TURF vs. NRES

Last updated Jun 3, 2026

TURF (T. Rowe Price Natural Resources ETF) and NRES (Xtrackers RREEF Global 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 0.45%/yr for NRES.

Performance

TURF vs. NRES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Natural Resources ETF (TURF) and Xtrackers RREEF Global Natural Resources ETF (NRES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TURF achieves a 20.54% return, which is significantly higher than NRES's 17.82% return.

TURF

• 1D: 1.60%
• 1M: 0.70%
• YTD: 20.54%
• 6M: 25.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NRES

• 1D: 1.47%
• 1M: -0.44%
• YTD: 17.82%
• 6M: 21.95%
• 1Y: 39.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TURF vs. NRES - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	20.54%	17.05%
NRES Xtrackers RREEF Global Natural Resources ETF	17.82%	16.28%

Correlation

The correlation between TURF and NRES 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. NRES - Sectors Allocation Comparison

Sectors	TURF	NRES
Basic Materials	33.9%	44.2%
Energy	29.2%	39.8%
Consumer Defensive	8.5%	5.7%
Communication Services	3.8%	-
Financial Services	2.3%	-
Industrials	1.6%	0.8%
Technology	0.4%	-
Utilities	0.3%	-
Consumer Cyclical	-	7.4%
Healthcare	-	0.9%
Real Estate	-	1.1%

Return for Risk

TURF vs. NRES — Risk / Return Rank

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

NRES

NRES Risk / Return Rank: 75
NRES Sharpe Ratio Rank: 71
NRES Sortino Ratio Rank: 65
NRES Omega Ratio Rank: 67
NRES Calmar Ratio Rank: 87
NRES Martin Ratio Rank: 85

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. NRES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and Xtrackers RREEF Global Natural Resources ETF (NRES). 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	NRES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.60	1.01	+1.60

Drawdowns

TURF vs. NRES - Drawdown Comparison

The maximum TURF drawdown since its inception was -6.84%, smaller than the maximum NRES drawdown of -22.22%. Use the drawdown chart below to compare losses from any high point for TURF and NRES.

Drawdown Indicators

	TURF	NRES	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-22.22%	+15.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.47%	—
Current Drawdown Current decline from peak	-1.73%	-3.19%	+1.46%
Average Drawdown Average peak-to-trough decline	-1.52%	-5.22%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	TURF	NRES	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	16.75%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.51%	18.02%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	18.02%	-1.51%

TURF vs. NRES - Expense Ratio Comparison

TURF has a 0.44% expense ratio, which is lower than NRES's 0.45% expense ratio.

Dividends

TURF vs. NRES - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.24%, less than NRES's 2.26% yield.

Position	TTM	2025	2024
NRES Xtrackers RREEF Global Natural Resources ETF	2.26%	2.65%	3.23%
TURF T. Rowe Price Natural Resources ETF	1.24%	1.49%	0.00%

Frequently Asked Questions

Can I hold both TURF and NRES in my portfolio?

With a correlation of 0.92, TURF and NRES 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 NRES?

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 NRES?

TURF is cheaper with a 0.44% expense ratio, compared with 0.45% for NRES.

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

NRES has the higher dividend yield at 2.26%, compared with 1.24% for TURF.

What is the main difference between TURF and NRES?

They also come from different issuers: T. Rowe Price and Xtrackers. Their fees differ too: 0.44% for TURF and 0.45% for NRES.