DMAD.L vs. URNU.L
DMAD.L (Global X Disruptive Materials UCITS ETF USD (Dist)) and URNU.L (Global X Uranium UCITS ETF USD Acc) are both exchange-traded funds - DMAD.L is a Commodity Producers Equities fund tracking the Solactive Disruptive Materials V2 Index, while URNU.L is a Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return v2 Index. Both are passively managed. Over the past 3 years, DMAD.L returned 12.17%/yr vs 27.78%/yr for URNU.L. A 0.52 correlation means they provide meaningful diversification when combined. DMAD.L charges 0.50%/yr vs 0.65%/yr for URNU.L.
Performance
DMAD.L vs. URNU.L - Performance Comparison
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Different Trading Currencies
DMAD.L is traded in GBP, while URNU.L is traded in USD. To make them comparable, the URNU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DMAD.L achieves a -3.50% return, which is significantly higher than URNU.L's -5.45% return.
DMAD.L
- 1D
- -1.99%
- 1M
- -17.67%
- 6M
- -16.23%
- YTD
- -3.50%
- 1Y
- 52.53%
- 3Y*
- 12.17%
- 5Y*
- —
- 10Y*
- —
URNU.L
- 1D
- -3.11%
- 1M
- -16.87%
- 6M
- -22.96%
- YTD
- -5.45%
- 1Y
- 9.03%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
DMAD.L vs. URNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist) | -3.50% | 83.26% | -5.93% | -23.95% | -12.91% |
URNU.L Global X Uranium UCITS ETF USD Acc | -5.45% | 58.36% | 2.96% | 32.91% | -6.22% |
Correlation
The correlation between DMAD.L and URNU.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.52 |
The correlation between DMAD.L and URNU.L has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
DMAD.L vs. URNU.L — Risk / Return Rank
DMAD.L
URNU.L
DMAD.L vs. URNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) and Global X Uranium UCITS ETF USD Acc (URNU.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.
| DMAD.L | URNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.28 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.38 | 0.59 | +4.79 |
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Drawdowns
DMAD.L vs. URNU.L - Drawdown Comparison
The maximum DMAD.L drawdown since its inception was -47.80%, which is greater than URNU.L's maximum drawdown of -39.27%. Use the drawdown chart below to compare losses from any high point for DMAD.L and URNU.L.
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Drawdown Indicators
| DMAD.L | URNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.80% | -39.27% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -26.86% | -31.57% | +4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -34.78% | -39.27% | +4.49% |
Current DrawdownCurrent decline from peak | -26.86% | -31.46% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -24.26% | -12.70% | -11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.93% | 15.18% | -5.25% |
Volatility
DMAD.L vs. URNU.L - Volatility Comparison
The current volatility for Global X Disruptive Materials UCITS ETF USD (Dist) (DMAD.L) is 9.63%, while Global X Uranium UCITS ETF USD Acc (URNU.L) has a volatility of 10.37%. This indicates that DMAD.L experiences smaller price fluctuations and is considered to be less risky than URNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DMAD.L | URNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 10.37% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 28.03% | 35.11% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.51% | 50.42% | -15.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 40.33% | -11.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.20% | 40.33% | -11.13% |
DMAD.L vs. URNU.L - Expense Ratio Comparison
DMAD.L has a 0.50% expense ratio, which is lower than URNU.L's 0.65% expense ratio.
Dividends
DMAD.L vs. URNU.L - Dividend Comparison
DMAD.L's dividend yield for the trailing twelve months is around 0.91%, while URNU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DMAD.L Global X Disruptive Materials UCITS ETF USD (Dist) | 0.91% | 0.74% | 2.38% | 1.32% |
URNU.L Global X Uranium UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DMAD.L and URNU.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DMAD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DMAD.L is cheaper with a 0.50% expense ratio, compared with 0.65% for URNU.L.
DMAD.L is categorized as Commodity Producers Equities, while URNU.L is Uranium. DMAD.L tracks Solactive Disruptive Materials V2 Index, while URNU.L tracks Solactive Global Uranium & Nuclear Components Total Return v2 Index. Their fees differ too: 0.50% for DMAD.L and 0.65% for URNU.L.
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