URA vs. URNM
Compare and contrast key facts about Global X Uranium ETF (URA) and NorthShore Global Uranium Mining ETF (URNM).
URA and URNM 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. URNM is a passively managed fund by Exchange Traded Concepts that tracks the performance of the North Shore Global Uranium Mining Index. It was launched on Dec 3, 2019. Both URA and URNM 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. URNM - Performance Comparison
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URA vs. URNM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
URA Global X Uranium ETF | 13.34% | 67.18% | -0.58% | 46.25% | -11.32% | 57.57% | 41.33% | 3.05% |
URNM NorthShore Global Uranium Mining ETF | 15.05% | 40.78% | -14.13% | 57.80% | -11.86% | 78.32% | 68.36% | 3.70% |
Returns By Period
In the year-to-date period, URA achieves a 13.34% return, which is significantly lower than URNM's 15.05% 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%
URNM
- 1D
- 8.06%
- 1M
- -12.22%
- YTD
- 15.05%
- 6M
- 8.04%
- 1Y
- 101.26%
- 3Y*
- 30.47%
- 5Y*
- 20.22%
- 10Y*
- —
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URA vs. URNM - Expense Ratio Comparison
URA has a 0.69% expense ratio, which is lower than URNM's 0.85% expense ratio.
Return for Risk
URA vs. URNM — Risk / Return Rank
URA
URNM
URA vs. URNM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Uranium ETF (URA) and NorthShore Global Uranium Mining ETF (URNM). 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 | URNM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.48 | 1.98 | +0.51 |
Sortino ratioReturn per unit of downside risk | 2.97 | 2.57 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 4.21 | 3.28 | +0.92 |
Martin ratioReturn relative to average drawdown | 10.13 | 9.12 | +1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URA | URNM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.48 | 1.98 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.42 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.71 | -0.76 |
Correlation
The correlation between URA and URNM is 0.94, 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. URNM - Dividend Comparison
URA's dividend yield for the trailing twelve months is around 4.30%, more than URNM's 2.76% 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% |
URNM NorthShore Global Uranium Mining ETF | 2.76% | 3.18% | 3.18% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
URA vs. URNM - Drawdown Comparison
The maximum URA drawdown since its inception was -93.54%, which is greater than URNM's maximum drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for URA and URNM.
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Drawdown Indicators
| URA | URNM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.54% | -50.78% | -42.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.43% | -30.79% | +2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -37.90% | -50.78% | +12.88% |
Max Drawdown (10Y)Largest decline over 10 years | -61.45% | — | — |
Current DrawdownCurrent decline from peak | -45.04% | -24.81% | -20.23% |
Average DrawdownAverage peak-to-trough decline | -75.40% | -17.89% | -57.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 11.08% | +0.74% |
Volatility
URA vs. URNM - Volatility Comparison
The current volatility for Global X Uranium ETF (URA) is 16.31%, while NorthShore Global Uranium Mining ETF (URNM) has a volatility of 18.90%. This indicates that URA experiences smaller price fluctuations and is considered to be less risky than URNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URA | URNM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.31% | 18.90% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 38.54% | 40.47% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.21% | 51.55% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.00% | 48.02% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.23% | 46.76% | -9.53% |