SILV vs. URNM
Compare and contrast key facts about SilverCrest Metals Inc (SILV) and NorthShore Global Uranium Mining ETF (URNM).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SILV or URNM.
Key characteristics
| SILV | URNM | |
|---|---|---|
| YTD Return | 45.50% | -6.77% |
| 1Y Return | 78.46% | -2.80% |
| 3Y Return (Ann) | -0.59% | -0.12% |
| Sharpe Ratio | 1.66 | -0.04 |
| Sortino Ratio | 2.34 | 0.23 |
| Omega Ratio | 1.27 | 1.03 |
| Calmar Ratio | 1.46 | -0.05 |
| Martin Ratio | 7.05 | -0.10 |
| Ulcer Index | 12.33% | 16.79% |
| Daily Std Dev | 52.27% | 40.08% |
| Max Drawdown | -69.92% | -42.55% |
| Current Drawdown | -22.83% | -23.48% |
Correlation
The correlation between SILV and URNM is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SILV vs. URNM - Performance Comparison
In the year-to-date period, SILV achieves a 45.50% return, which is significantly higher than URNM's -6.77% 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
SILV vs. URNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SilverCrest Metals Inc (SILV) 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.
Dividends
SILV vs. URNM - Dividend Comparison
SILV has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.89%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
SILV SilverCrest Metals Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URNM NorthShore Global Uranium Mining ETF | 3.89% | 3.63% | 0.00% | 6.70% | 2.57% |
Drawdowns
SILV vs. URNM - Drawdown Comparison
The maximum SILV drawdown since its inception was -69.92%, which is greater than URNM's maximum drawdown of -42.55%. Use the drawdown chart below to compare losses from any high point for SILV and URNM. For additional features, visit the drawdowns tool.
Volatility
SILV vs. URNM - Volatility Comparison
SilverCrest Metals Inc (SILV) has a higher volatility of 18.65% compared to NorthShore Global Uranium Mining ETF (URNM) at 10.45%. This indicates that SILV'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.