LUN.TO vs. URA

Last updated Jun 13, 2026

LUN.TO (Lundin Mining Corporation) 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, LUN.TO returned 27.86%/yr vs 16.90%/yr for URA. At a 0.43 correlation, their price movements are largely independent.

Performance

LUN.TO vs. URA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lundin Mining Corporation (LUN.TO) and Global X Uranium ETF (URA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LUN.TO is traded in CAD, while URA is traded in USD. To make them comparable, the URA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LUN.TO achieves a 28.54% return, which is significantly higher than URA's 8.80% return. Over the past 10 years, LUN.TO has outperformed URA with an annualized return of 27.86%, while URA has yielded a comparatively lower 16.90% annualized return.

LUN.TO

• 1D: 2.69%
• 1M: -9.84%
• YTD: 28.54%
• 6M: 39.35%
• 1Y: 171.40%
• 3Y*: 58.49%
• 5Y*: 28.07%
• 10Y*: 27.86%

URA

• 1D: 1.83%
• 1M: -12.81%
• YTD: 8.80%
• 6M: 5.16%
• 1Y: 35.56%
• 3Y*: 34.20%
• 5Y*: 22.28%
• 10Y*: 16.90%

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

LUN.TO vs. URA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LUN.TO Lundin Mining Corporation	28.54%	141.86%	17.72%	35.67%	-11.74%	-9.34%	49.12%	40.12%	-31.40%	32.67%
URA Global X Uranium ETF	8.80%	59.55%	7.84%	42.77%	-5.70%	57.50%	37.98%	-7.52%	-15.56%	11.28%

Correlation

The correlation between LUN.TO and URA is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Nov 5, 2010	0.43

Return for Risk

LUN.TO vs. URA — Risk / Return Rank

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

LUN.TO

LUN.TO Risk / Return Rank: 94
LUN.TO Sharpe Ratio Rank: 96
LUN.TO Sortino Ratio Rank: 92
LUN.TO Omega Ratio Rank: 92
LUN.TO Calmar Ratio Rank: 93
LUN.TO Martin Ratio Rank: 95

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.

LUN.TO vs. URA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lundin Mining Corporation (LUN.TO) 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.

	LUN.TO	URA	Difference
Sharpe ratio: Return per unit of total volatility	3.26	0.70	+2.57
Sortino ratio: Return per unit of downside risk	3.35	1.27	+2.08
Omega ratio: Gain probability vs. loss probability	1.46	1.15	+0.31
Calmar ratio: Return relative to maximum drawdown	5.12	1.20	+3.92
Martin ratio: Return relative to average drawdown	16.75	2.57	+14.18

LUN.TO vs. URA - Sharpe Ratio Comparison

The current LUN.TO Sharpe Ratio is 3.26, which is higher than the URA Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of LUN.TO 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

LUN.TO vs. URA - Drawdown Comparison

The maximum LUN.TO drawdown since its inception was -95.33%, which is greater than URA's maximum drawdown of -90.70%. Use the drawdown chart below to compare losses from any high point for LUN.TO and URA.

Drawdown Indicators

	LUN.TO	URA	Difference
Max Drawdown Largest peak-to-trough decline	-95.33%	-90.70%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-33.67%	-29.66%	-4.01%
Max Drawdown (3Y) Largest decline over 3 years	-47.11%	-36.01%	-11.10%
Max Drawdown (5Y) Largest decline over 5 years	-53.91%	-36.01%	-17.90%
Max Drawdown (10Y) Largest decline over 10 years	-57.61%	-58.01%	+0.40%
Current Drawdown Current decline from peak	-14.62%	-27.03%	+12.41%
Average Drawdown Average peak-to-trough decline	-48.73%	-69.52%	+20.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.28%	13.90%	-3.62%

Volatility

LUN.TO vs. URA - Volatility Comparison

Lundin Mining Corporation (LUN.TO) has a higher volatility of 19.93% compared to Global X Uranium ETF (URA) at 17.86%. This indicates that LUN.TO's price experiences larger fluctuations and is considered to be riskier than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LUN.TO	URA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.93%	17.86%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	44.51%	40.02%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	52.84%	51.24%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.24%	44.32%	+1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.96%	38.27%	+7.69%

Dividends

LUN.TO vs. URA - Dividend Comparison

LUN.TO's dividend yield for the trailing twelve months is around 0.29%, less than URA's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LUN.TO Lundin Mining Corporation	0.29%	0.68%	3.64%	3.32%	5.66%	3.95%	1.42%	1.55%	2.13%	1.44%	0.00%	0.00%
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 LUN.TO and URA in my portfolio?

LUN.TO and URA have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.