TURF vs. VALE
TURF (T. Rowe Price Natural Resources ETF) is Natural Resources fund managed by T. Rowe Price, while VALE (Vale S.A.) is a stock. Over the past year, TURF returned 25.54% vs 69.58% for VALE. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
TURF vs. VALE - Performance Comparison
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Returns By Period
In the year-to-date period, TURF achieves a 6.67% return, which is significantly lower than VALE's 13.89% return.
TURF
- 1D
- -2.13%
- 1M
- -9.62%
- YTD
- 6.67%
- 6M
- 6.34%
- 1Y
- 25.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALE
- 1D
- -3.07%
- 1M
- -9.95%
- YTD
- 13.89%
- 6M
- 12.85%
- 1Y
- 69.58%
- 3Y*
- 11.26%
- 5Y*
- 0.58%
- 10Y*
- 20.48%
TURF vs. VALE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TURF T. Rowe Price Natural Resources ETF | 6.67% | 17.82% |
VALE Vale S.A. | 13.89% | 42.70% |
Correlation
The correlation between TURF and VALE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.60 |
The correlation between TURF and VALE has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.
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Return for Risk
TURF vs. VALE — Risk / Return Rank
TURF
VALE
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.
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 | VALE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | 3.52 | -1.56 |
| Martin ratioReturn relative to average drawdown | 9.02 | 11.05 | -2.03 |
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Drawdowns
TURF vs. VALE - Drawdown Comparison
The maximum TURF drawdown since its inception was -13.04%, 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.
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Drawdown Indicators
| TURF | VALE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -92.78% | +79.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -19.85% | +6.81% |
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 DrawdownCurrent decline from peak | -13.04% | -16.72% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -36.67% | +34.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 6.32% | -3.48% |
Volatility
TURF vs. VALE - Volatility Comparison
The current volatility for T. Rowe Price Natural Resources ETF (TURF) is 6.35%, while Vale S.A. (VALE) has a volatility of 10.01%. This indicates that TURF experiences smaller price fluctuations and is considered to be less risky than VALE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TURF | VALE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 10.01% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 26.71% | -12.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 31.82% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 35.50% | -18.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 40.73% | -23.53% |
Dividends
TURF vs. VALE - Dividend Comparison
TURF's dividend yield for the trailing twelve months is around 1.40%, less than VALE's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TURF T. Rowe Price Natural Resources ETF | 1.40% | 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. | 3.87% | 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
TURF and VALE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALE has higher volatility (10.01%) compared to TURF (6.35%). In terms of maximum drawdown, TURF dropped -13.04% vs VALE's -92.78%.
VALE currently has the higher Sharpe Ratio (2.20 vs 1.48), 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.
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