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Data as of Nov 4, 2026.

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Thematic ETFs

FTWO vs MGNR: Holdings Overlap & Returns

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FTWO holds 67.8% of its weight in S&P 500 companies and MGNR 21.3%.

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Net assets: $73m on Jun 30, 2026 for Strive Natural Resources and Security ETF, and $842m on Jul 31, 2026 for American Beacon GLG Natural Resources ETF.

FTWO on its own →MGNR on its own →
At a glance
67.8%
FTWO in the S&P 500
21.3%
MGNR in the S&P 500
+14.6%
FTWO total return, 1 year
+21.7%
MGNR total return, 1 year
FTWO · 1 year to Nov 4, 2026 32% of its weight is outside the S&P 500
32% of its weight is outside the S&P 50068% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 2026.68%32%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 95% · top ten 55% of the fund · 50 holdings as filed for Jun 30, 2026 · Nasdaq-100: 9% in32% of its weight is outside the S&P 50068% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 2026.68%32%in the S&P 500outsideactive share 95% · Nasdaq-100: 9% in

68% of FTWO's weight is in S&P 500 companies and 32% is outside the index. Holdings as of Jun 30, 2026.

MGNR · 1 year to Nov 4, 2026 79% of its weight is outside the S&P 500
79% of its weight is outside the S&P 50021% of MGNR's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Jul 31, 2026.21%79%in the S&P 500of its weight outside the S&P 500active share 100% · top ten 41% of the fund · 40 holdings as filed for Jul 31, 2026 · Nasdaq-100: 2% in79% of its weight is outside the S&P 50021% of MGNR's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Jul 31, 2026.21%79%inoutside the S&P 500active share 100% · Nasdaq-100: 2% in

21% of MGNR's weight is in S&P 500 companies and 79% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

FTWO costs 0.26 points a year less; their one-year returns differ by 7.1 points.

Points (pts) are percentage points.

FTWO vs MGNR: Holdings Overlap & Returns
MeasureFTWOMGNR
Return
Total return, 1 year+14.6%+21.7%
Drawdown
Below its all-time high10.6%, high on Mar 2, 202616.0%, high on Jun 2, 2026
Against its benchmark
What it tracksNatural resourcesNatural resources
Its benchmark, total return, 1 year+32.9%
Against its benchmark, 1 yearbehind by 11.2 pts
Cost and size
Expense ratio0.49%0.75%
Net assets, FTWO as of Jun 30, 2026 and MGNR as of Jul 31, 2026$73m$842m
Holdings
Holdings in commonnot published

Method

Window by window

Window by window: FTWO vs MGNR: Holdings Overlap & Returns
Total returnvs its benchmark
WindowFTWOMGNRFTWOMGNR
3 months−2.3%−6.7%not measured−8.1 pts vs GNR
6 months−4.7%−12.8%not measured−13.2 pts vs GNR
1 year+14.6%+21.7%not measured−11.2 pts vs GNR
3 years+89.5%–not measured–
Since launchNot the same days: FTWO Aug 2023 · MGNR Feb 2024+82.2%+98.8%not measured+45.6 pts vs GNR

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Side by side

FTWO Strive Natural Resources and Security ETF · Holds 50 stocks in natural resources, 68% of its weight in S&P 500 companies MGNR American Beacon GLG Natural Resources ETF · Holds 40 stocks in natural resources, 21% of its weight in S&P 500 companies
Issuer Strive American Beacon
Theme Natural resources Natural resources
In the S&P 500 67.8% 21.3%
Active share vs the S&P 500 95.1% 99.6%
In the Nasdaq-100 8.9% 2.3%
Holdings 50 40
Top ten, share of the fund 54.9% 41.3%
Expense ratio 0.49% 0.75%
Fee for the differing part 0.52% 0.75%
Total return, 1 year +14.6% +21.7%
vs its benchmark not measured −11.2 pts vs GNR
Below its high −10.6% −16.0%
Net assets, FTWO as of Jun 30, 2026 and MGNR as of Jul 31, 2026 $73m $842m

As of Nov 4, 2026. Source: ETFIQ.

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About each fund
FTWO

By weight, 68% of FTWO's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 95%. The top ten holdings are 55% of the fund across 50 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +14.6% with distributions reinvested. It sits 10.6% below its all-time high of Mar 2, 2026.

MGNR

By weight, 21% of MGNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 41% of the fund across 40 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +21.7% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Index, so a holder was behind by 11.2 pts. It sits 16.0% below its all-time high of Jun 2, 2026.

Questions people ask

Which is more different from the S&P 500, FTWO or MGNR?
FTWO has 68% of its weight in S&P 500 names and MGNR has 21%, so MGNR differs more from the index.
Which is cheaper, FTWO or MGNR?
FTWO charges 0.49% a year and MGNR charges 0.75%, so FTWO is cheaper. Fees come from each fund's prospectus.
Other comparisons
FTWO vs IGEFTWO vs GUNRFTWO vs NRESFTWO vs NANRMGNR vs NRESMGNR vs NANRMGNR vs GNRMGNR vs GUNR
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FTWO on its own →MGNR on its own →FTWO dividend history →FTWO holdings →MGNR dividend history →Method →Standards and sources →
Sources and dates
FTWO filings on SEC EDGAR ↗
FTWO prospectus with the expense ratio (SEC) ↗
Strive website ↗
MGNR filings on SEC EDGAR ↗
MGNR prospectus with the expense ratio (SEC) ↗
American Beacon website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, FTWO against MGNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ftwo-vs-mgnr

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