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

MGNR has 21% of its weight in S&P 500 names and NRES has 33%, so MGNR differs more from the index.

Which is cheaper, MGNR or NRES?

MGNR charges 0.75% a year and NRES charges 0.45%, so NRES is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

MGNR vs NRES: Holdings Overlap & Returns

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NRES holds 33.4% of its weight in S&P 500 companies and MGNR 21.3%.

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Net assets: $842m on Jul 31, 2026 for American Beacon GLG Natural Resources ETF, and $35m on Nov 2, 2026 for Xtrackers RREEF Global Natural Resources ETF.

MGNR on its own →NRES on its own →

At a glance

21.3%

MGNR in the S&P 500

33.4%

NRES in the S&P 500

+21.7%

MGNR total return, 1 year

+27.4%

NRES total return, 1 year

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.

NRES · 1 year to Nov 4, 2026 67% of its weight is outside the S&P 500

33% of NRES's weight is in S&P 500 companies and 67% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

NRES costs 0.30 points a year less; their one-year returns differ by 5.7 points.

Points (pts) are percentage points.

MGNR vs NRES: Holdings Overlap & Returns
Measure	MGNR	NRES
Return
Measure	MGNR	NRES
Total return, 1 year	+21.7%	+27.4%
Drawdown
Measure	MGNR	NRES
Below its all-time high	16.0%, high on Jun 2, 2026	8.2%, high on Aug 21, 2026
Against its benchmark
Measure	MGNR	NRES
What it tracks	Natural resources	Natural resources
Its benchmark, total return, 1 year	+32.9%	+32.9%
Against its benchmark, 1 year	behind by 11.2 pts	behind by 5.5 pts
Cost and size
Measure	MGNR	NRES
Expense ratio	0.75%	0.45%
Net assets, MGNR as of Jul 31, 2026 and NRES as of Nov 2, 2026	$842m	$35m
Holdings
Measure	MGNR	NRES
Holdings in common	not published

Method

Window by window

Window by window: MGNR vs NRES: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	MGNR	NRES	MGNR	NRES
3 months	−6.7%	+0.7%	−8.1 pts vs GNR	−0.7 pts vs GNR
6 months	−12.8%	−3.0%	−13.2 pts vs GNR	−3.4 pts vs GNR
1 year	+21.7%	+27.4%	−11.2 pts vs GNR	−5.5 pts vs GNR
Since launchNot the same days: MGNR Feb 2024 · NRES Feb 2024	+98.8%	+42.8%	+45.6 pts vs GNR	−8.9 pts vs GNR

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Side by side

MGNR American Beacon GLG Natural Resources ETF · Holds 40 stocks in natural resources, 21% of its weight in S&P 500 companies NRES Xtrackers RREEF Global Natural Resources ETF · Holds 58 stocks in natural resources, 33% of its weight in S&P 500 companies

Issuer American Beacon Xtrackers

Theme Natural resources Natural resources

In the S&P 500 21.3% 33.4%

Active share vs the S&P 500 99.6% 98.2%

In the Nasdaq-100 2.3% 0.7%

Holdings 40 58

Top ten, share of the fund 41.3% 37.2%

Expense ratio 0.75% 0.45%

Fee for the differing part 0.75% 0.46%

Total return, 1 year +21.7% +27.4%

vs its benchmark −11.2 pts vs GNR −5.5 pts vs GNR

Below its high −16.0% −8.2%

Net assets, MGNR as of Jul 31, 2026 and NRES as of Nov 2, 2026 $842m $35m

As of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

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.

NRES

By weight, 33% of NRES'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 37% of the fund across 58 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +27.4% with distributions reinvested against +32.9% for its benchmark, the S&P Global Natural Resources Net TR index, so a holder was behind by 5.5 pts. It sits 8.2% below its all-time high of Aug 21, 2026.

Questions people ask

Which is more different from the S&P 500, MGNR or NRES?: MGNR has 21% of its weight in S&P 500 names and NRES has 33%, so MGNR differs more from the index.
Which is cheaper, MGNR or NRES?: MGNR charges 0.75% a year and NRES charges 0.45%, so NRES is cheaper. Fees come from each fund's prospectus.

Other comparisons

MGNR vs FTWO MGNR vs CSNR MGNR vs NANR MGNR vs GUNR NRES vs GNR NRES vs FTRI NRES vs CSNR NRES vs FTWO

Where to next

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

Sources and dates

MGNR filings on SEC EDGAR ↗

MGNR prospectus with the expense ratio (SEC) ↗

American Beacon website ↗

NRES filings on SEC EDGAR ↗

NRES prospectus with the expense ratio (SEC) ↗

Xtrackers 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, MGNR against NRES, data as of Nov 4, 2026. https://etfiq.com/compare/themes/mgnr-vs-nres

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