Which is more different from the S&P 500, GNR or MGNR?

GNR has 26% of its weight in S&P 500 names and MGNR has 21%, so MGNR differs more from the index.

Which is cheaper, GNR or MGNR?

GNR charges 0.40% a year and MGNR charges 0.75%, so GNR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GNR vs MGNR: Holdings Overlap & Returns

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GNR holds 25.9% of its weight in S&P 500 companies and MGNR 21.3%.

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Net assets: $5.3bn on Nov 3, 2026 for State Street SPDR S&P Global Natural Resources ETF, and $842m on Jul 31, 2026 for American Beacon GLG Natural Resources ETF.

GNR on its own →MGNR on its own →

At a glance

25.9%

GNR in the S&P 500

21.3%

MGNR in the S&P 500

+32.9%

GNR total return, 1 year

+21.7%

MGNR total return, 1 year

GNR · 1 year to Nov 4, 2026 74% of its weight is outside the S&P 500

26% of GNR's weight is in S&P 500 companies and 74% is outside the index. Holdings as of Nov 3, 2026.

MGNR · 1 year to Nov 4, 2026 79% of its weight is outside the S&P 500

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

GNR costs 0.35 points a year less; their one-year returns differ by 11.2 points.

Points (pts) are percentage points.

GNR vs MGNR: Holdings Overlap & Returns
Measure	GNR	MGNR
Return
Measure	GNR	MGNR
Total return, 1 year	+32.9%	+21.7%
Drawdown
Measure	GNR	MGNR
Below its all-time high	6.8%, high on Sep 9, 2026	16.0%, high on Jun 2, 2026
Benchmark
Measure	GNR	MGNR
What it tracks	Natural resources	Natural resources
Cost and size
Measure	GNR	MGNR
Expense ratio	0.40%	0.75%
Net assets, GNR as of Nov 3, 2026 and MGNR as of Jul 31, 2026	$5.3bn	$842m
Holdings
Measure	GNR	MGNR
Holdings in common	not published
Top ten holdings, share of the fund	36%	41%

Method

Window by window

Window by window: GNR vs MGNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	GNR	MGNR	GNR	MGNR
3 months	+1.4%	−6.7%	not measured	−8.1 pts vs GNR
6 months	+0.4%	−12.8%	not measured	−13.2 pts vs GNR
1 year	+32.9%	+21.7%	not measured	−11.2 pts vs GNR
3 years	+50.3%	–	not measured	–
Since launchNot the same days: GNR Sep 2010 · MGNR Feb 2024	+138.2%	+98.8%	not measured	+45.6 pts vs GNR

– means no data for this window. Open this comparison in the app →

Side by side

GNR State Street SPDR S&P Global Natural Resources ETF · Holds 104 stocks in natural resources, 26% 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 State Street American Beacon

Theme Natural resources Natural resources

In the S&P 500 25.9% 21.3%

Active share vs the S&P 500 97.6% 99.6%

In the Nasdaq-100 0.6% 2.3%

Holdings 104 40

Top ten, share of the fund 36.5% 41.3%

Expense ratio 0.40% 0.75%

Fee for the differing part 0.41% 0.75%

Total return, 1 year +32.9% +21.7%

vs its benchmark not measured −11.2 pts vs GNR

Below its high −6.8% −16.0%

Net assets, GNR as of Nov 3, 2026 and MGNR as of Jul 31, 2026 $5.3bn $842m

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

GNR

By weight, 26% of GNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 36% of the fund across 104 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +32.9% with distributions reinvested. It sits 6.8% below its all-time high of Sep 9, 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, GNR or MGNR?: GNR has 26% of its weight in S&P 500 names and MGNR has 21%, so MGNR differs more from the index.
Which is cheaper, GNR or MGNR?: GNR charges 0.40% a year and MGNR charges 0.75%, so GNR is cheaper. Fees come from each fund's prospectus.

Other comparisons

GNR vs IGE GNR vs CCNR GNR vs TURF GNR vs HAP MGNR vs NANR MGNR vs CCNR MGNR vs NRES MGNR vs GUNR

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GNR on its own →MGNR on its own →GNR dividend history →GNR holdings →MGNR dividend history →Method →Standards and sources →

Sources and dates

GNR filings on SEC EDGAR ↗

GNR prospectus with the expense ratio (SEC) ↗

State Street 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, GNR against MGNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gnr-vs-mgnr

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