U-U.TO vs. URNM

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Physical Uranium Trust Fund (U-U.TO) and NorthShore Global Uranium Mining ETF (URNM).

URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019.

Performance

U-U.TO vs. URNM - 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 NorthShore Global Uranium Mining ETF (URNM). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021
U-U.TO Sprott Physical Uranium Trust Fund	3.54%	12.78%	-18.83%	82.05%	6.27%	22.33%
URNM NorthShore Global Uranium Mining ETF	17.84%	34.32%	-6.75%	54.33%	-5.58%	40.39%

Different Trading Currencies

U-U.TO is traded in CAD, while URNM is traded in USD. To make them comparable, the URNM 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 URNM's 17.84% return.

U-U.TO

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

URNM

• 1D: 1.00%
• 1M: -14.10%
• YTD: 17.84%
• 6M: 10.39%
• 1Y: 97.34%
• 3Y*: 32.18%
• 5Y*: 22.99%
• 10Y*: —

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

Return for Risk

U-U.TO vs. URNM — 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

URNM

URNM Risk / Return Rank: 86
URNM Sharpe Ratio Rank: 90
URNM Sortino Ratio Rank: 90
URNM Omega Ratio Rank: 80
URNM Calmar Ratio Rank: 92
URNM Martin Ratio Rank: 81

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. URNM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (U-U.TO) and NorthShore Global Uranium Mining ETF (URNM). 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	URNM	Difference
Sharpe ratio Return per unit of total volatility	1.00	1.95	-0.95
Sortino ratio Return per unit of downside risk	1.56	2.55	-0.99
Omega ratio Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio Return relative to maximum drawdown	1.83	3.23	-1.40
Martin ratio Return relative to average drawdown	4.41	8.69	-4.28
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. URNM - Sharpe Ratio Comparison

The current U-U.TO Sharpe Ratio is 1.00, which is lower than the URNM Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of U-U.TO and URNM, 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	URNM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	1.95	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.77	-0.33

Correlation

The correlation between U-U.TO and URNM is 0.66, 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. URNM - Dividend Comparison

U-U.TO has not paid dividends to shareholders, while URNM's dividend yield for the trailing twelve months is around 2.73%.

	TTM	2025	2024	2023	2022	2021	2020
U-U.TO Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URNM NorthShore Global Uranium Mining ETF	2.73%	3.18%	3.18%	3.63%	0.00%	6.70%	2.57%

Drawdowns

U-U.TO vs. URNM - Drawdown Comparison

The maximum U-U.TO drawdown since its inception was -48.74%, roughly equal to the maximum URNM drawdown of -48.53%. Use the drawdown chart below to compare losses from any high point for U-U.TO and URNM.

Drawdown Indicators

	U-U.TO	URNM	Difference
Max Drawdown Largest peak-to-trough decline	-48.74%	-50.78%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	-22.78%	-30.79%	+8.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.78%	—
Current Drawdown Current decline from peak	-19.53%	-23.96%	+4.43%
Average Drawdown Average peak-to-trough decline	-21.93%	-17.89%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.43%	11.19%	-1.76%

Volatility

U-U.TO vs. URNM - Volatility Comparison

The current volatility for Sprott Physical Uranium Trust Fund (U-U.TO) is 10.92%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 17.03%. This indicates that U-U.TO experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	U-U.TO	URNM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	17.03%	-6.11%
Volatility (6M) Calculated over the trailing 6-month period	26.95%	39.73%	-12.78%
Volatility (1Y) Calculated over the trailing 1-year period	39.36%	50.22%	-10.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.37%	45.60%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.37%	44.37%	-2.00%