MGNR vs. RAYS

Last updated Aug 4, 2026

MGNR (American Beacon GLG Natural Resources ETF) and RAYS (Global X Solar ETF) are both exchange-traded funds - MGNR is a Energy Equities fund actively managed by American Beacon, while RAYS is a Alternative Energy Equities fund tracking the Solactive Solar Index. MGNR is actively managed, while RAYS is passively managed. MGNR charges 0.75%/yr vs 0.50%/yr for RAYS.

Performance

MGNR vs. RAYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon GLG Natural Resources ETF (MGNR) and Global X Solar ETF (RAYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MGNR

• 1D: 0.47%
• 1M: 1.46%
• 6M: 0.28%
• YTD: 11.56%
• 1Y: 51.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.81%

RAYS

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGNR American Beacon GLG Natural Resources ETF	$4.03M	$4.51M	$4.61M
RAYS Global X Solar ETF	$0.00	$0.00	$0.00

MGNR vs. RAYS - Yearly Performance Comparison

	2026 (YTD)
MGNR American Beacon GLG Natural Resources ETF	0.59%
RAYS Global X Solar ETF	0.00%

Return for Risk

MGNR vs. RAYS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MGNR

MGNR Risk / Return Rank: 78
MGNR Sharpe Ratio Rank: 84
MGNR Sortino Ratio Rank: 75
MGNR Omega Ratio Rank: 79
MGNR Calmar Ratio Rank: 84
MGNR Martin Ratio Rank: 69

RAYS

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MGNR vs. RAYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and Global X Solar ETF (RAYS). 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	RAYS	Difference
Sharpe ratio: Return per unit of total volatility	2.08	—	—
Sortino ratio: Return per unit of downside risk	2.56	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.35	—	—
Martin ratio: Return relative to average drawdown	8.85	—	—

Drawdowns

MGNR vs. RAYS - Drawdown Comparison

The maximum MGNR drawdown since its inception was -22.06%, which is greater than RAYS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MGNR and RAYS.

Drawdown Indicators

	MGNR	RAYS	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	0.00%	-22.06%
Max Drawdown (1Y) Largest decline over 1 year	-15.51%	—	—
Current Drawdown Current decline from peak	-12.95%	0.00%	-12.95%
Average Drawdown Average peak-to-trough decline	-4.40%	0.00%	-4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	—	—

Volatility

Volatility by Period

	MGNR	RAYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.04%	0.00%	+25.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	0.00%	+25.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.18%	0.00%	+25.18%

MGNR vs. RAYS - Expense Ratio Comparison

MGNR has a 0.75% expense ratio, which is higher than RAYS's 0.50% expense ratio.

Dividends

MGNR vs. RAYS - Dividend Comparison

MGNR's dividend yield for the trailing twelve months is around 0.84%, while RAYS has not paid dividends to shareholders.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	0.84%	1.17%	0.79%
RAYS Global X Solar ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MGNR or RAYS?

On fees, RAYS is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MGNR or RAYS?

RAYS is cheaper with a 0.50% expense ratio, compared with 0.75% for MGNR.

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

MGNR has the higher dividend yield at 0.84%, compared with 0.00% for RAYS.

What is the main difference between MGNR and RAYS?

MGNR is categorized as Energy Equities, while RAYS is Alternative Energy Equities. They also come from different issuers: American Beacon and Global X. Their fees differ too: 0.75% for MGNR and 0.50% for RAYS.