IEZ vs. MGNR
IEZ (iShares U.S. Oil Equipment & Services ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. IEZ is passively managed, while MGNR is actively managed. Over the past year, IEZ returned 85.10% vs 74.12% for MGNR. A 0.54 correlation means they provide meaningful diversification when combined. IEZ charges 0.42%/yr vs 0.75%/yr for MGNR.
Performance
IEZ vs. MGNR - Performance Comparison
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Returns By Period
In the year-to-date period, IEZ achieves a 47.84% return, which is significantly higher than MGNR's 25.90% return.
IEZ
- 1D
- 0.03%
- 1M
- -3.54%
- YTD
- 47.84%
- 6M
- 42.02%
- 1Y
- 85.10%
- 3Y*
- 19.17%
- 5Y*
- 13.91%
- 10Y*
- -0.13%
MGNR
- 1D
- -1.76%
- 1M
- 3.52%
- YTD
- 25.90%
- 6M
- 27.71%
- 1Y
- 74.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEZ vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 47.84% | 7.51% | -0.23% |
MGNR American Beacon GLG Natural Resources ETF | 25.90% | 50.57% | 22.78% |
Correlation
The correlation between IEZ and MGNR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024 | 0.54 |
The correlation between IEZ and MGNR shifts across timeframes, from 0.42 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IEZ vs. MGNR — Risk / Return Rank
IEZ
MGNR
IEZ vs. MGNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Oil Equipment & Services ETF (IEZ) 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.
| IEZ | MGNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.53 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 8.29 | 6.02 | +2.27 |
| Martin ratioReturn relative to average drawdown | 22.60 | 24.36 | -1.76 |
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
| IEZ | MGNR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 3.24 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 1.77 | -1.80 |
Drawdowns
IEZ vs. MGNR - Drawdown Comparison
The maximum IEZ drawdown since its inception was -92.52%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for IEZ and MGNR.
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Drawdown Indicators
| IEZ | MGNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.52% | -22.06% | -70.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -12.38% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -40.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.29% | — | — |
Current DrawdownCurrent decline from peak | -51.21% | -1.76% | -49.45% |
Average DrawdownAverage peak-to-trough decline | -48.26% | -3.86% | -44.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 3.05% | +0.73% |
Volatility
IEZ vs. MGNR - Volatility Comparison
iShares U.S. Oil Equipment & Services ETF (IEZ) has a higher volatility of 7.95% compared to American Beacon GLG Natural Resources ETF (MGNR) at 6.59%. This indicates that IEZ'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
| IEZ | MGNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.95% | 6.59% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 17.67% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.62% | 23.04% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.35% | 25.03% | +11.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.56% | 25.03% | +16.53% |
IEZ vs. MGNR - Expense Ratio Comparison
IEZ has a 0.42% expense ratio, which is lower than MGNR's 0.75% expense ratio.
Dividends
IEZ vs. MGNR - Dividend Comparison
IEZ's dividend yield for the trailing twelve months is around 1.18%, more than MGNR's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEZ iShares U.S. Oil Equipment & Services ETF | 1.18% | 1.87% | 1.76% | 0.97% | 0.65% | 1.20% | 2.07% | 2.28% | 1.81% | 3.42% | 0.91% | 2.40% |
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
IEZ and MGNR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEZ has higher volatility (7.95%) compared to MGNR (6.59%). In terms of maximum drawdown, IEZ dropped -92.52% vs MGNR's -22.06%.
On 1-year performance, IEZ leads with 85.10% vs 74.12% for MGNR. On fees, IEZ 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, IEZ has performed better with a 85.10% return vs 74.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEZ is cheaper with a 0.42% expense ratio, compared with 0.75% for MGNR.
IEZ has the higher dividend yield at 1.18%, compared with 1.07% for MGNR.
They also come from different issuers: iShares and American Beacon. Their fees differ too: 0.42% for IEZ and 0.75% for MGNR.
MGNR currently has the higher Sharpe Ratio (3.24 vs 3.00), 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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