NRP vs. ARLP
NRP (Natural Resource Partners L.P.) and ARLP (Alliance Resource Partners, L.P.) are both stocks. Both operate in the Thermal Coal industry within the Energy sector. Over the past 10 years, NRP returned 21.07%/yr vs 12.92%/yr for ARLP. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
NRP vs. ARLP - Performance Comparison
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Returns By Period
In the year-to-date period, NRP achieves a -6.31% return, which is significantly lower than ARLP's 18.03% return. Over the past 10 years, NRP has outperformed ARLP with an annualized return of 21.07%, while ARLP has yielded a comparatively lower 12.92% annualized return.
NRP
- 1D
- -1.64%
- 1M
- -2.68%
- 6M
- -14.57%
- YTD
- -6.31%
- 1Y
- -3.34%
- 3Y*
- 17.67%
- 5Y*
- 43.81%
- 10Y*
- 21.07%
- ALL TIME*
- 7.45%
ARLP
- 1D
- 0.66%
- 1M
- 9.70%
- 6M
- 11.05%
- YTD
- 18.03%
- 1Y
- 8.11%
- 3Y*
- 21.88%
- 5Y*
- 41.28%
- 10Y*
- 12.92%
- ALL TIME*
- 15.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.12M | $6.11M | $7.52M | |
| $4.46M | $4.18M | $5.40M |
NRP vs. ARLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRP Natural Resource Partners L.P. | -6.31% | -1.93% | 27.43% | 87.03% | 72.85% | 164.73% | -25.28% | -43.26% | 55.86% | -14.50% |
ARLP Alliance Resource Partners, L.P. | 18.03% | -2.45% | 39.91% | 18.83% | 73.34% | 195.75% | -56.80% | -28.90% | -1.90% | -4.04% |
Correlation
The correlation between NRP and ARLP is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2002 | 0.37 |
The correlation between NRP and ARLP shifts across timeframes, from 0.25 (10 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NRP:
$1.28B
ARLP:
$3.36B
NRP:
$10.72
ARLP:
$2.07
NRP:
9.00
ARLP:
12.60
NRP:
0.57
ARLP:
0.28
NRP:
4.65
ARLP:
1.54
NRP:
$184.53M
ARLP:
$2.17B
NRP:
$128.91M
ARLP:
$613.22M
NRP:
$140.60M
ARLP:
$650.79M
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Return for Risk
NRP vs. ARLP — Risk / Return Rank
NRP
ARLP
NRP vs. ARLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Resource Partners L.P. (NRP) and Alliance Resource Partners, L.P. (ARLP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NRP | ARLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.48 | -0.63 |
| Martin ratioReturn relative to average drawdown | -0.35 | 0.94 | -1.29 |
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Drawdowns
NRP vs. ARLP - Drawdown Comparison
The maximum NRP drawdown since its inception was -97.11%, which is greater than ARLP's maximum drawdown of -90.52%. Use the drawdown chart below to compare losses from any high point for NRP and ARLP.
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Drawdown Indicators
| NRP | ARLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.11% | -90.52% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.90% | -16.92% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -20.83% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -29.13% | +3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -78.75% | -85.26% | +6.51% |
Current DrawdownCurrent decline from peak | -22.54% | -7.73% | -14.81% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -24.26% | -19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 8.62% | +0.95% |
Volatility
NRP vs. ARLP - Volatility Comparison
The current volatility for Natural Resource Partners L.P. (NRP) is 4.29%, while Alliance Resource Partners, L.P. (ARLP) has a volatility of 5.29%. This indicates that NRP experiences smaller price fluctuations and is considered to be less risky than ARLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRP | ARLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.29% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 16.80% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 23.03% | -3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.43% | 32.68% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.05% | 49.66% | -9.61% |
Dividends
NRP vs. ARLP - Dividend Comparison
NRP's dividend yield for the trailing twelve months is around 3.23%, less than ARLP's 9.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARLP Alliance Resource Partners, L.P. | 9.19% | 11.19% | 10.65% | 13.22% | 7.38% | 3.16% | 8.93% | 19.82% | 11.94% | 9.54% | 8.85% | 19.74% |
NRP Natural Resource Partners L.P. | 3.23% | 4.03% | 4.90% | 5.87% | 4.97% | 5.39% | 9.82% | 13.18% | 4.71% | 6.92% | 5.57% | 45.28% |
Financials
NRP vs. ARLP - Financials Comparison
This section allows you to compare key financial metrics between Natural Resource Partners L.P. and Alliance Resource Partners, L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NRP vs. ARLP - Profitability Comparison
NRP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Natural Resource Partners L.P. reported a gross profit of 0.00 and revenue of 39.35M. Therefore, the gross margin over that period was 0.0%.
ARLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported a gross profit of 202.70M and revenue of 551.56M. Therefore, the gross margin over that period was 36.8%.
NRP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Natural Resource Partners L.P. reported an operating income of 20.59M and revenue of 39.35M, resulting in an operating margin of 52.3%.
ARLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported an operating income of 95.59M and revenue of 551.56M, resulting in an operating margin of 17.3%.
NRP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Natural Resource Partners L.P. reported a net income of 392.00K and revenue of 39.35M, resulting in a net margin of 1.0%.
ARLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Alliance Resource Partners, L.P. reported a net income of 79.56M and revenue of 551.56M, resulting in a net margin of 14.4%.
Frequently Asked Questions
NRP and ARLP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARLP has higher volatility (5.29%) compared to NRP (4.29%). In terms of maximum drawdown, NRP dropped -97.11% vs ARLP's -90.52%.
ARLP currently has the higher Sharpe Ratio (0.35 vs -0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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