SOLR vs. MGNR

Last updated Apr 2, 2026

Compare and contrast key facts about SmartETFs Sustainable Energy II ETF (SOLR) and American Beacon GLG Natural Resources ETF (MGNR).

SOLR and MGNR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOLR is an actively managed fund by SmartETFs. It was launched on Nov 11, 2020. MGNR is an actively managed fund by American Beacon. It was launched on Feb 5, 2024.

Performance

SOLR vs. MGNR - Performance Comparison

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

SOLR vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOLR SmartETFs Sustainable Energy II ETF	0.57%	26.72%	-4.16%
MGNR American Beacon GLG Natural Resources ETF	17.82%	50.57%	22.78%

Returns By Period

In the year-to-date period, SOLR achieves a 0.57% return, which is significantly lower than MGNR's 17.82% return.

SOLR

• 1D: 1.15%
• 1M: -7.20%
• YTD: 0.57%
• 6M: 1.06%
• 1Y: 33.07%
• 3Y*: 0.41%
• 5Y*: 0.97%
• 10Y*: —

MGNR

• 1D: 0.74%
• 1M: -4.73%
• YTD: 17.82%
• 6M: 27.81%
• 1Y: 75.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLR vs. MGNR - Expense Ratio Comparison

SOLR has a 0.79% expense ratio, which is higher than MGNR's 0.75% expense ratio.

SOLR

SmartETFs Sustainable Energy II ETF

MGNR

American Beacon GLG Natural Resources ETF

Return for Risk

SOLR vs. MGNR — Risk / Return Rank

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

SOLR

SOLR Risk / Return Rank: 75
SOLR Sharpe Ratio Rank: 78
SOLR Sortino Ratio Rank: 80
SOLR Omega Ratio Rank: 71
SOLR Calmar Ratio Rank: 75
SOLR Martin Ratio Rank: 70

MGNR

MGNR Risk / Return Rank: 96
MGNR Sharpe Ratio Rank: 96
MGNR Sortino Ratio Rank: 95
MGNR Omega Ratio Rank: 96
MGNR Calmar Ratio Rank: 96
MGNR Martin Ratio Rank: 97

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.

SOLR vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Sustainable Energy II ETF (SOLR) 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.

	SOLR	MGNR	Difference
Sharpe ratio Return per unit of total volatility	1.51	2.75	-1.24
Sortino ratio Return per unit of downside risk	2.19	3.21	-1.02
Omega ratio Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio Return relative to maximum drawdown	2.29	4.80	-2.50
Martin ratio Return relative to average drawdown	8.28	21.49	-13.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLR vs. MGNR - Sharpe Ratio Comparison

The current SOLR Sharpe Ratio is 1.51, which is lower than the MGNR Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of SOLR and MGNR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SOLR	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.75	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.73	-1.51

Correlation

The correlation between SOLR and MGNR is 0.66, 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

SOLR vs. MGNR - Dividend Comparison

SOLR's dividend yield for the trailing twelve months is around 0.67%, less than MGNR's 0.99% yield.

	TTM	2025	2024	2023	2022	2021
SOLR SmartETFs Sustainable Energy II ETF	0.67%	0.67%	0.93%	0.42%	1.29%	2.62%
MGNR American Beacon GLG Natural Resources ETF	0.99%	1.17%	0.79%	0.00%	0.00%	0.00%

Drawdowns

SOLR vs. MGNR - Drawdown Comparison

The maximum SOLR drawdown since its inception was -39.46%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for SOLR and MGNR.

Drawdown Indicators

	SOLR	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-39.46%	-22.06%	-17.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-16.06%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-39.46%	—	—
Current Drawdown Current decline from peak	-10.58%	-4.73%	-5.85%
Average Drawdown Average peak-to-trough decline	-15.99%	-4.01%	-11.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	3.58%	+0.47%

Volatility

SOLR vs. MGNR - Volatility Comparison

The current volatility for SmartETFs Sustainable Energy II ETF (SOLR) is 7.70%, while American Beacon GLG Natural Resources ETF (MGNR) has a volatility of 8.76%. This indicates that SOLR experiences smaller price fluctuations and is considered to be less risky than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLR	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	8.76%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	14.53%	19.87%	-5.34%
Volatility (1Y) Calculated over the trailing 1-year period	22.02%	27.73%	-5.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	25.39%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.68%	25.39%	-2.71%