METL vs. URNJ

Last updated Jun 4, 2026

METL (Sprott Active Metals & Miners ETF) and URNJ (Sprott Junior Uranium Miners ETF) are both exchange-traded funds - METL is a Commodity Producers Equities fund actively managed by Sprott, while URNJ is a Energy Equities 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Metals & Miners ETF (METL) and Sprott Junior Uranium Miners ETF (URNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, METL achieves a 18.34% return, which is significantly higher than URNJ's 12.14% return.

METL

• 1D: -3.81%
• 1M: 5.71%
• YTD: 18.34%
• 6M: 25.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

URNJ

• 1D: -5.58%
• 1M: -8.90%
• YTD: 12.14%
• 6M: 11.74%
• 1Y: 63.88%
• 3Y*: 25.45%
• 5Y*: —
• 10Y*: —

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

METL vs. URNJ - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	18.34%	27.04%
URNJ Sprott Junior Uranium Miners ETF	12.14%	6.03%

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 11, 2025	0.77

Return for Risk

METL vs. URNJ — Risk / Return Rank

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

URNJ

URNJ Risk / Return Rank: 30
URNJ Sharpe Ratio Rank: 28
URNJ Sortino Ratio Rank: 31
URNJ Omega Ratio Rank: 28
URNJ Calmar Ratio Rank: 36
URNJ Martin Ratio Rank: 26

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.

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.

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

Sharpe Ratios by Period

	METL	URNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	0.28	+1.43

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.

Drawdown Indicators

	METL	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-59.21%	+31.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-59.21%	—
Current Drawdown Current decline from peak	-10.27%	-30.10%	+19.83%
Average Drawdown Average peak-to-trough decline	-8.11%	-21.17%	+13.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.47%	—

Volatility

Volatility by Period

	METL	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	45.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.94%	61.42%	-17.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.94%	53.34%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.94%	53.34%	-9.40%

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 0.84%, less than URNJ's 5.87% yield.

Position	TTM	2025	2024	2023
METL Sprott Active Metals & Miners ETF	0.84%	0.99%	0.00%	0.00%
URNJ Sprott Junior Uranium Miners ETF	5.87%	6.58%	4.33%	4.03%

Frequently Asked Questions

Can I hold both METL and URNJ in my portfolio?

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.

Which ETF is better, METL or URNJ?

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.

Which ETF is cheaper, METL or URNJ?

URNJ is cheaper with a 0.80% expense ratio, compared with 0.89% for METL.

Which ETF pays a higher dividend yield, METL or URNJ?

URNJ has the higher dividend yield at 5.87%, compared with 0.84% for METL.

What is the main difference between METL and URNJ?

METL is categorized as Commodity Producers Equities, while URNJ is Energy Equities. Their fees differ too: 0.89% for METL and 0.80% for URNJ.