NRP vs. VOO
NRP (Natural Resource Partners L.P.) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, NRP returned 21.07%/yr vs 15.17%/yr for VOO. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
NRP vs. VOO - 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 VOO's 11.72% return. Over the past 10 years, NRP has outperformed VOO with an annualized return of 21.07%, while VOO has yielded a comparatively lower 15.17% 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%
VOO
- 1D
- 1.42%
- 1M
- 1.69%
- 6M
- 9.53%
- YTD
- 11.72%
- 1Y
- 23.30%
- 3Y*
- 20.85%
- 5Y*
- 13.12%
- 10Y*
- 15.17%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.46M | $4.18M | $5.40M | |
| $3.97B | $3.80B | $5.49B |
NRP vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 11.72% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between NRP and VOO is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.22 |
The correlation between NRP and VOO shifts across timeframes, from -0.01 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NRP vs. VOO — Risk / Return Rank
NRP
VOO
NRP vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Resource Partners L.P. (NRP) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 2.63 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.35 | 11.23 | -11.58 |
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Drawdowns
NRP vs. VOO - Drawdown Comparison
The maximum NRP drawdown since its inception was -97.11%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NRP and VOO.
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Drawdown Indicators
| NRP | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.11% | -33.99% | -63.12% |
Max Drawdown (1Y)Largest decline over 1 year | -22.90% | -8.90% | -14.00% |
Max Drawdown (3Y)Largest decline over 3 years | -22.90% | -18.69% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -24.52% | -0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -78.75% | -33.99% | -44.76% |
Current DrawdownCurrent decline from peak | -22.54% | 0.00% | -22.54% |
Average DrawdownAverage peak-to-trough decline | -43.37% | -3.67% | -39.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 2.08% | +7.49% |
Volatility
NRP vs. VOO - Volatility Comparison
Natural Resource Partners L.P. (NRP) has a higher volatility of 4.29% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that NRP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRP | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 3.81% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 10.18% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 12.80% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.43% | 16.95% | +17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.05% | 18.02% | +22.03% |
Dividends
NRP vs. VOO - Dividend Comparison
NRP's dividend yield for the trailing twelve months is around 3.23%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
NRP and VOO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRP has higher volatility (4.29%) compared to VOO (3.81%). In terms of maximum drawdown, NRP dropped -97.11% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.83 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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