URNM vs. TURF

Last updated Jun 4, 2026

URNM (NorthShore Global Uranium Mining ETF) and TURF (T. Rowe Price Natural Resources ETF) are both Commodity Producers Equities funds. A 0.53 correlation means they provide meaningful diversification when combined. URNM charges 0.85%/yr vs 0.44%/yr for TURF.

Performance

URNM vs. TURF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NorthShore Global Uranium Mining ETF (URNM) 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, URNM achieves a 11.97% return, which is significantly lower than TURF's 19.55% return.

URNM

• 1D: -5.94%
• 1M: -7.38%
• YTD: 11.97%
• 6M: 10.07%
• 1Y: 52.67%
• 3Y*: 27.00%
• 5Y*: 15.58%
• 10Y*: —

TURF

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

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

URNM vs. TURF - Yearly Performance Comparison

	2026 (YTD)	2025
URNM NorthShore Global Uranium Mining ETF	11.97%	32.28%
TURF T. Rowe Price Natural Resources ETF	19.55%	17.05%

Correlation

The correlation between URNM and TURF is 0.53, 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	0.53

URNM vs. TURF - Sectors Allocation Comparison

Sectors	URNM	TURF
Energy	97.4%	29.2%
Basic Materials	2.6%	33.9%
Communication Services	-	3.8%
Consumer Cyclical	-	-
Consumer Defensive	-	8.5%
Financial Services	-	2.3%
Healthcare	-	-
Industrials	-	1.6%
Real Estate	-	-
Technology	-	0.4%
Utilities	-	0.3%

Return for Risk

URNM vs. TURF — Risk / Return Rank

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

URNM

URNM Risk / Return Rank: 29
URNM Sharpe Ratio Rank: 28
URNM Sortino Ratio Rank: 30
URNM Omega Ratio Rank: 28
URNM Calmar Ratio Rank: 33
URNM Martin Ratio Rank: 26

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.

URNM vs. TURF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NorthShore Global Uranium Mining ETF (URNM) 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.

	URNM	TURF	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.65	—	—
Martin ratio: Return relative to average drawdown	3.59	—	—
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

	URNM	TURF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	2.52	-1.85

Drawdowns

URNM vs. TURF - Drawdown Comparison

The maximum URNM drawdown since its inception was -50.78%, which is greater than TURF's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for URNM and TURF.

Drawdown Indicators

	URNM	TURF	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	-6.84%	-43.94%
Max Drawdown (1Y) Largest decline over 1 year	-32.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-50.78%	—	—
Current Drawdown Current decline from peak	-26.82%	-2.54%	-24.28%
Average Drawdown Average peak-to-trough decline	-18.03%	-1.53%	-16.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.71%	—	—

Volatility

Volatility by Period

	URNM	TURF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	51.69%	16.50%	+35.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.30%	16.50%	+31.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.90%	16.50%	+30.40%

URNM vs. TURF - Expense Ratio Comparison

URNM has a 0.85% expense ratio, which is higher than TURF's 0.44% expense ratio.

Dividends

URNM vs. TURF - Dividend Comparison

URNM's dividend yield for the trailing twelve months is around 2.84%, more than TURF's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
TURF T. Rowe Price Natural Resources ETF	1.25%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.84%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Frequently Asked Questions

Can I hold both URNM and TURF in my portfolio?

URNM and TURF have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URNM or TURF?

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, URNM or TURF?

TURF is cheaper with a 0.44% expense ratio, compared with 0.85% for URNM.

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

URNM has the higher dividend yield at 2.84%, compared with 1.25% for TURF.

What is the main difference between URNM and TURF?

They also come from different issuers: Exchange Traded Concepts and T. Rowe Price. Their fees differ too: 0.85% for URNM and 0.44% for TURF.