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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URA or URNM.
Performance
URA vs. URNM - Performance Comparison
Returns By Period
In the year-to-date period, URA achieves a 9.52% return, which is significantly higher than URNM's -4.99% return.
URA
9.52%
-6.34%
-7.12%
14.66%
25.86%
4.12%
URNM
-4.99%
-10.17%
-20.46%
-0.80%
N/A
N/A
Key characteristics
| URA | URNM | |
|---|---|---|
| Sharpe Ratio | 0.46 | 0.02 |
| Sortino Ratio | 0.88 | 0.33 |
| Omega Ratio | 1.10 | 1.04 |
| Calmar Ratio | 0.22 | 0.03 |
| Martin Ratio | 1.34 | 0.06 |
| Ulcer Index | 12.21% | 16.90% |
| Daily Std Dev | 35.75% | 40.04% |
| Max Drawdown | -93.54% | -42.55% |
| Current Drawdown | -68.05% | -22.02% |
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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.
Correlation
The correlation between URA and URNM is 0.95, 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.
Risk-Adjusted Performance
URA vs. URNM - Risk-Adjusted Performance 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.
Dividends
URA vs. URNM - Dividend Comparison
URA's dividend yield for the trailing twelve months is around 5.63%, more than URNM's 3.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URA Global X Uranium ETF | 5.63% | 6.07% | 0.76% | 5.85% | 1.69% | 1.66% | 0.45% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
URNM NorthShore Global Uranium Mining ETF | 3.82% | 3.63% | 0.00% | 6.70% | 2.57% | 0.00% | 0.00% | 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 -42.55%. Use the drawdown chart below to compare losses from any high point for URA and URNM. For additional features, visit the drawdowns tool.
Volatility
URA vs. URNM - Volatility Comparison
Global X Uranium ETF (URA) and NorthShore Global Uranium Mining ETF (URNM) have volatilities of 8.02% and 8.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.