U-U.TO vs. URNJ

Last updated Jul 21, 2026

U-U.TO (Sprott Physical Uranium Trust Fund) is a stock, while URNJ (Sprott Junior Uranium Miners ETF) is Uranium fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. Over the past 3 years, U-U.TO returned 13.52%/yr vs 17.02%/yr for URNJ. A 0.59 correlation means they provide meaningful diversification when combined.

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.

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 -7.64% return, which is significantly higher than URNJ's -12.34% return.

U-U.TO

• 1D: -1.80%
• 1M: -4.76%
• 6M: -19.56%
• YTD: -7.64%
• 1Y: 10.56%
• 3Y*: 13.52%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.38%

URNJ

• 1D: 0.24%
• 1M: -18.35%
• 6M: -31.63%
• YTD: -12.34%
• 1Y: 6.18%
• 3Y*: 17.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.24%

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

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

	2026 (YTD)	2025	2024	2023
U-U.TO Sprott Physical Uranium Trust Fund	-7.64%	12.78%	-18.83%	63.85%
URNJ Sprott Junior Uranium Miners ETF	-12.34%	38.72%	-11.42%	18.26%

Correlation

The correlation between U-U.TO and URNJ is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.59

The correlation between U-U.TO and URNJ has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

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: 54
U-U.TO Sharpe Ratio Rank: 57
U-U.TO Sortino Ratio Rank: 52
U-U.TO Omega Ratio Rank: 50
U-U.TO Calmar Ratio Rank: 57
U-U.TO Martin Ratio Rank: 55

URNJ

URNJ Risk / Return Rank: 13
URNJ Sharpe Ratio Rank: 11
URNJ Sortino Ratio Rank: 15
URNJ Omega Ratio Rank: 14
URNJ Calmar Ratio Rank: 12
URNJ Martin Ratio Rank: 11

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.

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	URNJ	Difference
Sharpe ratio: Return per unit of total volatility	0.31	0.10	+0.21
Sortino ratio: Return per unit of downside risk	0.68	0.60	+0.09
Omega ratio: Gain probability vs. loss probability	1.08	1.07	+0.01
Calmar ratio: Return relative to maximum drawdown	0.43	0.14	+0.29
Martin ratio: Return relative to average drawdown	0.82	0.28	+0.54

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

The current U-U.TO Sharpe Ratio is 0.31, which is higher than the URNJ Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of U-U.TO and URNJ, 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. URNJ - Drawdown Comparison

The maximum U-U.TO drawdown since its inception was -48.74%, smaller than the maximum URNJ drawdown of -57.36%. 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%	-57.36%	+8.62%
Max Drawdown (1Y) Largest decline over 1 year	-24.86%	-45.08%	+20.22%
Max Drawdown (3Y) Largest decline over 3 years	-48.74%	-57.36%	+8.62%
Current Drawdown Current decline from peak	-28.22%	-44.94%	+16.72%
Average Drawdown Average peak-to-trough decline	-21.95%	-21.13%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.89%	21.98%	-9.09%

Volatility

U-U.TO vs. URNJ - Volatility Comparison

The current volatility for Sprott Physical Uranium Trust Fund (U-U.TO) is 8.58%, while Sprott Junior Uranium Miners ETF (URNJ) has a volatility of 12.83%. 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	8.58%	12.83%	-4.25%
Volatility (6M) Calculated over the trailing 6-month period	25.06%	45.39%	-20.33%
Volatility (1Y) Calculated over the trailing 1-year period	34.49%	61.96%	-27.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.69%	53.65%	-11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.69%	53.65%	-11.96%

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 7.69%.

Position	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	7.69%	6.58%	4.33%	4.03%

Frequently Asked Questions

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

U-U.TO and URNJ have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.