U-U.TO vs. URNJ

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Physical Uranium Trust Fund (U-U.TO) and Sprott Junior Uranium Miners ETF (URNJ).

URNJ is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. It was launched on Feb 1, 2023.

Performance

U-U.TO vs. URNJ - 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 Sprott Junior Uranium Miners ETF (URNJ). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023
U-U.TO Sprott Physical Uranium Trust Fund	3.54%	12.78%	-18.83%	65.50%
URNJ Sprott Junior Uranium Miners ETF	20.03%	38.69%	-11.32%	19.28%

Different Trading Currencies

U-U.TO is traded in CAD, while URNJ is traded in USD. To make them comparable, the URNJ 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 3.54% return, which is significantly lower than URNJ's 20.03% return.

U-U.TO

• 1D: -0.05%
• 1M: -3.77%
• YTD: 3.54%
• 6M: 0.45%
• 1Y: 39.24%
• 3Y*: 19.95%
• 5Y*: —
• 10Y*: —

URNJ

• 1D: 1.84%
• 1M: -16.58%
• YTD: 20.03%
• 6M: 11.22%
• 1Y: 118.87%
• 3Y*: 31.91%
• 5Y*: —
• 10Y*: —

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

Return for Risk

U-U.TO vs. URNJ — 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: 71
U-U.TO Sharpe Ratio Rank: 73
U-U.TO Sortino Ratio Rank: 69
U-U.TO Omega Ratio Rank: 65
U-U.TO Calmar Ratio Rank: 74
U-U.TO Martin Ratio Rank: 74

URNJ

URNJ Risk / Return Rank: 85
URNJ Sharpe Ratio Rank: 89
URNJ Sortino Ratio Rank: 89
URNJ Omega Ratio Rank: 78
URNJ Calmar Ratio Rank: 93
URNJ Martin Ratio Rank: 78

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. URNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (U-U.TO) 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.

	U-U.TO	URNJ	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.93	-0.93
Sortino ratio Return per unit of downside risk	1.56	2.52	-0.96
Omega ratio Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio Return relative to maximum drawdown	1.83	3.50	-1.68
Martin ratio Return relative to average drawdown	4.41	8.28	-3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current U-U.TO Sharpe Ratio is 1.00, which is lower than the URNJ Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of U-U.TO and URNJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	U-U.TO	URNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.93	-0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.38	+0.06

Correlation

The correlation between U-U.TO and URNJ is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

U-U.TO vs. URNJ - Dividend Comparison

U-U.TO has not paid dividends to shareholders, while URNJ's dividend yield for the trailing twelve months is around 5.55%.

	TTM	2025	2024	2023
U-U.TO Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%
URNJ Sprott Junior Uranium Miners ETF	5.55%	6.58%	4.33%	4.03%

Drawdowns

U-U.TO vs. URNJ - Drawdown Comparison

The maximum U-U.TO drawdown since its inception was -48.74%, smaller than the maximum URNJ drawdown of -57.39%. Use the drawdown chart below to compare losses from any high point for U-U.TO and URNJ.

Drawdown Indicators

	U-U.TO	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-48.74%	-59.21%	+10.47%
Max Drawdown (1Y) Largest decline over 1 year	-22.78%	-34.13%	+11.35%
Current Drawdown Current decline from peak	-19.53%	-26.12%	+6.59%
Average Drawdown Average peak-to-trough decline	-21.93%	-20.93%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.43%	13.94%	-4.51%

Volatility

U-U.TO vs. URNJ - Volatility Comparison

The current volatility for Sprott Physical Uranium Trust Fund (U-U.TO) is 10.92%, while Sprott Junior Uranium Miners ETF (URNJ) has a volatility of 18.89%. This indicates that U-U.TO 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.

Volatility by Period

	U-U.TO	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	18.89%	-7.97%
Volatility (6M) Calculated over the trailing 6-month period	26.95%	47.09%	-20.14%
Volatility (1Y) Calculated over the trailing 1-year period	39.36%	61.92%	-22.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.37%	51.57%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.37%	51.57%	-9.20%