METL vs. TURF

Last updated Jun 4, 2026

METL (Sprott Active Metals & Miners ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Commodity Producers Equities funds. A 0.74 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 18.34% return, which is significantly lower than TURF's 20.54% return.

METL

• 1D: -3.81%
• 1M: 5.71%
• YTD: 18.34%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TURF

• 1D: 1.60%
• 1M: 0.70%
• YTD: 20.54%
• 6M: 25.36%
• 1Y: —
• 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	18.34%	27.04%
TURF T. Rowe Price Natural Resources ETF	20.54%	9.21%

Correlation

The correlation between METL and TURF is 0.74, 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 11, 2025	0.74

Return for Risk

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.

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

Sharpe Ratios by Period

	METL	TURF	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	2.60	-0.89

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 -6.84%. 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%	-6.84%	-20.55%
Current Drawdown Current decline from peak	-10.27%	-1.73%	-8.54%
Average Drawdown Average peak-to-trough decline	-8.11%	-1.52%	-6.59%

Volatility

Volatility by Period

	METL	TURF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	43.94%	16.51%	+27.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.94%	16.51%	+27.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.94%	16.51%	+27.43%

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 0.84%, less than TURF's 1.24% yield.

Position	TTM	2025
METL Sprott Active Metals & Miners ETF	0.84%	0.99%
TURF T. Rowe Price Natural Resources ETF	1.24%	1.49%

Frequently Asked Questions

Can I hold both METL and TURF in my portfolio?

METL and TURF have a correlation of 0.74, 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 1.24%, compared with 0.84% 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.