UEC vs. URNJ

Last updated Jun 4, 2026

UEC (Uranium Energy Corp.) is a stock, while URNJ (Sprott Junior Uranium Miners ETF) is Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. Over the past 3 years, UEC returned 66.37%/yr vs 25.45%/yr for URNJ. Their correlation of 0.84 suggests significant overlap in exposure.

Performance

UEC vs. URNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Uranium Energy Corp. (UEC) and Sprott Junior Uranium Miners ETF (URNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEC achieves a 20.63% return, which is significantly higher than URNJ's 12.14% return.

UEC

• 1D: -8.74%
• 1M: -4.93%
• YTD: 20.63%
• 6M: 8.80%
• 1Y: 121.54%
• 3Y*: 66.37%
• 5Y*: 33.60%
• 10Y*: 31.30%

URNJ

• 1D: -5.58%
• 1M: -8.90%
• YTD: 12.14%
• 6M: 11.74%
• 1Y: 63.88%
• 3Y*: 25.45%
• 5Y*: —
• 10Y*: —

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

UEC vs. URNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UEC Uranium Energy Corp.	20.63%	74.59%	4.53%	52.74%
URNJ Sprott Junior Uranium Miners ETF	12.14%	45.35%	-18.34%	19.92%

Correlation

The correlation between UEC and URNJ is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.84

The correlation between UEC and URNJ has been stable across timeframes, ranging from 0.84 to 0.84 - a consistent structural relationship.

Return for Risk

UEC vs. URNJ — Risk / Return Rank

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

UEC

UEC Risk / Return Rank: 79
UEC Sharpe Ratio Rank: 83
UEC Sortino Ratio Rank: 79
UEC Omega Ratio Rank: 74
UEC Calmar Ratio Rank: 82
UEC Martin Ratio Rank: 78

URNJ

URNJ Risk / Return Rank: 30
URNJ Sharpe Ratio Rank: 28
URNJ Sortino Ratio Rank: 31
URNJ Omega Ratio Rank: 28
URNJ Calmar Ratio Rank: 36
URNJ Martin Ratio Rank: 26

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.

UEC vs. URNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Uranium Energy Corp. (UEC) 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.

	UEC	URNJ	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.05	+0.57
Sortino ratio: Return per unit of downside risk	2.26	1.72	+0.54
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.06
Calmar ratio: Return relative to maximum drawdown	2.99	1.81	+1.18
Martin ratio: Return relative to average drawdown	5.98	3.67	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEC vs. URNJ - Sharpe Ratio Comparison

The current UEC Sharpe Ratio is 1.62, which is higher than the URNJ Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of UEC 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.

Sharpe Ratios by Period

	UEC	URNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.05	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.28	-0.24

Drawdowns

UEC vs. URNJ - Drawdown Comparison

The maximum UEC drawdown since its inception was -97.40%, which is greater than URNJ's maximum drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for UEC and URNJ.

Drawdown Indicators

	UEC	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-97.40%	-59.21%	-38.19%
Max Drawdown (1Y) Largest decline over 1 year	-40.86%	-35.54%	-5.32%
Max Drawdown (3Y) Largest decline over 3 years	-53.49%	-59.21%	+5.72%
Max Drawdown (5Y) Largest decline over 5 years	-63.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.59%	—	—
Current Drawdown Current decline from peak	-30.04%	-30.10%	+0.06%
Average Drawdown Average peak-to-trough decline	-62.12%	-21.17%	-40.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.41%	17.47%	+2.94%

Volatility

UEC vs. URNJ - Volatility Comparison

Uranium Energy Corp. (UEC) has a higher volatility of 27.23% compared to Sprott Junior Uranium Miners ETF (URNJ) at 17.63%. This indicates that UEC's price experiences larger fluctuations and is considered to be riskier than URNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEC	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.23%	17.63%	+9.60%
Volatility (6M) Calculated over the trailing 6-month period	57.08%	45.59%	+11.49%
Volatility (1Y) Calculated over the trailing 1-year period	76.21%	61.42%	+14.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.08%	53.34%	+20.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.87%	53.34%	+20.53%

Dividends

UEC vs. URNJ - Dividend Comparison

UEC has not paid dividends to shareholders, while URNJ's dividend yield for the trailing twelve months is around 5.87%.

Position	TTM	2025	2024	2023
UEC Uranium Energy Corp.	0.00%	0.00%	0.00%	0.00%
URNJ Sprott Junior Uranium Miners ETF	5.87%	6.58%	4.33%	4.03%

Frequently Asked Questions

Can I hold both UEC and URNJ in my portfolio?

UEC and URNJ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEC or URNJ?

UEC has higher volatility (27.23%) compared to URNJ (17.63%). In terms of maximum drawdown, UEC dropped -97.40% vs URNJ's -59.21%.

Which has better risk-adjusted returns?

UEC currently has the higher Sharpe Ratio (1.62 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.