OILT vs. MGNR ETF Comparison
Comparison of Texas Capital Texas Oil Index ETF (OILT) to American Beacon GLG Natural Resources ETF (MGNR)
OILT
Texas Capital Texas Oil Index ETF
OILT Description
OILT aims to track the performance of an economic-value weighted index of energy companies that extract oil and gas within Texas. Companies in the index must be publicly traded and responsible for more than 0.1% of the annual state oil and gas production of Texas over the past 10 years based on data from the Texas Railroad Commission. The companies are sensitive to the price of West Texas Intermediate crude oil. Global and domestic infrastructure and trading have created efficiencies that have made the US a net exporter of oil and may positively impact the profitability of these companies. The stocks are weighted in the index by the aggregated economic value of oil and gas production of the company and multiplying it by the average oil and gas futures prices from the last day of trading of February in the current and previous year. Outside of extraordinary events, the index is reconstituted annually and rebalanced quarterly.
Grade (RS Rating)
Last Trade
$27.20
Average Daily Volume
1,164
25
MGNR
American Beacon GLG Natural Resources ETF
MGNR Description
MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.Grade (RS Rating)
Last Trade
$29.85
Average Daily Volume
24,888
6
Performance
| Period | OILT | MGNR |
|---|---|---|
| 30 Days | 0.40% | -5.00% |
| 60 Days | -5.46% | -1.46% |
| 90 Days | 9.21% | 21.77% |
| 12 Months |
1 Overlapping Holdings
| Symbol | Grade | Weight in OILT | Weight in MGNR | Overlap | |
|---|---|---|---|---|---|
| PR | C | 3.17% | 3.91% | 3.17% |
OILT Overweight 24 Positions Relative to MGNR
| Symbol | Grade | Weight | |
|---|---|---|---|
| OXY | C | 8.86% | |
| FANG | C | 8.29% | |
| XOM | C | 8.26% | |
| COP | D | 7.87% | |
| EOG | C | 7.61% | |
| APA | D | 6.27% | |
| CVX | C | 4.73% | |
| DVN | C | 4.42% | |
| SM | C | 4.33% | |
| OVV | D | 4.28% | |
| MRO | B | 4.24% | |
| KMI | A | 2.31% | |
| BP | D | 2.07% | |
| CRGY | C | 2.03% | |
| CRK | C | 1.58% | |
| SBOW | C | 1.54% | |
| CTRA | C | 1.53% | |
| CHK | D | 1.39% | |
| MGY | C | 1.35% | |
| MUR | D | 1.29% | |
| TTE | C | 0.83% | |
| REI | F | 0.7% | |
| REPX | B | 0.6% | |
| MTDR | D | 0.27% |
OILT: Top Represented Industries & Keywords
MGNR: Top Represented Industries & Keywords
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