URA vs. URAN

Last updated Jun 6, 2026

URA (Global X Uranium ETF) and URAN (Themes Uranium & Nuclear ETF) are both Commodity Producers Equities funds - URA tracks the Solactive Global Uranium & Nuclear Components Total Return Index while URAN tracks the BITA Global Uranium and Nuclear Select Index. Both are passively managed. Over the past year, URA returned 43.12% vs 19.63% for URAN. Their correlation of 0.93 suggests significant overlap in exposure. URA charges 0.69%/yr vs 0.35%/yr for URAN.

Performance

URA vs. URAN - Performance Comparison

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

Returns By Period

In the year-to-date period, URA achieves a 6.04% return, which is significantly higher than URAN's -3.74% return.

URA

• 1D: -9.88%
• 1M: -22.23%
• YTD: 6.04%
• 6M: -0.93%
• 1Y: 43.12%
• 3Y*: 33.77%
• 5Y*: 18.83%
• 10Y*: 15.20%

URAN

• 1D: -7.43%
• 1M: -16.80%
• YTD: -3.74%
• 6M: -8.79%
• 1Y: 19.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URA vs. URAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URA Global X Uranium ETF	6.04%	67.18%	-4.59%
URAN Themes Uranium & Nuclear ETF	-3.74%	49.05%	4.09%

Correlation

The correlation between URA and URAN is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.93

The correlation between URA and URAN has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

URA vs. URAN — Risk / Return Rank

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

URA

URA Risk / Return Rank: 27
URA Sharpe Ratio Rank: 25
URA Sortino Ratio Rank: 27
URA Omega Ratio Rank: 25
URA Calmar Ratio Rank: 32
URA Martin Ratio Rank: 24

URAN

URAN Risk / Return Rank: 18
URAN Sharpe Ratio Rank: 17
URAN Sortino Ratio Rank: 19
URAN Omega Ratio Rank: 18
URAN Calmar Ratio Rank: 18
URAN Martin Ratio Rank: 17

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. URAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and Themes Uranium & Nuclear ETF (URAN). 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	URAN	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.49	+0.36
Sortino ratio: Return per unit of downside risk	1.44	0.94	+0.50
Omega ratio: Gain probability vs. loss probability	1.17	1.11	+0.06
Calmar ratio: Return relative to maximum drawdown	1.52	0.73	+0.79
Martin ratio: Return relative to average drawdown	3.19	1.53	+1.66
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. URAN - Sharpe Ratio Comparison

The current URA Sharpe Ratio is 0.85, which is higher than the URAN Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of URA and URAN, 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

	URA	URAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.49	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.68	-0.75

Drawdowns

URA vs. URAN - Drawdown Comparison

The maximum URA drawdown since its inception was -93.54%, which is greater than URAN's maximum drawdown of -31.96%. Use the drawdown chart below to compare losses from any high point for URA and URAN.

Drawdown Indicators

	URA	URAN	Difference
Max Drawdown Largest peak-to-trough decline	-93.54%	-31.96%	-61.58%
Max Drawdown (1Y) Largest decline over 1 year	-28.43%	-26.92%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-37.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.45%	—	—
Current Drawdown Current decline from peak	-48.58%	-26.92%	-21.66%
Average Drawdown Average peak-to-trough decline	-74.99%	-10.82%	-64.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.56%	12.89%	+0.67%

Volatility

URA vs. URAN - Volatility Comparison

Global X Uranium ETF (URA) has a higher volatility of 16.84% compared to Themes Uranium & Nuclear ETF (URAN) at 13.35%. This indicates that URA's price experiences larger fluctuations and is considered to be riskier than URAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URA	URAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.84%	13.35%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	39.54%	30.28%	+9.26%
Volatility (1Y) Calculated over the trailing 1-year period	51.13%	40.08%	+11.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.81%	39.48%	+4.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.83%	39.48%	-1.65%

URA vs. URAN - Expense Ratio Comparison

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

Dividends

URA vs. URAN - Dividend Comparison

URA's dividend yield for the trailing twelve months is around 4.60%, more than URAN's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URA Global X Uranium ETF	4.60%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%
URAN Themes Uranium & Nuclear ETF	2.66%	2.56%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both URA and URAN in my portfolio?

With a correlation of 0.95, URA and URAN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, URA or URAN?

URA has higher volatility (16.84%) compared to URAN (13.35%). In terms of maximum drawdown, URA dropped -93.54% vs URAN's -31.96%.

Which ETF is better, URA or URAN?

On 1-year performance, URA leads with 43.12% vs 19.63% for URAN. On fees, URAN is cheaper at 0.35% per year. On volatility, URAN has been the lower-risk option at 13.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URA or URAN?

Over the 1-year period, URA has performed better with a 43.12% return vs 19.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URA or URAN?

URAN is cheaper with a 0.35% expense ratio, compared with 0.69% for URA.

Which ETF pays a higher dividend yield, URA or URAN?

URA has the higher dividend yield at 4.60%, compared with 2.66% for URAN.

What is the main difference between URA and URAN?

URA tracks Solactive Global Uranium & Nuclear Components Total Return Index, while URAN tracks BITA Global Uranium and Nuclear Select Index. They also come from different issuers: Global X and Themes. Their fees differ too: 0.69% for URA and 0.35% for URAN.

Which has better risk-adjusted returns?

URA currently has the higher Sharpe Ratio (0.85 vs 0.49), 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.