KRP vs. SPY
Compare and contrast key facts about Kimbell Royalty Partners, LP (KRP) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KRP or SPY.
Correlation
The correlation between KRP and SPY is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KRP vs. SPY - Performance Comparison
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Key characteristics
KRP:
-0.15
SPY:
0.70
KRP:
-0.12
SPY:
1.13
KRP:
0.98
SPY:
1.17
KRP:
-0.23
SPY:
0.76
KRP:
-0.66
SPY:
2.93
KRP:
9.42%
SPY:
4.86%
KRP:
27.46%
SPY:
20.29%
KRP:
-80.91%
SPY:
-55.19%
KRP:
-12.75%
SPY:
-3.97%
Returns By Period
In the year-to-date period, KRP achieves a -11.57% return, which is significantly lower than SPY's 0.43% return.
KRP
-11.57%
15.58%
-10.02%
-4.13%
30.89%
N/A
SPY
0.43%
9.91%
-1.06%
14.09%
17.31%
12.66%
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Risk-Adjusted Performance
KRP vs. SPY — Risk-Adjusted Performance Rank
KRP
SPY
KRP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kimbell Royalty Partners, LP (KRP) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
KRP vs. SPY - Dividend Comparison
KRP's dividend yield for the trailing twelve months is around 8.82%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 8.82% | 10.78% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
KRP vs. SPY - Drawdown Comparison
The maximum KRP drawdown since its inception was -80.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for KRP and SPY. For additional features, visit the drawdowns tool.
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Volatility
KRP vs. SPY - Volatility Comparison
Kimbell Royalty Partners, LP (KRP) has a higher volatility of 12.37% compared to SPDR S&P 500 ETF (SPY) at 6.25%. This indicates that KRP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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