METL vs. TURF

Last updated Jun 24, 2026

METL (Sprott Active Metals & Miners ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Natural Resources funds. A 0.76 correlation means they provide meaningful diversification when combined. METL charges 0.89%/yr vs 0.44%/yr for TURF.

Performance

METL vs. TURF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) 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, METL achieves a 5.42% return, which is significantly lower than TURF's 8.99% return.

METL

• 1D: -4.31%
• 1M: -5.33%
• YTD: 5.42%
• 6M: 3.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TURF

• 1D: -1.71%
• 1M: -7.65%
• YTD: 8.99%
• 6M: 8.37%
• 1Y: 27.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

METL vs. TURF - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	5.42%	28.19%
TURF T. Rowe Price Natural Resources ETF	8.99%	10.42%

Correlation

The correlation between METL and TURF is 0.76, 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 Sep 10, 2025	0.76

Return for Risk

METL vs. TURF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

METL

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

TURF

TURF Risk / Return Rank: 52
TURF Sharpe Ratio Rank: 51
TURF Sortino Ratio Rank: 46
TURF Omega Ratio Rank: 48
TURF Calmar Ratio Rank: 54
TURF Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

METL vs. TURF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.

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.

	METL	TURF	Difference
Sharpe ratio: Return per unit of total volatility	—	1.59	—
Sortino ratio: Return per unit of downside risk	—	2.12	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	10.03	—

Drawdowns

METL vs. TURF - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, which is greater than TURF's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for METL and TURF.

Drawdown Indicators

	METL	TURF	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-11.15%	-16.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.15%	—
Current Drawdown Current decline from peak	-20.07%	-11.15%	-8.92%
Average Drawdown Average peak-to-trough decline	-8.64%	-1.84%	-6.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.72%	—

Volatility

Volatility by Period

	METL	TURF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.01%	17.22%	+27.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.01%	17.09%	+27.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.01%	17.09%	+27.92%

METL vs. TURF - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than TURF's 0.44% expense ratio.

Dividends

METL vs. TURF - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.94%, less than TURF's 1.37% yield.

Position	TTM	2025
METL Sprott Active Metals & Miners ETF	0.94%	0.99%
TURF T. Rowe Price Natural Resources ETF	1.37%	1.49%

Frequently Asked Questions

Can I hold both METL and TURF in my portfolio?

METL and TURF have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, METL 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, METL or TURF?

TURF is cheaper with a 0.44% expense ratio, compared with 0.89% for METL.

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

TURF has the higher dividend yield at 1.37%, compared with 0.94% for METL.

What is the main difference between METL and TURF?

They also come from different issuers: Sprott and T. Rowe Price. Their fees differ too: 0.89% for METL and 0.44% for TURF.