AM vs. URNM
AM (Antero Midstream Corporation) is a stock, while URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index. Over the past 5 years, AM returned 24.98%/yr vs 15.05%/yr for URNM. At a 0.34 correlation, their price movements are largely independent.
Performance
AM vs. URNM - Performance Comparison
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Returns By Period
In the year-to-date period, AM achieves a 27.68% return, which is significantly higher than URNM's 1.46% return.
AM
- 1D
- 1.65%
- 1M
- 0.18%
- YTD
- 27.68%
- 6M
- 25.77%
- 1Y
- 26.85%
- 3Y*
- 35.17%
- 5Y*
- 24.98%
- 10Y*
- 7.74%
URNM
- 1D
- -0.87%
- 1M
- -4.35%
- YTD
- 1.46%
- 6M
- -1.45%
- 1Y
- 24.41%
- 3Y*
- 23.19%
- 5Y*
- 15.05%
- 10Y*
- —
AM vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 27.68% | 24.37% | 28.46% | 25.73% | 21.98% | 39.55% | 27.59% | 72.11% |
URNM Sprott Uranium Miners ETF | 1.46% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
Correlation
The correlation between AM and URNM is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.34 |
Over the past year, the correlation between AM and URNM has dropped to 0.04 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
AM vs. URNM — Risk / Return Rank
AM
URNM
AM vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Antero Midstream Corporation (AM) and Sprott Uranium Miners 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AM | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 0.63 | +1.50 |
| Martin ratioReturn relative to average drawdown | 4.29 | 1.48 | +2.81 |
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Drawdowns
AM vs. URNM - Drawdown Comparison
The maximum AM drawdown since its inception was -93.01%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for AM and URNM.
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Drawdown Indicators
| AM | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.01% | -50.78% | -42.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.67% | -38.72% | +26.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -50.78% | +36.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -50.78% | +28.87% |
Max Drawdown (10Y)Largest decline over 10 years | -93.01% | — | — |
Current DrawdownCurrent decline from peak | -4.91% | -33.69% | +28.78% |
Average DrawdownAverage peak-to-trough decline | -31.82% | -18.14% | -13.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.27% | 16.54% | -10.27% |
Volatility
AM vs. URNM - Volatility Comparison
The current volatility for Antero Midstream Corporation (AM) is 5.69%, while Sprott Uranium Miners ETF (URNM) has a volatility of 17.96%. This indicates that AM 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.
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Volatility by Period
| AM | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 17.96% | -12.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 41.68% | -27.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 52.32% | -31.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 48.56% | -22.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.92% | 47.03% | -5.11% |
Dividends
AM vs. URNM - Dividend Comparison
AM's dividend yield for the trailing twelve months is around 4.05%, more than URNM's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AM Antero Midstream Corporation | 4.05% | 5.06% | 5.96% | 7.18% | 8.34% | 10.15% | 15.95% | 18.28% | 7.53% | 4.27% | 3.14% | 2.93% |
URNM Sprott Uranium Miners ETF | 3.13% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AM and URNM have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNM has higher volatility (17.96%) compared to AM (5.69%). In terms of maximum drawdown, AM dropped -93.01% vs URNM's -50.78%.
AM currently has the higher Sharpe Ratio (1.29 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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