State Street SPDR S&P North American Natural Resources ETF (NANR) is a ETF from SPDR State Street Global Advisors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NANR returned +42.04% while SPY returned +21.37%. Year to date, NANR is up 16.94% versus a gain of 11.49% for SPY.

Over three years, NANR compounded at +16.44% per year against +20.76% for SPY; over five years the annualized figures are +17.43% and +12.94% respectively. Across the full 11-year window we track, NANR has the edge at +12.85% annualized vs +8.78%. Past performance does not guarantee future results.

NANR has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.59. They move independently enough that combining them can meaningfully diversify a portfolio.

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 1.87% against 1.01% for SPY.