BITQ vs. URNM

Last updated Jun 5, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and URNM (Sprott Uranium Miners ETF) are both exchange-traded funds - BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return, while URNM is a Commodity Producers Equities fund tracking the VettaFi Global Uranium Miners Index. Both are passively managed. Over the past 5 years, BITQ returned 4.91%/yr vs 15.43%/yr for URNM. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

BITQ vs. URNM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and Sprott Uranium Miners ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITQ achieves a 37.93% return, which is significantly higher than URNM's 11.22% return.

BITQ

• 1D: -1.33%
• 1M: 4.84%
• YTD: 37.93%
• 6M: 16.04%
• 1Y: 53.75%
• 3Y*: 60.76%
• 5Y*: 4.91%
• 10Y*: —

URNM

• 1D: -0.67%
• 1M: -5.82%
• YTD: 11.22%
• 6M: 4.99%
• 1Y: 49.43%
• 3Y*: 26.12%
• 5Y*: 15.43%
• 10Y*: —

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

BITQ vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	37.93%	18.00%	46.97%	246.83%	-83.86%	-7.06%
URNM Sprott Uranium Miners ETF	11.22%	40.78%	-14.13%	57.80%	-11.86%	19.01%

Correlation

The correlation between BITQ and URNM is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.44

The correlation between BITQ and URNM shifts across timeframes, from 0.36 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.

BITQ vs. URNM - Sectors Allocation Comparison

Sectors	BITQ	URNM
Financial Services	67.1%	-
Technology	28.1%	-
Consumer Cyclical	4.8%	-
Basic Materials	-	2.6%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	97.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BITQ vs. URNM — Risk / Return Rank

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

BITQ

BITQ Risk / Return Rank: 27
BITQ Sharpe Ratio Rank: 28
BITQ Sortino Ratio Rank: 30
BITQ Omega Ratio Rank: 28
BITQ Calmar Ratio Rank: 26
BITQ Martin Ratio Rank: 22

URNM

URNM Risk / Return Rank: 29
URNM Sharpe Ratio Rank: 28
URNM Sortino Ratio Rank: 30
URNM Omega Ratio Rank: 28
URNM Calmar Ratio Rank: 32
URNM Martin Ratio Rank: 26

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.

BITQ vs. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) 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.

	BITQ	URNM	Difference
Sharpe ratio: Return per unit of total volatility	0.97	0.97	0.00
Sortino ratio: Return per unit of downside risk	1.57	1.60	-0.03
Omega ratio: Gain probability vs. loss probability	1.18	1.19	0.00
Calmar ratio: Return relative to maximum drawdown	1.20	1.55	-0.35
Martin ratio: Return relative to average drawdown	2.53	3.35	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITQ vs. URNM - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 0.97, which is comparable to the URNM Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of BITQ 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

	BITQ	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.97	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.32	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.67	-0.60

Drawdowns

BITQ vs. URNM - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for BITQ and URNM.

Drawdown Indicators

	BITQ	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-50.78%	-39.54%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-32.04%	-12.95%
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	-50.78%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	-50.78%	-39.54%
Current Drawdown Current decline from peak	-15.21%	-27.31%	+12.10%
Average Drawdown Average peak-to-trough decline	-52.77%	-18.03%	-34.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.33%	14.81%	+6.52%

Volatility

BITQ vs. URNM - Volatility Comparison

The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 14.24%, while Sprott Uranium Miners ETF (URNM) has a volatility of 16.06%. This indicates that BITQ 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

	BITQ	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.24%	16.06%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	42.58%	40.27%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	55.93%	51.44%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.18%	48.29%	+18.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.21%	46.89%	+20.32%

BITQ vs. URNM - Expense Ratio Comparison

Both BITQ and URNM have an expense ratio of 0.85%.

Dividends

BITQ vs. URNM - Dividend Comparison

BITQ has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 2.86%.

Position	TTM	2025	2024	2023	2022	2021	2020
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	0.00%
URNM Sprott Uranium Miners ETF	2.86%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Frequently Asked Questions

Can I hold both BITQ and URNM in my portfolio?

BITQ and URNM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITQ or URNM?

URNM has higher volatility (16.06%) compared to BITQ (14.24%). In terms of maximum drawdown, BITQ dropped -90.32% vs URNM's -50.78%.

Which ETF is better, BITQ or URNM?

On 5-year performance, URNM leads with 15.43% vs 4.91% for BITQ. Both ETFs have the same 0.85% expense ratio. On volatility, BITQ has been the lower-risk option at 14.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or URNM?

Over the 5-year period, URNM has performed better with a 15.43% return vs 4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or URNM?

BITQ and URNM have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, BITQ or URNM?

URNM has the higher dividend yield at 2.86%, compared with 0.00% for BITQ.

What is the main difference between BITQ and URNM?

BITQ is categorized as Technology Equities, while URNM is Commodity Producers Equities. BITQ tracks Bitwise Crypto Innovators 30 Total Return, while URNM tracks VettaFi Global Uranium Miners Index. They also come from different issuers: Exchange Traded Concepts and Sprott.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (0.97 vs 0.97), 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.