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 0.74, 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.
Performance
NXE vs. URA - Performance Comparison
Key characteristics
NXE:
-0.93
URA:
-0.83
NXE:
-1.35
URA:
-1.06
NXE:
0.83
URA:
0.87
NXE:
-0.99
URA:
-0.41
NXE:
-2.04
URA:
-2.04
NXE:
25.79%
URA:
15.56%
NXE:
56.29%
URA:
38.18%
NXE:
-82.98%
URA:
-93.54%
NXE:
-52.93%
URA:
-77.45%
Returns By Period
In the year-to-date period, NXE achieves a -36.67% return, which is significantly lower than URA's -22.26% return.
NXE
-36.67%
-15.56%
-39.51%
-49.94%
34.82%
N/A
URA
-22.26%
-15.61%
-29.47%
-29.15%
23.02%
3.19%
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Risk-Adjusted Performance
NXE vs. URA — Risk-Adjusted Performance Rank
NXE
URA
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 3.68%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 3.68% | 2.86% | 6.07% | 0.76% | 5.85% | 1.69% | 1.66% | 0.45% | 2.03% | 7.28% | 1.96% | 4.28% |
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 15.44% compared to Global X Uranium ETF (URA) at 11.62%. 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.