0883.HK vs. URNM

Last updated Apr 4, 2026

Compare and contrast key facts about CNOOC Ltd (0883.HK) and NorthShore Global Uranium Mining ETF (URNM).

URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019.

Performance

0883.HK vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in CNOOC Ltd (0883.HK) and NorthShore Global Uranium Mining ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

0883.HK vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
0883.HK CNOOC Ltd	26.85%	19.77%	57.91%	44.90%	46.98%	19.64%	-40.48%	16.13%
URNM NorthShore Global Uranium Mining ETF	16.34%	41.05%	-14.57%	57.79%	-11.71%	79.29%	67.61%	3.17%

Different Trading Currencies

0883.HK is traded in HKD, while URNM is traded in USD. To make them comparable, the URNM values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 0883.HK achieves a 26.85% return, which is significantly higher than URNM's 16.34% return.

0883.HK

• 1D: 0.22%
• 1M: -0.22%
• YTD: 26.85%
• 6M: 43.34%
• 1Y: 57.54%
• 3Y*: 42.70%
• 5Y*: 40.18%
• 10Y*: 20.44%

URNM

• 1D: -0.71%
• 1M: -10.41%
• YTD: 16.34%
• 6M: 10.61%
• 1Y: 109.40%
• 3Y*: 30.61%
• 5Y*: 20.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

0883.HK vs. URNM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

0883.HK

0883.HK Risk / Return Rank: 85
0883.HK Sharpe Ratio Rank: 88
0883.HK Sortino Ratio Rank: 81
0883.HK Omega Ratio Rank: 85
0883.HK Calmar Ratio Rank: 84
0883.HK Martin Ratio Rank: 87

URNM

URNM Risk / Return Rank: 82
URNM Sharpe Ratio Rank: 89
URNM Sortino Ratio Rank: 89
URNM Omega Ratio Rank: 78
URNM Calmar Ratio Rank: 87
URNM Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

0883.HK vs. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNOOC Ltd (0883.HK) and NorthShore Global Uranium Mining ETF (URNM). 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.

	0883.HK	URNM	Difference
Sharpe ratio Return per unit of total volatility	1.81	2.00	-0.19
Sortino ratio Return per unit of downside risk	2.22	2.58	-0.36
Omega ratio Gain probability vs. loss probability	1.34	1.32	+0.03
Calmar ratio Return relative to maximum drawdown	3.15	3.38	-0.23
Martin ratio Return relative to average drawdown	9.80	9.19	+0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

0883.HK vs. URNM - Sharpe Ratio Comparison

The current 0883.HK Sharpe Ratio is 1.81, which is comparable to the URNM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of 0883.HK and URNM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	0883.HK	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	2.00	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.37	0.43	+0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.71	-0.21

Correlation

The correlation between 0883.HK and URNM is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

0883.HK vs. URNM - Dividend Comparison

0883.HK's dividend yield for the trailing twelve months is around 5.14%, more than URNM's 2.75% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
0883.HK CNOOC Ltd	5.14%	6.53%	7.32%	10.31%	18.84%	6.85%	9.05%	5.63%	4.96%	3.83%	3.81%	7.06%
URNM NorthShore Global Uranium Mining ETF	2.75%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

0883.HK vs. URNM - Drawdown Comparison

The maximum 0883.HK drawdown since its inception was -74.17%, which is greater than URNM's maximum drawdown of -50.96%. Use the drawdown chart below to compare losses from any high point for 0883.HK and URNM.

Drawdown Indicators

	0883.HK	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-74.17%	-50.78%	-23.39%
Max Drawdown (1Y) Largest decline over 1 year	-15.29%	-30.79%	+15.50%
Max Drawdown (5Y) Largest decline over 5 years	-30.80%	-50.78%	+19.98%
Max Drawdown (10Y) Largest decline over 10 years	-56.59%	—	—
Current Drawdown Current decline from peak	-11.41%	-24.50%	+13.09%
Average Drawdown Average peak-to-trough decline	-20.31%	-17.89%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	11.29%	-5.54%

Volatility

0883.HK vs. URNM - Volatility Comparison

The current volatility for CNOOC Ltd (0883.HK) is 11.96%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 16.89%. This indicates that 0883.HK experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	0883.HK	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.96%	16.89%	-4.93%
Volatility (6M) Calculated over the trailing 6-month period	23.17%	40.50%	-17.33%
Volatility (1Y) Calculated over the trailing 1-year period	30.94%	51.63%	-20.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.19%	47.95%	-17.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.46%	46.74%	-14.28%