U-U.TO vs. TLT

Last updated Jun 13, 2026

U-U.TO (Sprott Physical Uranium Trust Fund) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 3 years, U-U.TO returned 11.36%/yr vs 0.14%/yr for TLT. At a correlation of -0.02, they often move in opposite directions.

Performance

U-U.TO vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sprott Physical Uranium Trust Fund (U-U.TO) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

U-U.TO is traded in CAD, while TLT is traded in USD. To make them comparable, the TLT values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, U-U.TO achieves a -5.18% return, which is significantly lower than TLT's 2.41% return.

U-U.TO

• 1D: -0.86%
• 1M: -6.71%
• YTD: -5.18%
• 6M: 2.95%
• 1Y: 8.26%
• 3Y*: 11.36%
• 5Y*: —
• 10Y*: —

TLT

• 1D: 0.04%
• 1M: 3.69%
• YTD: 2.41%
• 6M: 1.99%
• 1Y: 5.30%
• 3Y*: 0.14%
• 5Y*: -3.77%
• 10Y*: -0.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

U-U.TO vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
U-U.TO Sprott Physical Uranium Trust Fund	-5.18%	12.78%	-18.83%	82.05%	6.27%	19.41%
TLT iShares 20+ Year Treasury Bond ETF	2.41%	-0.51%	-0.27%	0.32%	-26.88%	1.97%

Correlation

The correlation between U-U.TO and TLT is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021	-0.02

Return for Risk

U-U.TO vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

U-U.TO

U-U.TO Risk / Return Rank: 49
U-U.TO Sharpe Ratio Rank: 51
U-U.TO Sortino Ratio Rank: 46
U-U.TO Omega Ratio Rank: 45
U-U.TO Calmar Ratio Rank: 52
U-U.TO Martin Ratio Rank: 51

TLT

TLT Risk / Return Rank: 14
TLT Sharpe Ratio Rank: 14
TLT Sortino Ratio Rank: 13
TLT Omega Ratio Rank: 13
TLT Calmar Ratio Rank: 14
TLT Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

U-U.TO vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (U-U.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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.

	U-U.TO	TLT	Difference
Sharpe ratio: Return per unit of total volatility	0.24	0.49	-0.25
Sortino ratio: Return per unit of downside risk	0.58	0.78	-0.20
Omega ratio: Gain probability vs. loss probability	1.07	1.09	-0.02
Calmar ratio: Return relative to maximum drawdown	0.36	0.57	-0.21
Martin ratio: Return relative to average drawdown	0.69	1.23	-0.53

U-U.TO vs. TLT - Sharpe Ratio Comparison

The current U-U.TO Sharpe Ratio is 0.24, which is lower than the TLT Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of U-U.TO and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

U-U.TO vs. TLT - Drawdown Comparison

The maximum U-U.TO drawdown since its inception was -48.74%, roughly equal to the maximum TLT drawdown of -49.54%. Use the drawdown chart below to compare losses from any high point for U-U.TO and TLT.

Drawdown Indicators

	U-U.TO	TLT	Difference
Max Drawdown Largest peak-to-trough decline	-48.74%	-49.54%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.11%	-9.34%	-13.77%
Max Drawdown (3Y) Largest decline over 3 years	-48.74%	-16.34%	-32.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-49.54%	—
Current Drawdown Current decline from peak	-26.31%	-40.33%	+14.02%
Average Drawdown Average peak-to-trough decline	-21.88%	-17.72%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.91%	4.34%	+7.57%

Volatility

U-U.TO vs. TLT - Volatility Comparison

Sprott Physical Uranium Trust Fund (U-U.TO) has a higher volatility of 6.22% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.95%. This indicates that U-U.TO's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	U-U.TO	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.22%	2.95%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	25.63%	7.20%	+18.43%
Volatility (1Y) Calculated over the trailing 1-year period	35.26%	10.97%	+24.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.87%	17.10%	+24.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.87%	16.41%	+25.46%

Dividends

U-U.TO vs. TLT - Dividend Comparison

U-U.TO has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLT iShares 20+ Year Treasury Bond ETF	4.56%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%
U-U.TO Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both U-U.TO and TLT in my portfolio?

U-U.TO and TLT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.