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NANR vs. IGE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

NANR vs. IGE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P North American Natural Resources ETF (NANR) and iShares North American Natural Resources ETF (IGE).

NANR and IGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 22, 2001. Both NANR and IGE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

NANR vs. IGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P North American Natural Resources ETF (NANR) and iShares North American Natural Resources ETF (IGE). The values are adjusted to include any dividend payments, if applicable.

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NANR vs. IGE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NANR
SPDR S&P North American Natural Resources ETF		23.68%35.35%2.31%-3.23%26.49%36.43%1.03%18.99%-16.77%8.03%
IGE
iShares North American Natural Resources ETF		24.10%20.41%7.55%3.12%33.24%39.42%-19.58%17.16%-21.59%0.82%

Returns By Period

The year-to-date returns for both investments are quite close, with NANR having a 23.68% return and IGE slightly higher at 24.10%. Over the past 10 years, NANR has outperformed IGE with an annualized return of 14.17%, while IGE has yielded a comparatively lower 11.04% annualized return.

NANR

1D
-0.13%
1M
-2.66%
YTD
23.68%
6M
30.97%
1Y
53.36%
3Y*
18.77%
5Y*
19.18%
10Y*
14.17%

IGE

1D
-1.41%
1M
-1.97%
YTD
24.10%
6M
27.72%
1Y
38.69%
3Y*
19.51%
5Y*
20.27%
10Y*
11.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P North American Natural Resources ETF

iShares North American Natural Resources ETF

Often compared with NANR:
NANR vs. HAPNANR vs. FXZNANR vs. XLENANR vs. FTRINANR vs. VOONANR vs. FXAIXNANR vs. SPY
Often compared with IGE:
IGE vs. GUNRIGE vs. XLEIGE vs. PXEIGE vs. IGEBIGE vs. FXAIXIGE vs. SCHDIGE vs. VTI

NANR vs. IGE - Expense Ratio Comparison

NANR has a 0.35% expense ratio, which is lower than IGE's 0.39% expense ratio.

IGE
iShares North American Natural Resources ETF
NANR
SPDR S&P North American Natural Resources ETF

Return for Risk

NANR vs. IGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NANR
NANR Risk / Return Rank: 9393
Overall Rank
NANR Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
NANR Sortino Ratio Rank: 9393
Sortino Ratio Rank
NANR Omega Ratio Rank: 9393
Omega Ratio Rank
NANR Calmar Ratio Rank: 9191
Calmar Ratio Rank
NANR Martin Ratio Rank: 9595
Martin Ratio Rank
IGE
IGE Risk / Return Rank: 8383
Overall Rank
IGE Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IGE Sortino Ratio Rank: 8383
Sortino Ratio Rank
IGE Omega Ratio Rank: 8585
Omega Ratio Rank
IGE Calmar Ratio Rank: 8080
Calmar Ratio Rank
IGE Martin Ratio Rank: 8181
Martin Ratio Rank
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.

NANR vs. IGE - 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 iShares North American Natural Resources ETF (IGE). 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.

NANRIGEDifference

Sharpe ratio

Return per unit of total volatility

2.33

1.80

+0.53

Sortino ratio

Return per unit of downside risk

2.85

2.27

+0.59

Omega ratio

Gain probability vs. loss probability

1.43

1.35

+0.08

Calmar ratio

Return relative to maximum drawdown

3.35

2.34

+1.01

Martin ratio

Return relative to average drawdown

15.72

9.44

+6.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NANR vs. IGE - Sharpe Ratio Comparison

The current NANR Sharpe Ratio is 2.33, which is comparable to the IGE Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of NANR and IGE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

NANRIGEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

1.80

+0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.90

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.44

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.30

+0.33

Correlation

The correlation between NANR and IGE is 0.92, 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.

Dividends

NANR vs. IGE - Dividend Comparison

NANR's dividend yield for the trailing twelve months is around 1.43%, less than IGE's 1.88% yield.

TTM20252024202320222021202020192018201720162015
NANR
SPDR S&P North American Natural Resources ETF		1.43%1.77%2.20%2.78%2.70%2.61%2.73%2.02%1.95%1.83%5.01%0.01%
IGE
iShares North American Natural Resources ETF		1.88%2.32%2.54%2.85%2.96%2.92%3.34%5.55%2.68%2.11%1.66%3.08%

Drawdowns

NANR vs. IGE - Drawdown Comparison

The maximum NANR drawdown since its inception was -49.15%, smaller than the maximum IGE drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for NANR and IGE.

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Drawdown Indicators

NANRIGEDifference

Max Drawdown

Largest peak-to-trough decline

-49.15%

-67.55%

+18.40%

Max Drawdown (1Y)

Largest decline over 1 year

-16.17%

-16.95%

+0.78%

Max Drawdown (5Y)

Largest decline over 5 years

-26.42%

-25.72%

-0.70%

Max Drawdown (10Y)

Largest decline over 10 years

-49.15%

-60.57%

+11.42%

Current Drawdown

Current decline from peak

-2.66%

-1.97%

-0.69%

Average Drawdown

Average peak-to-trough decline

-8.48%

-19.01%

+10.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

4.20%

-0.76%

Volatility

NANR vs. IGE - Volatility Comparison

SPDR S&P North American Natural Resources ETF (NANR) has a higher volatility of 5.37% compared to iShares North American Natural Resources ETF (IGE) at 4.35%. This indicates that NANR's price experiences larger fluctuations and is considered to be riskier than IGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NANRIGEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.37%

4.35%

+1.02%

Volatility (6M)

Calculated over the trailing 6-month period

15.56%

13.19%

+2.37%

Volatility (1Y)

Calculated over the trailing 1-year period

23.03%

21.60%

+1.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.10%

22.65%

+0.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.74%

25.04%

-1.30%