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IGE vs MGNR

iShares North American Natural Resources ETF

IGEACboe

American Beacon GLG Natural Resources ETF

MGNRDNYSE Arca

Overlap

Expense ratio

IGE −0.38pt a year

IGE0.37%MGNR0.75%

Avg volume · 30D

MGNR 1.3×the volume

IGE142KMGNR184K

IGE vs MGNR Performance

Nov 3, 2025 – Nov 3, 2026

+37.8%IGE+16.3%MGNR

Nov 3, 2025 to Nov 3, 2026. IGE +37.8%. MGNR +16.3%. Use the arrow keys to read each point.0%10%30%Nov 2025May 2026Nov 2026
Expense ratio
IGE 0.37%, better
MGNR 0.75%
Fund size
IGE $818M
MGNR $1.23B
1Y total return
IGE +37.8%, better
MGNR +16.3%
Yield (12M)
IGE 1.87%, better
MGNR 0.85%
Holdings
IGE 153
MGNR 52
Avg volume (30D)
IGE 142K sh
MGNR 184K sh, better
NAV per share
IGE $64.94
MGNR $47.04
52W range

ETF.net Grade

IGE: Cost 91, Risk 60, Mission not scored, Tradability 85, Holdings 37, Durability 79. MGNR: Cost 8, Risk 29, Mission not scored, Tradability 51, Holdings 58, Durability 52.
Pillar letters and Scores for IGE, MGNR, with each pillar’s weight
PillarIGEMGNR
Cost30% weightA91HigherF8
Mission25% weightNot scoredNot scored
Risk15% weightB60HigherD29
Tradability15% weightA85HigherC51
Holdings10% weightD37B58Higher
Durability5% weightA79HigherC52

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. IGE 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 ›

IGE ranks 2nd 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 2ANANRState Street SPDR S&P North American Natural Resources ETFScore 75
  4. Rank 10DFTWOStrive Natural Resources and Security ETFScore 36
  5. Rank 11DMGNRAmerican Beacon GLG Natural Resources ETFScore 30
  6. Rank 12DFTRIFirst Trust Indxx Global Natural Resources Income ETFScore 29

Our read on each fund

ETF.net Research

IGEAiShares North American Natural Resources ETF

MGNRDAmerican Beacon GLG Natural Resources ETF

In short

IGE A 2001-vintage way to own the stuff the economy digs up and drills for: US and Canadian energy, metals, miners and timber in one market-cap-weighted basket, priced below the natural-resources average.

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

IGE The fund seeks to follow an index representing North American equities in the natural-resources sector.

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

  • IGE Launched in October 2001, one of the longest-running natural-resources ETFs on the tape, with several full commodity cycles behind it.investing.com
  • 0.37% a year sits under the natural-resources cohort median of 0.41%, and well under GUNR's 0.47%.
  • About 150 names spanning oil and gas, metals and mining, and paper and forest products, so it reaches past the usual oil-major shortlist.investing.com
  • Plain index tracking from iShares, distributions paid quarterly, and one of the stronger builds in its natural-resources peer group.ishares.com
  • 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

  • IGE North America only. GNR and GUNR cast a global net, which picks up large overseas miners this one leaves on the table.
  • Market-cap weighting hands the largest energy names the heaviest slots, and the basket rides the commodity cycle in both directions.
  • Mid-sized and moderately traded rather than a mega-liquid giant, so spreads deserve a look on larger orders.
  • 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 IGE profile⁠

Full MGNR profile⁠

IGE 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.

IGE vs MGNR Cost

Overpaying MGNR vs IGE

$6,969

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

  • IGE 0.37%

    $7,513

  • MGNR 0.75%

    $14,482

$10,000
30 years

Cost over time

  • IGE 0.37%
  • 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 $14,482IGE $7,513

Year by year

YearIGEMGNROverpaying
10$670$1,336$666
20$2,590$5,078$2,488
30$7,513$14,482$6,969

Expense ratio

  • 0.37%IGE, cheaper
  • 0.75%MGNR
  • Middle half of Natural Resources funds
  • Median 0.46%

IGE 2nd cheapest of 14 funds

MGNR 13th cheapest of 14 funds

IGE vs MGNR Dividends

Last 12 months to Nov 3, 2026
Yield (12M)
IGE 1.87%, better
MGNR 0.85%
Payout (12M)
IGE $1.20
MGNR $0.40
Last payment
IGE $0.32
MGNR $0.05
Ex-dividend
IGE Sep 15, 2026
MGNR Oct 2, 2026
Paid on
IGE Sep 18, 2026
MGNR Oct 6, 2026
Frequency
IGE Quarterly
MGNR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IGEQuarterly · 39 paymentsAll IGE payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.13; Jun 27, 2017 $0.15; Sep 26, 2017 $0.30; Dec 19, 2017 $0.17; Mar 22, 2018 $0.15; Jun 26, 2018 $0.17; Sep 26, 2018 $0.18; Dec 17, 2018 $0.24; Mar 20, 2019 $0.16; Jun 17, 2019 $0.22; Sep 24, 2019 $0.21; Dec 16, 2019 $1.08; Mar 25, 2020 $0.20; Jun 15, 2020 $0.17; Sep 23, 2020 $0.21; Dec 14, 2020 $0.20; Mar 25, 2021 $0.24; Jun 10, 2021 $0.17; Sep 24, 2021 $0.27; Dec 13, 2021 $0.24; Mar 24, 2022 $0.22; Jun 9, 2022 $0.23; Sep 26, 2022 $0.42; Dec 13, 2022 $0.33; Mar 23, 2023 $0.29; Jun 7, 2023 $0.23; Sep 26, 2023 $0.32; Dec 20, 2023 $0.32; Mar 21, 2024 $0.22; Jun 11, 2024 $0.27; Sep 25, 2024 $0.32; Dec 17, 2024 $0.27; Mar 18, 2025 $0.24; Jun 16, 2025 $0.27; Sep 16, 2025 $0.30; Dec 16, 2025 $0.36; Mar 17, 2026 $0.24; Jun 15, 2026 $0.29; Sep 15, 2026 $0.32. 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

IGE vs MGNR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
IGE 17.9%MGNR 23.0%since Mar 2024
Return per unit of riskSharpe ratio, 3 years
IGE 0.93MGNR 0.98since Mar 2024
Worst fallMax drawdown, 5 years
IGE −25.7%MGNR −22.1%since Feb 2024
Market sensitivityBeta, 5 years
IGE 0.30MGNR 0.74

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