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 0.28, 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
Key characteristics
KRP:
0.73
SPY:
2.03
KRP:
1.09
SPY:
2.71
KRP:
1.13
SPY:
1.38
KRP:
0.80
SPY:
3.02
KRP:
3.75
SPY:
13.49
KRP:
3.37%
SPY:
1.88%
KRP:
17.20%
SPY:
12.48%
KRP:
-80.91%
SPY:
-55.19%
KRP:
-6.02%
SPY:
-3.54%
Returns By Period
In the year-to-date period, KRP achieves a 14.34% return, which is significantly lower than SPY's 24.51% return.
KRP
14.34%
-2.96%
0.39%
12.04%
9.22%
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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Risk-Adjusted Performance
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.
Dividends
KRP vs. SPY - Dividend Comparison
KRP's dividend yield for the trailing twelve months is around 11.36%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRP Kimbell Royalty Partners, LP | 11.36% | 11.50% | 11.26% | 8.36% | 11.00% | 9.29% | 12.22% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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.
Volatility
KRP vs. SPY - Volatility Comparison
Kimbell Royalty Partners, LP (KRP) and SPDR S&P 500 ETF (SPY) have volatilities of 3.63% and 3.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.