COAL vs. ARLP

Last updated Jun 4, 2026

COAL (Range Global Coal Index ETF) is Energy Equities fund tracking the VettaFi Global Coal Index, while ARLP (Alliance Resource Partners, L.P.) is a stock. Over the past year, COAL returned 68.37% vs 7.68% for ARLP. At a 0.42 correlation, their price movements are largely independent.

Performance

COAL vs. ARLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Range Global Coal Index ETF (COAL) and Alliance Resource Partners, L.P. (ARLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COAL achieves a 21.77% return, which is significantly higher than ARLP's 14.82% return.

COAL

• 1D: -0.70%
• 1M: 8.24%
• YTD: 21.77%
• 6M: 24.50%
• 1Y: 68.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARLP

• 1D: -0.35%
• 1M: -1.06%
• YTD: 14.82%
• 6M: 12.17%
• 1Y: 7.68%
• 3Y*: 25.72%
• 5Y*: 45.72%
• 10Y*: 15.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COAL vs. ARLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
COAL Range Global Coal Index ETF	21.77%	12.65%	-16.01%
ARLP Alliance Resource Partners, L.P.	14.82%	-2.45%	33.60%

Correlation

The correlation between COAL and ARLP is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024	0.42

Return for Risk

COAL vs. ARLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COAL

COAL Risk / Return Rank: 70
COAL Sharpe Ratio Rank: 72
COAL Sortino Ratio Rank: 70
COAL Omega Ratio Rank: 63
COAL Calmar Ratio Rank: 83
COAL Martin Ratio Rank: 60

ARLP

ARLP Risk / Return Rank: 48
ARLP Sharpe Ratio Rank: 53
ARLP Sortino Ratio Rank: 45
ARLP Omega Ratio Rank: 44
ARLP Calmar Ratio Rank: 50
ARLP Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COAL vs. ARLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Range Global Coal Index ETF (COAL) 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.

	COAL	ARLP	Difference
Sharpe ratio: Return per unit of total volatility	2.34	0.34	+2.00
Sortino ratio: Return per unit of downside risk	3.15	0.65	+2.51
Omega ratio: Gain probability vs. loss probability	1.38	1.08	+0.30
Calmar ratio: Return relative to maximum drawdown	4.46	0.44	+4.02
Martin ratio: Return relative to average drawdown	10.51	0.83	+9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COAL vs. ARLP - Sharpe Ratio Comparison

The current COAL Sharpe Ratio is 2.34, which is higher than the ARLP Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of COAL and ARLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COAL	ARLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	0.34	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.37	-0.15

Drawdowns

COAL vs. ARLP - Drawdown Comparison

The maximum COAL drawdown since its inception was -42.29%, smaller than the maximum ARLP drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for COAL and ARLP.

Drawdown Indicators

	COAL	ARLP	Difference
Max Drawdown Largest peak-to-trough decline	-42.29%	-90.52%	+48.23%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-17.62%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.83%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-85.26%	—
Current Drawdown Current decline from peak	-2.20%	-10.24%	+8.04%
Average Drawdown Average peak-to-trough decline	-14.14%	-24.34%	+10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	9.28%	-2.76%

Volatility

COAL vs. ARLP - Volatility Comparison

Range Global Coal Index ETF (COAL) has a higher volatility of 10.59% compared to Alliance Resource Partners, L.P. (ARLP) at 5.78%. This indicates that COAL'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.

Volatility by Period

	COAL	ARLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	5.78%	+4.81%
Volatility (6M) Calculated over the trailing 6-month period	21.26%	15.70%	+5.56%
Volatility (1Y) Calculated over the trailing 1-year period	29.39%	22.63%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.60%	33.82%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	50.24%	-22.64%

Dividends

COAL vs. ARLP - Dividend Comparison

COAL's dividend yield for the trailing twelve months is around 2.16%, less than ARLP's 9.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARLP Alliance Resource Partners, L.P.	9.45%	11.19%	10.65%	13.22%	7.38%	3.16%	8.93%	19.82%	11.94%	9.54%	8.85%	19.74%
COAL Range Global Coal Index ETF	2.16%	2.63%	1.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COAL and ARLP in my portfolio?

COAL and ARLP have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COAL or ARLP?

COAL has higher volatility (10.59%) compared to ARLP (5.78%). In terms of maximum drawdown, COAL dropped -42.29% vs ARLP's -90.52%.

Which has better risk-adjusted returns?

COAL currently has the higher Sharpe Ratio (2.34 vs 0.34), 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.