TURF vs. COPA
TURF (T. Rowe Price Natural Resources ETF) and COPA (Themes Copper Miners ETF) are both Commodity Producers Equities funds. A 0.67 correlation means they provide meaningful diversification when combined. TURF charges 0.44%/yr vs 0.35%/yr for COPA.
Performance
TURF vs. COPA - Performance Comparison
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Returns By Period
In the year-to-date period, TURF achieves a 19.55% return, which is significantly lower than COPA's 25.73% return.
TURF
- 1D
- -0.82%
- 1M
- 0.33%
- YTD
- 19.55%
- 6M
- 22.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COPA
- 1D
- -2.67%
- 1M
- 19.35%
- YTD
- 25.73%
- 6M
- 38.86%
- 1Y
- 125.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TURF vs. COPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TURF T. Rowe Price Natural Resources ETF | 19.55% | 17.05% |
COPA Themes Copper Miners ETF | 25.73% | 73.47% |
Correlation
The correlation between TURF and COPA is 0.67, 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 Jun 13, 2025 | 0.67 |
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Return for Risk
TURF vs. COPA — Risk / Return Rank
TURF
COPA
TURF vs. COPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and Themes Copper Miners ETF (COPA). 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.
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Sharpe Ratios by Period
| TURF | COPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.52 | 1.53 | +0.99 |
Drawdowns
TURF vs. COPA - Drawdown Comparison
The maximum TURF drawdown since its inception was -6.84%, smaller than the maximum COPA drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for TURF and COPA.
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Drawdown Indicators
| TURF | COPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.84% | -34.72% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.05% | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.67% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -9.62% | +8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.39% | — |
Volatility
TURF vs. COPA - Volatility Comparison
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Volatility by Period
| TURF | COPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 38.98% | -22.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 38.12% | -21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 38.12% | -21.62% |
TURF vs. COPA - Expense Ratio Comparison
TURF has a 0.44% expense ratio, which is higher than COPA's 0.35% expense ratio.
Dividends
TURF vs. COPA - Dividend Comparison
TURF's dividend yield for the trailing twelve months is around 1.25%, less than COPA's 3.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COPA Themes Copper Miners ETF | 3.39% | 4.26% | 1.33% |
TURF T. Rowe Price Natural Resources ETF | 1.25% | 1.49% | 0.00% |
Frequently Asked Questions
TURF and COPA have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COPA is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COPA is cheaper with a 0.35% expense ratio, compared with 0.44% for TURF.
COPA has the higher dividend yield at 3.39%, compared with 1.25% for TURF.
They also come from different issuers: T. Rowe Price and Themes. Their fees differ too: 0.44% for TURF and 0.35% for COPA.
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