CNR vs. ARLP
CNR (Core Natural Resources, Inc) and ARLP (Alliance Resource Partners, L.P.) are both stocks. Both operate in the Thermal Coal industry within the Energy sector. Over the past 5 years, CNR returned 36.75%/yr vs 41.47%/yr for ARLP. At a 0.50 correlation, their price movements are largely independent.
Performance
CNR vs. ARLP - Performance Comparison
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Returns By Period
In the year-to-date period, CNR achieves a -6.86% return, which is significantly lower than ARLP's 10.94% return.
CNR
- 1D
- 0.15%
- 1M
- -2.06%
- YTD
- -6.86%
- 6M
- -7.72%
- 1Y
- 18.71%
- 3Y*
- 8.33%
- 5Y*
- 36.75%
- 10Y*
- —
ARLP
- 1D
- 0.57%
- 1M
- -1.33%
- YTD
- 10.94%
- 6M
- 9.57%
- 1Y
- 4.85%
- 3Y*
- 24.03%
- 5Y*
- 41.47%
- 10Y*
- 14.94%
CNR vs. ARLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNR Core Natural Resources, Inc | -6.86% | -16.58% | 6.59% | 60.65% | 195.52% | 214.98% | -50.31% | -54.24% | -19.74% | 75.60% |
ARLP Alliance Resource Partners, L.P. | 10.94% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | -56.80% | -28.90% | -1.90% | 5.35% |
Correlation
The correlation between CNR and ARLP is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2017 | 0.50 |
The correlation between CNR and ARLP shifts across timeframes, from 0.44 (3 years) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CNR:
$4.20B
ARLP:
$3.16B
CNR:
-$1.22
ARLP:
$72.64
CNR:
1.00
ARLP:
0.01
CNR:
1.15
ARLP:
1.53
CNR:
$4.23B
ARLP:
$517.67B
CNR:
$133.44M
ARLP:
$353.56M
CNR:
$540.42M
ARLP:
$82.91B
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Return for Risk
CNR vs. ARLP — Risk / Return Rank
CNR
ARLP
CNR vs. ARLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Core Natural Resources, Inc (CNR) and Alliance Resource Partners, L.P. (ARLP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNR | ARLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.05 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.28 | +0.41 |
| Martin ratioReturn relative to average drawdown | 1.29 | 0.50 | +0.79 |
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Drawdowns
CNR vs. ARLP - Drawdown Comparison
The maximum CNR drawdown since its inception was -92.21%, roughly equal to the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for CNR and ARLP.
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Drawdown Indicators
| CNR | ARLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.21% | -90.52% | -1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -17.63% | -9.76% |
Max Drawdown (3Y)Largest decline over 3 years | -52.14% | -20.83% | -31.31% |
Max Drawdown (5Y)Largest decline over 5 years | -52.14% | -29.13% | -23.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.26% | — |
Current DrawdownCurrent decline from peak | -37.83% | -13.28% | -24.55% |
Average DrawdownAverage peak-to-trough decline | -36.76% | -24.31% | -12.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.49% | 9.68% | +4.81% |
Volatility
CNR vs. ARLP - Volatility Comparison
Core Natural Resources, Inc (CNR) has a higher volatility of 14.83% compared to Alliance Resource Partners, L.P. (ARLP) at 7.11%. This indicates that CNR's price experiences larger fluctuations and is considered to be riskier than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNR | ARLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | 7.11% | +7.72% |
Volatility (6M)Calculated over the trailing 6-month period | 32.65% | 16.51% | +16.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.23% | 23.33% | +25.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.98% | 33.43% | +21.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.89% | 50.19% | +16.70% |
Dividends
CNR vs. ARLP - Dividend Comparison
CNR's dividend yield for the trailing twelve months is around 0.49%, less than ARLP's 9.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.78% | 11.19% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% |
CNR Core Natural Resources, Inc | 0.49% | 0.45% | 0.47% | 2.19% | 3.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CNR vs. ARLP - Financials Comparison
This section allows you to compare key financial metrics between Core Natural Resources, Inc and Alliance Resource Partners, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CNR vs. ARLP - Profitability Comparison
CNR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported a gross profit of 160.10M and revenue of 1.08B. Therefore, the gross margin over that period was 14.8%.
ARLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alliance Resource Partners, L.P. reported a gross profit of 0.00 and revenue of 516.02B. Therefore, the gross margin over that period was 0.0%.
CNR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported an operating income of 22.72M and revenue of 1.08B, resulting in an operating margin of 2.1%.
ARLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alliance Resource Partners, L.P. reported an operating income of 21.86B and revenue of 516.02B, resulting in an operating margin of 4.2%.
CNR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Core Natural Resources, Inc reported a net income of 21.04M and revenue of 1.08B, resulting in a net margin of 1.9%.
ARLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alliance Resource Partners, L.P. reported a net income of 9.09B and revenue of 516.02B, resulting in a net margin of 1.8%.
Frequently Asked Questions
CNR and ARLP have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNR has higher volatility (14.83%) compared to ARLP (7.11%). In terms of maximum drawdown, CNR dropped -92.21% vs ARLP's -90.52%.
CNR currently has the higher Sharpe Ratio (0.38 vs 0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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