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

HAP has 39% of its weight in S&P 500 names and MGNR has 21%, so MGNR differs more from the index.

Which is cheaper, HAP or MGNR?

HAP charges 0.41% a year and MGNR charges 0.75%, so HAP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

HAP vs MGNR: Holdings Overlap & Returns

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HAP holds 39.0% of its weight in S&P 500 companies and MGNR 21.3%.

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Net assets: $321m on Nov 3, 2026 for VanEck Natural Resources ETF, and $842m on Jul 31, 2026 for American Beacon GLG Natural Resources ETF.

HAP on its own →MGNR on its own →

At a glance

39.0%

HAP in the S&P 500

21.3%

MGNR in the S&P 500

+34.3%

HAP total return, 1 year

+21.7%

MGNR total return, 1 year

HAP · 1 year to Nov 4, 2026 61% of its weight is outside the S&P 500

39% of HAP's weight is in S&P 500 companies and 61% is outside the index. Holdings as of Nov 2, 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

HAP costs 0.34 points a year less; their one-year returns differ by 12.6 points.

Points (pts) are percentage points.

HAP vs MGNR: Holdings Overlap & Returns
Measure	HAP	MGNR
Return
Measure	HAP	MGNR
Total return, 1 year	+34.3%	+21.7%
Drawdown
Measure	HAP	MGNR
Below its all-time high	5.9%, high on Sep 9, 2026	16.0%, high on Jun 2, 2026
Against its benchmark
Measure	HAP	MGNR
What it tracks	Natural resources	Natural resources
Its benchmark, total return, 1 year	+15.0%	+32.9%
Against its benchmark, 1 year	ahead by 19.3 pts	behind by 11.2 pts
Cost and size
Measure	HAP	MGNR
Expense ratio	0.41%	0.75%
Net assets, HAP as of Nov 3, 2026 and MGNR as of Jul 31, 2026	$321m	$842m
Holdings
Measure	HAP	MGNR
Holdings in common	not published

Method

Window by window

Window by window: HAP vs MGNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	HAP	MGNR	HAP	MGNR
3 months	+2.5%	−6.7%	+3.8 pts vs ACWI	−8.1 pts vs GNR
6 months	+0.3%	−12.8%	−2.3 pts vs ACWI	−13.2 pts vs GNR
1 year	+34.3%	+21.7%	+19.3 pts vs ACWI	−11.2 pts vs GNR
3 years	+65.2%	–	−12.4 pts vs ACWI	–
Since launchNot the same days: HAP Sep 2008 · MGNR Feb 2024	+196.0%	+98.8%	not measured	+45.6 pts vs GNR

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

Side by side

HAP VanEck Natural Resources ETF · Holds 140 stocks in natural resources, 39% 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 VanEck American Beacon

Theme Natural resources Natural resources

In the S&P 500 39.0% 21.3%

Active share vs the S&P 500 96.0% 99.6%

In the Nasdaq-100 0.7% 2.3%

Holdings 140 40

Top ten, share of the fund 38.4% 41.3%

Expense ratio 0.41% 0.75%

Fee for the differing part 0.43% 0.75%

Total return, 1 year +34.3% +21.7%

vs its benchmark +19.3 pts vs ACWI −11.2 pts vs GNR

Below its high −5.9% −16.0%

Net assets, HAP as of Nov 3, 2026 and MGNR as of Jul 31, 2026 $321m $842m

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

HAP

By weight, 39% of HAP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 38% of the fund across 140 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +34.3% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 19.3 pts. It sits 5.9% 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, HAP or MGNR?: HAP has 39% of its weight in S&P 500 names and MGNR has 21%, so MGNR differs more from the index.
Which is cheaper, HAP or MGNR?: HAP charges 0.41% a year and MGNR charges 0.75%, so HAP is cheaper. Fees come from each fund's prospectus.

Other comparisons

HAP vs IGE HAP vs NRES HAP vs NANR HAP vs CCNR MGNR vs CCNR MGNR vs FTRI MGNR vs CSNR MGNR vs NRES

Where to next

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

Sources and dates

HAP filings on SEC EDGAR ↗

HAP prospectus with the expense ratio (SEC) ↗

VanEck 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, HAP against MGNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/hap-vs-mgnr

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