MLPI vs. MGNR

Last updated Jun 4, 2026

MLPI (Neos MLP & Energy Infrastructure High Income ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. MLPI charges 0.68%/yr vs 0.75%/yr for MGNR.

Performance

MLPI vs. MGNR - Performance Comparison

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

Returns By Period

In the year-to-date period, MLPI achieves a 17.58% return, which is significantly lower than MGNR's 25.90% return.

MLPI

• 1D: 0.04%
• 1M: -3.13%
• YTD: 17.58%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGNR

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

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

MLPI vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.58%	0.56%
MGNR American Beacon GLG Natural Resources ETF	25.90%	2.17%

Correlation

The correlation between MLPI and MGNR is 0.16, 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 19, 2025	0.16

Return for Risk

MLPI vs. MGNR — 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.

MLPI vs. MGNR - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	MLPI	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.49	1.77	+1.72

Drawdowns

MLPI vs. MGNR - Drawdown Comparison

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

Drawdown Indicators

	MLPI	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-22.06%	+16.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.38%	—
Current Drawdown Current decline from peak	-3.84%	-1.76%	-2.08%
Average Drawdown Average peak-to-trough decline	-1.27%	-3.86%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	MLPI	MGNR	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	13.05%	23.04%	-9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.05%	25.03%	-11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.05%	25.03%	-11.98%

MLPI vs. MGNR - Expense Ratio Comparison

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

Dividends

MLPI vs. MGNR - Dividend Comparison

MLPI's dividend yield for the trailing twelve months is around 6.04%, more than MGNR's 1.07% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	1.07%	1.17%	0.79%
MLPI Neos MLP & Energy Infrastructure High Income ETF	6.04%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MLPI and MGNR in my portfolio?

MLPI and MGNR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MLPI or MGNR?

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, MLPI or MGNR?

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

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

MLPI has the higher dividend yield at 6.04%, compared with 1.07% for MGNR.

What is the main difference between MLPI and MGNR?

They also come from different issuers: Neos and American Beacon. Their fees differ too: 0.68% for MLPI and 0.75% for MGNR.