NANR vs. EMET
NANR (SPDR S&P North American Natural Resources ETF) and EMET (VanEck Copper and Green Metals ETF) are both Commodity Producers Equities funds - NANR tracks the S&P BMI North American Natural Resources Index while EMET tracks the MVIS Global Clean-Tech Metals Index. Both are passively managed. Over the past 3 years, NANR returned 20.80%/yr vs 21.61%/yr for EMET. A 0.70 correlation means they provide meaningful diversification when combined. NANR charges 0.35%/yr vs 0.61%/yr for EMET.
Performance
NANR vs. EMET - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NANR having a 24.07% return and EMET slightly higher at 24.96%.
NANR
- 1D
- -0.54%
- 1M
- 2.37%
- YTD
- 24.07%
- 6M
- 26.38%
- 1Y
- 53.70%
- 3Y*
- 20.80%
- 5Y*
- 16.21%
- 10Y*
- 12.52%
EMET
- 1D
- -3.09%
- 1M
- 10.55%
- YTD
- 24.96%
- 6M
- 36.66%
- 1Y
- 116.88%
- 3Y*
- 21.61%
- 5Y*
- —
- 10Y*
- —
NANR vs. EMET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NANR SPDR S&P North American Natural Resources ETF | 24.07% | 35.35% | 2.31% | -3.23% | 26.49% | -0.57% |
EMET VanEck Copper and Green Metals ETF | 24.96% | 81.22% | -12.81% | -12.28% | -17.15% | -0.14% |
Correlation
The correlation between NANR and EMET is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.70 |
The correlation between NANR and EMET has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
NANR vs. EMET — Risk / Return Rank
NANR
EMET
NANR vs. EMET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P North American Natural Resources ETF (NANR) and VanEck Copper and Green Metals ETF (EMET). 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.
| NANR | EMET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.48 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 4.60 | +1.44 |
| Martin ratioReturn relative to average drawdown | 21.31 | 15.70 | +5.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NANR | EMET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 3.27 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.25 | +0.38 |
Drawdowns
NANR vs. EMET - Drawdown Comparison
The maximum NANR drawdown since its inception was -49.15%, smaller than the maximum EMET drawdown of -53.05%. Use the drawdown chart below to compare losses from any high point for NANR and EMET.
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Drawdown Indicators
| NANR | EMET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -53.05% | +3.90% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -25.58% | +16.65% |
Max Drawdown (3Y)Largest decline over 3 years | -18.42% | -40.50% | +22.08% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.15% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -5.29% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -24.83% | +16.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 7.47% | -4.94% |
Volatility
NANR vs. EMET - Volatility Comparison
The current volatility for SPDR S&P North American Natural Resources ETF (NANR) is 4.92%, while VanEck Copper and Green Metals ETF (EMET) has a volatility of 12.59%. This indicates that NANR experiences smaller price fluctuations and is considered to be less risky than EMET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NANR | EMET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 12.59% | -7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.38% | 30.81% | -16.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 35.96% | -17.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.89% | 32.96% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.54% | 32.96% | -9.42% |
NANR vs. EMET - Expense Ratio Comparison
NANR has a 0.35% expense ratio, which is lower than EMET's 0.61% expense ratio.
Dividends
NANR vs. EMET - Dividend Comparison
NANR's dividend yield for the trailing twelve months is around 1.69%, more than EMET's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMET VanEck Copper and Green Metals ETF | 1.47% | 1.84% | 1.89% | 2.02% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NANR SPDR S&P North American Natural Resources ETF | 1.69% | 1.77% | 2.20% | 2.78% | 2.70% | 2.61% | 2.73% | 2.02% | 1.95% | 1.83% | 5.01% | 0.01% |
Frequently Asked Questions
NANR and EMET have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMET has higher volatility (12.59%) compared to NANR (4.92%). In terms of maximum drawdown, NANR dropped -49.15% vs EMET's -53.05%.
On 3-year performance, EMET leads with 21.61% vs 20.80% for NANR. On fees, NANR is cheaper at 0.35% per year. On volatility, NANR has been the lower-risk option at 4.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMET has performed better with a 21.61% return vs 20.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NANR is cheaper with a 0.35% expense ratio, compared with 0.61% for EMET.
NANR has the higher dividend yield at 1.69%, compared with 1.47% for EMET.
NANR tracks S&P BMI North American Natural Resources Index, while EMET tracks MVIS Global Clean-Tech Metals Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.35% for NANR and 0.61% for EMET.
EMET currently has the higher Sharpe Ratio (3.27 vs 2.98), 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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