URA vs. CCJ

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Uranium ETF (URA) and Cameco Corporation (CCJ).

URA is a passively managed fund by Global X that tracks the performance of the Solactive Global Uranium & Nuclear Components Index. It was launched on Nov 4, 2010.

Performance

URA vs. CCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Uranium ETF (URA) and Cameco Corporation (CCJ). The values are adjusted to include any dividend payments, if applicable.

URA vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URA Global X Uranium ETF	13.34%	67.18%	-0.58%	46.25%	-11.32%	57.57%	41.33%	-3.54%	-22.11%	19.36%
CCJ Cameco Corporation	18.71%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%

Returns By Period

In the year-to-date period, URA achieves a 13.34% return, which is significantly lower than CCJ's 18.71% return. Over the past 10 years, URA has underperformed CCJ with an annualized return of 16.47%, while CCJ has yielded a comparatively higher 25.21% annualized return.

URA

• 1D: 6.93%
• 1M: -10.88%
• YTD: 13.34%
• 6M: 6.44%
• 1Y: 121.39%
• 3Y*: 40.54%
• 5Y*: 24.65%
• 10Y*: 16.47%

CCJ

• 1D: 5.61%
• 1M: -8.27%
• YTD: 18.71%
• 6M: 29.77%
• 1Y: 164.39%
• 3Y*: 61.02%
• 5Y*: 44.84%
• 10Y*: 25.21%

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

Return for Risk

URA vs. CCJ — Risk / Return Rank

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

URA

URA Risk / Return Rank: 93
URA Sharpe Ratio Rank: 96
URA Sortino Ratio Rank: 95
URA Omega Ratio Rank: 90
URA Calmar Ratio Rank: 96
URA Martin Ratio Rank: 88

CCJ

CCJ Risk / Return Rank: 95
CCJ Sharpe Ratio Rank: 97
CCJ Sortino Ratio Rank: 95
CCJ Omega Ratio Rank: 93
CCJ Calmar Ratio Rank: 96
CCJ Martin Ratio Rank: 96

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.

URA vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and Cameco Corporation (CCJ). 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.

	URA	CCJ	Difference
Sharpe ratio Return per unit of total volatility	2.48	3.03	-0.55
Sortino ratio Return per unit of downside risk	2.97	3.56	-0.59
Omega ratio Gain probability vs. loss probability	1.37	1.44	-0.08
Calmar ratio Return relative to maximum drawdown	4.21	6.23	-2.02
Martin ratio Return relative to average drawdown	10.13	16.57	-6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URA vs. CCJ - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 2.48, which is comparable to the CCJ Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of URA and CCJ, 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

	URA	CCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	3.03	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.91	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.55	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.24	-0.29

Correlation

The correlation between URA and CCJ is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

URA vs. CCJ - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 4.30%, more than CCJ's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URA Global X Uranium ETF	4.30%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%
CCJ Cameco Corporation	0.16%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%

Drawdowns

URA vs. CCJ - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, which is greater than CCJ's maximum drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for URA and CCJ.

Drawdown Indicators

	URA	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-87.53%	-6.01%
Max Drawdown (1Y) Largest decline over 1 year	-28.43%	-25.69%	-2.74%
Max Drawdown (5Y) Largest decline over 5 years	-37.90%	-40.01%	+2.11%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	-57.22%	-4.23%
Current Drawdown Current decline from peak	-45.04%	-19.00%	-26.04%
Average Drawdown Average peak-to-trough decline	-75.40%	-46.29%	-29.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	9.67%	+2.15%

Volatility

URA vs. CCJ - Volatility Comparison

The current volatility for Global X Uranium ETF (URA) is 16.31%, while Cameco Corporation (CCJ) has a volatility of 17.51%. This indicates that URA experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URA	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.31%	17.51%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	41.70%	-3.16%
Volatility (1Y) Calculated over the trailing 1-year period	49.21%	54.64%	-5.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.00%	49.71%	-6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.23%	46.28%	-9.05%