FMTL vs. URAN

Last updated Jun 6, 2026

FMTL (First Trust Indxx Critical Metals ETF) and URAN (Themes Uranium & Nuclear ETF) are both Commodity Producers Equities funds - FMTL tracks the Indxx Global Critical Metals Index while URAN tracks the BITA Global Uranium and Nuclear Select Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. FMTL charges 0.65%/yr vs 0.35%/yr for URAN.

Performance

FMTL vs. URAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Critical Metals ETF (FMTL) and Themes Uranium & Nuclear ETF (URAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTL achieves a 19.55% return, which is significantly higher than URAN's -3.74% return.

FMTL

• 1D: -7.48%
• 1M: -6.16%
• YTD: 19.55%
• 6M: 28.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

URAN

• 1D: -7.43%
• 1M: -16.80%
• YTD: -3.74%
• 6M: -8.79%
• 1Y: 19.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FMTL vs. URAN - Yearly Performance Comparison

	2026 (YTD)	2025
FMTL First Trust Indxx Critical Metals ETF	19.55%	21.20%
URAN Themes Uranium & Nuclear ETF	-3.74%	-9.58%

Correlation

The correlation between FMTL and URAN 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 (All Time) Calculated using the full available price history since Nov 6, 2025	0.71

Return for Risk

FMTL vs. URAN — Risk / Return Rank

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

URAN

URAN Risk / Return Rank: 18
URAN Sharpe Ratio Rank: 17
URAN Sortino Ratio Rank: 19
URAN Omega Ratio Rank: 18
URAN Calmar Ratio Rank: 18
URAN Martin Ratio Rank: 17

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.

FMTL vs. URAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Critical Metals ETF (FMTL) and Themes Uranium & Nuclear ETF (URAN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FMTL	URAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.25	0.68	+1.57

Drawdowns

FMTL vs. URAN - Drawdown Comparison

The maximum FMTL drawdown since its inception was -22.44%, smaller than the maximum URAN drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for FMTL and URAN.

Drawdown Indicators

	FMTL	URAN	Difference
Max Drawdown Largest peak-to-trough decline	-22.44%	-31.96%	+9.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.92%	—
Current Drawdown Current decline from peak	-10.37%	-26.92%	+16.55%
Average Drawdown Average peak-to-trough decline	-5.09%	-10.82%	+5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.89%	—

Volatility

Volatility by Period

	FMTL	URAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.29%	40.08%	+0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.29%	39.48%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.29%	39.48%	+0.81%

FMTL vs. URAN - Expense Ratio Comparison

FMTL has a 0.65% expense ratio, which is higher than URAN's 0.35% expense ratio.

Dividends

FMTL vs. URAN - Dividend Comparison

FMTL's dividend yield for the trailing twelve months is around 0.05%, less than URAN's 2.66% yield.

Position	TTM	2025	2024
FMTL First Trust Indxx Critical Metals ETF	0.05%	0.06%	0.00%
URAN Themes Uranium & Nuclear ETF	2.66%	2.56%	0.21%

Frequently Asked Questions

Can I hold both FMTL and URAN in my portfolio?

FMTL and URAN 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.

Which ETF is better, FMTL or URAN?

On fees, URAN is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FMTL or URAN?

URAN is cheaper with a 0.35% expense ratio, compared with 0.65% for FMTL.

Which ETF pays a higher dividend yield, FMTL or URAN?

URAN has the higher dividend yield at 2.66%, compared with 0.05% for FMTL.

What is the main difference between FMTL and URAN?

FMTL tracks Indxx Global Critical Metals Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. They also come from different issuers: First Trust and Themes. Their fees differ too: 0.65% for FMTL and 0.35% for URAN.