SJT vs. URNM
SJT (San Juan Basin Royalty Trust) is a stock, while URNM (Sprott Uranium Miners ETF) is Uranium fund tracking the VettaFi Global Uranium Miners Index. Over the past 5 years, SJT returned -4.21%/yr vs 15.58%/yr for URNM. At a 0.21 correlation, their price movements are largely independent.
Performance
SJT vs. URNM - Performance Comparison
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Returns By Period
In the year-to-date period, SJT achieves a -52.49% return, which is significantly lower than URNM's -8.53% return.
SJT
- 1D
- -1.84%
- 1M
- -19.58%
- 6M
- -53.57%
- YTD
- -52.49%
- 1Y
- -56.73%
- 3Y*
- -27.06%
- 5Y*
- -4.21%
- 10Y*
- -1.85%
URNM
- 1D
- -5.78%
- 1M
- -8.01%
- 6M
- -23.32%
- YTD
- -8.53%
- 1Y
- 13.66%
- 3Y*
- 18.14%
- 5Y*
- 15.58%
- 10Y*
- —
SJT vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SJT San Juan Basin Royalty Trust | -52.49% | 46.74% | -22.92% | -50.02% | 120.63% | 163.80% | 11.80% | 9.58% |
URNM Sprott Uranium Miners ETF | -8.53% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 4.05% |
Correlation
The correlation between SJT and URNM is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.21 |
The correlation between SJT and URNM shifts across timeframes, from -0.00 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SJT vs. URNM — Risk / Return Rank
SJT
URNM
SJT vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for San Juan Basin Royalty Trust (SJT) 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.
| SJT | URNM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 1.09 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 0.34 | -1.31 |
| Martin ratioReturn relative to average drawdown | -2.38 | 0.74 | -3.11 |
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Drawdowns
SJT vs. URNM - Drawdown Comparison
The maximum SJT drawdown since its inception was -92.82%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for SJT and URNM.
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Drawdown Indicators
| SJT | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.82% | -50.78% | -42.04% |
Max Drawdown (1Y)Largest decline over 1 year | -58.73% | -40.22% | -18.51% |
Max Drawdown (3Y)Largest decline over 3 years | -65.64% | -50.78% | -14.86% |
Max Drawdown (5Y)Largest decline over 5 years | -78.00% | -50.78% | -27.22% |
Max Drawdown (10Y)Largest decline over 10 years | -81.54% | — | — |
Current DrawdownCurrent decline from peak | -81.32% | -40.22% | -41.10% |
Average DrawdownAverage peak-to-trough decline | -37.74% | -18.29% | -19.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.88% | 18.59% | +5.29% |
Volatility
SJT vs. URNM - Volatility Comparison
San Juan Basin Royalty Trust (SJT) has a higher volatility of 15.93% compared to Sprott Uranium Miners ETF (URNM) at 12.97%. This indicates that SJT'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
| SJT | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.93% | 12.97% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 28.09% | 41.08% | -12.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.54% | 52.79% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.34% | 48.63% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.56% | 46.98% | +2.58% |
Dividends
SJT vs. URNM - Dividend Comparison
SJT has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 3.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJT San Juan Basin Royalty Trust | 0.00% | 0.00% | 2.89% | 21.81% | 14.58% | 12.67% | 5.96% | 6.85% | 8.03% | 10.19% | 5.05% | 8.81% |
URNM Sprott Uranium Miners ETF | 3.47% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SJT and URNM have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SJT has higher volatility (15.93%) compared to URNM (12.97%). In terms of maximum drawdown, SJT dropped -92.82% vs URNM's -50.78%.
URNM currently has the higher Sharpe Ratio (0.26 vs -1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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