TURF vs. TGRW

Last updated Jun 25, 2026

TURF (T. Rowe Price Natural Resources ETF) and TGRW (T. Rowe Price Growth Stock ETF) are both exchange-traded funds - TURF is a Natural Resources fund managed by T. Rowe Price, while TGRW is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past year, TURF returned 25.54% vs 12.42% for TGRW. At a 0.21 correlation, their price movements are largely independent. TURF charges 0.44%/yr vs 0.52%/yr for TGRW.

Performance

TURF vs. TGRW - 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 Growth Stock ETF (TGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TURF achieves a 6.67% return, which is significantly higher than TGRW's -0.25% return.

TURF

• 1D: -2.13%
• 1M: -9.62%
• YTD: 6.67%
• 6M: 6.34%
• 1Y: 25.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TGRW

• 1D: -0.98%
• 1M: -4.22%
• YTD: -0.25%
• 6M: -1.38%
• 1Y: 12.42%
• 3Y*: 19.33%
• 5Y*: 7.33%
• 10Y*: —

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

TURF vs. TGRW - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	6.67%	17.82%
TGRW T. Rowe Price Growth Stock ETF	-0.25%	13.59%

Correlation

The correlation between TURF and TGRW is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.21

TURF vs. TGRW - Sectors Allocation Comparison

Sectors	TURF	TGRW
Basic Materials	49.6%	0.6%
Energy	33.9%	-
Consumer Defensive	15.0%	0.8%
Communication Services	3.8%	16.5%
Financial Services	2.4%	5.2%
Consumer Cyclical	1.1%	13.1%
Technology	0.4%	52.6%
Utilities	0.3%	-
Industrials	0.2%	4.1%
Healthcare	-	6.6%
Real Estate	-	0.6%

Return for Risk

TURF vs. TGRW — Risk / Return Rank

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

TURF

TURF Risk / Return Rank: 49
TURF Sharpe Ratio Rank: 49
TURF Sortino Ratio Rank: 45
TURF Omega Ratio Rank: 46
TURF Calmar Ratio Rank: 45
TURF Martin Ratio Rank: 58

TGRW

TGRW Risk / Return Rank: 20
TGRW Sharpe Ratio Rank: 22
TGRW Sortino Ratio Rank: 21
TGRW Omega Ratio Rank: 21
TGRW Calmar Ratio Rank: 17
TGRW Martin Ratio Rank: 19

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. TGRW - 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 Growth Stock ETF (TGRW). 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	TGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.48	0.72	+0.76
Sortino ratio: Return per unit of downside risk	1.99	1.09	+0.90
Omega ratio: Gain probability vs. loss probability	1.26	1.13	+0.13
Calmar ratio: Return relative to maximum drawdown	1.97	0.66	+1.31
Martin ratio: Return relative to average drawdown	9.02	2.05	+6.97

TURF vs. TGRW - Sharpe Ratio Comparison

The current TURF Sharpe Ratio is 1.48, which is higher than the TGRW Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of TURF and TGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TURF vs. TGRW - Drawdown Comparison

The maximum TURF drawdown since its inception was -13.04%, smaller than the maximum TGRW drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for TURF and TGRW.

Drawdown Indicators

	TURF	TGRW	Difference
Max Drawdown Largest peak-to-trough decline	-13.04%	-43.33%	+30.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.04%	-18.84%	+5.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.33%	—
Current Drawdown Current decline from peak	-13.04%	-7.42%	-5.62%
Average Drawdown Average peak-to-trough decline	-1.88%	-12.40%	+10.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	6.07%	-3.23%

Volatility

TURF vs. TGRW - Volatility Comparison

T. Rowe Price Natural Resources ETF (TURF) and T. Rowe Price Growth Stock ETF (TGRW) have volatilities of 6.35% and 6.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TURF	TGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	6.44%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	14.22%	13.51%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	17.40%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	23.40%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	23.04%	-5.84%

TURF vs. TGRW - Expense Ratio Comparison

TURF has a 0.44% expense ratio, which is lower than TGRW's 0.52% expense ratio.

Dividends

TURF vs. TGRW - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.40%, while TGRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
TGRW T. Rowe Price Growth Stock ETF	0.00%	0.00%	0.00%	0.01%	0.00%	0.40%	0.21%
TURF T. Rowe Price Natural Resources ETF	1.40%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TURF and TGRW in my portfolio?

TURF and TGRW have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TURF or TGRW?

TGRW has higher volatility (6.44%) compared to TURF (6.35%). In terms of maximum drawdown, TURF dropped -13.04% vs TGRW's -43.33%.

Which ETF is better, TURF or TGRW?

On 1-year performance, TURF leads with 25.54% vs 12.42% for TGRW. On fees, TURF is cheaper at 0.44% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TURF or TGRW?

Over the 1-year period, TURF has performed better with a 25.54% return vs 12.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TURF or TGRW?

TURF is cheaper with a 0.44% expense ratio, compared with 0.52% for TGRW.

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

TURF has the higher dividend yield at 1.40%, compared with 0.00% for TGRW.

What is the main difference between TURF and TGRW?

TURF is categorized as Natural Resources, while TGRW is Large Cap Growth Equities. Their fees differ too: 0.44% for TURF and 0.52% for TGRW.

Which has better risk-adjusted returns?

TURF currently has the higher Sharpe Ratio (1.48 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.