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GNR vs MGNR

State Street SPDR S&P Global Natural Resources ETF

GNRANYSE Arca

American Beacon GLG Natural Resources ETF

MGNRDNYSE Arca

Overlap

Expense ratio

GNR −0.35pt a year

GNR0.40%MGNR0.75%

Avg volume · 30D

GNR 1.9×the volume

GNR340KMGNR184K

GNR vs MGNR Performance

Nov 3, 2025 – Nov 3, 2026

+29.6%GNR+16.3%MGNR

Nov 3, 2025 to Nov 3, 2026. GNR +29.6%. MGNR +16.3%. Use the arrow keys to read each point.0%10%40%Nov 2025May 2026Nov 2026
Expense ratio
GNR 0.40%, better
MGNR 0.75%
Fund size
GNR $5.36B
MGNR $1.23B
1Y total return
GNR +29.6%, better
MGNR +16.3%
Yield (12M)
GNR 2.47%, better
MGNR 0.85%
Holdings
GNR 112
MGNR 52
Avg volume (30D)
GNR 340K sh, better
MGNR 184K sh
NAV per share
GNR $74.86
MGNR $47.04
52W range

ETF.net Grade

GNR: Cost 80, Risk 56, Mission 75, Tradability 83, Holdings 79, Durability 89. MGNR: Cost 8, Risk 29, Mission not scored, Tradability 51, Holdings 58, Durability 52.
Pillar letters and Scores for GNR, MGNR, with each pillar’s weight
PillarGNRMGNR
Cost30% weightA80HigherF8
Mission25% weightA75Not scored
Risk15% weightB56HigherD29
Tradability15% weightA83HigherC51
Holdings10% weightA79HigherB58
Durability5% weightA89HigherC52

Rank among Natural Resources funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GNR and MGNR are both graded against the same 14 Natural Resources funds, so their Grades compare head to head.

Natural Resources⁠

Category · 14 funds
See all 14 ›

GNR ranks 1st and MGNR 11th of 14 funds in the Natural Resources Category.

  1. Rank 1AGNRState Street SPDR S&P Global Natural Resources ETFScore 76
  2. Rank 2AIGEiShares North American Natural Resources ETFScore 75
  3. Rank 10DFTWOStrive Natural Resources and Security ETFScore 36
  4. Rank 11DMGNRAmerican Beacon GLG Natural Resources ETFScore 30
  5. Rank 12DFTRIFirst Trust Indxx Global Natural Resources Income ETFScore 29

Our read on each fund

ETF.net Research

GNRAState Street SPDR S&P Global Natural Resources ETF

MGNRDAmerican Beacon GLG Natural Resources ETF

In short

GNR Most resource ETFs are energy funds in a hard hat. GNR spreads a global, large-cap lineup across agriculture, energy, and metals and mining, roughly 90 names tracking an S&P natural resources index since 2010.

MGNR An actively run slice of the companies that dig, drill and grow the world's raw materials, launched in 2024. Its peer group is stuffed with cheap broad-market core funds; this one is the specialist picking resource stocks by hand.

Stated mandate

GNR The fund seeks to provide investment results corresponding generally to the total return performance of the S&P Global Natural Resources Index. It provides exposure to large-cap companies across agriculture, energy, and metals and mining.

MGNR The Fund seeks long-term capital appreciation and invests primarily in equity securities of companies engaged in natural resources and related businesses.

Why people hold it

  • GNR Three legs, one ticker: crop and fertilizer names, oil and gas, and miners all sit inside the mandate, so no single commodity story runs the whole fund.ssga.com
  • Genuinely global, not North America with a passport. Cohort neighbors IGE and NANR chase the same theme inside one region.
  • 0.40% a year, right around the middle of its natural resources peer group, for an index fund that has been open since 2010.
  • A multi-billion-dollar fund with steady day-to-day trading and one of the stronger builds in its natural resources peer group.
  • MGNR Stock picking, not index following: the managers hunt for long-term capital appreciation in natural-resources equities and can lean wherever they see value in the complex.
  • A rule keeps it honest: at least 80% of net assets must sit in natural-resources and resources-related equities, so the theme can't quietly drift into something else.yahoo.com
  • Real traction for a niche 2024 launch: assets in the hundreds of millions and moderate daily volume, not one of those thinly traded oddities.
  • Pays quarterly, and among active US equity ETFs it lands in the upper half of the pack on our review.

Worth knowing

  • GNR Resource equities ride the commodity cycle. When crude and metals roll over, the drillers and miners in here go with them, diversified thirds or not.
  • Global reach means overseas listings and foreign currency swings layered on top of the commodity moves.
  • Distributions land on an annual or semiannual schedule rather than monthly, so the cash flow is lumpy.
  • MGNR Specialist pricing: 0.75% a year is above the typical active US equity ETF and several times what core peers such as DFAU (0.12%) or AVLC (0.15%) charge.
  • One theme, one cycle. Resource equities track commodity prices, which move in bigger swings than a diversified core portfolio.
  • Young fund: it opened in 2024, so its risk record covers a short stretch rather than a full commodity cycle.

Full GNR profile⁠

Full MGNR profile⁠

GNR vs MGNR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GNR vs MGNR Cost

Overpaying MGNR vs GNR

$6,392

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GNR 0.40%

    $8,090

  • MGNR 0.75%

    $14,482

$10,000
30 years

Cost over time

  • GNR 0.40%
  • MGNR 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MGNR $14,482GNR $8,090

Year by year

YearGNRMGNROverpaying
10$723$1,336$613
20$2,793$5,078$2,285
30$8,090$14,482$6,392

Expense ratio

  • 0.40%GNR, cheaper
  • 0.75%MGNR
  • Middle half of Natural Resources funds
  • Median 0.46%

GNR 4th cheapest of 14 funds

MGNR 13th cheapest of 14 funds

GNR vs MGNR Dividends

Last 12 months to Nov 3, 2026
Yield (12M)
GNR 2.47%, better
MGNR 0.85%
Payout (12M)
GNR $1.82
MGNR $0.40
Last payment
GNR $0.86
MGNR $0.05
Ex-dividend
GNR Jun 1, 2026
MGNR Oct 2, 2026
Paid on
GNR Jun 3, 2026
MGNR Oct 6, 2026
Frequency
GNR Twice a year
MGNR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GNRTwice a year · 19 paymentsAll GNR payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.54; Dec 15, 2017 $0.64; Jun 1, 2018 $0.61; Dec 21, 2018 $0.84; Jun 3, 2019 $0.81; Dec 20, 2019 $0.96; Jun 1, 2020 $0.48; Dec 18, 2020 $0.76; Jun 1, 2021 $0.69; Dec 17, 2021 $1.16; Jun 1, 2022 $1.17; Dec 16, 2022 $1.33; Jun 1, 2023 $0.93; Dec 15, 2023 $0.98; Jun 3, 2024 $0.99; Dec 18, 2024 $1.37; Jun 2, 2025 $0.76; Dec 18, 2025 $0.96; Jun 1, 2026 $0.86. Use the arrow keys to read each point.$0$12017202020232026YTD
MGNRQuarterly · 11 paymentsAll MGNR payments⁠
One bar per payment. 11 payments from 2017 to 2026 YTD. Apr 2, 2024 $0.08; Jul 2, 2024 $0.05; Oct 2, 2024 $0.07; Dec 20, 2024 $0.04; Apr 2, 2025 $0.07; Jul 2, 2025 $0.24; Oct 2, 2025 $0.06; Dec 22, 2025 $0.15; Apr 2, 2026 $0.15; Jul 2, 2026 $0.05; Oct 2, 2026 $0.05. Use the arrow keys to read each point.$0$12017202020232026YTD

GNR vs MGNR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GNR 15.9%MGNR 23.0%since Mar 2024
Return per unit of riskSharpe ratio, 3 years
GNR 0.75MGNR 0.98since Mar 2024
Worst fallMax drawdown, 5 years
GNR −25.7%MGNR −22.1%since Feb 2024
Market sensitivityBeta, 5 years
GNR 0.49MGNR 0.74

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