URAA vs. URNJ

Last updated Jun 3, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and URNJ (Sprott Junior Uranium Miners ETF) are both exchange-traded funds - URAA is a Leveraged Equities fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while URNJ is a Energy Equities fund tracking the Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. Both are passively managed. Over the past year, URAA returned 106.74% vs 86.27% for URNJ. Their correlation of 0.92 suggests significant overlap in exposure. URAA charges 1.28%/yr vs 0.80%/yr for URNJ.

Performance

URAA vs. URNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Sprott Junior Uranium Miners ETF (URNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URAA achieves a 24.05% return, which is significantly higher than URNJ's 18.77% return.

URAA

• 1D: 10.50%
• 1M: -10.26%
• YTD: 24.05%
• 6M: 18.37%
• 1Y: 106.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URNJ

• 1D: 5.95%
• 1M: -4.10%
• YTD: 18.77%
• 6M: 22.90%
• 1Y: 86.27%
• 3Y*: 27.88%
• 5Y*: —
• 10Y*: —

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

URAA vs. URNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	24.05%	88.33%	-26.53%
URNJ Sprott Junior Uranium Miners ETF	18.77%	45.35%	-19.46%

Correlation

The correlation between URAA and URNJ is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Jun 27, 2024	0.92

The correlation between URAA and URNJ has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

URAA vs. URNJ - Sectors Allocation Comparison

Sectors	URAA	URNJ
Energy	63.0%	95.1%
Industrials	17.2%	-
Utilities	16.2%	-
Basic Materials	2.6%	4.9%
Technology	0.9%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

URAA vs. URNJ — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 34
URAA Sharpe Ratio Rank: 32
URAA Sortino Ratio Rank: 36
URAA Omega Ratio Rank: 33
URAA Calmar Ratio Rank: 41
URAA Martin Ratio Rank: 27

URNJ

URNJ Risk / Return Rank: 39
URNJ Sharpe Ratio Rank: 39
URNJ Sortino Ratio Rank: 40
URNJ Omega Ratio Rank: 36
URNJ Calmar Ratio Rank: 46
URNJ Martin Ratio Rank: 31

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.

URAA vs. URNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) and Sprott Junior Uranium Miners ETF (URNJ). 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.

	URAA	URNJ	Difference
Sharpe ratio Return per unit of total volatility	1.15	1.42	-0.27
Sortino ratio Return per unit of downside risk	1.92	2.06	-0.15
Omega ratio Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio Return relative to maximum drawdown	2.08	2.29	-0.21
Martin ratio Return relative to average drawdown	3.86	4.69	-0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URAA vs. URNJ - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is 1.15, which is comparable to the URNJ Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of URAA and URNJ, 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

	URAA	URNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.42	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.32	+0.04

Drawdowns

URAA vs. URNJ - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than URNJ's maximum drawdown of -59.21%. Use the drawdown chart below to compare losses from any high point for URAA and URNJ.

Drawdown Indicators

	URAA	URNJ	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-59.21%	-8.24%
Max Drawdown (1Y) Largest decline over 1 year	-49.91%	-35.54%	-14.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-59.21%	—
Current Drawdown Current decline from peak	-37.53%	-25.97%	-11.56%
Average Drawdown Average peak-to-trough decline	-27.23%	-21.16%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.90%	17.36%	+9.54%

Volatility

URAA vs. URNJ - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 26.65% compared to Sprott Junior Uranium Miners ETF (URNJ) at 16.73%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than URNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAA	URNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.65%	16.73%	+9.92%
Volatility (6M) Calculated over the trailing 6-month period	72.07%	45.26%	+26.81%
Volatility (1Y) Calculated over the trailing 1-year period	93.74%	61.20%	+32.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.74%	53.28%	+35.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.74%	53.28%	+35.46%

URAA vs. URNJ - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than URNJ's 0.80% expense ratio.

Dividends

URAA vs. URNJ - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 8.20%, more than URNJ's 5.54% yield.

Position	TTM	2025	2024	2023
URAA Direxion Daily Uranium Industry Bull 2X Shares	8.20%	9.14%	4.36%	0.00%
URNJ Sprott Junior Uranium Miners ETF	5.54%	6.58%	4.33%	4.03%

Frequently Asked Questions

Can I hold both URAA and URNJ in my portfolio?

With a correlation of 0.93, URAA and URNJ 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, URAA or URNJ?

URAA has higher volatility (26.65%) compared to URNJ (16.73%). In terms of maximum drawdown, URAA dropped -67.45% vs URNJ's -59.21%.

Which ETF is better, URAA or URNJ?

On 1-year performance, URAA leads with 106.74% vs 86.27% for URNJ. On fees, URNJ is cheaper at 0.80% per year. On volatility, URNJ has been the lower-risk option at 16.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or URNJ?

Over the 1-year period, URAA has performed better with a 106.74% return vs 86.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or URNJ?

URNJ is cheaper with a 0.80% expense ratio, compared with 1.28% for URAA.

Which ETF pays a higher dividend yield, URAA or URNJ?

URAA has the higher dividend yield at 8.20%, compared with 5.54% for URNJ.

What is the main difference between URAA and URNJ?

URAA is categorized as Leveraged Equities, while URNJ is Energy Equities. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while URNJ tracks Nasdaq Sprott Junior Uranium Miners Index - Benchmark TR Gross. They also come from different issuers: Direxion and Sprott. Their fees differ too: 1.28% for URAA and 0.80% for URNJ.

Which has better risk-adjusted returns?

URNJ currently has the higher Sharpe Ratio (1.42 vs 1.15), 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.