ARCNX vs. U-UN.TO

Last updated Jun 24, 2026

ARCNX (AQR Risk-Balanced Commodities Strategy Fund Class N) and U-UN.TO (Sprott Physical Uranium Trust Fund) are both mutual funds - ARCNX is a Commodities fund managed by AQR, while U-UN.TO is a Uranium fund actively managed by Sprott. Over the past 10 years, ARCNX returned 10.93%/yr vs 19.57%/yr for U-UN.TO. At a 0.16 correlation, their price movements are largely independent. ARCNX charges 1.28%/yr vs 0.60%/yr for U-UN.TO.

Performance

ARCNX vs. U-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and Sprott Physical Uranium Trust Fund (U-UN.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARCNX is traded in USD, while U-UN.TO is traded in CAD. To make them comparable, the U-UN.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARCNX achieves a 12.39% return, which is significantly higher than U-UN.TO's -4.68% return. Over the past 10 years, ARCNX has underperformed U-UN.TO with an annualized return of 10.93%, while U-UN.TO has yielded a comparatively higher 19.57% annualized return.

ARCNX

• 1D: -0.68%
• 1M: -7.89%
• YTD: 12.39%
• 6M: 11.57%
• 1Y: 25.84%
• 3Y*: 13.77%
• 5Y*: 14.41%
• 10Y*: 10.93%

U-UN.TO

• 1D: -0.04%
• 1M: -3.90%
• YTD: -4.68%
• 6M: -3.98%
• 1Y: 2.47%
• 3Y*: 12.85%
• 5Y*: 32.62%
• 10Y*: 19.57%

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

ARCNX vs. U-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	12.39%	20.76%	7.19%	-0.50%	20.97%	39.48%	8.11%	17.68%	-17.83%	10.20%
U-UN.TO Sprott Physical Uranium Trust Fund	-4.68%	13.09%	-18.90%	82.87%	6.87%	183.85%	23.27%	-5.01%	-2.30%	19.40%

Correlation

The correlation between ARCNX and U-UN.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 9, 2012	0.16

Return for Risk

ARCNX vs. U-UN.TO — Risk / Return Rank

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

ARCNX

ARCNX Risk / Return Rank: 37
ARCNX Sharpe Ratio Rank: 37
ARCNX Sortino Ratio Rank: 31
ARCNX Omega Ratio Rank: 35
ARCNX Calmar Ratio Rank: 39
ARCNX Martin Ratio Rank: 42

U-UN.TO

U-UN.TO Risk / Return Rank: 4
U-UN.TO Sharpe Ratio Rank: 4
U-UN.TO Sortino Ratio Rank: 4
U-UN.TO Omega Ratio Rank: 4
U-UN.TO Calmar Ratio Rank: 4
U-UN.TO Martin Ratio Rank: 4

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.

ARCNX vs. U-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) and Sprott Physical Uranium Trust Fund (U-UN.TO). 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.

	ARCNX	U-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.07	+1.56
Sortino ratio: Return per unit of downside risk	2.16	0.35	+1.81
Omega ratio: Gain probability vs. loss probability	1.29	1.04	+0.25
Calmar ratio: Return relative to maximum drawdown	2.24	0.11	+2.13
Martin ratio: Return relative to average drawdown	8.39	0.20	+8.19

ARCNX vs. U-UN.TO - Sharpe Ratio Comparison

The current ARCNX Sharpe Ratio is 1.63, which is higher than the U-UN.TO Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of ARCNX and U-UN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARCNX vs. U-UN.TO - Drawdown Comparison

The maximum ARCNX drawdown since its inception was -55.17%, smaller than the maximum U-UN.TO drawdown of -86.49%. Use the drawdown chart below to compare losses from any high point for ARCNX and U-UN.TO.

Drawdown Indicators

	ARCNX	U-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.17%	-86.49%	+31.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-22.88%	+11.77%
Max Drawdown (3Y) Largest decline over 3 years	-13.65%	-49.11%	+35.46%
Max Drawdown (5Y) Largest decline over 5 years	-20.30%	-49.11%	+28.81%
Max Drawdown (10Y) Largest decline over 10 years	-32.80%	-49.11%	+16.31%
Current Drawdown Current decline from peak	-11.11%	-26.04%	+14.93%
Average Drawdown Average peak-to-trough decline	-25.89%	-54.82%	+28.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	12.08%	-9.02%

Volatility

ARCNX vs. U-UN.TO - Volatility Comparison

The current volatility for AQR Risk-Balanced Commodities Strategy Fund Class N (ARCNX) is 4.00%, while Sprott Physical Uranium Trust Fund (U-UN.TO) has a volatility of 7.73%. This indicates that ARCNX experiences smaller price fluctuations and is considered to be less risky than U-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARCNX	U-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	7.73%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	24.42%	-11.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.27%	33.95%	-18.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	52.64%	-33.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	42.69%	-25.27%

ARCNX vs. U-UN.TO - Expense Ratio Comparison

ARCNX has a 1.28% expense ratio, which is higher than U-UN.TO's 0.60% expense ratio.

Dividends

ARCNX vs. U-UN.TO - Dividend Comparison

ARCNX's dividend yield for the trailing twelve months is around 12.07%, while U-UN.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ARCNX AQR Risk-Balanced Commodities Strategy Fund Class N	12.07%	13.57%	1.89%	7.45%	9.45%	18.31%	0.09%	4.98%	0.29%	0.01%	4.69%
U-UN.TO Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARCNX and U-UN.TO in my portfolio?

ARCNX and U-UN.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.