URA vs. NANR

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Uranium ETF (URA) and SPDR S&P North American Natural Resources ETF (NANR).

URA and NANR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. NANR is a passively managed fund by State Street that tracks the performance of the S&P BMI North American Natural Resources Index. It was launched on Dec 15, 2015. Both URA and NANR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

URA vs. NANR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Uranium ETF (URA) and SPDR S&P North American Natural Resources ETF (NANR). The values are adjusted to include any dividend payments, if applicable.

URA vs. NANR - 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%
NANR SPDR S&P North American Natural Resources ETF	23.84%	35.35%	2.31%	-3.23%	26.49%	36.43%	1.03%	18.99%	-16.77%	8.03%

Returns By Period

In the year-to-date period, URA achieves a 13.34% return, which is significantly lower than NANR's 23.84% return. Over the past 10 years, URA has outperformed NANR with an annualized return of 16.47%, while NANR has yielded a comparatively lower 14.19% 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%

NANR

• 1D: 1.45%
• 1M: -1.64%
• YTD: 23.84%
• 6M: 31.38%
• 1Y: 54.33%
• 3Y*: 18.83%
• 5Y*: 19.21%
• 10Y*: 14.19%

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

URA vs. NANR - Expense Ratio Comparison

URA has a 0.69% expense ratio, which is higher than NANR's 0.35% expense ratio.

URA

Global X Uranium ETF

NANR

SPDR S&P North American Natural Resources ETF

Return for Risk

URA vs. NANR — 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

NANR

NANR Risk / Return Rank: 94
NANR Sharpe Ratio Rank: 95
NANR Sortino Ratio Rank: 94
NANR Omega Ratio Rank: 94
NANR Calmar Ratio Rank: 93
NANR 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. NANR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and SPDR S&P North American Natural Resources ETF (NANR). 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	NANR	Difference
Sharpe ratio Return per unit of total volatility	2.48	2.37	+0.11
Sortino ratio Return per unit of downside risk	2.97	2.89	+0.08
Omega ratio Gain probability vs. loss probability	1.37	1.44	-0.07
Calmar ratio Return relative to maximum drawdown	4.21	3.41	+0.80
Martin ratio Return relative to average drawdown	10.13	16.05	-5.92
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. NANR - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 2.48, which is comparable to the NANR Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of URA and NANR, 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	NANR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	2.37	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.84	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.60	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.64	-0.69

Correlation

The correlation between URA and NANR is 0.56, 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

URA vs. NANR - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 4.30%, more than NANR's 1.43% 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%
NANR SPDR S&P North American Natural Resources ETF	1.43%	1.77%	2.20%	2.78%	2.70%	2.61%	2.73%	2.02%	1.95%	1.83%	5.01%	0.01%

Drawdowns

URA vs. NANR - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, which is greater than NANR's maximum drawdown of -49.15%. Use the drawdown chart below to compare losses from any high point for URA and NANR.

Drawdown Indicators

	URA	NANR	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-49.15%	-44.39%
Max Drawdown (1Y) Largest decline over 1 year	-28.43%	-16.17%	-12.26%
Max Drawdown (5Y) Largest decline over 5 years	-37.90%	-26.42%	-11.48%
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	-49.15%	-12.30%
Current Drawdown Current decline from peak	-45.04%	-2.53%	-42.51%
Average Drawdown Average peak-to-trough decline	-75.40%	-8.48%	-66.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.82%	3.44%	+8.38%

Volatility

URA vs. NANR - Volatility Comparison

Global X Uranium ETF (URA) has a higher volatility of 16.31% compared to SPDR S&P North American Natural Resources ETF (NANR) at 6.43%. This indicates that URA's price experiences larger fluctuations and is considered to be riskier than NANR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URA	NANR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.31%	6.43%	+9.88%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	15.56%	+22.98%
Volatility (1Y) Calculated over the trailing 1-year period	49.21%	23.03%	+26.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.00%	23.12%	+19.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.23%	23.75%	+13.48%