TEXX vs. MGNR
TEXX (Horizon Kinetics Texas ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. TEXX charges 0.85%/yr vs 0.75%/yr for MGNR.
Performance
TEXX vs. MGNR - Performance Comparison
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Returns By Period
TEXX
- 1D
- 0.11%
- 1M
- -1.00%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGNR
- 1D
- 0.29%
- 1M
- -6.60%
- 6M
- 5.38%
- YTD
- 9.87%
- 1Y
- 45.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXX vs. MGNR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TEXX Horizon Kinetics Texas ETF | 11.95% |
MGNR American Beacon GLG Natural Resources ETF | -2.19% |
Correlation
The correlation between TEXX and MGNR is 0.36, 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 Jan 22, 2026 | 0.36 |
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Return for Risk
TEXX vs. MGNR — Risk / Return Rank
TEXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MGNR
TEXX vs. MGNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Texas ETF (TEXX) 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.
| TEXX | MGNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.02 | — |
| Martin ratioReturn relative to average drawdown | — | 9.71 | — |
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Drawdowns
TEXX vs. MGNR - Drawdown Comparison
The maximum TEXX drawdown since its inception was -5.86%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for TEXX and MGNR.
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Drawdown Indicators
| TEXX | MGNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.86% | -22.06% | +16.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.34% | — |
Current DrawdownCurrent decline from peak | -3.40% | -14.26% | +10.86% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -4.15% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.75% | — |
Volatility
TEXX vs. MGNR - Volatility Comparison
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Volatility by Period
| TEXX | MGNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 24.56% | -8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 25.21% | -9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 25.21% | -9.03% |
TEXX vs. MGNR - Expense Ratio Comparison
TEXX has a 0.85% expense ratio, which is higher than MGNR's 0.75% expense ratio.
Dividends
TEXX vs. MGNR - Dividend Comparison
TEXX has not paid dividends to shareholders, while MGNR's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MGNR American Beacon GLG Natural Resources ETF | 0.85% | 1.17% | 0.79% |
TEXX Horizon Kinetics Texas ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TEXX and MGNR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MGNR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MGNR is cheaper with a 0.75% expense ratio, compared with 0.85% for TEXX.
MGNR has the higher dividend yield at 0.85%, compared with 0.00% for TEXX.
They also come from different issuers: Horizon Kinetics and American Beacon. Their fees differ too: 0.85% for TEXX and 0.75% for MGNR.
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