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NEP vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

NEP vs. SPY

Last updated May 18, 2025

Compare and contrast key facts about NextEra Energy Partners, LP (NEP) 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: NEP or SPY.

Correlation

The correlation between NEP and SPY is 0.33, 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

NEP vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NextEra Energy Partners, LP (NEP) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Returns By Period

NEP

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

1.69%

1M

12.88%

6M

2.09%

1Y

13.66%

5Y*

16.78%

10Y*

12.78%

*Annualized

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Risk-Adjusted Performance

NEP vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NEP
The Risk-Adjusted Performance Rank of NEP is 44
Overall Rank
The Sharpe Ratio Rank of NEP is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of NEP is 33
Sortino Ratio Rank
The Omega Ratio Rank of NEP is 44
Omega Ratio Rank
The Calmar Ratio Rank of NEP is 88
Calmar Ratio Rank
The Martin Ratio Rank of NEP is 11
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 7070
Overall Rank
The Sharpe Ratio Rank of SPY is 6666
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6868
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7272
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7272
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NEP vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for NextEra Energy Partners, LP (NEP) 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.

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Dividends

NEP vs. SPY - Dividend Comparison

NEP has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.

TTM20242023202220212020201920182017201620152014
NEP
NextEra Energy Partners, LP		17.29%20.20%11.10%4.27%3.08%3.37%3.74%3.98%3.46%5.08%3.03%0.56%
SPY
SPDR S&P 500 ETF		1.21%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

NEP vs. SPY - Drawdown Comparison

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Volatility

NEP vs. SPY - Volatility Comparison

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