SPPP vs. URNJ
SPPP (Sprott Physical Platinum and Palladium Trust) and URNJ (Sprott Junior Uranium Miners ETF) are both exchange-traded funds - SPPP is a Precious Metals fund actively managed by Sprott, while URNJ is a Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. SPPP is actively managed, while URNJ is passively managed. Over the past 3 years, SPPP returned 5.59%/yr vs 25.45%/yr for URNJ. At a 0.35 correlation, their price movements are largely independent. SPPP charges 1.02%/yr vs 0.80%/yr for URNJ.
Performance
SPPP vs. URNJ - Performance Comparison
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Returns By Period
In the year-to-date period, SPPP achieves a -14.37% return, which is significantly lower than URNJ's 12.14% return.
SPPP
- 1D
- -4.12%
- 1M
- -6.42%
- YTD
- -14.37%
- 6M
- -2.30%
- 1Y
- 39.19%
- 3Y*
- 5.59%
- 5Y*
- -6.33%
- 10Y*
- 8.53%
URNJ
- 1D
- -5.58%
- 1M
- -8.90%
- YTD
- 12.14%
- 6M
- 11.74%
- 1Y
- 63.88%
- 3Y*
- 25.45%
- 5Y*
- —
- 10Y*
- —
SPPP vs. URNJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | -14.37% | 89.43% | -11.89% | -24.25% |
URNJ Sprott Junior Uranium Miners ETF | 12.14% | 45.35% | -18.34% | 19.92% |
Correlation
The correlation between SPPP and URNJ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.35 |
The correlation between SPPP and URNJ shifts across timeframes, from 0.35 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPP vs. URNJ — Risk / Return Rank
SPPP
URNJ
SPPP vs. URNJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Platinum and Palladium Trust (SPPP) and Sprott Junior Uranium Miners ETF (URNJ). 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.
| SPPP | URNJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.81 | -0.75 |
| Martin ratioReturn relative to average drawdown | 2.23 | 3.67 | -1.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPPP | URNJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.05 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.28 | -0.19 |
Drawdowns
SPPP vs. URNJ - Drawdown Comparison
The maximum SPPP drawdown since its inception was -59.09%, roughly equal to the maximum URNJ drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for SPPP and URNJ.
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Drawdown Indicators
| SPPP | URNJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.09% | -59.21% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -37.42% | -35.54% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -37.42% | -59.21% | +21.79% |
Max Drawdown (5Y)Largest decline over 5 years | -58.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.09% | — | — |
Current DrawdownCurrent decline from peak | -36.14% | -30.10% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -26.48% | -21.17% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.60% | 17.47% | +0.13% |
Volatility
SPPP vs. URNJ - Volatility Comparison
The current volatility for Sprott Physical Platinum and Palladium Trust (SPPP) is 10.71%, while Sprott Junior Uranium Miners ETF (URNJ) has a volatility of 17.63%. This indicates that SPPP experiences smaller price fluctuations and is considered to be less risky than URNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPP | URNJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 17.63% | -6.92% |
Volatility (6M)Calculated over the trailing 6-month period | 45.53% | 45.59% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.97% | 61.42% | -10.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.89% | 53.34% | -18.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.10% | 53.34% | -20.24% |
SPPP vs. URNJ - Expense Ratio Comparison
SPPP has a 1.02% expense ratio, which is higher than URNJ's 0.80% expense ratio.
Dividends
SPPP vs. URNJ - Dividend Comparison
SPPP has not paid dividends to shareholders, while URNJ's dividend yield for the trailing twelve months is around 5.87%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPPP Sprott Physical Platinum and Palladium Trust | 0.00% | 0.00% | 0.00% | 0.00% |
URNJ Sprott Junior Uranium Miners ETF | 5.87% | 6.58% | 4.33% | 4.03% |
Frequently Asked Questions
SPPP and URNJ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URNJ has higher volatility (17.63%) compared to SPPP (10.71%). In terms of maximum drawdown, SPPP dropped -59.09% vs URNJ's -59.21%.
On 3-year performance, URNJ leads with 25.45% vs 5.59% for SPPP. On fees, URNJ is cheaper at 0.80% per year. On volatility, SPPP has been the lower-risk option at 10.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, URNJ has performed better with a 25.45% return vs 5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URNJ is cheaper with a 0.80% expense ratio, compared with 1.02% for SPPP.
URNJ has the higher dividend yield at 5.87%, compared with 0.00% for SPPP.
SPPP is categorized as Precious Metals, while URNJ is Energy Equities. Their fees differ too: 1.02% for SPPP and 0.80% for URNJ.
URNJ currently has the higher Sharpe Ratio (1.05 vs 0.77), 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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