MGNR vs. PWRZ

Last updated Jul 18, 2026

MGNR (American Beacon GLG Natural Resources ETF) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.75% expense ratio.

Performance

MGNR vs. PWRZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon GLG Natural Resources ETF (MGNR) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MGNR

• 1D: 0.48%
• 1M: -7.11%
• 6M: 0.37%
• YTD: 8.80%
• 1Y: 46.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRZ

• 1D: 0.19%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MGNR vs. PWRZ - Yearly Performance Comparison

	2026 (YTD)
MGNR American Beacon GLG Natural Resources ETF	-0.69%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-0.18%

Correlation

The correlation between MGNR and PWRZ is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	0.94

Return for Risk

MGNR vs. PWRZ — Risk / Return Rank

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

MGNR

MGNR Risk / Return Rank: 71
MGNR Sharpe Ratio Rank: 76
MGNR Sortino Ratio Rank: 66
MGNR Omega Ratio Rank: 70
MGNR Calmar Ratio Rank: 76
MGNR Martin Ratio Rank: 66

PWRZ

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. PWRZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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	PWRZ	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.37	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.03	—	—
Martin ratio: Return relative to average drawdown	9.07	—	—

Drawdowns

MGNR vs. PWRZ - Drawdown Comparison

The maximum MGNR drawdown since its inception was -22.06%, which is greater than PWRZ's maximum drawdown of -1.21%. Use the drawdown chart below to compare losses from any high point for MGNR and PWRZ.

Drawdown Indicators

	MGNR	PWRZ	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-1.21%	-20.85%
Max Drawdown (1Y) Largest decline over 1 year	-15.51%	—	—
Current Drawdown Current decline from peak	-15.10%	-1.02%	-14.08%
Average Drawdown Average peak-to-trough decline	-4.24%	-0.52%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	—	—

Volatility

Volatility by Period

	MGNR	PWRZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	11.53%	+13.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.17%	11.53%	+13.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.17%	11.53%	+13.64%

MGNR vs. PWRZ - Expense Ratio Comparison

Both MGNR and PWRZ have an expense ratio of 0.75%.

Dividends

MGNR vs. PWRZ - Dividend Comparison

MGNR's dividend yield for the trailing twelve months is around 0.86%, while PWRZ has not paid dividends to shareholders.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	0.86%	1.17%	0.79%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGNR and PWRZ in my portfolio?

With a correlation of 0.94, MGNR and PWRZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MGNR or PWRZ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MGNR or PWRZ?

MGNR and PWRZ have the same expense ratio: 0.75% per year.

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

MGNR has the higher dividend yield at 0.86%, compared with 0.00% for PWRZ.

What is the main difference between MGNR and PWRZ?

They also come from different issuers: American Beacon and TrueShares.