URNM vs. CCJ

In the year-to-date period, URNM achieves a 16.36% return, which is significantly lower than CCJ's 21.47% return.

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

The current URNM Sharpe Ratio is 2.01, which is lower than the CCJ Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of URNM and CCJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The correlation between URNM and CCJ is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

URNM's dividend yield for the trailing twelve months is around 2.73%, more than CCJ's 0.15% yield.

The maximum URNM drawdown since its inception was -50.78%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for URNM and CCJ.

NorthShore Global Uranium Mining ETF (URNM) and Cameco Corporation (CCJ) have volatilities of 17.16% and 16.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.