NANR vs. PPI
Compare and contrast key facts about SPDR S&P North American Natural Resources ETF (NANR) and AXS Astoria Inflation Sensitive ETF (PPI).
NANR and PPI 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. PPI is an actively managed fund by AXS. It was launched on Dec 30, 2021.
Performance
NANR vs. PPI - Performance Comparison
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NANR vs. PPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NANR SPDR S&P North American Natural Resources ETF | 23.68% | 35.35% | -9.55% |
PPI AXS Astoria Inflation Sensitive ETF | 13.29% | 30.06% | -6.85% |
Returns By Period
In the year-to-date period, NANR achieves a 23.68% return, which is significantly higher than PPI's 13.29% 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%
PPI
- 1D
- 1.16%
- 1M
- -3.97%
- YTD
- 13.29%
- 6M
- 14.21%
- 1Y
- 46.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NANR vs. PPI - Expense Ratio Comparison
NANR has a 0.35% expense ratio, which is lower than PPI's 0.76% expense ratio.
Return for Risk
NANR vs. PPI — Risk / Return Rank
NANR
PPI
NANR vs. PPI - 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 AXS Astoria Inflation Sensitive ETF (PPI). 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 | PPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 2.30 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.85 | 2.91 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 3.35 | 3.52 | -0.18 |
Martin ratioReturn relative to average drawdown | 15.72 | 15.72 | 0.00 |
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 | PPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.30 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.26 | -0.63 |
Correlation
The correlation between NANR and PPI is 0.72, 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. PPI - Dividend Comparison
NANR's dividend yield for the trailing twelve months is around 1.43%, more than PPI's 1.04% 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% |
PPI AXS Astoria Inflation Sensitive ETF | 1.04% | 1.06% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NANR vs. PPI - Drawdown Comparison
The maximum NANR drawdown since its inception was -49.15%, which is greater than PPI's maximum drawdown of -18.89%. Use the drawdown chart below to compare losses from any high point for NANR and PPI.
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Drawdown Indicators
| NANR | PPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.15% | -18.89% | -30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.17% | -13.32% | -2.85% |
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 | -2.66% | -3.97% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -2.98% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.99% | +0.45% |
Volatility
NANR vs. PPI - Volatility Comparison
SPDR S&P North American Natural Resources ETF (NANR) and AXS Astoria Inflation Sensitive ETF (PPI) have volatilities of 5.37% and 5.57%, 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.
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Volatility by Period
| NANR | PPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 5.57% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.56% | 13.63% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 20.25% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.10% | 19.40% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.74% | 19.40% | +4.34% |