E vs. URA

Last updated Jun 13, 2026

E (Eni S.p.A.) is a stock, while URA (Global X Uranium ETF) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index. Over the past 10 years, E returned 12.46%/yr vs 15.90%/yr for URA. At a 0.43 correlation, their price movements are largely independent.

Performance

E vs. URA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eni S.p.A. (E) and Global X Uranium ETF (URA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, E achieves a 44.27% return, which is significantly higher than URA's 6.53% return. Over the past 10 years, E has underperformed URA with an annualized return of 12.46%, while URA has yielded a comparatively higher 15.90% annualized return.

E

• 1D: -1.04%
• 1M: -2.55%
• YTD: 44.27%
• 6M: 45.57%
• 1Y: 75.29%
• 3Y*: 32.48%
• 5Y*: 23.85%
• 10Y*: 12.46%

URA

• 1D: 1.54%
• 1M: -14.61%
• YTD: 6.53%
• 6M: 3.57%
• 1Y: 32.44%
• 3Y*: 32.17%
• 5Y*: 18.77%
• 10Y*: 15.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

E vs. URA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
E Eni S.p.A.	44.27%	48.40%	-13.95%	26.73%	10.92%	43.12%	-28.73%	4.29%	-0.98%	7.27%
URA Global X Uranium ETF	6.53%	67.18%	-0.58%	46.25%	-11.32%	57.57%	41.33%	-3.54%	-22.11%	19.36%

Correlation

The correlation between E and URA is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Nov 5, 2010	0.43

Over the past year, the correlation between E and URA has dropped to 0.02 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

E vs. URA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

E

E Risk / Return Rank: 96
E Sharpe Ratio Rank: 97
E Sortino Ratio Rank: 95
E Omega Ratio Rank: 95
E Calmar Ratio Rank: 97
E Martin Ratio Rank: 98

URA

URA Risk / Return Rank: 23
URA Sharpe Ratio Rank: 21
URA Sortino Ratio Rank: 24
URA Omega Ratio Rank: 23
URA Calmar Ratio Rank: 25
URA Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

E vs. URA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eni S.p.A. (E) 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.

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.

	E	URA	Difference
Sharpe ratio: Return per unit of total volatility	3.34	0.64	+2.70
Sortino ratio: Return per unit of downside risk	3.93	1.21	+2.72
Omega ratio: Gain probability vs. loss probability	1.53	1.14	+0.39
Calmar ratio: Return relative to maximum drawdown	8.14	1.04	+7.10
Martin ratio: Return relative to average drawdown	26.54	2.30	+24.23

E vs. URA - Sharpe Ratio Comparison

The current E Sharpe Ratio is 3.34, which is higher than the URA Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of E and URA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

E vs. URA - Drawdown Comparison

The maximum E drawdown since its inception was -70.53%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for E and URA.

Drawdown Indicators

	E	URA	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-93.54%	+23.01%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-31.48%	+22.18%
Max Drawdown (3Y) Largest decline over 3 years	-20.13%	-37.81%	+17.68%
Max Drawdown (5Y) Largest decline over 5 years	-33.71%	-37.90%	+4.19%
Max Drawdown (10Y) Largest decline over 10 years	-61.59%	-61.45%	-0.14%
Current Drawdown Current decline from peak	-6.08%	-48.34%	+42.26%
Average Drawdown Average peak-to-trough decline	-23.07%	-74.94%	+51.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	14.12%	-11.27%

Volatility

E vs. URA - Volatility Comparison

The current volatility for Eni S.p.A. (E) is 6.01%, while Global X Uranium ETF (URA) has a volatility of 17.69%. This indicates that E 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.

Volatility by Period

	E	URA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	17.69%	-11.68%
Volatility (6M) Calculated over the trailing 6-month period	19.56%	39.95%	-20.39%
Volatility (1Y) Calculated over the trailing 1-year period	22.72%	51.24%	-28.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.04%	43.96%	-18.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.30%	37.91%	-9.61%

Dividends

E vs. URA - Dividend Comparison

E's dividend yield for the trailing twelve months is around 4.50%, less than URA's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E Eni S.p.A.	4.50%	5.88%	7.69%	5.74%	6.38%	5.79%	5.91%	6.11%	5.15%	3.96%	3.98%	5.14%
URA Global X Uranium ETF	4.58%	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

Can I hold both E and URA in my portfolio?

E and URA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, E or URA?

URA has higher volatility (17.69%) compared to E (6.01%). In terms of maximum drawdown, E dropped -70.53% vs URA's -93.54%.

Which has better risk-adjusted returns?

E currently has the higher Sharpe Ratio (3.34 vs 0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.