NANR vs. TURF

Last updated Jun 26, 2026

NANR (SPDR S&P North American Natural Resources ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Natural Resources funds. Over the past year, NANR returned 38.00% vs 27.23% for TURF. Their correlation of 0.93 suggests significant overlap in exposure. NANR charges 0.35%/yr vs 0.44%/yr for TURF.

Performance

NANR vs. TURF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P North American Natural Resources ETF (NANR) 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, NANR achieves a 13.32% return, which is significantly higher than TURF's 7.14% return.

NANR

• 1D: 1.45%
• 1M: -7.14%
• YTD: 13.32%
• 6M: 11.98%
• 1Y: 38.00%
• 3Y*: 17.03%
• 5Y*: 15.27%
• 10Y*: 11.78%

TURF

• 1D: 0.44%
• 1M: -9.59%
• YTD: 7.14%
• 6M: 6.81%
• 1Y: 27.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NANR vs. TURF - Yearly Performance Comparison

	2026 (YTD)	2025
NANR SPDR S&P North American Natural Resources ETF	13.32%	21.89%
TURF T. Rowe Price Natural Resources ETF	7.14%	17.82%

Correlation

The correlation between NANR and TURF is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.93

The correlation between NANR and TURF has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

NANR vs. TURF - Sectors Allocation Comparison

Sectors	NANR	TURF
Basic Materials	47.4%	49.6%
Energy	40.3%	33.9%
Consumer Cyclical	5.8%	1.1%
Consumer Defensive	4.3%	15.0%
Real Estate	1.4%	-
Industrials	0.7%	0.2%
Technology	0.1%	0.4%
Utilities	0.0%	0.3%
Communication Services	-	3.8%
Financial Services	-	2.4%
Healthcare	-	-

Return for Risk

NANR vs. TURF — Risk / Return Rank

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

NANR

NANR Risk / Return Rank: 69
NANR Sharpe Ratio Rank: 71
NANR Sortino Ratio Rank: 63
NANR Omega Ratio Rank: 64
NANR Calmar Ratio Rank: 72
NANR Martin Ratio Rank: 74

TURF

TURF Risk / Return Rank: 50
TURF Sharpe Ratio Rank: 51
TURF Sortino Ratio Rank: 46
TURF Omega Ratio Rank: 49
TURF Calmar Ratio Rank: 46
TURF Martin Ratio Rank: 59

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.

NANR vs. TURF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P North American Natural Resources ETF (NANR) 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.

	NANR	TURF	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.58	+0.40
Sortino ratio: Return per unit of downside risk	2.54	2.11	+0.43
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	3.16	2.10	+1.06
Martin ratio: Return relative to average drawdown	12.08	9.26	+2.82

NANR vs. TURF - Sharpe Ratio Comparison

The current NANR Sharpe Ratio is 1.98, which is comparable to the TURF Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of NANR and TURF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NANR vs. TURF - Drawdown Comparison

The maximum NANR drawdown since its inception was -49.15%, which is greater than TURF's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for NANR and TURF.

Drawdown Indicators

	NANR	TURF	Difference
Max Drawdown Largest peak-to-trough decline	-49.15%	-13.04%	-36.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-13.04%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.15%	—	—
Current Drawdown Current decline from peak	-10.81%	-12.66%	+1.85%
Average Drawdown Average peak-to-trough decline	-8.39%	-1.92%	-6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.95%	+0.20%

Volatility

NANR vs. TURF - Volatility Comparison

SPDR S&P North American Natural Resources ETF (NANR) has a higher volatility of 7.27% compared to T. Rowe Price Natural Resources ETF (TURF) at 6.35%. This indicates that NANR's price experiences larger fluctuations and is considered to be riskier than TURF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NANR	TURF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	6.35%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	15.42%	14.16%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	17.33%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.95%	17.17%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.60%	17.17%	+6.43%

NANR vs. TURF - Expense Ratio Comparison

NANR has a 0.35% expense ratio, which is lower than TURF's 0.44% expense ratio.

Dividends

NANR vs. TURF - Dividend Comparison

NANR's dividend yield for the trailing twelve months is around 1.85%, more than TURF's 1.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NANR SPDR S&P North American Natural Resources ETF	1.85%	1.77%	2.20%	2.78%	2.70%	2.61%	2.73%	2.02%	1.95%	1.83%	5.01%	0.01%
TURF T. Rowe Price Natural Resources ETF	1.39%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NANR and TURF in my portfolio?

With a correlation of 0.92, NANR and TURF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NANR or TURF?

NANR has higher volatility (7.27%) compared to TURF (6.35%). In terms of maximum drawdown, NANR dropped -49.15% vs TURF's -13.04%.

Which ETF is better, NANR or TURF?

On 1-year performance, NANR leads with 38.00% vs 27.23% for TURF. On fees, NANR is cheaper at 0.35% per year. On volatility, TURF has been the lower-risk option at 6.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NANR or TURF?

Over the 1-year period, NANR has performed better with a 38.00% return vs 27.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NANR or TURF?

NANR is cheaper with a 0.35% expense ratio, compared with 0.44% for TURF.

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

NANR has the higher dividend yield at 1.85%, compared with 1.39% for TURF.

What is the main difference between NANR and TURF?

They also come from different issuers: State Street and T. Rowe Price. Their fees differ too: 0.35% for NANR and 0.44% for TURF.

Which has better risk-adjusted returns?

NANR currently has the higher Sharpe Ratio (1.98 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.