MGNR vs. LBAY ETF Comparison
Comparison of American Beacon GLG Natural Resources ETF (MGNR) to Leatherback Long/Short Alternative Yield ETF (LBAY)
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
$30.46
Average Daily Volume
27,019
6
LBAY
Leatherback Long/Short Alternative Yield ETF
LBAY Description
The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.Grade (RS Rating)
Last Trade
$25.64
Average Daily Volume
5,431
55
Performance
| Period | MGNR | LBAY |
|---|---|---|
| 30 Days | -0.07% | -3.14% |
| 60 Days | -0.07% | -3.60% |
| 90 Days | 5.13% | -4.95% |
| 12 Months | -1.12% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MGNR | Weight in LBAY | Overlap |
|---|
MGNR Underweight 55 Positions Relative to LBAY
| Symbol | Grade | Weight | |
|---|---|---|---|
| BG | B | -5.47% | |
| XOM | D | -5.35% | |
| FIS | B | -5.11% | |
| V | C | -4.92% | |
| ORI | D | -4.85% | |
| ICE | A | -4.45% | |
| AGNC | A | -4.35% | |
| ZBH | D | -4.34% | |
| AWK | B | -4.2% | |
| APD | D | -4.16% | |
| CMCSA | F | -4.04% | |
| LHX | B | -4.03% | |
| NEM | A | -3.99% | |
| ABBV | C | -3.97% | |
| PKG | C | -3.93% | |
| MDT | D | -3.77% | |
| MMM | B | -3.74% | |
| UNP | D | -3.29% | |
| MTN | F | -3.19% | |
| LW | F | -3.1% | |
| JNJ | F | -3.0% | |
| KDP | D | -2.85% | |
| KO | A | -2.85% | |
| BKNG | B | -2.73% | |
| PCH | F | -2.67% | |
| WM | B | -2.62% | |
| SPGI | B | -2.6% | |
| T | B | -2.56% | |
| RIO | C | -2.54% | |
| MSCI | C | -2.54% | |
| CARR | C | -2.49% | |
| DPZ | D | -2.47% | |
| SOLV | F | -1.64% | |
| DUOL | F | --0.78% | |
| COIN | C | --0.81% | |
| DAL | D | --0.98% | |
| FIX | D | --1.09% | |
| NFLX | A | --1.1% | |
| SITE | F | --1.1% | |
| IRM | B | --1.13% | |
| BURL | B | --1.13% | |
| CMG | D | --1.28% | |
| VRT | C | --1.33% | |
| DKS | C | --1.36% | |
| AAPL | A | --1.36% | |
| SQ | C | --1.39% | |
| EQIX | C | --1.58% | |
| SF | B | --1.64% | |
| BLK | B | --1.72% | |
| DASH | C | --1.73% | |
| DLR | B | --1.75% | |
| PLNT | B | --1.81% | |
| OLLI | B | --1.83% | |
| TSLA | B | --1.87% | |
| RCL | B | --1.9% |
MGNR: Top Represented Industries & Keywords
LBAY: Top Represented Industries & Keywords
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