FMTL vs. TURF

Last updated Jun 6, 2026

FMTL (First Trust Indxx Critical Metals ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Commodity Producers Equities funds. A 0.72 correlation means they provide meaningful diversification when combined. FMTL charges 0.65%/yr vs 0.44%/yr for TURF.

Performance

FMTL vs. TURF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Critical Metals ETF (FMTL) and T. Rowe Price Natural Resources ETF (TURF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTL achieves a 19.55% return, which is significantly higher than TURF's 14.05% return.

FMTL

• 1D: -7.48%
• 1M: -6.16%
• YTD: 19.55%
• 6M: 28.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TURF

• 1D: -4.31%
• 1M: -5.48%
• YTD: 14.05%
• 6M: 16.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMTL vs. TURF - Yearly Performance Comparison

	2026 (YTD)	2025
FMTL First Trust Indxx Critical Metals ETF	19.55%	21.20%
TURF T. Rowe Price Natural Resources ETF	14.05%	8.84%

Correlation

The correlation between FMTL and TURF is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.72

Return for Risk

FMTL vs. TURF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) and T. Rowe Price Natural Resources ETF (TURF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FMTL	TURF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	2.02	+0.23

Drawdowns

FMTL vs. TURF - Drawdown Comparison

The maximum FMTL drawdown since its inception was -22.44%, which is greater than TURF's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for FMTL and TURF.

Drawdown Indicators

	FMTL	TURF	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-7.03%	-15.41%
Current Drawdown Current decline from peak	-10.37%	-7.03%	-3.34%
Average Drawdown Average peak-to-trough decline	-5.09%	-1.55%	-3.54%

Volatility

Volatility by Period

	FMTL	TURF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.29%	17.05%	+23.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	17.05%	+23.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	17.05%	+23.24%

FMTL vs. TURF - Expense Ratio Comparison

FMTL has a 0.65% expense ratio, which is higher than TURF's 0.44% expense ratio.

Dividends

FMTL vs. TURF - Dividend Comparison

FMTL's dividend yield for the trailing twelve months is around 0.05%, less than TURF's 1.31% yield.

Position	TTM	2025
FMTL First Trust Indxx Critical Metals ETF	0.05%	0.06%
TURF T. Rowe Price Natural Resources ETF	1.31%	1.49%

Frequently Asked Questions

Can I hold both FMTL and TURF in my portfolio?

FMTL and TURF have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FMTL or TURF?

On fees, TURF is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMTL or TURF?

TURF is cheaper with a 0.44% expense ratio, compared with 0.65% for FMTL.

Which ETF pays a higher dividend yield, FMTL or TURF?

TURF has the higher dividend yield at 1.31%, compared with 0.05% for FMTL.

What is the main difference between FMTL and TURF?

They also come from different issuers: First Trust and T. Rowe Price. Their fees differ too: 0.65% for FMTL and 0.44% for TURF.