T. Rowe Price Natural Resource ETF (TURF) — Stock Correlations & Overview
Over the past year, TURF has moved most closely with GUNR, GNR, CSNR. Explore the stocks most correlated and inversely correlated with TURF below, along with its price, financials, and company profile.
Stocks correlated with TURF
Correlation of daily returns. Higher positive values move with TURF; negative values move opposite it. Informational only, not investment advice.
Most correlated with TURF
| Symbol | Company | Correlation |
|---|---|---|
| GUNR | Northern Trust Morningstar Global Upstream Natural Resources ETF | 0.96 |
| GNR | State Street SPDR S&P Global Natural Resources ETF | 0.95 |
| CSNR | Cohen & Steers Natural Resources Active ETF | 0.94 |
| NRES | Xtrackers RREEF Global Natural Resources ETF | 0.94 |
| NANR | State Street SPDR S&P North American Natural Resources ETF | 0.94 |
Most inversely correlated with TURF
| Symbol | Company | Correlation |
|---|---|---|
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.72 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.71 |
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.71 |
| ZSL | ProShares UltraShort SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.70 |
| GLL | ProShares UltraShort GoldCOMMODITY CONTRACTS BROKERS & DEALERS | -0.68 |
Frequently asked questions about TURF correlations
- Which stocks are most correlated with TURF?
- Based on one year of daily returns, the stocks most correlated with T. Rowe Price Natural Resource ETF (TURF) are GUNR (0.96), GNR (0.95) and CSNR (0.94). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TURF?
- Over the past year, the stocks most inversely correlated with T. Rowe Price Natural Resource ETF (TURF) are DUST (-0.72), GDXD (-0.71) and JDST (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TURF correlations calculated?
- We compute the correlation of daily returns between TURF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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