METL vs. URNJ
METL (Sprott Active Metals & Miners ETF) and URNJ (Sprott Junior Uranium Miners ETF) are both exchange-traded funds - METL is a Natural Resources fund actively managed by Sprott, while URNJ is a Uranium fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. METL is actively managed, while URNJ is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. METL charges 0.89%/yr vs 0.80%/yr for URNJ.
Performance
METL vs. URNJ - Performance Comparison
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Returns By Period
In the year-to-date period, METL achieves a 5.42% return, which is significantly higher than URNJ's -2.58% return.
METL
- 1D
- -4.31%
- 1M
- -5.33%
- YTD
- 5.42%
- 6M
- 3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URNJ
- 1D
- -2.35%
- 1M
- -8.77%
- YTD
- -2.58%
- 6M
- -6.12%
- 1Y
- 29.80%
- 3Y*
- 19.86%
- 5Y*
- —
- 10Y*
- —
METL vs. URNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METL Sprott Active Metals & Miners ETF | 5.42% | 28.19% |
URNJ Sprott Junior Uranium Miners ETF | -2.58% | 6.58% |
Correlation
The correlation between METL and URNJ is 0.77, 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 Sep 10, 2025 | 0.77 |
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Return for Risk
METL vs. URNJ — Risk / Return Rank
METL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
URNJ
METL vs. URNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) and Sprott Junior Uranium Miners ETF (URNJ). 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.
| METL | URNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.69 | — |
| Martin ratioReturn relative to average drawdown | — | 1.53 | — |
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Drawdowns
METL vs. URNJ - Drawdown Comparison
The maximum METL drawdown since its inception was -27.39%, smaller than the maximum URNJ drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for METL and URNJ.
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Drawdown Indicators
| METL | URNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -59.21% | +31.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -43.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -59.21% | — |
Current DrawdownCurrent decline from peak | -20.07% | -39.28% | +19.21% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -21.55% | +12.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.47% | — |
Volatility
METL vs. URNJ - Volatility Comparison
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Volatility by Period
| METL | URNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 45.01% | 61.84% | -16.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.01% | 53.68% | -8.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.01% | 53.68% | -8.67% |
METL vs. URNJ - Expense Ratio Comparison
METL has a 0.89% expense ratio, which is higher than URNJ's 0.80% expense ratio.
Dividends
METL vs. URNJ - Dividend Comparison
METL's dividend yield for the trailing twelve months is around 0.94%, less than URNJ's 6.76% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 0.94% | 0.99% | 0.00% | 0.00% |
URNJ Sprott Junior Uranium Miners ETF | 6.76% | 6.58% | 4.33% | 4.03% |
Frequently Asked Questions
METL and URNJ have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URNJ is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URNJ is cheaper with a 0.80% expense ratio, compared with 0.89% for METL.
URNJ has the higher dividend yield at 6.76%, compared with 0.94% for METL.
METL is categorized as Natural Resources, while URNJ is Uranium. Their fees differ too: 0.89% for METL and 0.80% for URNJ.
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