MGNR vs QQQ
American Beacon GLG Natural Resources ETF vs Invesco QQQ Trust, Series 1
Which is better, MGNR or QQQ?
Mid Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. MGNR led over the full window, QQQ over 1Y. MGNR is less concentrated, with 39.8% of the fund in its ten largest positions against 46.7%.
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 | QQQ |
|---|---|---|
| Expense Ratio | 0.75% | 0.18%Best |
| AUM | $198M | $506.1B |
| Dividend Yield | 0.83% | 0.42% |
| Holdings | 45 | 321 |
| YTD Return | +8.86% | +19.30%Best |
| 1Y Return | +19.22% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 22.8% | 17.2%Best |
| Max Drawdown | -22.1%Best | -22.8% |
| $10,000 over 2.7 years | $20,489Best | $17,346 |
| Top 10 Weight | 39.8%Best | 46.7% |
| Fund Family | American Beacon Funds | Invesco (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Growth |
| Inception | Feb 5, 2024 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Feb 6, 2024 to Oct 14, 2026 (2.7 years).
MGNR vs QQQ 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 2.7 years both funds cover.
MGNR vs QQQ Performance
American Beacon GLG Natural Resources ETF (MGNR) is an ETF from American Beacon Funds and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MGNR returned +19.22% while QQQ returned +22.47%. Year to date, MGNR is up 8.86% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGNR has been the more volatile fund, with annualized monthly volatility of 22.8% compared with 17.2% for QQQ. 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.23. They move largely independently of each other.
Fees and Cost Over Time
MGNR charges 0.75% per year while QQQ charges 0.18%. On a $10,000 position that is $75 vs $18 annually, a gap of $57 per year that compounds over a long holding period. On income, MGNR currently yields 0.83% against 0.42% for QQQ.
Holdings Overlap
2.1% of MGNR's money is in holdings QQQ also owns. 0.2% of QQQ's money is in holdings MGNR also owns.
MGNR and QQQ share little of their money.
1 positions in common, counted across the 44 positions we hold weights for in MGNR and 101 in QQQ, against full books of 45 and 321.
What only one of them owns
Our book lists 92 positions for QQQ that do not appear in our book for MGNR (96.1% of the fund), and 20 for MGNR that do not appear in QQQ (42.8%).
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 QQQ | Difference |
|---|---|---|---|
| FANGDiamondback Energy Inc - Common | 2.15% | 0.21% | 1.94% |
You are not choosing between two funds in isolation.
Whichever of MGNR and QQQ 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 QQQ?
MGNR has an expense ratio of 0.75% while QQQ charges 0.18%. QQQ is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, MGNR or QQQ?
Over the past year MGNR returned +19.22% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MGNR or QQQ?
MGNR has been the more volatile fund at 22.8% annualized versus 17.2% for QQQ. Worst drawdown: MGNR -22.1% vs QQQ -22.8%.
Should I hold both MGNR and QQQ?
MGNR and QQQ have a monthly-return correlation of 0.23, 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 QQQ?
2.1% of MGNR's money is in holdings QQQ also owns. 0.2% of QQQ's is in holdings MGNR also owns. They hold 1 positions in common, counted across the 44 positions we hold weights for in MGNR and 101 in QQQ.
Which pays a higher dividend, MGNR or QQQ?
MGNR yields 0.83% while QQQ yields 0.42%, so MGNR currently pays the higher dividend yield.
Is QQQ better than MGNR?
QQQ has a lower expense ratio. MGNR led over the full window, QQQ over 1Y. MGNR is less concentrated, with 39.8% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.