SPY vs TURF
State Street SPDR S&P 500 ETF Trust vs T. Rowe Price Natural Resources ETF
Which is better, SPY or TURF?
Large Cap Blend against Large Cap Value.
SPY has a lower expense ratio. TURF led over 1Y and the full window. TURF is less concentrated, with 36.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SPY | TURF |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.44% |
| AUM | $804.7B | $330M |
| Dividend Yield | 0.98% | 1.21% |
| Holdings | 505 | 95 |
| YTD Return | +12.99% | +17.23%Best |
| 1Y Return | +16.73% | +27.81%Best |
| 3Y Return (annualized) | +22.52% | - |
| 5Y Return (annualized) | +13.07% | - |
| Volatility (annualized) | 11.8%Best | 19.4% |
| Max Drawdown | -8.9%Best | -13.2% |
| $10,000 over 1.3 years | $12,944 | $13,990Best |
| Top 10 Weight | 37.8% | 36.3%Best |
| Fund Family | State Street Investment Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 22, 1993 | Jun 11, 2025 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 12, 2025 to Sep 23, 2026 (1.3 years).
SPY vs TURF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
SPY vs TURF Performance
State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management and T. Rowe Price Natural Resources ETF (TURF) is an ETF from T.Rowe Price. Over the past year SPY returned +16.73% while TURF returned +27.81%. Year to date, SPY is up 12.99% versus a gain of 17.23% for TURF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TURF has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 11.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -8.9% for SPY and -13.2% for TURF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.02. They move largely independently of each other.
Fees and Cost Over Time
SPY charges 0.09% per year while TURF charges 0.44%. On a $10,000 position that is $9 vs $44 annually, a gap of $35 per year that compounds over a long holding period. On income, SPY currently yields 0.98% against 1.21% for TURF.
Holdings Overlap
2.3% of SPY's money is in holdings TURF also owns. 26.4% of TURF's money is in holdings SPY also owns.
TURF and SPY share little of their money.
12 positions in common, counted across the 504 positions we hold weights for in SPY and 84 in TURF, against full books of 505 and 95.
What only one of them owns
Our book lists 17 positions for TURF that do not appear in our book for SPY (10.2% of the fund), and 485 for SPY that do not appear in TURF (97.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in SPY | Weight in TURF | Difference |
|---|---|---|---|
| CTVACorteva Inc Ctva | 0.09% | 5.51% | 5.42% |
| XOMExxon Mobil Corp. | 1.04% | 4.07% | 3.03% |
| CVXChevron Corp | 0.60% | 3.02% | 2.42% |
| ADMArcher-Daniels-Midland Co. | 0.06% | 3.28% | 3.22% |
| COPConocophillips Common Stock USD 0.01 | 0.25% | 2.10% | 1.85% |
| TSNTyson Foods Inc. Class A | 0.02% | 2.11% | 2.09% |
| BGBunge Global Sa Common Shares | 0.03% | 1.64% | 1.61% |
| CFCf Industries Holdings Inc. | 0.03% | 1.61% | 1.58% |
| MOSMosaic Co | 0.01% | 1.39% | 1.38% |
| FANGDiamondback Energy, Inc. | 0.06% | 0.69% | 0.63% |
26.4% of TURF is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SPY or TURF?
SPY has an expense ratio of 0.09% while TURF charges 0.44%. SPY is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, SPY or TURF?
Over the past year SPY returned +16.73% vs +27.81% for TURF, so TURF leads on 1-year performance. Over the longest common window we track (1 years), SPY annualized +21.96% vs +29.47% for TURF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPY or TURF?
TURF has been the more volatile fund at 19.4% annualized versus 11.8% for SPY. Worst drawdown: SPY -8.9% vs TURF -13.2%.
Should I hold both SPY and TURF?
SPY and TURF have a monthly-return correlation of 0.02, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between SPY and TURF?
26.4% of TURF's money is in holdings SPY also owns. 26.4% of TURF's is in holdings SPY also owns. They hold 12 positions in common, counted across the 504 positions we hold weights for in SPY and 84 in TURF.
Which pays a higher dividend, SPY or TURF?
SPY yields 0.98% while TURF yields 1.21%, so TURF currently pays the higher dividend yield.
Is TURF better than SPY?
SPY has a lower expense ratio. TURF led over 1Y and the full window. TURF is less concentrated, with 36.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.