URA vs. AA
URA (Global X Uranium ETF) is Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index, while AA (Alcoa Corporation) is a stock. Over the past 5 years, URA returned 18.77%/yr vs 14.08%/yr for AA. At a 0.43 correlation, their price movements are largely independent.
Performance
URA vs. AA - Performance Comparison
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Returns By Period
In the year-to-date period, URA achieves a 6.53% return, which is significantly lower than AA's 29.83% return.
URA
- 1D
- 1.54%
- 1M
- -14.61%
- YTD
- 6.53%
- 6M
- 3.57%
- 1Y
- 32.44%
- 3Y*
- 32.17%
- 5Y*
- 18.77%
- 10Y*
- 15.90%
AA
- 1D
- -0.30%
- 1M
- 0.64%
- YTD
- 29.83%
- 6M
- 49.53%
- 1Y
- 140.52%
- 3Y*
- 24.73%
- 5Y*
- 14.08%
- 10Y*
- —
URA vs. AA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URA Global X Uranium ETF | 6.53% | 67.18% | -0.58% | 46.25% | -11.32% | 57.57% | 41.33% | -3.54% | -22.11% | 19.36% |
AA Alcoa Corporation | 29.83% | 42.46% | 12.43% | -24.33% | -23.12% | 159.05% | 7.16% | -19.07% | -50.66% | 91.84% |
Correlation
The correlation between URA and AA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2016 | 0.43 |
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Return for Risk
URA vs. AA — Risk / Return Rank
URA
AA
URA vs. AA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and Alcoa Corporation (AA). 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.
| URA | AA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.36 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 6.49 | -5.46 |
| Martin ratioReturn relative to average drawdown | 2.30 | 20.55 | -18.25 |
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Drawdowns
URA vs. AA - Drawdown Comparison
The maximum URA drawdown since its inception was -93.54%, roughly equal to the maximum AA drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for URA and AA.
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Drawdown Indicators
| URA | AA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.54% | -90.90% | -2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -31.48% | -21.77% | -9.71% |
Max Drawdown (3Y)Largest decline over 3 years | -37.81% | -52.25% | +14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -37.90% | -75.46% | +37.56% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | — | — |
Current DrawdownCurrent decline from peak | -48.34% | -24.27% | -24.07% |
Average DrawdownAverage peak-to-trough decline | -74.94% | -46.12% | -28.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.12% | 6.87% | +7.25% |
Volatility
URA vs. AA - Volatility Comparison
The current volatility for Global X Uranium ETF (URA) is 17.69%, while Alcoa Corporation (AA) has a volatility of 21.35%. This indicates that URA experiences smaller price fluctuations and is considered to be less risky than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URA | AA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.69% | 21.35% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 39.95% | 41.11% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.24% | 54.44% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.96% | 56.26% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.91% | 55.66% | -17.75% |
Dividends
URA vs. AA - Dividend Comparison
URA's dividend yield for the trailing twelve months is around 4.58%, more than AA's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AA Alcoa Corporation | 0.58% | 0.75% | 1.06% | 1.18% | 0.88% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.00% |
URA Global X Uranium ETF | 4.58% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
URA and AA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AA has higher volatility (21.35%) compared to URA (17.69%). In terms of maximum drawdown, URA dropped -93.54% vs AA's -90.90%.
AA currently has the higher Sharpe Ratio (2.60 vs 0.64), 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.
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