U-UN.TO vs. QGLDX

Last updated Jun 4, 2026

U-UN.TO (Sprott Physical Uranium Trust Fund) and QGLDX (The Gold Bullion Strategy Fund Investor Class) are both Gold funds. Over the past 10 years, U-UN.TO returned 20.38%/yr vs 11.44%/yr for QGLDX. At a 0.03 correlation, their price movements are largely independent. U-UN.TO charges 0.60%/yr vs 1.00%/yr for QGLDX.

Performance

U-UN.TO vs. QGLDX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sprott Physical Uranium Trust Fund (U-UN.TO) and The Gold Bullion Strategy Fund Investor Class (QGLDX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, U-UN.TO achieves a 1.68% return, which is significantly lower than QGLDX's 4.61% return. Over the past 10 years, U-UN.TO has outperformed QGLDX with an annualized return of 20.38%, while QGLDX has yielded a comparatively lower 11.44% annualized return.

U-UN.TO

• 1D: -2.26%
• 1M: -1.20%
• YTD: 1.68%
• 6M: 8.17%
• 1Y: 22.39%
• 3Y*: 15.97%
• 5Y*: 35.74%
• 10Y*: 20.38%

QGLDX

• 1D: 0.50%
• 1M: 0.91%
• YTD: 4.61%
• 6M: 5.28%
• 1Y: 32.73%
• 3Y*: 30.58%
• 5Y*: 19.07%
• 10Y*: 11.44%

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

U-UN.TO vs. QGLDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
U-UN.TO Sprott Physical Uranium Trust Fund	1.68%	7.92%	-12.03%	78.52%	14.05%	182.69%	20.34%	-8.93%	5.91%	11.32%
QGLDX The Gold Bullion Strategy Fund Investor Class	4.61%	52.57%	35.21%	7.96%	2.16%	-7.09%	17.33%	11.28%	4.07%	4.35%

Correlation

The correlation between U-UN.TO and QGLDX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.03

The correlation between U-UN.TO and QGLDX shifts across timeframes, from 0.03 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

U-UN.TO vs. QGLDX — Risk / Return Rank

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

U-UN.TO

U-UN.TO Risk / Return Rank: 9
U-UN.TO Sharpe Ratio Rank: 8
U-UN.TO Sortino Ratio Rank: 9
U-UN.TO Omega Ratio Rank: 9
U-UN.TO Calmar Ratio Rank: 11
U-UN.TO Martin Ratio Rank: 7

QGLDX

QGLDX Risk / Return Rank: 17
QGLDX Sharpe Ratio Rank: 17
QGLDX Sortino Ratio Rank: 14
QGLDX Omega Ratio Rank: 19
QGLDX Calmar Ratio Rank: 19
QGLDX 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-UN.TO vs. QGLDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (U-UN.TO) and The Gold Bullion Strategy Fund Investor Class (QGLDX). 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-UN.TO	QGLDX	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.26	-0.60
Sortino ratio: Return per unit of downside risk	1.12	1.67	-0.54
Omega ratio: Gain probability vs. loss probability	1.14	1.25	-0.12
Calmar ratio: Return relative to maximum drawdown	1.03	1.83	-0.80
Martin ratio: Return relative to average drawdown	2.13	4.52	-2.38
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-UN.TO vs. QGLDX - Sharpe Ratio Comparison

The current U-UN.TO Sharpe Ratio is 0.66, which is lower than the QGLDX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of U-UN.TO and QGLDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	U-UN.TO	QGLDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.66	1.26	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	1.12	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.72	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.67	-0.48

Drawdowns

U-UN.TO vs. QGLDX - Drawdown Comparison

The maximum U-UN.TO drawdown since its inception was -83.06%, which is greater than QGLDX's maximum drawdown of -25.70%. Use the drawdown chart below to compare losses from any high point for U-UN.TO and QGLDX.

Drawdown Indicators

	U-UN.TO	QGLDX	Difference
Max Drawdown Largest peak-to-trough decline	-83.06%	-25.70%	-57.36%
Max Drawdown (1Y) Largest decline over 1 year	-21.81%	-17.38%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-45.84%	-17.38%	-28.46%
Max Drawdown (5Y) Largest decline over 5 years	-45.84%	-19.24%	-26.60%
Max Drawdown (10Y) Largest decline over 10 years	-45.84%	-25.70%	-20.14%
Current Drawdown Current decline from peak	-19.27%	-15.01%	-4.26%
Average Drawdown Average peak-to-trough decline	-51.87%	-9.78%	-42.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.52%	7.03%	+3.49%

Volatility

U-UN.TO vs. QGLDX - Volatility Comparison

Sprott Physical Uranium Trust Fund (U-UN.TO) has a higher volatility of 7.68% compared to The Gold Bullion Strategy Fund Investor Class (QGLDX) at 5.60%. This indicates that U-UN.TO's price experiences larger fluctuations and is considered to be riskier than QGLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	U-UN.TO	QGLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	5.60%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	24.47%	21.72%	+2.75%
Volatility (1Y) Calculated over the trailing 1-year period	34.17%	25.37%	+8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.21%	17.07%	+49.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.81%	15.85%	+34.96%

U-UN.TO vs. QGLDX - Expense Ratio Comparison

U-UN.TO has a 0.60% expense ratio, which is lower than QGLDX's 1.00% expense ratio.

Dividends

U-UN.TO vs. QGLDX - Dividend Comparison

U-UN.TO has not paid dividends to shareholders, while QGLDX's dividend yield for the trailing twelve months is around 58.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QGLDX The Gold Bullion Strategy Fund Investor Class	58.38%	60.49%	28.70%	10.20%	0.00%	0.00%	9.92%	14.32%	1.23%	5.75%	2.08%
U-UN.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%

Frequently Asked Questions

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

U-UN.TO and QGLDX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.