TURF vs. METL

Last updated Jun 4, 2026

TURF (T. Rowe Price Natural Resources ETF) and METL (Sprott Active Metals & Miners ETF) are both Commodity Producers Equities funds. A 0.74 correlation means they provide meaningful diversification when combined. TURF charges 0.44%/yr vs 0.89%/yr for METL.

Performance

TURF vs. METL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Natural Resources ETF (TURF) and Sprott Active Metals & Miners ETF (METL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TURF achieves a 19.55% return, which is significantly higher than METL's 18.34% return.

TURF

• 1D: -0.82%
• 1M: 0.33%
• YTD: 19.55%
• 6M: 22.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

METL

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

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

TURF vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	19.55%	9.21%
METL Sprott Active Metals & Miners ETF	18.34%	27.04%

Correlation

The correlation between TURF and METL 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

TURF vs. METL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and Sprott Active Metals & Miners ETF (METL). 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

	TURF	METL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	1.72	+0.80

Drawdowns

TURF vs. METL - Drawdown Comparison

The maximum TURF drawdown since its inception was -6.84%, smaller than the maximum METL drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for TURF and METL.

Drawdown Indicators

	TURF	METL	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-27.39%	+20.55%
Current Drawdown Current decline from peak	-2.54%	-10.27%	+7.73%
Average Drawdown Average peak-to-trough decline	-1.53%	-8.11%	+6.58%

Volatility

Volatility by Period

	TURF	METL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	43.94%	-27.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	43.94%	-27.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	43.94%	-27.44%

TURF vs. METL - Expense Ratio Comparison

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

Dividends

TURF vs. METL - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.25%, more than METL's 0.84% yield.

Position	TTM	2025
METL Sprott Active Metals & Miners ETF	0.84%	0.99%
TURF T. Rowe Price Natural Resources ETF	1.25%	1.49%

Frequently Asked Questions

Can I hold both TURF and METL in my portfolio?

TURF and METL 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, TURF or METL?

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 METL?

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

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

TURF has the higher dividend yield at 1.25%, compared with 0.84% for METL.

What is the main difference between TURF and METL?

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