TURF vs. METL

Last updated Aug 4, 2026

TURF (T. Rowe Price Natural Resources ETF) and METL (Sprott Active Metals & Miners ETF) are both Natural Resources funds. Both are actively managed. Their 0.76 correlation means they have sometimes moved together and sometimes differently. 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 11.92% return, which is significantly higher than METL's -2.40% return.

TURF

• 1D: -0.34%
• 1M: 3.72%
• 6M: 0.81%
• YTD: 11.92%
• 1Y: 32.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.42%

METL

• 1D: 1.88%
• 1M: -3.82%
• 6M: -16.81%
• YTD: -2.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
METL Sprott Active Metals & Miners ETF	$254.79K	$338.57K	$594.19K
TURF T. Rowe Price Natural Resources ETF	$1.07M	$3.82M	$3.10M

TURF vs. METL - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	11.92%	10.42%
METL Sprott Active Metals & Miners ETF	-2.40%	28.19%

Correlation

The correlation between TURF and METL is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.76

Return for Risk

TURF vs. METL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TURF

TURF Risk / Return Rank: 67
TURF Sharpe Ratio Rank: 75
TURF Sortino Ratio Rank: 68
TURF Omega Ratio Rank: 72
TURF Calmar Ratio Rank: 64
TURF Martin Ratio Rank: 57

METL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	METL	Difference
Sharpe ratio: Return per unit of total volatility	1.88	—	—
Sortino ratio: Return per unit of downside risk	2.46	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	7.29	—	—

Drawdowns

TURF vs. METL - Drawdown Comparison

The maximum TURF drawdown since its inception was -13.24%, smaller than the maximum METL drawdown of -28.80%. 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	-13.24%	-28.80%	+15.56%
Max Drawdown (1Y) Largest decline over 1 year	-13.24%	—	—
Current Drawdown Current decline from peak	-8.76%	-26.00%	+17.24%
Average Drawdown Average peak-to-trough decline	-2.68%	-10.73%	+8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	—	—

Volatility

Volatility by Period

	TURF	METL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	43.78%	-26.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	43.78%	-26.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	43.78%	-26.87%

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 1.33%, more than METL's 1.02% yield.

Position	TTM	2025
METL Sprott Active Metals & Miners ETF	1.02%	0.99%
TURF T. Rowe Price Natural Resources ETF	1.33%	1.49%

Frequently Asked Questions

Can I hold both TURF and METL in my portfolio?

TURF and METL have a correlation of 0.76, 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 1.33%, compared with 1.02% 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.