CCJ vs. URA
Compare and contrast key facts about Cameco Corporation (CCJ) and Global X Uranium ETF (URA).
URA is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components Index. It was launched on Nov 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCJ or URA.
Key characteristics
| CCJ | URA | |
|---|---|---|
| YTD Return | 12.34% | 10.33% |
| 1Y Return | 80.89% | 67.96% |
| 3Y Return (Ann) | 38.26% | 18.72% |
| 5Y Return (Ann) | 35.40% | 24.22% |
| 10Y Return (Ann) | 10.30% | 3.33% |
| Sharpe Ratio | 2.10 | 2.10 |
| Daily Std Dev | 38.25% | 32.40% |
| Max Drawdown | -87.86% | -93.54% |
| Current Drawdown | -4.23% | -67.81% |
Correlation
The correlation between CCJ and URA is 0.77, 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.
Performance
CCJ vs. URA - Performance Comparison
In the year-to-date period, CCJ achieves a 12.34% return, which is significantly higher than URA's 10.33% return. Over the past 10 years, CCJ has outperformed URA with an annualized return of 10.30%, while URA has yielded a comparatively lower 3.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CCJ vs. URA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cameco Corporation (CCJ) and Global X Uranium ETF (URA). 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.
Dividends
CCJ vs. URA - Dividend Comparison
CCJ's dividend yield for the trailing twelve months is around 0.18%, less than URA's 5.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCJ Cameco Corporation | 0.18% | 0.20% | 0.39% | 0.29% | 0.46% | 0.68% | 0.53% | 3.37% | 2.88% | 2.49% | 2.19% | 1.85% |
URA Global X Uranium ETF | 5.50% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
Drawdowns
CCJ vs. URA - Drawdown Comparison
The maximum CCJ drawdown since its inception was -87.86%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for CCJ and URA. For additional features, visit the drawdowns tool.
Volatility
CCJ vs. URA - Volatility Comparison
Cameco Corporation (CCJ) has a higher volatility of 11.84% compared to Global X Uranium ETF (URA) at 10.04%. This indicates that CCJ's price experiences larger fluctuations and is considered to be riskier than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.