NXE vs. URA
Compare and contrast key facts about NexGen Energy Ltd. (NXE) and Global X Uranium ETF (URA).
URA is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components Index. It was launched on Nov 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXE or URA.
Key characteristics
| NXE | URA | |
|---|---|---|
| YTD Return | 16.71% | 10.33% |
| 1Y Return | 116.71% | 67.96% |
| 3Y Return (Ann) | 23.99% | 18.72% |
| 5Y Return (Ann) | 37.94% | 24.22% |
| 10Y Return (Ann) | 42.97% | 3.33% |
| Sharpe Ratio | 2.43 | 2.10 |
| Daily Std Dev | 47.87% | 32.40% |
| Max Drawdown | -82.98% | -93.54% |
| Current Drawdown | -7.26% | -67.81% |
Correlation
The correlation between NXE and URA is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NXE vs. URA - Performance Comparison
In the year-to-date period, NXE achieves a 16.71% return, which is significantly higher than URA's 10.33% return. Over the past 10 years, NXE has outperformed URA with an annualized return of 42.97%, while URA has yielded a comparatively lower 3.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NXE vs. URA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NexGen Energy Ltd. (NXE) 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.
Dividends
NXE vs. URA - Dividend Comparison
NXE has not paid dividends to shareholders, while URA's dividend yield for the trailing twelve months is around 5.50%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 5.50% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
Drawdowns
NXE vs. URA - Drawdown Comparison
The maximum NXE drawdown since its inception was -82.98%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for NXE and URA. For additional features, visit the drawdowns tool.
Volatility
NXE vs. URA - Volatility Comparison
NexGen Energy Ltd. (NXE) has a higher volatility of 16.96% compared to Global X Uranium ETF (URA) at 10.04%. This indicates that NXE'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.