TURF vs. TFLR

Last updated Jun 4, 2026

TURF (T. Rowe Price Natural Resources ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - TURF is a Commodity Producers Equities fund managed by T. Rowe Price, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. At a 0.09 correlation, their price movements are largely independent. TURF charges 0.44%/yr vs 0.60%/yr for TFLR.

Performance

TURF vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Natural Resources ETF (TURF) and T. Rowe Price Floating Rate ETF (TFLR). 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 TFLR's 1.39% return.

TURF

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

TFLR

• 1D: -0.06%
• 1M: 0.34%
• YTD: 1.39%
• 6M: 2.07%
• 1Y: 5.72%
• 3Y*: 8.12%
• 5Y*: —
• 10Y*: —

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

TURF vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	19.55%	17.05%
TFLR T. Rowe Price Floating Rate ETF	1.39%	4.02%

Correlation

The correlation between TURF and TFLR is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.09

Return for Risk

TURF vs. TFLR — Risk / Return Rank

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

TFLR

TFLR Risk / Return Rank: 78
TFLR Sharpe Ratio Rank: 86
TFLR Sortino Ratio Rank: 90
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 53
TFLR Martin Ratio Rank: 65

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. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and T. Rowe Price Floating Rate ETF (TFLR). 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	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	2.18	+0.34

Drawdowns

TURF vs. TFLR - Drawdown Comparison

The maximum TURF drawdown since its inception was -6.84%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for TURF and TFLR.

Drawdown Indicators

	TURF	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-4.01%	-2.83%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.01%	—
Current Drawdown Current decline from peak	-2.54%	-0.08%	-2.46%
Average Drawdown Average peak-to-trough decline	-1.53%	-0.21%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.47%	—

Volatility

Volatility by Period

	TURF	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	1.98%	+14.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	3.68%	+12.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	3.68%	+12.82%

TURF vs. TFLR - Expense Ratio Comparison

TURF has a 0.44% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

TURF vs. TFLR - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.25%, less than TFLR's 6.77% yield.

Position	TTM	2025	2024	2023	2022
TFLR T. Rowe Price Floating Rate ETF	6.77%	6.93%	8.18%	7.76%	0.58%
TURF T. Rowe Price Natural Resources ETF	1.25%	1.49%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TURF and TFLR in my portfolio?

TURF and TFLR have a correlation of 0.09, 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 TFLR?

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 TFLR?

TURF is cheaper with a 0.44% expense ratio, compared with 0.60% for TFLR.

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

TFLR has the higher dividend yield at 6.77%, compared with 1.25% for TURF.

What is the main difference between TURF and TFLR?

TURF is categorized as Commodity Producers Equities, while TFLR is Bank Loan. Their fees differ too: 0.44% for TURF and 0.60% for TFLR.