NANR vs SPY
State Street SPDR S&P North American Natural Resources ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NANR or SPY?
Each has led over a different period.
SPY has a lower expense ratio. NANR led over 1Y, 5Y and the full window, SPY over 3Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NANR | SPY |
|---|---|---|
| Expense Ratio | 0.35% | 0.09%Best |
| AUM | $846M | $804.7B |
| Dividend Yield | 1.58% | 0.98% |
| Holdings | 214 | 505 |
| YTD Return | +31.20%Best | +11.45% |
| 1Y Return | +44.72%Best | +15.87% |
| 3Y Return (annualized) | +20.33% | +20.93%Best |
| 5Y Return (annualized) | +20.24%Best | +12.59% |
| Volatility (annualized) | 23.6% | 15.1%Best |
| Max Drawdown | -51.1% | -34.1%Best |
| $10,000 over 5 years | $25,133Best | $18,093 |
| Top 10 Weight | 39.5% | 37.8%Best |
| Fund Family | SPDR State Street Global Advisors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 15, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Dec 16, 2015 to Sep 15, 2026 (10.7 years).
NANR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.7 years both funds cover.
NANR vs SPY Performance
State Street SPDR S&P North American Natural Resources ETF (NANR) is an ETF from SPDR State Street Global Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NANR returned +44.72% while SPY returned +15.87%. Year to date, NANR is up 31.20% versus a gain of 11.45% for SPY.
Over three years, NANR compounded at +20.33% per year against +20.93% for SPY; over five years the annualized figures are +20.24% and +12.59% respectively. Across the full 11-year window we track, NANR has the edge at +13.91% annualized vs +13.55%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NANR has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 15.1% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.1% for NANR and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NANR charges 0.35% per year while SPY charges 0.09%. On a $10,000 position that is $35 vs $9 annually, a gap of $26 per year that compounds over a long holding period. On income, NANR currently yields 1.58% against 0.98% for SPY.
Holdings Overlap
58.0% of NANR's money is in holdings SPY also owns. 4.0% of SPY's money is in holdings NANR also owns.
The two portfolios partly overlap.
32 positions in common, counted across the 213 positions we hold weights for in NANR and 504 in SPY, against full books of 214 and 505.
What only one of them owns
Our book lists 466 positions for SPY that do not appear in our book for NANR (95.5% of the fund), and 87 for NANR that do not appear in SPY (12.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in NANR | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 10.08% | 1.04% | 9.04% |
| CVXChevron Corp | 6.81% | 0.60% | 6.21% |
| NEMNewmont Corp Common | 3.97% | 0.20% | 3.77% |
| FCX:ARFreeport-mcmoran Inc. (class B) | 3.21% | 0.16% | 3.05% |
| CTVACorteva Inc Ctva | 3.13% | 0.09% | 3.04% |
| COPConocophillips Common Stock USD 0.01 | 2.85% | 0.25% | 2.60% |
| ADMArcher-Daniels-Midland Co. | 2.17% | 0.06% | 2.11% |
| MPCMarathon Petroleum Corp | 1.92% | 0.17% | 1.75% |
| VLOValero Energy | 1.88% | 0.16% | 1.72% |
| PSXPhillips 66 | 1.74% | 0.15% | 1.59% |
58.0% of NANR is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NANR or SPY?
NANR has an expense ratio of 0.35% while SPY charges 0.09%. SPY is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, NANR or SPY?
Over the past year NANR returned +44.72% vs +15.87% for SPY, so NANR leads on 1-year performance. Over the longest common window we track (11 years), NANR annualized +13.91% vs +13.55% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NANR or SPY?
NANR has been the more volatile fund at 23.6% annualized versus 15.1% for SPY. Worst drawdown: NANR -51.1% vs SPY -34.1%.
Should I hold both NANR and SPY?
NANR and SPY have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between NANR and SPY?
58.0% of NANR's money is in holdings SPY also owns. 4.0% of SPY's is in holdings NANR also owns. They hold 32 positions in common, counted across the 213 positions we hold weights for in NANR and 504 in SPY.
Which pays a higher dividend, NANR or SPY?
NANR yields 1.58% while SPY yields 0.98%, so NANR currently pays the higher dividend yield.
Is SPY better than NANR?
SPY has a lower expense ratio. NANR led over 1Y, 5Y and the full window, SPY over 3Y. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 39.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.