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.
Correlation
The correlation between NXE and URA is 0.73, 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.
Performance
NXE vs. URA - Performance Comparison
Key characteristics
NXE:
0.03
URA:
0.07
NXE:
0.43
URA:
0.36
NXE:
1.05
URA:
1.04
NXE:
0.04
URA:
0.03
NXE:
0.08
URA:
0.20
NXE:
18.87%
URA:
12.54%
NXE:
53.70%
URA:
36.00%
NXE:
-82.98%
URA:
-93.54%
NXE:
-21.17%
URA:
-70.20%
Returns By Period
In the year-to-date period, NXE achieves a 0.00% return, which is significantly lower than URA's 2.15% return.
NXE
0.00%
-21.17%
3.86%
1.16%
42.65%
N/A
URA
2.15%
-14.67%
-3.00%
1.61%
24.60%
5.04%
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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 6.04%.
| 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 | 6.04% | 6.07% | 0.76% | 5.85% | 1.69% | 1.66% | 0.45% | 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 10.71% compared to Global X Uranium ETF (URA) at 7.72%. 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.