CLF.TO vs. URA
CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) and URA (Global X Uranium ETF) are both exchange-traded funds - CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while URA is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Both are passively managed. Over the past 10 years, CLF.TO returned 1.81%/yr vs 17.62%/yr for URA. At a correlation of -0.07, they often move in opposite directions. CLF.TO charges 0.17%/yr vs 0.69%/yr for URA.
Performance
CLF.TO vs. URA - Performance Comparison
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Different Trading Currencies
CLF.TO is traded in CAD, while URA is traded in USD. To make them comparable, the URA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLF.TO achieves a 0.91% return, which is significantly lower than URA's 19.29% return. Over the past 10 years, CLF.TO has underperformed URA with an annualized return of 1.81%, while URA has yielded a comparatively higher 17.62% annualized return.
CLF.TO
- 1D
- 0.09%
- 1M
- 0.73%
- YTD
- 0.91%
- 6M
- 0.70%
- 1Y
- 2.48%
- 3Y*
- 4.19%
- 5Y*
- 1.74%
- 10Y*
- 1.81%
URA
- 1D
- -0.12%
- 1M
- -5.25%
- YTD
- 19.29%
- 6M
- 6.71%
- 1Y
- 61.96%
- 3Y*
- 40.07%
- 5Y*
- 24.83%
- 10Y*
- 17.62%
CLF.TO vs. URA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 0.91% | 3.36% | 4.82% | 4.58% | -3.98% | -1.27% | 5.53% | 3.97% | 1.68% | -0.49% |
URA Global X Uranium ETF | 19.29% | 59.51% | 7.96% | 43.02% | -5.00% | 56.15% | 38.94% | -8.28% | -15.50% | 11.76% |
Correlation
The correlation between CLF.TO and URA is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2010 | -0.07 |
The correlation between CLF.TO and URA shifts across timeframes, from -0.07 (all time) to 0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLF.TO vs. URA — Risk / Return Rank
CLF.TO
URA
CLF.TO vs. URA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) 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.
| CLF.TO | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.21 | -0.42 |
| Martin ratioReturn relative to average drawdown | 5.18 | 4.70 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLF.TO | URA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.27 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.61 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.50 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.01 | +0.71 |
Drawdowns
CLF.TO vs. URA - Drawdown Comparison
The maximum CLF.TO drawdown since its inception was -6.91%, smaller than the maximum URA drawdown of -90.50%. Use the drawdown chart below to compare losses from any high point for CLF.TO and URA.
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Drawdown Indicators
| CLF.TO | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.91% | -90.50% | +83.59% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -28.13% | +26.75% |
Max Drawdown (3Y)Largest decline over 3 years | -1.42% | -35.85% | +34.43% |
Max Drawdown (5Y)Largest decline over 5 years | -6.80% | -35.85% | +29.05% |
Max Drawdown (10Y)Largest decline over 10 years | -6.91% | -57.17% | +50.26% |
Current DrawdownCurrent decline from peak | -0.26% | -19.66% | +19.40% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -69.54% | +68.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 13.21% | -12.73% |
Volatility
CLF.TO vs. URA - Volatility Comparison
The current volatility for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) is 0.72%, while Global X Uranium ETF (URA) has a volatility of 15.66%. This indicates that CLF.TO experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLF.TO | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.72% | 15.66% | -14.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 37.30% | -35.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.04% | 48.99% | -46.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 41.18% | -38.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.37% | 35.38% | -32.01% |
CLF.TO vs. URA - Expense Ratio Comparison
CLF.TO has a 0.17% expense ratio, which is lower than URA's 0.69% expense ratio.
Dividends
CLF.TO vs. URA - Dividend Comparison
CLF.TO's dividend yield for the trailing twelve months is around 2.25%, less than URA's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.81% | 3.93% | 2.67% | 2.91% | 3.12% | 3.29% |
URA Global X Uranium ETF | 4.15% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
CLF.TO and URA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLF.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLF.TO is cheaper with a 0.17% expense ratio, compared with 0.69% for URA.
CLF.TO is categorized as Canadian Government Bonds, while URA is Commodity Producers Equities. CLF.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while URA tracks Solactive Global Uranium & Nuclear Components Total Return Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.17% for CLF.TO and 0.69% for URA.
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