Summary
T. Rowe Price Natural Resources ETF is an ETF - a fund traded on an exchange like a stock - run by T. Rowe. Positions inside: 96. The ten largest make up 37% of the fund.
- Yearly costs
- 0.44%
- Fund size
- $348.0M
- Positions
- 96
- Dividend yield
- 1.26%
- Running since
- 2025
What speaks for it
Nothing stands out in its favour.
What to watch
- 50% of the fund is in one sector (Basic materials).
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.4%
- 3 months
- +8.2%
- This year
- +19%
- 1 year
- +26%
- Avg. market cap
- $128.8B
- P/E
- 16.8x
- Forward P/E
- 13.8x
- P/S
- 1.4x
- P/B
- 2.1x
- P/FCF
- 16.3x
- EV/EBITDA
- 8.0x
- Dividend yield
- 1.56%
- ROIC
- 9.3%
- ROE
- 12.1%
- Gross margin
- 33.6%
- Operating margin
- 20.3%
- Net margin
- 10.8%
- Payout ratio
- 26.3%
- Net debt/EBITDA
- 1.0x
- Beta
- -0.07
Weighted average of the 50 largest companies, which make up 78% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 XOExxonmobil Holdings Corporation XOM.MX 5.4%
- 2 SHELL PLC COMMON STOCK EUR.07 4.8%
- 3 BHBHP Group Limited BHP.AX 4.1%
- 4 NTNutrien Ltd. NTR.TO 3.8%
- 5 CVChevron CVX 3.5%
- 6 ADArcher-Daniels-Midland Company ADM 3.5%
- 7 YUAN RENMINBI OFFSHORE 3.1%
- 8 AEAgnico Eagle Mines Limited AEM.TO 2.9%
- 9 CNCanadian Natural Resources Limited CNQ.TO 2.8%
- 10 FCFreeport-McMoRan Inc. FCX 2.6%
Positions in the fund: 96. The ten largest make up 37% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Basic materials 50%
- Energy 35%
- Consumer defensive 15%
- Consumer cyclical 0.8%
- Utilities 0.1%
- Other 0.08%
By country
- United States 35%
- Canada 30%
- United Kingdom 8.1%
- Australia 5.8%
- Other countries 20%
By company size
- Mega cap 17%
- Large cap 63%
- Mid cap 18%
- Small cap 2.8%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 87% of the fund.
Largest sector: Basic materials (50%). Largest country: United States (35%). Largest size group: Large cap (63%).
What does it cost me?
Usual costs- A year from $10,000
- $44.00
- Over 20 years
- $2,137
From every $10,000 invested the fund takes $44.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,137.
How has it done?
Growing over the long run- Over the last year
- +26%
- Deepest drop
- -13%
- Yearly volatility
- 18%
Growth over the last year: 26%. Deepest drop in these years: 13% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.26%
- Last payment
- $0.43
Over the last 12 months it paid $0.43 per share, which is 1.26% of today's price. The last payment was $0.43 on Dec 23, 2025.
Is it easy to buy and sell?
Yes- Traded a day
- $2.55M
- Shares a day
- 74K
On an average day about $2.55M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.8
- Average Bulios Score
- 63 out of 100
Weight by Bulios Fair Price
- Undervalued 33%
- Fairly valued 6.9%
- Overvalued 60%
On average the companies inside trade for 16.8 times their yearly profit. By Fair Price, 60% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 78% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
GU GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF | United States | 0.47% | $7.15B | +26% | Pays out | 53% |
FF FFGCX Fidelity Global Commodity Stock Fund· mutual fund | - | - | $1.52B | +33% | Pays out | 42% |
GN GNR State Street SPDR S&P Global Natural Resources ETF | United States | 0.40% | $5.27B | +31% | Pays out | 34% |
NA NANR State Street SPDR S&P North American Natural Resources ETF | United States | 0.35% | $847.1M | +39% | Pays out | 33% |
CS CSNR Cohen & Steers Natural Resources Active ETF | United States | 0.50% | $62.6M | +29% | Pays out | 33% |
NR NRES Xtrackers RREEF Global Natural Resources ETF | United States | 0.45% | $36.4M | +28% | Pays out | 30% |