URAN vs. TURF

Last updated Jun 5, 2026

URAN (Themes Uranium & Nuclear ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Commodity Producers Equities funds. A 0.51 correlation means they provide meaningful diversification when combined. URAN charges 0.35%/yr vs 0.44%/yr for TURF.

Performance

URAN vs. TURF - Performance Comparison

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

Returns By Period

In the year-to-date period, URAN achieves a 3.99% return, which is significantly lower than TURF's 19.19% return.

URAN

• 1D: -1.13%
• 1M: -6.05%
• YTD: 3.99%
• 6M: -2.71%
• 1Y: 27.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TURF

• 1D: -0.30%
• 1M: -0.95%
• YTD: 19.19%
• 6M: 21.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URAN vs. TURF - Yearly Performance Comparison

	2026 (YTD)	2025
URAN Themes Uranium & Nuclear ETF	3.99%	18.22%
TURF T. Rowe Price Natural Resources ETF	19.19%	17.05%

Correlation

The correlation between URAN and TURF is 0.51, 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	0.51

Return for Risk

URAN vs. TURF — Risk / Return Rank

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

URAN

URAN Risk / Return Rank: 22
URAN Sharpe Ratio Rank: 22
URAN Sortino Ratio Rank: 23
URAN Omega Ratio Rank: 22
URAN Calmar Ratio Rank: 24
URAN Martin Ratio Rank: 20

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.

URAN vs. TURF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Uranium & Nuclear ETF (URAN) and T. Rowe Price Natural Resources ETF (TURF). 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.

	URAN	TURF	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	1.21	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.09	—	—
Martin ratio: Return relative to average drawdown	2.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	URAN	TURF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	2.48	-1.64

Drawdowns

URAN vs. TURF - Drawdown Comparison

The maximum URAN drawdown since its inception was -31.96%, which is greater than TURF's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for URAN and TURF.

Drawdown Indicators

	URAN	TURF	Difference
Max Drawdown Largest peak-to-trough decline	-31.96%	-6.84%	-25.12%
Max Drawdown (1Y) Largest decline over 1 year	-25.31%	—	—
Current Drawdown Current decline from peak	-21.06%	-2.84%	-18.22%
Average Drawdown Average peak-to-trough decline	-10.78%	-1.53%	-9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.78%	—	—

Volatility

Volatility by Period

	URAN	TURF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.36%	16.47%	+22.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.09%	16.47%	+22.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.09%	16.47%	+22.62%

URAN vs. TURF - Expense Ratio Comparison

URAN has a 0.35% expense ratio, which is lower than TURF's 0.44% expense ratio.

Dividends

URAN vs. TURF - Dividend Comparison

URAN's dividend yield for the trailing twelve months is around 2.46%, more than TURF's 1.25% yield.

Position	TTM	2025	2024
TURF T. Rowe Price Natural Resources ETF	1.25%	1.49%	0.00%
URAN Themes Uranium & Nuclear ETF	2.46%	2.56%	0.21%

Frequently Asked Questions

Can I hold both URAN and TURF in my portfolio?

URAN and TURF have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URAN or TURF?

On fees, URAN is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URAN or TURF?

URAN is cheaper with a 0.35% expense ratio, compared with 0.44% for TURF.

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

URAN has the higher dividend yield at 2.46%, compared with 1.25% for TURF.

What is the main difference between URAN and TURF?

They also come from different issuers: Themes and T. Rowe Price. Their fees differ too: 0.35% for URAN and 0.44% for TURF.