TURF vs. NANR

Last updated Jun 4, 2026

TURF (T. Rowe Price Natural Resources ETF) and NANR (SPDR S&P North American Natural Resources ETF) are both Commodity Producers Equities funds. Their correlation of 0.92 suggests significant overlap in exposure. TURF charges 0.44%/yr vs 0.35%/yr for NANR.

Performance

TURF vs. NANR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Natural Resources ETF (TURF) and SPDR S&P North American Natural Resources ETF (NANR). 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 lower than NANR's 24.07% return.

TURF

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

NANR

• 1D: -0.54%
• 1M: 2.37%
• YTD: 24.07%
• 6M: 26.38%
• 1Y: 53.70%
• 3Y*: 20.80%
• 5Y*: 16.21%
• 10Y*: 12.52%

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

TURF vs. NANR - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	19.55%	17.05%
NANR SPDR S&P North American Natural Resources ETF	24.07%	20.81%

Correlation

The correlation between TURF and NANR 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 (All Time) Calculated using the full available price history since Jun 13, 2025	0.92

TURF vs. NANR - Sectors Allocation Comparison

Sectors	TURF	NANR
Basic Materials	33.9%	47.1%
Energy	29.2%	41.1%
Consumer Defensive	8.5%	4.4%
Communication Services	3.8%	-
Financial Services	2.3%	-
Industrials	1.6%	0.0%
Technology	0.4%	0.1%
Utilities	0.3%	0.0%
Consumer Cyclical	-	5.9%
Healthcare	-	-
Real Estate	-	0.4%

Return for Risk

TURF vs. NANR — Risk / Return Rank

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

NANR

NANR Risk / Return Rank: 86
NANR Sharpe Ratio Rank: 88
NANR Sortino Ratio Rank: 81
NANR Omega Ratio Rank: 81
NANR Calmar Ratio Rank: 91
NANR Martin Ratio Rank: 90

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. NANR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and SPDR S&P North American Natural Resources ETF (NANR). 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	NANR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.98	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	0.63	+1.89

Drawdowns

TURF vs. NANR - Drawdown Comparison

The maximum TURF drawdown since its inception was -6.84%, smaller than the maximum NANR drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for TURF and NANR.

Drawdown Indicators

	TURF	NANR	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-49.15%	+42.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.93%	—
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	-2.54%	-2.35%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.53%	-8.40%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.53%	—

Volatility

Volatility by Period

	TURF	NANR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	18.13%	-1.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	22.89%	-6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	23.54%	-7.04%

TURF vs. NANR - Expense Ratio Comparison

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

Dividends

TURF vs. NANR - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.25%, less than NANR's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NANR SPDR S&P North American Natural Resources ETF	1.69%	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	1.25%	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 TURF and NANR in my portfolio?

With a correlation of 0.92, TURF and NANR 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 ETF is better, TURF or NANR?

On fees, NANR is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TURF or NANR?

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

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

NANR has the higher dividend yield at 1.69%, compared with 1.25% for TURF.

What is the main difference between TURF and NANR?

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