NRP vs. SPY
Compare and contrast key facts about Natural Resource Partners L.P. (NRP) 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
NRP vs. SPY - Performance Comparison
Loading graphics...
NRP vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRP Natural Resource Partners L.P. | 16.71% | -1.93% | 27.43% | 87.03% | 72.85% | 164.73% | -25.28% | -43.26% | 55.86% | -14.50% |
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, NRP achieves a 16.71% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, NRP has outperformed SPY with an annualized return of 41.08%, while SPY has yielded a comparatively lower 13.98% annualized return.
NRP
- 1D
- -1.26%
- 1M
- 0.06%
- YTD
- 16.71%
- 6M
- 16.89%
- 1Y
- 19.96%
- 3Y*
- 38.95%
- 5Y*
- 59.52%
- 10Y*
- 41.08%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NRP vs. SPY — Risk / Return Rank
NRP
SPY
NRP vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Resource Partners L.P. (NRP) 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.
| NRP | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.93 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.45 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.53 | -0.26 |
Martin ratioReturn relative to average drawdown | 3.77 | 7.30 | -3.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NRP | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.93 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.70 | 0.69 | +1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.78 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.56 | -0.37 |
Correlation
The correlation between NRP and SPY is 0.27, 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
NRP vs. SPY - Dividend Comparison
NRP's dividend yield for the trailing twelve months is around 2.58%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRP Natural Resource Partners L.P. | 2.58% | 4.03% | 4.90% | 5.87% | 4.97% | 5.39% | 9.82% | 13.18% | 4.71% | 6.92% | 5.57% | 45.28% |
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
NRP vs. SPY - Drawdown Comparison
The maximum NRP drawdown since its inception was -97.11%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NRP and SPY.
Loading graphics...
Drawdown Indicators
| NRP | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.11% | -55.19% | -41.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -12.05% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -24.50% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -78.75% | -33.72% | -45.03% |
Current DrawdownCurrent decline from peak | -3.51% | -6.24% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -43.78% | -9.09% | -34.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 2.52% | +2.44% |
Volatility
NRP vs. SPY - Volatility Comparison
Natural Resource Partners L.P. (NRP) has a higher volatility of 7.53% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that NRP'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.
Loading graphics...
Volatility by Period
| NRP | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 5.31% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 9.47% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.30% | 19.05% | +7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.32% | 17.06% | +18.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.96% | 17.92% | +26.04% |