NANR vs. IXC

Last updated Apr 3, 2026

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

NANR and IXC 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. IXC is a passively managed fund by iShares that tracks the performance of the S&P Global Energy Sector Index. It was launched on Nov 16, 2001. Both NANR and IXC 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. IXC - 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 Global Energy ETF (IXC). The values are adjusted to include any dividend payments, if applicable.

NANR vs. IXC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NANR SPDR S&P North American Natural Resources ETF	24.03%	35.35%	2.31%	-3.23%	26.49%	36.43%	1.03%	18.99%	-16.77%	8.03%
IXC iShares Global Energy ETF	34.70%	13.98%	1.95%	3.92%	48.51%	40.88%	-31.00%	12.67%	-14.85%	5.54%

Returns By Period

In the year-to-date period, NANR achieves a 24.03% return, which is significantly lower than IXC's 34.70% return. Over the past 10 years, NANR has outperformed IXC with an annualized return of 14.41%, while IXC has yielded a comparatively lower 11.43% annualized return.

NANR

• 1D: 0.29%
• 1M: 1.09%
• YTD: 24.03%
• 6M: 31.91%
• 1Y: 53.08%
• 3Y*: 17.35%
• 5Y*: 19.25%
• 10Y*: 14.41%

IXC

• 1D: 1.18%
• 1M: 8.08%
• YTD: 34.70%
• 6M: 39.06%
• 1Y: 38.51%
• 3Y*: 17.03%
• 5Y*: 22.47%
• 10Y*: 11.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NANR vs. IXC - Expense Ratio Comparison

NANR has a 0.35% expense ratio, which is lower than IXC's 0.46% expense ratio.

IXC

iShares Global Energy ETF

NANR

SPDR S&P North American Natural Resources ETF

Return for Risk

NANR vs. IXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NANR

NANR Risk / Return Rank: 92
NANR Sharpe Ratio Rank: 93
NANR Sortino Ratio Rank: 92
NANR Omega Ratio Rank: 92
NANR Calmar Ratio Rank: 89
NANR Martin Ratio Rank: 94

IXC

IXC Risk / Return Rank: 75
IXC Sharpe Ratio Rank: 83
IXC Sortino Ratio Rank: 79
IXC Omega Ratio Rank: 80
IXC Calmar Ratio Rank: 71
IXC Martin Ratio Rank: 62

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. IXC - 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 Global Energy ETF (IXC). 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	IXC	Difference
Sharpe ratio Return per unit of total volatility	2.32	1.72	+0.60
Sortino ratio Return per unit of downside risk	2.84	2.16	+0.69
Omega ratio Gain probability vs. loss probability	1.43	1.32	+0.11
Calmar ratio Return relative to maximum drawdown	3.33	2.15	+1.18
Martin ratio Return relative to average drawdown	15.61	7.14	+8.47
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. IXC - Sharpe Ratio Comparison

The current NANR Sharpe Ratio is 2.32, which is higher than the IXC Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NANR and IXC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NANR	IXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	1.72	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.96	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.43	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.33	+0.31

Correlation

The correlation between NANR and IXC is 0.84, 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. IXC - Dividend Comparison

NANR's dividend yield for the trailing twelve months is around 1.43%, less than IXC's 2.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IXC iShares Global Energy ETF	2.73%	3.68%	4.56%	3.45%	4.76%	3.98%	4.86%	7.00%	3.51%	3.05%	2.86%	3.77%

Drawdowns

NANR vs. IXC - Drawdown Comparison

The maximum NANR drawdown since its inception was -49.15%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for NANR and IXC.

Drawdown Indicators

	NANR	IXC	Difference
Max Drawdown Largest peak-to-trough decline	-49.15%	-67.88%	+18.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	-12.69%	+1.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.42%	-24.93%	-1.49%
Max Drawdown (10Y) Largest decline over 10 years	-49.15%	-64.16%	+15.01%
Current Drawdown Current decline from peak	-2.38%	-3.06%	+0.68%
Average Drawdown Average peak-to-trough decline	-8.48%	-17.56%	+9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	5.42%	-1.97%

Volatility

NANR vs. IXC - Volatility Comparison

SPDR S&P North American Natural Resources ETF (NANR) and iShares Global Energy ETF (IXC) have volatilities of 5.38% and 5.46%, 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.

Volatility by Period

	NANR	IXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	5.46%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	15.56%	13.20%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	22.54%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.09%	23.49%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	26.79%	-3.05%