MGNR vs. IEO
MGNR (American Beacon GLG Natural Resources ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both Energy Equities funds. MGNR is actively managed, while IEO is passively managed. Over the past year, MGNR returned 74.12% vs 40.11% for IEO. At a 0.41 correlation, their price movements are largely independent. MGNR charges 0.75%/yr vs 0.42%/yr for IEO.
Performance
MGNR vs. IEO - Performance Comparison
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Returns By Period
In the year-to-date period, MGNR achieves a 25.90% return, which is significantly lower than IEO's 34.59% return.
MGNR
- 1D
- -1.76%
- 1M
- 3.52%
- YTD
- 25.90%
- 6M
- 27.71%
- 1Y
- 74.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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 vs. IEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MGNR American Beacon GLG Natural Resources ETF | 25.90% | 50.57% | 22.78% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 34.59% | 2.15% | 0.55% |
Correlation
The correlation between MGNR and IEO 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 MGNR and IEO 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
MGNR vs. IEO — Risk / Return Rank
MGNR
IEO
MGNR vs. IEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
| MGNR | IEO | 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 | 1.53 | 1.26 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 2.82 | +3.20 |
| Martin ratioReturn relative to average drawdown | 24.36 | 7.63 | +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
| MGNR | IEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.24 | 1.61 | +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 | 1.77 | 0.17 | +1.60 |
Drawdowns
MGNR vs. IEO - Drawdown Comparison
The maximum MGNR drawdown since its inception was -22.06%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for MGNR and IEO.
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Drawdown Indicators
| MGNR | IEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.06% | -79.17% | +57.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -14.30% | +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 | -1.76% | -7.30% | +5.54% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -26.27% | +22.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 5.28% | -2.23% |
Volatility
MGNR vs. IEO - Volatility Comparison
The current volatility for American Beacon GLG Natural Resources ETF (MGNR) is 6.59%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 9.32%. This indicates that MGNR experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGNR | IEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 9.32% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 19.86% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 25.15% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.03% | 30.54% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 35.00% | -9.97% |
MGNR vs. IEO - Expense Ratio Comparison
MGNR has a 0.75% expense ratio, which is higher than IEO's 0.42% expense ratio.
Dividends
MGNR vs. IEO - Dividend Comparison
MGNR's dividend yield for the trailing twelve months is around 1.07%, less than IEO's 1.97% 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
MGNR and IEO 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, MGNR dropped -22.06% vs IEO's -79.17%.
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: American Beacon and iShares. Their fees differ too: 0.75% for MGNR and 0.42% for IEO.
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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