DNN vs. URNM
Compare and contrast key facts about Denison Mines Corp. (DNN) and NorthShore Global Uranium Mining ETF (URNM).
URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DNN or URNM.
Key characteristics
| DNN | URNM | |
|---|---|---|
| YTD Return | 15.25% | -4.89% |
| 1Y Return | 28.30% | 4.36% |
| 3Y Return (Ann) | 1.18% | 0.55% |
| Sharpe Ratio | 0.55 | 0.14 |
| Sortino Ratio | 1.17 | 0.50 |
| Omega Ratio | 1.14 | 1.06 |
| Calmar Ratio | 0.35 | 0.15 |
| Martin Ratio | 1.75 | 0.33 |
| Ulcer Index | 17.11% | 16.67% |
| Daily Std Dev | 54.37% | 40.26% |
| Max Drawdown | -98.06% | -42.55% |
| Current Drawdown | -80.19% | -21.94% |
Correlation
The correlation between DNN and URNM is 0.80, 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
DNN vs. URNM - Performance Comparison
In the year-to-date period, DNN achieves a 15.25% return, which is significantly higher than URNM's -4.89% 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
DNN vs. URNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp. (DNN) and NorthShore Global Uranium Mining 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.
Dividends
DNN vs. URNM - Dividend Comparison
DNN has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.81%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
DNN Denison Mines Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM NorthShore Global Uranium Mining ETF | 3.81% | 3.63% | 0.00% | 6.70% | 2.57% |
Drawdowns
DNN vs. URNM - Drawdown Comparison
The maximum DNN drawdown since its inception was -98.06%, which is greater than URNM's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for DNN and URNM. For additional features, visit the drawdowns tool.
Volatility
DNN vs. URNM - Volatility Comparison
Denison Mines Corp. (DNN) has a higher volatility of 17.49% compared to NorthShore Global Uranium Mining ETF (URNM) at 10.12%. This indicates that DNN's price experiences larger fluctuations and is considered to be riskier than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.