MGNR vs. PXJ
Compare and contrast key facts about American Beacon GLG Natural Resources ETF (MGNR) and Invesco Dynamic Oil & Gas Services ETF (PXJ).
MGNR and PXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MGNR is an actively managed fund by American Beacon. It was launched on Feb 5, 2024. PXJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Oil & Gas Services Intellidex Index. It was launched on Oct 26, 2005.
Performance
MGNR vs. PXJ - Performance Comparison
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MGNR vs. PXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MGNR American Beacon GLG Natural Resources ETF | 17.82% | 50.57% | 22.78% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 39.53% | 8.74% | 3.19% |
Returns By Period
In the year-to-date period, MGNR achieves a 17.82% return, which is significantly lower than PXJ's 39.53% return.
MGNR
- 1D
- 0.74%
- 1M
- -4.73%
- YTD
- 17.82%
- 6M
- 27.81%
- 1Y
- 75.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PXJ
- 1D
- -1.70%
- 1M
- -2.92%
- YTD
- 39.53%
- 6M
- 49.38%
- 1Y
- 62.04%
- 3Y*
- 21.21%
- 5Y*
- 21.33%
- 10Y*
- -0.78%
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MGNR vs. PXJ - Expense Ratio Comparison
MGNR has a 0.75% expense ratio, which is higher than PXJ's 0.63% expense ratio.
Return for Risk
MGNR vs. PXJ — Risk / Return Rank
MGNR
PXJ
MGNR vs. PXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and Invesco Dynamic Oil & Gas Services ETF (PXJ). 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 | PXJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.75 | 1.79 | +0.95 |
Sortino ratioReturn per unit of downside risk | 3.21 | 2.25 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.34 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.80 | 2.64 | +2.16 |
Martin ratioReturn relative to average drawdown | 21.49 | 9.50 | +11.99 |
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 | PXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 1.79 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.73 | -0.05 | +1.78 |
Correlation
The correlation between MGNR and PXJ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MGNR vs. PXJ - Dividend Comparison
MGNR's dividend yield for the trailing twelve months is around 0.99%, less than PXJ's 2.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGNR American Beacon GLG Natural Resources ETF | 0.99% | 1.17% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXJ Invesco Dynamic Oil & Gas Services ETF | 2.31% | 2.91% | 3.34% | 1.99% | 0.65% | 2.40% | 4.72% | 1.87% | 0.99% | 2.75% | 1.18% | 2.36% |
Drawdowns
MGNR vs. PXJ - Drawdown Comparison
The maximum MGNR drawdown since its inception was -22.06%, smaller than the maximum PXJ drawdown of -94.82%. Use the drawdown chart below to compare losses from any high point for MGNR and PXJ.
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Drawdown Indicators
| MGNR | PXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.06% | -94.82% | +72.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -24.32% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.72% | — |
Current DrawdownCurrent decline from peak | -4.73% | -68.12% | +63.39% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -55.59% | +51.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 6.75% | -3.17% |
Volatility
MGNR vs. PXJ - Volatility Comparison
American Beacon GLG Natural Resources ETF (MGNR) has a higher volatility of 8.76% compared to Invesco Dynamic Oil & Gas Services ETF (PXJ) at 8.26%. This indicates that MGNR's price experiences larger fluctuations and is considered to be riskier than PXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGNR | PXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.76% | 8.26% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 19.12% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 34.76% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.39% | 35.21% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 39.60% | -14.21% |