NAT vs. SPY
Compare and contrast key facts about Nordic American Tankers Limited (NAT) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAT or SPY.
Correlation
The correlation between NAT and SPY is 0.29, 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.
Performance
NAT vs. SPY - Performance Comparison
Key characteristics
NAT:
-1.22
SPY:
2.17
NAT:
-1.82
SPY:
2.88
NAT:
0.80
SPY:
1.41
NAT:
-0.46
SPY:
3.19
NAT:
-2.28
SPY:
14.10
NAT:
15.77%
SPY:
1.90%
NAT:
29.53%
SPY:
12.39%
NAT:
-90.75%
SPY:
-55.19%
NAT:
-78.71%
SPY:
-3.19%
Returns By Period
In the year-to-date period, NAT achieves a -34.43% return, which is significantly lower than SPY's 24.97% return. Over the past 10 years, NAT has underperformed SPY with an annualized return of -6.11%, while SPY has yielded a comparatively higher 12.92% annualized return.
NAT
-34.43%
-17.73%
-33.03%
-36.10%
-5.29%
-6.11%
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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Risk-Adjusted Performance
NAT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and 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.
Dividends
NAT vs. SPY - Dividend Comparison
NAT's dividend yield for the trailing twelve months is around 16.19%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAT Nordic American Tankers Limited | 16.19% | 11.67% | 3.59% | 3.55% | 15.25% | 1.42% | 3.50% | 21.42% | 16.32% | 8.89% | 6.01% | 6.51% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NAT vs. SPY - Drawdown Comparison
The maximum NAT drawdown since its inception was -90.75%, 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. For additional features, visit the drawdowns tool.
Volatility
NAT vs. SPY - Volatility Comparison
Nordic American Tankers Limited (NAT) has a higher volatility of 10.01% compared to SPDR S&P 500 ETF (SPY) at 3.64%. 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.