SRUUF vs. UX
SRUUF (Sprott Physical Uranium Trust Fund) and UX (Roundhill Uranium ETF) are both funds - SRUUF is a Commodities fund actively managed by Sprott, while UX is a Commodity Producers Equities fund actively managed by Roundhill. Both are actively managed. Over the past year, SRUUF returned 21.00% vs 17.18% for UX. With a 0.98 correlation, they move nearly in lockstep. SRUUF charges 0.70%/yr vs 0.75%/yr for UX.
Performance
SRUUF vs. UX - Performance Comparison
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Returns By Period
In the year-to-date period, SRUUF achieves a 0.93% return, which is significantly higher than UX's -0.61% return.
SRUUF
- 1D
- -2.82%
- 1M
- -3.15%
- YTD
- 0.93%
- 6M
- 8.74%
- 1Y
- 21.00%
- 3Y*
- 14.65%
- 5Y*
- —
- 10Y*
- —
UX
- 1D
- -2.53%
- 1M
- -3.11%
- YTD
- -0.61%
- 6M
- 6.59%
- 1Y
- 17.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRUUF vs. UX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SRUUF Sprott Physical Uranium Trust Fund | 0.93% | 20.10% |
UX Roundhill Uranium ETF | -0.61% | 15.76% |
Correlation
The correlation between SRUUF and UX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.98 |
The correlation between SRUUF and UX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SRUUF vs. UX — Risk / Return Rank
SRUUF
UX
SRUUF vs. UX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (SRUUF) and Roundhill Uranium ETF (UX). 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.
| SRUUF | UX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.73 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.86 | 1.45 | +0.41 |
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
| SRUUF | UX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.50 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.31 | +0.10 |
Drawdowns
SRUUF vs. UX - Drawdown Comparison
The maximum SRUUF drawdown since its inception was -48.68%, which is greater than UX's maximum drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for SRUUF and UX.
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Drawdown Indicators
| SRUUF | UX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.68% | -23.72% | -24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.98% | -23.72% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -48.68% | — | — |
Current DrawdownCurrent decline from peak | -21.59% | -19.59% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -10.13% | -11.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.29% | 11.87% | -0.58% |
Volatility
SRUUF vs. UX - Volatility Comparison
Sprott Physical Uranium Trust Fund (SRUUF) and Roundhill Uranium ETF (UX) have volatilities of 7.75% and 8.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SRUUF | UX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 8.07% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.53% | 24.59% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.51% | 34.45% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.81% | 36.20% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.81% | 36.20% | +5.61% |
SRUUF vs. UX - Expense Ratio Comparison
SRUUF has a 0.70% expense ratio, which is lower than UX's 0.75% expense ratio.
Dividends
SRUUF vs. UX - Dividend Comparison
SRUUF has not paid dividends to shareholders, while UX's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 |
|---|---|---|
SRUUF Sprott Physical Uranium Trust Fund | 0.00% | 0.00% |
UX Roundhill Uranium ETF | 1.49% | 1.48% |
Frequently Asked Questions
With a correlation of 0.97, SRUUF and UX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UX has higher volatility (8.07%) compared to SRUUF (7.75%). In terms of maximum drawdown, SRUUF dropped -48.68% vs UX's -23.72%.
SRUUF currently has the higher Sharpe Ratio (0.61 vs 0.50), 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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