METL vs. URNM

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Active Metals & Miners ETF (METL) and NorthShore Global Uranium Mining ETF (URNM).

METL and URNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METL is an actively managed fund by Sprott. It was launched on Sep 9, 2025. 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.

Performance

METL vs. URNM - Performance Comparison

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

METL vs. URNM - Yearly Performance Comparison

	2026 (YTD)	2025
METL Sprott Active Metals & Miners ETF	8.85%	27.04%
URNM NorthShore Global Uranium Mining ETF	16.36%	5.09%

Returns By Period

In the year-to-date period, METL achieves a 8.85% return, which is significantly lower than URNM's 16.36% return.

METL

• 1D: 2.29%
• 1M: -14.76%
• YTD: 8.85%
• 6M: 25.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

URNM

• 1D: 1.14%
• 1M: -15.47%
• YTD: 16.36%
• 6M: 10.70%
• 1Y: 103.12%
• 3Y*: 30.96%
• 5Y*: 20.50%
• 10Y*: —

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

METL vs. URNM - Expense Ratio Comparison

METL has a 0.89% expense ratio, which is higher than URNM's 0.85% expense ratio.

METL

Sprott Active Metals & Miners ETF

URNM

NorthShore Global Uranium Mining ETF

Return for Risk

METL vs. URNM — Risk / Return Rank

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

URNM

URNM Risk / Return Rank: 86
URNM Sharpe Ratio Rank: 90
URNM Sortino Ratio Rank: 90
URNM Omega Ratio Rank: 80
URNM Calmar Ratio Rank: 92
URNM Martin Ratio Rank: 81

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. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Metals & Miners ETF (METL) 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.

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

Sharpe Ratios by Period

	METL	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.71	+1.06

Correlation

The correlation between METL and URNM is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

METL vs. URNM - Dividend Comparison

METL's dividend yield for the trailing twelve months is around 0.91%, less than URNM's 2.73% yield.

	TTM	2025	2024	2023	2022	2021	2020
METL Sprott Active Metals & Miners ETF	0.91%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.73%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Drawdowns

METL vs. URNM - Drawdown Comparison

The maximum METL drawdown since its inception was -27.39%, smaller than the maximum URNM drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for METL and URNM.

Drawdown Indicators

	METL	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-27.39%	-50.78%	+23.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.78%	—
Current Drawdown Current decline from peak	-17.47%	-23.96%	+6.49%
Average Drawdown Average peak-to-trough decline	-6.83%	-17.89%	+11.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.19%	—

Volatility

Volatility by Period

	METL	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.84%	51.55%	-6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.84%	47.95%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.84%	46.74%	-1.90%