TINT vs. MGNR

Last updated Jun 4, 2026

TINT (ProShares Smart Materials ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. TINT is passively managed, while MGNR is actively managed. Over the past year, TINT returned 44.33% vs 74.12% for MGNR. A 0.63 correlation means they provide meaningful diversification when combined. TINT charges 0.58%/yr vs 0.75%/yr for MGNR.

Performance

TINT vs. MGNR - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with TINT having a 25.24% return and MGNR slightly higher at 25.90%.

TINT

• 1D: -2.01%
• 1M: 9.06%
• YTD: 25.24%
• 6M: 25.40%
• 1Y: 44.33%
• 3Y*: 10.12%
• 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)

TINT vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TINT ProShares Smart Materials ETF	25.24%	16.13%	-7.80%
MGNR American Beacon GLG Natural Resources ETF	25.90%	50.57%	22.78%

Correlation

The correlation between TINT and MGNR is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 7, 2024	0.63

The correlation between TINT and MGNR has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

Return for Risk

TINT vs. MGNR — Risk / Return Rank

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

TINT

TINT Risk / Return Rank: 54
TINT Sharpe Ratio Rank: 56
TINT Sortino Ratio Rank: 55
TINT Omega Ratio Rank: 54
TINT Calmar Ratio Rank: 52
TINT Martin Ratio Rank: 54

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.

TINT vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Smart Materials ETF (TINT) 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.

	TINT	MGNR	Difference
Sharpe ratio Return per unit of total volatility	1.88	3.24	-1.36
Sortino ratio Return per unit of downside risk	2.57	3.77	-1.21
Omega ratio Gain probability vs. loss probability	1.33	1.53	-0.20
Calmar ratio Return relative to maximum drawdown	2.54	6.02	-3.48
Martin ratio Return relative to average drawdown	9.21	24.36	-15.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINT vs. MGNR - Sharpe Ratio Comparison

The current TINT Sharpe Ratio is 1.88, which is lower than the MGNR Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of TINT 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.

Sharpe Ratios by Period

	TINT	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	3.24	-1.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	1.77	-1.67

Drawdowns

TINT vs. MGNR - Drawdown Comparison

The maximum TINT drawdown since its inception was -41.36%, which is greater than MGNR's maximum drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for TINT and MGNR.

Drawdown Indicators

	TINT	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-22.06%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-12.38%	-5.15%
Max Drawdown (3Y) Largest decline over 3 years	-30.42%	—	—
Current Drawdown Current decline from peak	-2.01%	-1.76%	-0.25%
Average Drawdown Average peak-to-trough decline	-21.14%	-3.86%	-17.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	3.05%	+1.78%

Volatility

TINT vs. MGNR - Volatility Comparison

ProShares Smart Materials ETF (TINT) has a higher volatility of 10.66% compared to American Beacon GLG Natural Resources ETF (MGNR) at 6.59%. This indicates that TINT's price experiences larger fluctuations and is considered to be riskier than MGNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINT	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	6.59%	+4.07%
Volatility (6M) Calculated over the trailing 6-month period	19.90%	17.67%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	23.75%	23.04%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.46%	25.03%	-1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	25.03%	-1.57%

TINT vs. MGNR - Expense Ratio Comparison

TINT has a 0.58% expense ratio, which is lower than MGNR's 0.75% expense ratio.

Dividends

TINT vs. MGNR - Dividend Comparison

TINT's dividend yield for the trailing twelve months is around 0.98%, less than MGNR's 1.07% yield.

Position	TTM	2025	2024	2023	2022
MGNR American Beacon GLG Natural Resources ETF	1.07%	1.17%	0.79%	0.00%	0.00%
TINT ProShares Smart Materials ETF	0.98%	1.27%	1.47%	0.99%	1.36%

Frequently Asked Questions

Can I hold both TINT and MGNR in my portfolio?

TINT and MGNR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINT or MGNR?

TINT has higher volatility (10.66%) compared to MGNR (6.59%). In terms of maximum drawdown, TINT dropped -41.36% vs MGNR's -22.06%.

Which ETF is better, TINT or MGNR?

On 1-year performance, MGNR leads with 74.12% vs 44.33% for TINT. On fees, TINT is cheaper at 0.58% per year. On volatility, MGNR has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINT or MGNR?

Over the 1-year period, MGNR has performed better with a 74.12% return vs 44.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINT or MGNR?

TINT is cheaper with a 0.58% expense ratio, compared with 0.75% for MGNR.

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

MGNR has the higher dividend yield at 1.07%, compared with 0.98% for TINT.

What is the main difference between TINT and MGNR?

They also come from different issuers: ProShares and American Beacon. Their fees differ too: 0.58% for TINT and 0.75% for MGNR.

Which has better risk-adjusted returns?

MGNR currently has the higher Sharpe Ratio (3.24 vs 1.88), 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.