URA vs. NXE
URA (Global X Uranium ETF) is Uranium fund tracking the Solactive Global Uranium & Nuclear Components Total Return Index, while NXE (NexGen Energy Ltd.) is a stock. Over the past 5 years, URA returned 20.93%/yr vs 19.18%/yr for NXE. Their 0.78 correlation means they have sometimes moved together and sometimes differently.
Performance
URA vs. NXE - Performance Comparison
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Returns By Period
In the year-to-date period, URA achieves a -4.49% return, which is significantly lower than NXE's 4.02% return.
URA
- 1D
- 4.45%
- 1M
- -5.60%
- 6M
- -23.39%
- YTD
- -4.49%
- 1Y
- 11.87%
- 3Y*
- 27.86%
- 5Y*
- 20.93%
- 10Y*
- 15.21%
- ALL TIME*
- -3.09%
NXE
- 1D
- 4.59%
- 1M
- -0.62%
- 6M
- -21.17%
- YTD
- 4.02%
- 1Y
- 47.69%
- 3Y*
- 25.86%
- 5Y*
- 19.18%
- 10Y*
- —
- ALL TIME*
- 15.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $45.91M | $43.76M | $60.65M | |
| $125.37M | $115.54M | $169.15M |
URA vs. NXE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URA Global X Uranium ETF | -4.49% | 67.18% | -0.58% | 46.25% | -11.32% | 57.57% | 41.33% | -3.54% | -22.11% | 11.72% |
NXE NexGen Energy Ltd. | 4.02% | 39.39% | -5.71% | 58.01% | 1.37% | 58.33% | 115.63% | -28.09% | -30.47% | 3.64% |
Correlation
The correlation between URA and NXE is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 17, 2017 | 0.78 |
The correlation between URA and NXE shifts across timeframes, from 0.78 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
URA vs. NXE — Risk / Return Rank
URA
NXE
URA vs. NXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and NexGen Energy Ltd. (NXE). 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 | NXE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.29 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.65 | 2.96 | -2.30 |
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Drawdowns
URA vs. NXE - Drawdown Comparison
The maximum URA drawdown since its inception was -93.54%, which is greater than NXE's maximum drawdown of -80.60%. Use the drawdown chart below to compare losses from any high point for URA and NXE.
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Drawdown Indicators
| URA | NXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.54% | -80.60% | -12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -39.30% | -37.28% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -39.30% | -54.28% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -39.30% | -54.28% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | — | — |
Current DrawdownCurrent decline from peak | -53.69% | -31.25% | -22.44% |
Average DrawdownAverage peak-to-trough decline | -74.74% | -26.70% | -48.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.23% | 16.18% | +2.05% |
Volatility
URA vs. NXE - Volatility Comparison
The current volatility for Global X Uranium ETF (URA) is 14.37%, while NexGen Energy Ltd. (NXE) has a volatility of 15.72%. This indicates that URA experiences smaller price fluctuations and is considered to be less risky than NXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URA | NXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 15.72% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 37.93% | 38.99% | -1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.40% | 56.86% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.16% | 58.12% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.14% | 61.32% | -23.18% |
Dividends
URA vs. NXE - Dividend Comparison
URA's dividend yield for the trailing twelve months is around 5.11%, while NXE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXE NexGen Energy Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 5.11% | 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 NXE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXE has higher volatility (15.72%) compared to URA (14.37%). In terms of maximum drawdown, URA dropped -93.54% vs NXE's -80.60%.
NXE currently has the higher Sharpe Ratio (0.84 vs 0.23), 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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