Correlation
The correlation between NRP 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.
NRP vs. SPY
Compare and contrast key facts about Natural Resource Partners L.P. (NRP) 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: NRP or SPY.
Performance
NRP vs. SPY - Performance Comparison
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Key characteristics
NRP:
0.40
SPY:
0.70
NRP:
0.84
SPY:
1.02
NRP:
1.11
SPY:
1.15
NRP:
0.41
SPY:
0.68
NRP:
1.93
SPY:
2.57
NRP:
7.00%
SPY:
4.93%
NRP:
35.66%
SPY:
20.42%
NRP:
-97.12%
SPY:
-55.19%
NRP:
-17.77%
SPY:
-3.55%
Returns By Period
In the year-to-date period, NRP achieves a -9.27% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, NRP has outperformed SPY with an annualized return of 17.53%, while SPY has yielded a comparatively lower 12.73% annualized return.
NRP
-9.27%
-3.58%
-8.02%
13.23%
36.57%
58.57%
17.53%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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Risk-Adjusted Performance
NRP vs. SPY — Risk-Adjusted Performance Rank
NRP
SPY
NRP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Resource Partners L.P. (NRP) 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
NRP vs. SPY - Dividend Comparison
NRP's dividend yield for the trailing twelve months is around 4.30%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRP Natural Resource Partners L.P. | 4.30% | 4.90% | 5.87% | 4.97% | 5.39% | 9.82% | 8.95% | 4.71% | 6.92% | 5.57% | 45.28% | 15.14% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NRP vs. SPY - Drawdown Comparison
The maximum NRP drawdown since its inception was -97.12%, 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.
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Volatility
NRP vs. SPY - Volatility Comparison
Natural Resource Partners L.P. (NRP) has a higher volatility of 7.05% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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