TURF vs. VALE

Last updated Jun 4, 2026

TURF (T. Rowe Price Natural Resources ETF) is Commodity Producers Equities fund managed by T. Rowe Price, while VALE (Vale S.A.) is a stock. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

TURF vs. VALE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Natural Resources ETF (TURF) and Vale S.A. (VALE). 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 VALE's 23.25% return.

TURF

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

VALE

• 1D: -4.52%
• 1M: 1.39%
• YTD: 23.25%
• 6M: 22.91%
• 1Y: 81.55%
• 3Y*: 14.29%
• 5Y*: 2.79%
• 10Y*: 21.28%

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

TURF vs. VALE - Yearly Performance Comparison

	2026 (YTD)	2025
TURF T. Rowe Price Natural Resources ETF	19.55%	17.05%
VALE Vale S.A.	23.25%	43.74%

Correlation

The correlation between TURF and VALE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.58

Return for Risk

TURF vs. VALE — Risk / Return Rank

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

VALE

VALE Risk / Return Rank: 90
VALE Sharpe Ratio Rank: 92
VALE Sortino Ratio Rank: 89
VALE Omega Ratio Rank: 88
VALE Calmar Ratio Rank: 88
VALE Martin Ratio Rank: 92

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. VALE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Natural Resources ETF (TURF) and Vale S.A. (VALE). 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	VALE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	0.31	+2.21

Drawdowns

TURF vs. VALE - Drawdown Comparison

The maximum TURF drawdown since its inception was -6.84%, smaller than the maximum VALE drawdown of -92.78%. Use the drawdown chart below to compare losses from any high point for TURF and VALE.

Drawdown Indicators

	TURF	VALE	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-92.78%	+85.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.60%	—
Current Drawdown Current decline from peak	-2.54%	-9.88%	+7.34%
Average Drawdown Average peak-to-trough decline	-1.53%	-36.73%	+35.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.54%	—

Volatility

Volatility by Period

	TURF	VALE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	31.56%	-15.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.50%	35.41%	-18.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	41.00%	-24.50%

Dividends

TURF vs. VALE - Dividend Comparison

TURF's dividend yield for the trailing twelve months is around 1.25%, less than VALE's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VALE Vale S.A.	3.58%	7.29%	11.41%	7.75%	8.63%	19.70%	2.72%	2.63%	4.16%	3.77%	1.06%	7.48%

Frequently Asked Questions

Can I hold both TURF and VALE in my portfolio?

TURF and VALE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.