MGNR vs. MLPI

Last updated Jun 24, 2026

MGNR (American Beacon GLG Natural Resources ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - MGNR is a Energy Equities fund actively managed by American Beacon, while MLPI is a MLPs fund actively managed by NEOS. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. MGNR charges 0.75%/yr vs 0.68%/yr for MLPI.

Performance

MGNR vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon GLG Natural Resources ETF (MGNR) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGNR achieves a 13.14% return, which is significantly lower than MLPI's 19.61% return.

MGNR

• 1D: -2.79%
• 1M: -6.56%
• YTD: 13.14%
• 6M: 11.53%
• 1Y: 54.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 1.09%
• 1M: -2.18%
• YTD: 19.61%
• 6M: 18.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MGNR vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
MGNR American Beacon GLG Natural Resources ETF	13.14%	1.93%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	19.61%	0.36%

Correlation

The correlation between MGNR and MLPI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.14

Return for Risk

MGNR vs. MLPI — Risk / Return Rank

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

MGNR

MGNR Risk / Return Rank: 75
MGNR Sharpe Ratio Rank: 75
MGNR Sortino Ratio Rank: 63
MGNR Omega Ratio Rank: 69
MGNR Calmar Ratio Rank: 85
MGNR Martin Ratio Rank: 82

MLPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MGNR vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MGNR	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	2.24	—	—
Sortino ratio: Return per unit of downside risk	2.73	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.42	—	—
Martin ratio: Return relative to average drawdown	15.21	—	—

Drawdowns

MGNR vs. MLPI - Drawdown Comparison

The maximum MGNR drawdown since its inception was -22.06%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for MGNR and MLPI.

Drawdown Indicators

	MGNR	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-5.38%	-16.68%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	—	—
Current Drawdown Current decline from peak	-11.71%	-2.18%	-9.53%
Average Drawdown Average peak-to-trough decline	-3.95%	-1.49%	-2.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	—	—

Volatility

Volatility by Period

	MGNR	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	13.05%	+11.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.32%	13.05%	+12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.32%	13.05%	+12.27%

MGNR vs. MLPI - Expense Ratio Comparison

MGNR has a 0.75% expense ratio, which is higher than MLPI's 0.68% expense ratio.

Dividends

MGNR vs. MLPI - Dividend Comparison

MGNR's dividend yield for the trailing twelve months is around 1.19%, less than MLPI's 7.19% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	1.19%	1.17%	0.79%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.19%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGNR and MLPI in my portfolio?

MGNR and MLPI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MGNR or MLPI?

On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MGNR or MLPI?

MLPI is cheaper with a 0.68% expense ratio, compared with 0.75% for MGNR.

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

MLPI has the higher dividend yield at 7.19%, compared with 1.19% for MGNR.

What is the main difference between MGNR and MLPI?

MGNR is categorized as Energy Equities, while MLPI is MLPs. They also come from different issuers: American Beacon and NEOS. Their fees differ too: 0.75% for MGNR and 0.68% for MLPI.