MGNR vs SPY
American Beacon GLG Natural Resources ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, MGNR or SPY?
Mid Cap Blend against Large Cap Blend.
SPY has a lower expense ratio. MGNR led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 40.7%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MGNR | SPY |
|---|---|---|
| Expense Ratio | 0.75% | 0.09%Best |
| AUM | $198M | $804.7B |
| Dividend Yield | 0.75% | 0.98% |
| Holdings | 45 | 505 |
| YTD Return | +22.08%Best | +11.52% |
| 1Y Return | +43.69%Best | +17.48% |
| 3Y Return (annualized) | - | +20.62% |
| 5Y Return (annualized) | - | +12.73% |
| Volatility (annualized) | 21.8% | 12.0%Best |
| Max Drawdown | -22.1% | -18.8%Best |
| $10,000 over 2.6 years | $22,943Best | $15,826 |
| Top 10 Weight | 40.7% | 38.0%Best |
| Fund Family | American Beacon Funds | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Feb 5, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.6 years row, are measured over the window both funds cover: Feb 6, 2024 to Sep 10, 2026 (2.6 years).
MGNR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.6 years both funds cover.
MGNR vs SPY Performance
American Beacon GLG Natural Resources ETF (MGNR) is an ETF from American Beacon Funds and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year MGNR returned +43.69% while SPY returned +17.48%. Year to date, MGNR is up 22.08% versus a gain of 11.52% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGNR has been the more volatile fund, with annualized monthly volatility of 21.8% compared with 12.0% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for MGNR and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MGNR charges 0.75% per year while SPY charges 0.09%. On a $10,000 position that is $75 vs $9 annually, a gap of $66 per year that compounds over a long holding period. On income, MGNR currently yields 0.75% against 0.98% for SPY.
Holdings Overlap
10.8% of MGNR's money is in holdings SPY also owns. 0.3% of SPY's money is in holdings MGNR also owns.
MGNR and SPY share little of their money.
7 positions in common, counted across the 42 positions we hold weights for in MGNR and 504 in SPY, against full books of 45 and 505.
What only one of them owns
Our book lists 487 positions for SPY that do not appear in our book for MGNR (99.2% of the fund), and 14 for MGNR that do not appear in SPY (32.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in MGNR | Weight in SPY | Difference |
|---|---|---|---|
| BGBunge Global Sa Common Shares | 3.11% | 0.02% | 3.09% |
| EQTEqt Corp | 2.36% | 0.05% | 2.31% |
| FANGDiamondback Energy Inc. | 2.18% | 0.06% | 2.12% |
| IPInternational Paper Co. | 1.59% | 0.03% | 1.56% |
| CFCf Industries Holdings Inc. | 0.98% | 0.03% | 0.95% |
| PKGPackaging Corp. Of America | 0.56% | 0.03% | 0.53% |
| KRKroger Co. | 0.00% | 0.05% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of MGNR and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MGNR or SPY?
MGNR has an expense ratio of 0.75% while SPY charges 0.09%. SPY is the cheaper option, by $66 a year on a $10,000 investment.
Which performed better, MGNR or SPY?
Over the past year MGNR returned +43.69% vs +17.48% for SPY, so MGNR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGNR or SPY?
MGNR has been the more volatile fund at 21.8% annualized versus 12.0% for SPY. Worst drawdown: MGNR -22.1% vs SPY -18.8%.
Should I hold both MGNR and SPY?
MGNR and SPY have a monthly-return correlation of 0.43, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MGNR and SPY?
10.8% of MGNR's money is in holdings SPY also owns. 0.3% of SPY's is in holdings MGNR also owns. They hold 7 positions in common, counted across the 42 positions we hold weights for in MGNR and 504 in SPY.
Which pays a higher dividend, MGNR or SPY?
MGNR yields 0.75% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than MGNR?
SPY has a lower expense ratio. MGNR led over 1Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 40.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.