XLEI vs. MGNR

Last updated Jun 5, 2026

XLEI (State Street Energy Select Sector SPDR Premium Income ETF) and MGNR (American Beacon GLG Natural Resources ETF) are both Energy Equities funds. XLEI is passively managed, while MGNR is actively managed. At a 0.25 correlation, their price movements are largely independent. XLEI charges 0.35%/yr vs 0.75%/yr for MGNR.

Performance

XLEI vs. MGNR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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, XLEI achieves a 20.69% return, which is significantly lower than MGNR's 25.87% return.

XLEI

• 1D: 0.22%
• 1M: 1.27%
• YTD: 20.69%
• 6M: 19.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MGNR

• 1D: -0.02%
• 1M: 2.81%
• YTD: 25.87%
• 6M: 27.66%
• 1Y: 74.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLEI vs. MGNR - Yearly Performance Comparison

	2026 (YTD)	2025
XLEI State Street Energy Select Sector SPDR Premium Income ETF	20.69%	6.77%
MGNR American Beacon GLG Natural Resources ETF	25.87%	33.62%

Correlation

The correlation between XLEI and MGNR is 0.25, 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 Jul 31, 2025	0.25

Return for Risk

XLEI vs. MGNR — Risk / Return Rank

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

MGNR

MGNR Risk / Return Rank: 90
MGNR Sharpe Ratio Rank: 92
MGNR Sortino Ratio Rank: 85
MGNR Omega Ratio Rank: 87
MGNR Calmar Ratio Rank: 92
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.

XLEI vs. MGNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Energy Select Sector SPDR Premium Income ETF (XLEI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XLEI	MGNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.67	1.76	+0.91

Drawdowns

XLEI vs. MGNR - Drawdown Comparison

The maximum XLEI drawdown since its inception was -7.98%, smaller than the maximum MGNR drawdown of -22.06%. Use the drawdown chart below to compare losses from any high point for XLEI and MGNR.

Drawdown Indicators

	XLEI	MGNR	Difference
Max Drawdown Largest peak-to-trough decline	-7.98%	-22.06%	+14.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.38%	—
Current Drawdown Current decline from peak	-0.75%	-1.77%	+1.02%
Average Drawdown Average peak-to-trough decline	-1.52%	-3.86%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.05%	—

Volatility

Volatility by Period

	XLEI	MGNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	23.01%	-9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.13%	25.01%	-11.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.13%	25.01%	-11.88%

XLEI vs. MGNR - Expense Ratio Comparison

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

Dividends

XLEI vs. MGNR - Dividend Comparison

XLEI's dividend yield for the trailing twelve months is around 16.55%, more than MGNR's 1.07% yield.

Position	TTM	2025	2024
MGNR American Beacon GLG Natural Resources ETF	1.07%	1.17%	0.79%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	16.55%	10.17%	0.00%

Frequently Asked Questions

Can I hold both XLEI and MGNR in my portfolio?

XLEI and MGNR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLEI or MGNR?

On fees, XLEI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLEI or MGNR?

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

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

XLEI has the higher dividend yield at 16.55%, compared with 1.07% for MGNR.

What is the main difference between XLEI and MGNR?

They also come from different issuers: State Street and American Beacon. Their fees differ too: 0.35% for XLEI and 0.75% for MGNR.