IGE vs. NANR
Compare and contrast key facts about iShares North American Natural Resources ETF (IGE) and SPDR S&P North American Natural Resources ETF (NANR).
IGE and NANR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGE is a passively managed fund by iShares that tracks the performance of the S&P North American Natural Resources Sector Index. It was launched on Oct 26, 2001. NANR is a passively managed fund by State Street that tracks the performance of the S&P BMI North American Natural Resources Index. It was launched on Dec 15, 2015. Both IGE and NANR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGE or NANR.
Performance
IGE vs. NANR - Performance Comparison
Returns By Period
In the year-to-date period, IGE achieves a 15.50% return, which is significantly higher than NANR's 10.32% return.
IGE
15.50%
2.01%
1.52%
20.04%
13.46%
4.02%
NANR
10.32%
-2.48%
-3.63%
14.84%
14.93%
N/A
Key characteristics
| IGE | NANR | |
|---|---|---|
| Sharpe Ratio | 1.13 | 0.79 |
| Sortino Ratio | 1.59 | 1.17 |
| Omega Ratio | 1.20 | 1.14 |
| Calmar Ratio | 1.83 | 0.70 |
| Martin Ratio | 4.94 | 3.01 |
| Ulcer Index | 3.67% | 4.64% |
| Daily Std Dev | 16.00% | 17.78% |
| Max Drawdown | -67.73% | -49.15% |
| Current Drawdown | -0.75% | -4.14% |
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IGE vs. NANR - Expense Ratio Comparison
IGE has a 0.46% expense ratio, which is higher than NANR's 0.35% expense ratio.
Correlation
The correlation between IGE and NANR is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IGE vs. NANR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) and SPDR S&P North American Natural Resources ETF (NANR). 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.
Dividends
IGE vs. NANR - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 2.46%, more than NANR's 2.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 2.46% | 2.85% | 2.95% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.07% | 1.83% | 1.50% |
NANR SPDR S&P North American Natural Resources ETF | 2.14% | 2.78% | 2.70% | 2.61% | 2.73% | 2.02% | 1.95% | 1.83% | 5.01% | 0.01% | 0.00% | 0.00% |
Drawdowns
IGE vs. NANR - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.73%, which is greater than NANR's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for IGE and NANR. For additional features, visit the drawdowns tool.
Volatility
IGE vs. NANR - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 3.82% compared to SPDR S&P North American Natural Resources ETF (NANR) at 3.60%. This indicates that IGE's price experiences larger fluctuations and is considered to be riskier than NANR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.