USNG vs. MGNR

Last updated Aug 2, 2026

USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both exchange-traded funds - USNG is a Infrastructure Equities fund actively managed by Amplify, while MGNR is a Energy Equities fund actively managed by American Beacon. Both are actively managed. Over the past year, USNG returned 32.07% vs 50.92% for MGNR. Their 0.47 correlation means their historical movements had little consistent relationship. USNG charges 0.59%/yr vs 0.75%/yr for MGNR.

Performance

USNG vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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, USNG achieves a 25.43% return, which is significantly higher than MGNR's 11.03% return.

USNG

• 1D: 0.41%
• 1M: -3.22%
• 6M: 12.87%
• YTD: 25.43%
• 1Y: 32.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.38%

MGNR

• 1D: -0.83%
• 1M: 0.98%
• 6M: -0.03%
• YTD: 11.03%
• 1Y: 50.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MGNR American Beacon GLG Natural Resources ETF	$4.07M	$4.59M	$4.62M
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	$437.77K	$274.58K	$158.86K

USNG vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	25.43%	10.51%
MGNR American Beacon GLG Natural Resources ETF	11.03%	44.39%

Correlation

The correlation between USNG and MGNR is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (All Time) Calculated using the full available price history since May 20, 2025	0.47

Return for Risk

USNG vs. MGNR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USNG

USNG Risk / Return Rank: 76
USNG Sharpe Ratio Rank: 78
USNG Sortino Ratio Rank: 77
USNG Omega Ratio Rank: 72
USNG Calmar Ratio Rank: 74
USNG Martin Ratio Rank: 81

MGNR

MGNR Risk / Return Rank: 79
MGNR Sharpe Ratio Rank: 84
MGNR Sortino Ratio Rank: 76
MGNR Omega Ratio Rank: 79
MGNR Calmar Ratio Rank: 84
MGNR Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USNG vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) 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.

	USNG	MGNR	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.98	-0.19
Sortino ratio: Return per unit of downside risk	2.51	2.46	+0.05
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.62	3.19	-0.57
Martin ratio: Return relative to average drawdown	10.67	8.51	+2.15

USNG vs. MGNR - Sharpe Ratio Comparison

The current USNG Sharpe Ratio is 1.79, which is comparable to the MGNR Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of USNG 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

USNG vs. MGNR - Drawdown Comparison

The maximum USNG drawdown since its inception was -11.93%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for USNG and MGNR.

Drawdown Indicators

	USNG	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-11.93%	-22.06%	+10.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-15.51%	+3.58%
Current Drawdown Current decline from peak	-8.47%	-13.36%	+4.89%
Average Drawdown Average peak-to-trough decline	-1.85%	-4.38%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	5.80%	-2.87%

Volatility

USNG vs. MGNR - Volatility Comparison

Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) and American Beacon GLG Natural Resources ETF (MGNR) have volatilities of 6.49% and 6.60%, 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

	USNG	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	6.60%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	19.68%	-5.86%
Volatility (1Y) Calculated over the trailing 1-year period	17.46%	25.03%	-7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	25.20%	-7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	25.20%	-7.91%

USNG vs. MGNR - Expense Ratio Comparison

USNG has a 0.59% expense ratio, which is lower than MGNR's 0.75% expense ratio.

Dividends

USNG vs. MGNR - Dividend Comparison

USNG's dividend yield for the trailing twelve months is around 1.54%, more than MGNR's 0.84% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	0.84%	1.17%	0.79%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.54%	1.10%	0.00%

Frequently Asked Questions

Can I hold both USNG and MGNR in my portfolio?

USNG and MGNR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNG or MGNR?

MGNR has higher volatility (6.60%) compared to USNG (6.49%). In terms of maximum drawdown, USNG dropped -11.93% vs MGNR's -22.06%.

Which ETF is better, USNG or MGNR?

On 1-year performance, MGNR leads with 50.92% vs 32.07% for USNG. On fees, USNG is cheaper at 0.59% per year. On volatility, USNG has been the lower-risk option at 6.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNG or MGNR?

Over the 1-year period, MGNR has performed better with a 50.92% return vs 32.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNG or MGNR?

USNG is cheaper with a 0.59% expense ratio, compared with 0.75% for MGNR.

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

USNG has the higher dividend yield at 1.54%, compared with 0.84% for MGNR.

What is the main difference between USNG and MGNR?

USNG is categorized as Infrastructure Equities, while MGNR is Energy Equities. They also come from different issuers: Amplify and American Beacon. Their fees differ too: 0.59% for USNG and 0.75% for MGNR.

Which has better risk-adjusted returns?

MGNR currently has the higher Sharpe Ratio (1.98 vs 1.79), 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.