TURF vs. FMTL

Last updated Jul 15, 2026

TURF (T. Rowe Price Natural Resources ETF) and FMTL (First Trust Indxx Critical Metals ETF) are both exchange-traded funds - TURF is a Natural Resources fund managed by T. Rowe Price, while FMTL is a Rare Earth & Strategic Metals fund tracking the Indxx Global Critical Metals Index. A 0.73 correlation means they provide meaningful diversification when combined. TURF charges 0.44%/yr vs 0.65%/yr for FMTL.

Performance

TURF vs. FMTL - Performance Comparison

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

Returns By Period

In the year-to-date period, TURF achieves a 10.57% return, which is significantly lower than FMTL's 12.33% return.

TURF

• 1D: 1.27%
• 1M: -3.36%
• 6M: 4.36%
• YTD: 10.57%
• 1Y: 27.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMTL

• 1D: 2.57%
• 1M: -8.37%
• 6M: 0.07%
• YTD: 12.33%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TURF vs. FMTL - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	10.57%	10.13%
FMTL First Trust Indxx Critical Metals ETF	12.33%	21.85%

Correlation

The correlation between TURF and FMTL is 0.73, 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 5, 2025	0.73

Return for Risk

TURF vs. FMTL — Risk / Return Rank

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

TURF

TURF Risk / Return Rank: 54
TURF Sharpe Ratio Rank: 59
TURF Sortino Ratio Rank: 54
TURF Omega Ratio Rank: 57
TURF Calmar Ratio Rank: 51
TURF Martin Ratio Rank: 50

FMTL

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

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.

TURF vs. FMTL - Risk-Adjusted Trends Comparison

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

	TURF	FMTL	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.11	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.05	—	—
Martin ratio: Return relative to average drawdown	6.91	—	—

Drawdowns

TURF vs. FMTL - Drawdown Comparison

The maximum TURF drawdown since its inception was -13.24%, smaller than the maximum FMTL drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for TURF and FMTL.

Drawdown Indicators

	TURF	FMTL	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-22.44%	+9.20%
Max Drawdown (1Y) Largest decline over 1 year	-13.24%	—	—
Current Drawdown Current decline from peak	-9.86%	-15.78%	+5.92%
Average Drawdown Average peak-to-trough decline	-2.36%	-6.20%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	—	—

Volatility

Volatility by Period

	TURF	FMTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.06%	39.80%	-22.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	39.80%	-22.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.92%	39.80%	-22.88%

TURF vs. FMTL - Expense Ratio Comparison

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

Dividends

TURF vs. FMTL - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.35%, less than FMTL's 1.65% yield.

Position	TTM	2025
FMTL First Trust Indxx Critical Metals ETF	1.65%	0.06%
TURF T. Rowe Price Natural Resources ETF	1.35%	1.49%

Frequently Asked Questions

Can I hold both TURF and FMTL in my portfolio?

TURF and FMTL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TURF or FMTL?

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, TURF or FMTL?

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

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

FMTL has the higher dividend yield at 1.65%, compared with 1.35% for TURF.

What is the main difference between TURF and FMTL?

TURF is categorized as Natural Resources, while FMTL is Rare Earth & Strategic Metals. They also come from different issuers: T. Rowe Price and First Trust. Their fees differ too: 0.44% for TURF and 0.65% for FMTL.