IGE vs TURF: Grades, Fees and Holdings Compared

iShares North American Natural Resources ETF

IGEACboe

T. Rowe Price Natural Resources ETF

TURFBNasdaq

Overlap

12.5%by weight

Expense ratio

IGE −0.07pt a year

IGE0.37%TURF0.44%

Avg volume · 30D

IGE 1.9×the volume

IGE144KTURF74.3K

IGE vs TURF Performance

Oct 31, 2025 – Nov 2, 2026

+39.1%IGE+23.5%TURF

Expense ratio: IGE 0.37%, better; TURF 0.44%
Fund size: IGE $839M; TURF $340M
1Y total return: IGE +39.1%, better; TURF +23.5%
Yield (12M): IGE 1.85%; TURF No data
Holdings: IGE 153; TURF 96
Avg volume (30D): IGE 144K sh, better; TURF 74.3K sh
NAV per share: IGE $66.58; TURF $33.75
52W range

ETF.net Grade

Pillar letters and Scores for IGE, TURF, with each pillar’s weight
Pillar	IGE	TURF
Cost30% weight	A91Higher	B61
Mission25% weight	Not scored	Not scored
Risk15% weight	B65Higher	C43
Tradability15% weight	A85Higher	B68
Holdings10% weight	D37	A76Higher
Durability5% weight	A79Higher	C49

Rank among Natural Resources funds

How we build Categories ›

Same Category. IGE and TURF are both graded against the same 14 Natural Resources funds, so their Grades compare head to head.

Natural Resources⁠

Category · 14 funds

See all 14 ›

IGE ranks 1st and TURF 7th of 14 funds in the Natural Resources Category.

Rank 1AIGEiShares North American Natural Resources ETFScore 76
Rank 2AGNRState Street SPDR S&P Global Natural Resources ETFScore 75
Rank 5BGUNRNorthern Trust Morningstar Global Upstream Natural Resources ETFScore 62
Rank 7BTURFT. Rowe Price Natural Resources ETFScore 59
Rank 8CNRESXtrackers RREEF Global Natural Resources ETFScore 43

Our read on each fund

ETF.net Research

IGEAiShares North American Natural Resources ETF

TURFBT. Rowe Price Natural Resources ETF

In short

IGE A 2001-vintage way to own the stuff the economy digs up and drills for: US and Canadian energy, metals, miners and timber in one market-cap-weighted basket, priced below the natural-resources average.

TURF An active bet on the companies that dig, drill and develop. TURF keeps at least 80% of net assets in upstream natural-resource names, holds roughly 80 of them, and charges less than the typical global thematic fund.

Stated mandate

IGE The fund seeks to follow an index representing North American equities in the natural-resources sector.

TURF The fund seeks long-term capital appreciation. It normally invests at least 80% of net assets in upstream natural-resource companies engaged in exploration, extraction, or development.

Why people hold it

IGE Launched in October 2001, one of the longest-running natural-resources ETFs on the tape, with several full commodity cycles behind it.investing.com
0.37% a year sits under the natural-resources cohort median of 0.41%, and well under GUNR's 0.47%.
About 150 names spanning oil and gas, metals and mining, and paper and forest products, so it reaches past the usual oil-major shortlist.investing.com
Plain index tracking from iShares, distributions paid quarterly, and one of the stronger builds in its natural-resources peer group.ishares.com

TURF Active management at 0.44%, below the 0.56% median expense ratio for its global thematic peer group.
The mandate is specific: at least 80% of net assets in upstream companies doing exploration, extraction or development, not the refiners and shippers further down the chain.
Concentrated by design at roughly 80 holdings, with managers free to mix growth and value picks rather than mirror a commodity index.
Rates as one of the stronger implementations in its global thematic cohort, helped by tight, orderly trading.

Worth knowing

IGE North America only. GNR and GUNR cast a global net, which picks up large overseas miners this one leaves on the table.
Market-cap weighting hands the largest energy names the heaviest slots, and the basket rides the commodity cycle in both directions.
Mid-sized and moderately traded rather than a mega-liquid giant, so spreads deserve a look on larger orders.

TURF Launched in 2025, so the record is short and the risk read on it is still thin.
Upstream resource stocks track commodity cycles closely, so the ride can be far bumpier than a broad equity fund.
Income is not the point: capital appreciation is the stated goal, distributions are annual, and part of a payout can be return of capital.

Full IGE profile⁠

Full TURF profile⁠

IGE vs TURF Holdings

How IGE and TURF differ

Overlap by weight

12.5%

Shared holdings make up 22.8% of IGE and 14.5% of TURF.

Level by level

Holdings14 in both12.5%
Sector7 Sectors57.6%
Countryby domicile60.0%
Asset classEquity100%

Sector

Sector weights in IGE and TURF, widest gap first
Sector	More in IGEMore in TURF	IGE	TURF
Energy	IGE +40.0 points	74.7%	34.7%
Materials	TURF +27.8 points	22.0%	49.8%
Consumer Staples	TURF +14.5 points	0.0%	14.5%
Consumer Discretionary	IGE +2.2 points	3.0%	0.8%
Health Care	IGE +0.2 points	0.2%	0.0%
Utilities	TURF +0.1 points	0.0%	0.1%
Industrials	Same weight	0.1%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in IGE and TURF, widest gap first
Country	More in IGEMore in TURF	IGE	TURF
United States	IGE +40.0 points	76.7%	36.7%
United Kingdom	TURF +8.4 points	0.0%	8.4%
Canada	TURF +7.0 points	23.3%	30.3%
Australia	TURF +6.0 points	0.0%	6.0%
Norway	TURF +4.9 points	0.0%	4.9%
China	TURF +3.8 points	0.0%	3.8%
Finland	TURF +2.2 points	0.0%	2.2%
Brazil	TURF +2.1 points	0.0%	2.1%
Other countries (5)	TURF +5.6 points	0.0%	5.6%

Outside the US: TURF 88% developed, 12% emerging.

Concentration

Weight in the 10 largest Holdings

IGE45.3%
TURF37.4%

Securities held

IGE149
TURF89

Asset class

IGE: Equity
TURF: Equity

Holdings

Only in IGE135
In both14
Only in TURF75

Only in IGE

135 securities, 77.0% of IGE by weight

Exxonmobil Holdings Corp11.35%
Marathon Petroleum2.97%
Canadian Natural Resources Ltd2.75%
Valero Energy Corp2.74%
Phillips 662.68%
Newmont2.67%
Enbridge2.61%
Suncor Energy Inc2.21%
Williams2.16%
Eog Resources2.07%
Agnico Eagle Mines1.99%
Slb1.90%
Cheniere Energy1.62%
Targa Resources1.61%
Tc Energy1.60%
Kinder Morgan1.58%
Oneok1.46%
Barrick Mining1.45%
Crh Public Limited PLC1.44%
Devon Energy1.36%
Baker Hughes Class A1.30%
Wheaton Precious Metals1.26%
Franco Nevada1.03%
Cenovus Energy1.02%
Cameco0.80%
Martin Marietta Materials0.77%
Halliburton0.72%
Pembina Pipeline0.71%
Teck Resources Subordinate Voting0.70%
Technipfmc PLC0.64%
Kinross Gold0.57%
Packaging Corp of America0.54%
Smurfit Westrock PLC0.54%
Amcor PLC0.52%
Amrize AG0.50%
Expand Energy0.50%
Imperial Oil Ltd0.49%
Ovintiv0.48%
Texas Pacific Land0.46%
Royal Gold0.46%
International Paper0.46%
Apa0.44%
Hf Sinclair0.42%
Ball Corp0.42%
Pan American Silver0.38%
Avery Dennison Corp0.33%
Coeur Mining0.32%
Antero Resources0.31%
Crown Holdings Inc0.30%
Dt Midstream0.30%

Only in TURF

75 securities, 88.0% of TURF by weight

Exxonmobil Holdings Corp Common Stock5.80%
Shell PLC Common Stock EUR.075.13%
Bhp Group Ltd Common Stock4.00%
Nutrien Ltd Common Stock3.86%
Archer Daniels Midland Co Common Stock3.26%
Yuan Renminbi Offshore3.15%
Canadian Natural Resources Common Stock3.03%
Suncor Energy Inc Common Stock2.78%
Agnico Eagle Mines Ltd Common Stock2.62%
Tyson Foods Inc Class A Common Stock USD.12.28%
Cf Industries Holdings Inc Common Stock USD.012.06%
Mowi Asa Common Stock NOK7.52.01%
Totalenergies SE Common Stock EUR2.51.94%
Cenovus Energy Inc Common Stock1.90%
Glencore PLC Common Stock USD.011.89%
Muyuan Foods Group Co Ltd A Common Stock CNY1.01.86%
Franco Nevada Corp Common Stock1.59%
Salmar Asa Common Stock NOK.251.50%
Bunge Global SA Common Stock USD.011.45%
Upm Kymmene Oyj Common Stock1.44%
Rio Tinto PLC Common Stock GBP.11.33%
Ovintiv Inc Common Stock1.32%
Cameco Corp Common Stock1.31%
United Plantations Bhd Common Stock1.22%
West Fraser Timber Co Ltd Common Stock1.20%
Vylor Inc Common Stock USD.011.19%
Petrobras Petroleo Bras Pr Preference1.15%
Zijin Mining Group Co Ltd A Common Stock CNY.11.14%
Mosaic Co/The Common Stock USD.011.14%
Wheaton Precious Metals Corp Common Stock1.10%
First Quantum Minerals Ltd Common Stock0.98%
Headwater Exploration Inc Common Stock0.91%
Tourmaline Oil Corp Common Stock0.86%
Southern Copper Corp Common Stock USD.010.81%
Anglo American PLC Common Stock0.81%
Skeena Resources Ltd Common Stock0.80%
Kelt Exploration Ltd Common Stock0.76%
Santos Ltd Common Stock0.76%
Ufp Industries Inc Common Stock0.74%
Kinross Gold Corp Common Stock0.73%
Artemis Gold Inc Common Stock0.73%
Yara International Asa Common Stock NOK1.70.72%
Stora Enso Oyj R Shs Common Stock EUR1.70.71%
G Mining Venture Corp Common Stock0.70%
Baytex Energy Corp Common Stock0.69%
Equinor Asa Common Stock NOK2.50.65%
Muyuan Foods Group Co Ltd H Common Stock CNY1.00.64%
Tamarack Valley Energy Ltd Common Stock0.59%
Sabic Agri Nutrients Co Common Stock SAR10.00.56%
Emerald Resources Nl Common Stock0.56%

Weight gaps

All 14 Holdings in both funds, largest gap first.

Holding weights in IGE and TURF, widest gap first
Holding	More in IGEMore in TURF	IGE	TURF
ChevronCVX	IGE +7.14 points	10.96%	3.82%
ConocophillipsCOP	IGE +1.78 points	4.40%	2.62%
Range ResourcesRRC	TURF +0.50 points	0.30%	0.80%
Knife River CorpKNF	TURF +0.49 points	0.08%	0.57%
Uranium EnergyUEC	TURF +0.49 points	0.09%	0.58%
Occidental Petroleum CorpOXY	IGE +0.45 points	1.11%	0.66%
Vulcan MaterialsVMC	IGE +0.34 points	0.87%	0.53%
EqtEQT	IGE +0.29 points	0.82%	0.53%
Diamondback EnergyFANG	IGE +0.25 points	1.03%	0.78%
Freeport Mcmoran IncFCX	TURF +0.25 points	2.13%	2.38%
Mp Materials Class AMP	TURF +0.16 points	0.14%	0.30%
Permian Resources Class APR	TURF +0.07 points	0.52%	0.59%
Usa Rare Earth Class AUSAR	TURF +0.06 points	0.05%	0.11%
Equinox Gold	IGE +0.06 points	0.27%	0.21%

All 149 IGE holdings⁠All 82 TURF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IGE vs TURF Cost

Overpaying TURF vs IGE

$1,339

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IGE 0.37%
$7,513
TURF 0.44%
$8,852

Amount$10,000

Years30 years

Cost over time

IGE 0.37%
TURF 0.44%
Overpaying

Year by year

Year	IGE	TURF	Overpaying
10	$670	$794	$124
20	$2,590	$3,061	$471
30	$7,513	$8,852	$1,339

Expense ratio

0.37%IGE, cheaper
0.44%TURF

IGE0.37%TURF0.44%

0.35%0.79%

Middle half of Natural Resources funds
Median 0.46%

IGE 2nd cheapest of 14 funds

TURF 6th cheapest of 14 funds

IGE vs TURF Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IGE 1.85%; TURF No data
Payout (12M): IGE $1.20; TURF No data
Last payment: IGE $0.32; TURF $0.43
Ex-dividend: IGE Sep 15, 2026; TURF Dec 23, 2025
Paid on: IGE Sep 18, 2026; TURF Dec 26, 2025
Frequency: IGE Quarterly; TURF Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

IGEQuarterly · 39 paymentsAll IGE payments⁠

TURFIrregular · 1 paymentAll TURF payments⁠

IGE vs TURF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IGE 17.9%TURF 19.7%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: IGE 0.93TURF 1.08since Jul 2025
Worst fallMax drawdown, 5 years: IGE −25.7%TURF −13.2%since Jun 2025
Market sensitivityBeta, 5 years: IGE 0.30TURF −0.07; Market = 1

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