GLO.TO vs. URNM
Compare and contrast key facts about Global Atomic Corporation (GLO.TO) 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: GLO.TO or URNM.
Correlation
The correlation between GLO.TO and URNM is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GLO.TO vs. URNM - Performance Comparison
Key characteristics
GLO.TO:
-0.91
URNM:
-0.66
GLO.TO:
-1.82
URNM:
-0.78
GLO.TO:
0.76
URNM:
0.91
GLO.TO:
-0.92
URNM:
-0.73
GLO.TO:
-1.44
URNM:
-1.31
GLO.TO:
57.43%
URNM:
20.22%
GLO.TO:
90.63%
URNM:
40.11%
GLO.TO:
-94.74%
URNM:
-42.55%
GLO.TO:
-88.30%
URNM:
-34.34%
Returns By Period
In the year-to-date period, GLO.TO achieves a -26.92% return, which is significantly lower than URNM's -6.85% return.
GLO.TO
-26.92%
-34.48%
-59.29%
-81.61%
4.41%
15.34%
URNM
-6.85%
-10.23%
-6.10%
-22.64%
29.14%
N/A
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Risk-Adjusted Performance
GLO.TO vs. URNM — Risk-Adjusted Performance Rank
GLO.TO
URNM
GLO.TO vs. URNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Atomic Corporation (GLO.TO) 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
GLO.TO vs. URNM - Dividend Comparison
GLO.TO has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.40%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
GLO.TO Global Atomic Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM NorthShore Global Uranium Mining ETF | 3.40% | 3.17% | 3.63% | 0.00% | 6.70% | 2.57% |
Drawdowns
GLO.TO vs. URNM - Drawdown Comparison
The maximum GLO.TO drawdown since its inception was -94.74%, which is greater than URNM's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for GLO.TO and URNM. For additional features, visit the drawdowns tool.
Volatility
GLO.TO vs. URNM - Volatility Comparison
Global Atomic Corporation (GLO.TO) has a higher volatility of 49.40% compared to NorthShore Global Uranium Mining ETF (URNM) at 15.01%. This indicates that GLO.TO'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.