MGNR vs. XLEI

Last updated Jun 4, 2026

MGNR (American Beacon GLG Natural Resources ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both Energy Equities funds. MGNR is actively managed, while XLEI is passively managed. At a 0.25 correlation, their price movements are largely independent. MGNR charges 0.75%/yr vs 0.35%/yr for XLEI.

Performance

MGNR vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon GLG Natural Resources ETF (MGNR) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGNR achieves a 25.90% return, which is significantly higher than XLEI's 20.42% return.

MGNR

• 1D: -1.76%
• 1M: 3.52%
• YTD: 25.90%
• 6M: 27.71%
• 1Y: 74.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLEI

• 1D: 1.05%
• 1M: 1.40%
• YTD: 20.42%
• 6M: 20.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MGNR vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
MGNR American Beacon GLG Natural Resources ETF	25.90%	33.62%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.42%	6.77%

Correlation

The correlation between MGNR and XLEI is 0.25, 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 Jul 31, 2025	0.25

Return for Risk

MGNR vs. XLEI — Risk / Return Rank

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

MGNR

MGNR Risk / Return Rank: 89
MGNR Sharpe Ratio Rank: 91
MGNR Sortino Ratio Rank: 84
MGNR Omega Ratio Rank: 86
MGNR Calmar Ratio Rank: 91
MGNR Martin Ratio Rank: 93

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. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon GLG Natural Resources ETF (MGNR) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio Return per unit of total volatility	3.24	—	—
Sortino ratio Return per unit of downside risk	3.77	—	—
Omega ratio Gain probability vs. loss probability	1.53	—	—
Calmar ratio Return relative to maximum drawdown	6.02	—	—
Martin ratio Return relative to average drawdown	24.36	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MGNR	XLEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	2.65	-0.89

Drawdowns

MGNR vs. XLEI - Drawdown Comparison

The maximum MGNR drawdown since its inception was -22.06%, which is greater than XLEI's maximum drawdown of -7.98%. Use the drawdown chart below to compare losses from any high point for MGNR and XLEI.

Drawdown Indicators

	MGNR	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-22.06%	-7.98%	-14.08%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	—	—
Current Drawdown Current decline from peak	-1.76%	-0.97%	-0.79%
Average Drawdown Average peak-to-trough decline	-3.86%	-1.52%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	MGNR	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	13.16%	+9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.03%	13.16%	+11.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.03%	13.16%	+11.87%

MGNR vs. XLEI - Expense Ratio Comparison

MGNR has a 0.75% expense ratio, which is higher than XLEI's 0.35% expense ratio.

Dividends

MGNR vs. XLEI - Dividend Comparison

MGNR's dividend yield for the trailing twelve months is around 1.07%, less than XLEI's 16.59% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	1.07%	1.17%	0.79%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.59%	10.17%	0.00%

Frequently Asked Questions

Can I hold both MGNR and XLEI in my portfolio?

MGNR and XLEI have a correlation of 0.25, 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 XLEI?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MGNR or XLEI?

XLEI is cheaper with a 0.35% expense ratio, compared with 0.75% for MGNR.

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

XLEI has the higher dividend yield at 16.59%, compared with 1.07% for MGNR.

What is the main difference between MGNR and XLEI?

They also come from different issuers: American Beacon and State Street. Their fees differ too: 0.75% for MGNR and 0.35% for XLEI.