NGEX.TO vs. URNM
NGEX.TO (NGEx Minerals Ltd) is a stock, while URNM (Sprott Uranium Miners ETF) is Commodity Producers Equities fund tracking the VettaFi Global Uranium Miners Index. Over the past 5 years, NGEX.TO returned 106.42%/yr vs 15.91%/yr for URNM. At a 0.20 correlation, their price movements are largely independent.
Performance
NGEX.TO vs. URNM - Performance Comparison
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Different Trading Currencies
NGEX.TO is traded in CAD, while URNM is traded in USD. To make them comparable, the URNM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NGEX.TO achieves a 3.95% return, which is significantly higher than URNM's 1.45% return.
NGEX.TO
- 1D
- 6.87%
- 1M
- -9.37%
- YTD
- 3.95%
- 6M
- 6.06%
- 1Y
- 74.95%
- 3Y*
- 58.44%
- 5Y*
- 106.42%
- 10Y*
- —
URNM
- 1D
- 0.72%
- 1M
- -10.97%
- YTD
- 1.45%
- 6M
- 0.89%
- 1Y
- 33.98%
- 3Y*
- 21.94%
- 5Y*
- 15.91%
- 10Y*
- —
NGEX.TO vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NGEX.TO NGEx Minerals Ltd | 3.95% | 90.90% | 87.29% | 132.47% | 66.49% | 255.77% | 35.06% | 35.09% |
URNM Sprott Uranium Miners ETF | 1.45% | 34.35% | -6.85% | 54.05% | -6.27% | 78.24% | 64.37% | 2.24% |
Correlation
The correlation between NGEX.TO and URNM is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.20 |
Over the past year, NGEX.TO and URNM have become more correlated (0.41) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
NGEX.TO vs. URNM — Risk / Return Rank
NGEX.TO
URNM
NGEX.TO vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NGEx Minerals Ltd (NGEX.TO) and Sprott Uranium Miners 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.
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.
| NGEX.TO | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.93 | +1.55 |
| Martin ratioReturn relative to average drawdown | 6.16 | 2.24 | +3.92 |
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Drawdowns
NGEX.TO vs. URNM - Drawdown Comparison
The maximum NGEX.TO drawdown since its inception was -66.75%, which is greater than URNM's maximum drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for NGEX.TO and URNM.
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Drawdown Indicators
| NGEX.TO | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.75% | -48.50% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -30.62% | -37.09% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -30.62% | -48.50% | +17.88% |
Max Drawdown (5Y)Largest decline over 5 years | -66.75% | -48.50% | -18.25% |
Current DrawdownCurrent decline from peak | -16.43% | -33.19% | +16.76% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -16.41% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | 15.43% | -3.12% |
Volatility
NGEX.TO vs. URNM - Volatility Comparison
NGEx Minerals Ltd (NGEX.TO) has a higher volatility of 26.53% compared to Sprott Uranium Miners ETF (URNM) at 17.58%. This indicates that NGEX.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.
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Volatility by Period
| NGEX.TO | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.53% | 17.58% | +8.95% |
Volatility (6M)Calculated over the trailing 6-month period | 45.97% | 41.88% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.36% | 52.40% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.92% | 48.90% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.85% | 47.31% | +24.54% |
Dividends
NGEX.TO vs. URNM - Dividend Comparison
NGEX.TO has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NGEX.TO NGEx Minerals Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM Sprott Uranium Miners ETF | 3.19% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% |
Frequently Asked Questions
NGEX.TO and URNM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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