OILT vs. MGNR

Last updated Jun 24, 2026

OILT (Texas Capital Texas Oil Index ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. OILT is passively managed, while MGNR is actively managed. Over the past year, OILT returned 29.05% vs 54.46% for MGNR. At a 0.40 correlation, their price movements are largely independent. OILT charges 0.35%/yr vs 0.75%/yr for MGNR.

Performance

OILT vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Capital Texas Oil Index ETF (OILT) 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, OILT achieves a 23.87% return, which is significantly higher than MGNR's 13.14% return.

OILT

• 1D: 0.51%
• 1M: -9.15%
• YTD: 23.87%
• 6M: 25.26%
• 1Y: 29.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGNR

• 1D: -2.79%
• 1M: -6.56%
• YTD: 13.14%
• 6M: 11.53%
• 1Y: 54.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILT vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
OILT Texas Capital Texas Oil Index ETF	23.87%	-3.30%	7.11%
MGNR American Beacon GLG Natural Resources ETF	13.14%	50.57%	22.90%

Correlation

The correlation between OILT and MGNR is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 6, 2024	0.40

Over the past year, the correlation between OILT and MGNR has dropped to 0.18 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

OILT vs. MGNR — Risk / Return Rank

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

OILT

OILT Risk / Return Rank: 31
OILT Sharpe Ratio Rank: 31
OILT Sortino Ratio Rank: 30
OILT Omega Ratio Rank: 27
OILT Calmar Ratio Rank: 34
OILT Martin Ratio Rank: 33

MGNR

MGNR Risk / Return Rank: 75
MGNR Sharpe Ratio Rank: 75
MGNR Sortino Ratio Rank: 63
MGNR Omega Ratio Rank: 69
MGNR Calmar Ratio Rank: 85
MGNR Martin Ratio Rank: 82

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.

OILT vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Capital Texas Oil Index ETF (OILT) 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.

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.

	OILT	MGNR	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.24	-1.19
Sortino ratio: Return per unit of downside risk	1.52	2.73	-1.20
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.59	4.42	-2.83
Martin ratio: Return relative to average drawdown	4.62	15.21	-10.60

OILT vs. MGNR - Sharpe Ratio Comparison

The current OILT Sharpe Ratio is 1.04, which is lower than the MGNR Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of OILT and MGNR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OILT vs. MGNR - Drawdown Comparison

The maximum OILT drawdown since its inception was -35.21%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for OILT and MGNR.

Drawdown Indicators

	OILT	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-35.21%	-22.06%	-13.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.38%	-12.38%	-6.00%
Current Drawdown Current decline from peak	-16.41%	-11.71%	-4.70%
Average Drawdown Average peak-to-trough decline	-12.93%	-3.95%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	3.59%	+2.73%

Volatility

OILT vs. MGNR - Volatility Comparison

Texas Capital Texas Oil Index ETF (OILT) and American Beacon GLG Natural Resources ETF (MGNR) have volatilities of 8.91% and 9.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OILT	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	9.30%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	21.27%	19.28%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	28.27%	24.46%	+3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.76%	25.32%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.76%	25.32%	+3.44%

OILT vs. MGNR - Expense Ratio Comparison

OILT has a 0.35% expense ratio, which is lower than MGNR's 0.75% expense ratio.

Dividends

OILT vs. MGNR - Dividend Comparison

OILT's dividend yield for the trailing twelve months is around 2.66%, more than MGNR's 1.19% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	1.19%	1.17%	0.79%
OILT Texas Capital Texas Oil Index ETF	2.66%	3.12%	2.63%

Frequently Asked Questions

Can I hold both OILT and MGNR in my portfolio?

OILT and MGNR have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILT or MGNR?

MGNR has higher volatility (9.30%) compared to OILT (8.91%). In terms of maximum drawdown, OILT dropped -35.21% vs MGNR's -22.06%.

Which ETF is better, OILT or MGNR?

On 1-year performance, MGNR leads with 54.46% vs 29.05% for OILT. On fees, OILT is cheaper at 0.35% per year. On volatility, OILT has been the lower-risk option at 8.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILT or MGNR?

Over the 1-year period, MGNR has performed better with a 54.46% return vs 29.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILT or MGNR?

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

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

OILT has the higher dividend yield at 2.66%, compared with 1.19% for MGNR.

What is the main difference between OILT and MGNR?

They also come from different issuers: Texas Capital and American Beacon. Their fees differ too: 0.35% for OILT and 0.75% for MGNR.

Which has better risk-adjusted returns?

MGNR currently has the higher Sharpe Ratio (2.24 vs 1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.