuations and is considered to be riskier than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEO | MGNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 6.59% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 19.86% | 17.67% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 23.04% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.54% | 25.03% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 25.03% | +9.97% |
IEO vs. MGNR - Expense Ratio Comparison
IEO has a 0.42% expense ratio, which is lower than MGNR's 0.75% expense ratio.
Dividends
IEO vs. MGNR - Dividend Comparison
IEO's dividend yield for the trailing twelve months is around 1.97%, more than MGNR's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 1.97% | 2.61% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% |
MGNR American Beacon GLG Natural Resources ETF | 1.07% | 1.17% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEO and MGNR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEO has higher volatility (9.32%) compared to MGNR (6.59%). In terms of maximum drawdown, IEO dropped -79.17% vs MGNR's -22.06%.
On 1-year performance, MGNR leads with 74.12% vs 40.11% for IEO. On fees, IEO is cheaper at 0.42% per year. On volatility, MGNR has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MGNR has performed better with a 74.12% return vs 40.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEO is cheaper with a 0.42% expense ratio, compared with 0.75% for MGNR.
IEO has the higher dividend yield at 1.97%, compared with 1.07% for MGNR.
They also come from different issuers: iShares and American Beacon. Their fees differ too: 0.42% for IEO and 0.75% for MGNR.
MGNR currently has the higher Sharpe Ratio (3.24 vs 1.61), 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.
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