NAT vs. SPY
Compare and contrast key facts about Nordic American Tankers Limited (NAT) and State Street 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.
Performance
NAT vs. SPY - Performance Comparison
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NAT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAT Nordic American Tankers Limited | 75.65% | 54.57% | -33.63% | 55.83% | 87.90% | -41.48% | -32.82% | 156.48% | -13.56% | -68.39% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, NAT achieves a 75.65% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, NAT has underperformed SPY with an annualized return of -0.62%, while SPY has yielded a comparatively higher 13.98% annualized return.
NAT
- 1D
- 2.63%
- 1M
- 5.45%
- YTD
- 75.65%
- 6M
- 99.36%
- 1Y
- 169.36%
- 3Y*
- 27.91%
- 5Y*
- 21.50%
- 10Y*
- -0.62%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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Return for Risk
NAT vs. SPY — Risk / Return Rank
NAT
SPY
NAT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and State Street 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.
| NAT | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.69 | 0.93 | +3.77 |
Sortino ratioReturn per unit of downside risk | 5.12 | 1.45 | +3.66 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.22 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 11.63 | 1.53 | +10.10 |
Martin ratioReturn relative to average drawdown | 38.34 | 7.30 | +31.04 |
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
| NAT | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.69 | 0.93 | +3.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.78 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.56 | -0.42 |
Correlation
The correlation between NAT 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.
Dividends
NAT vs. SPY - Dividend Comparison
NAT's dividend yield for the trailing twelve months is around 8.02%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAT Nordic American Tankers Limited | 8.02% | 10.47% | 16.00% | 11.67% | 3.59% | 3.55% | 15.25% | 2.03% | 8.00% | 21.54% | 16.31% | 8.88% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
NAT vs. SPY - Drawdown Comparison
The maximum NAT drawdown since its inception was -90.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NAT and SPY.
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Drawdown Indicators
| NAT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -55.19% | -35.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -12.05% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -61.91% | -24.50% | -37.41% |
Max Drawdown (10Y)Largest decline over 10 years | -87.33% | -33.72% | -53.61% |
Current DrawdownCurrent decline from peak | -38.02% | -6.24% | -31.78% |
Average DrawdownAverage peak-to-trough decline | -44.02% | -9.09% | -34.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 2.52% | +1.73% |
Volatility
NAT vs. SPY - Volatility Comparison
Nordic American Tankers Limited (NAT) has a higher volatility of 14.52% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that NAT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.52% | 5.31% | +9.21% |
Volatility (6M)Calculated over the trailing 6-month period | 25.51% | 9.47% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.42% | 19.05% | +17.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.21% | 17.06% | +34.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.92% | 17.92% | +40.00% |