CTEK.L vs. URNG.L
CTEK.L (Global X CleanTech UCITS ETF USD (Acc)) and URNG.L (Global X Uranium UCITS ETF USD Accumulating) are both exchange-traded funds - CTEK.L is a Alternative Energy Equities fund tracking the Indxx Global CleanTech v2 Index, while URNG.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components. Both are passively managed. Over the past 3 years, CTEK.L returned -5.57%/yr vs 29.59%/yr for URNG.L. A 0.55 correlation means they provide meaningful diversification when combined. CTEK.L charges 0.50%/yr vs 0.65%/yr for URNG.L.
Performance
CTEK.L vs. URNG.L - Performance Comparison
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Different Trading Currencies
CTEK.L is traded in USD, while URNG.L is traded in GBP. To make them comparable, the URNG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CTEK.L achieves a 11.69% return, which is significantly higher than URNG.L's -3.43% return.
CTEK.L
- 1D
- -0.57%
- 1M
- -13.91%
- 6M
- 0.34%
- YTD
- 11.69%
- 1Y
- 48.73%
- 3Y*
- -5.57%
- 5Y*
- —
- 10Y*
- —
URNG.L
- 1D
- 0.00%
- 1M
- -14.42%
- 6M
- -21.08%
- YTD
- -3.43%
- 1Y
- 11.84%
- 3Y*
- 29.59%
- 5Y*
- —
- 10Y*
- —
CTEK.L vs. URNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CTEK.L Global X CleanTech UCITS ETF USD (Acc) | 11.69% | 53.41% | -33.55% | -21.76% | -2.69% |
URNG.L Global X Uranium UCITS ETF USD Accumulating | -3.43% | 70.46% | 1.25% | 37.77% | -43.19% |
Correlation
The correlation between CTEK.L and URNG.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2022 | 0.55 |
The correlation between CTEK.L and URNG.L shifts across timeframes, from 0.53 (3 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CTEK.L vs. URNG.L — Risk / Return Rank
CTEK.L
URNG.L
CTEK.L vs. URNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) and Global X Uranium UCITS ETF USD Accumulating (URNG.L). 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.
| CTEK.L | URNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.35 | +1.57 |
| Martin ratioReturn relative to average drawdown | 5.45 | 0.73 | +4.72 |
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Drawdowns
CTEK.L vs. URNG.L - Drawdown Comparison
The maximum CTEK.L drawdown since its inception was -73.85%, which is greater than URNG.L's maximum drawdown of -49.78%. Use the drawdown chart below to compare losses from any high point for CTEK.L and URNG.L.
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Drawdown Indicators
| CTEK.L | URNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.85% | -49.78% | -24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -26.44% | -34.12% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -63.73% | -38.37% | -25.36% |
Current DrawdownCurrent decline from peak | -40.61% | -31.48% | -9.13% |
Average DrawdownAverage peak-to-trough decline | -44.62% | -24.54% | -20.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 16.32% | -6.98% |
Volatility
CTEK.L vs. URNG.L - Volatility Comparison
Global X CleanTech UCITS ETF USD (Acc) (CTEK.L) has a higher volatility of 13.41% compared to Global X Uranium UCITS ETF USD Accumulating (URNG.L) at 10.60%. This indicates that CTEK.L's price experiences larger fluctuations and is considered to be riskier than URNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEK.L | URNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 10.60% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 28.55% | 36.13% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.49% | 50.88% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.95% | 43.17% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.95% | 43.17% | -6.22% |
CTEK.L vs. URNG.L - Expense Ratio Comparison
CTEK.L has a 0.50% expense ratio, which is lower than URNG.L's 0.65% expense ratio.
Dividends
CTEK.L vs. URNG.L - Dividend Comparison
Neither CTEK.L nor URNG.L has paid dividends to shareholders.
Frequently Asked Questions
CTEK.L and URNG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CTEK.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEK.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNG.L.
CTEK.L is categorized as Alternative Energy Equities, while URNG.L is Uranium. CTEK.L tracks Indxx Global CleanTech v2 Index, while URNG.L tracks Solactive Global Uranium & Nuclear Components. Their fees differ too: 0.50% for CTEK.L and 0.65% for URNG.L.
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