SPDR S&P North American Natural Resources ETF (NANR) Performance
NANR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +29.8% since Dec 31, 2025
- 1 year
- +38.0% total return
- 5 years
- +17.3% a year
- 10 years
- +13.0% a year
- Since first price
- +14.9% a year since 2015
NANR trailing returns vs SPY, QQQ, AGG
| Period | NANR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +8.5% | +8.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.3% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +29.8% | +28.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +38.0% | +35.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +78.3%+21.3%/yr | +67.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +122.5%+17.3%/yr | +97.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +239.2%+13.0%/yr | +161.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 16, 2015 | +352.7%+14.9%/yr | +246.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: NANR vs SPY
From Dec 16, 2015: NANR grew to $45,268, SPY to $43,699.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
NANR returns by calendar year
8 of 10 full years positive. Best 2016 (+40.0%), worst 2018 (−16.8%). 2026 is year to date.
NANR annual returns table
| Year | NANR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +29.8% | −12.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.4% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.3% | −13.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −3.2% | −16.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +26.5% | −26.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +36.4% | −17.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +1.0% | −45.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +19.0% | −12.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −16.8% | −24.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +8.0% | −13.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +40.0% | −14.6% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
NANR largest drawdowns
Now 4.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 24, 2018 | −49.1% | Mar 18, 2020 | Jan 6, 2021 | 2.1 years | 3.0 years |
| Apr 18, 2022 | −26.4% | Jul 14, 2022 | May 17, 2024 | 3 months | 2.1 years |
| Nov 22, 2024 | −18.4% | Apr 8, 2025 | Jun 13, 2025 | 5 months | 7 months |
| Dec 24, 2015 | −17.7% | Jan 20, 2016 | Feb 17, 2016 | 27 days | 55 days |
| Jun 4, 2021 | −17.0% | Aug 19, 2021 | Oct 20, 2021 | 2 months | 5 months |
| Jan 24, 2017 | −13.5% | Jul 7, 2017 | Dec 21, 2017 | 5 months | 11 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
NANR risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +19.0% | +18.9% | +12.3% | +14.7% |
| Volatility (annualized) | 19.6% | 22.4% | 23.4% | 23.8% |
| Sharpe ratio | 0.76 | 0.72 | 0.51 | 0.60 |
| Sortino ratio | 1.33 | 1.17 | 0.83 | 1.01 |
| Best month | +12.6% | +14.5% | +29.7% | +29.7% |
| Worst month | −10.3% | −16.2% | −22.1% | −22.1% |
| Best 12 months | +61.7% | +61.7% | +81.2% | +81.2% |
| Worst 12 months | −3.8% | −14.9% | −31.4% | −31.4% |
| Positive months | 67% | 65% | 61% | 61% |
| Beta vs S&P 500 | 0.31 | 0.63 | 0.94 | — |
| Correlation with S&P 500 | 0.20 | 0.44 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
NANR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 119 | −31.4% | +8.1% | +81.2% | 73% |
| 3-year (a year) | 95 | −11.4% | +12.3% | +38.6% | 87% |
| 5-year (a year) | 71 | +5.8% | +13.8% | +23.7% | 100% |
| 10-year (a year) | 11 | +11.1% | +13.0% | +15.3% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
NANR performance overview
SPDR S&P North American Natural Resources ETF (NANR) returned +38.0% over the past year and +13.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +14.9% a year, turning $10,000 into about $45,268. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −49.1%, from Jan 24, 2018 to Mar 18, 2020, and it took 10 months to get back to the old high. NANR finished 8 of its 10 full calendar years with a gain; the best year was 2016 (+40.0%) and the worst 2018 (−16.8%). Volatility has been 23.8% a year.
Related: NANR chart, NANR holdings, NANR dividends, NANR valuation. See the NANR overview for the latest quote and fund facts.
NANR performance FAQ
What is the NANR return over the past year?
NANR returned +38.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 35.4%.
What is the average annual return of NANR?
NANR has returned +17.3% a year over 5 years, +13.0% a year over 10 years, +14.9% a year since December 16, 2015 (total return, distributions reinvested).
How much would $10,000 invested in NANR be worth?
$10,000 invested in NANR at its first recorded close on December 16, 2015 would be worth about $45,268 on October 23, 2026 with distributions reinvested.
What was the worst year for NANR?
The worst calendar year was 2018, with a total return of −16.8%. The best was 2016 at +40.0%.
What is the biggest drawdown of NANR?
The largest peak-to-trough decline was −49.1% between January 24, 2018 and March 18, 2020. It recovered to the old high on January 6, 2021, 10 months after the bottom.
How volatile is NANR?
Over the past 3 years NANR had an annualized volatility of 19.6% and a Sharpe ratio of 0.76 (excess return over 1–3 month T-bills per unit of risk).